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TSX:PSD
CALGARY, April 30 /CNW/ - Pulse Data Inc. ("Pulse") announces that its wholly-owned subsidiary, Terrapoint USA Inc., has signed a US $988,750 (approximately C$1.14 million) contract to provide surveying in New York State. The project will utilize LiDAR technology to survey several thousands of square miles for the purpose of flood mapping.
James Ferguson, President of Terrapoint Canada Inc. stated "Our reputation for high-quality work, coupled with our ability to quickly deploy significant LiDAR resources for this project were key to securing this contract."
In anticipation of the project Terrapoint is currently in the process of flying several state-of-the-art Optech 3100 EA LiDAR Sensors on the site to capture the survey area prior to any "leaf-on" conditions that may prevail.
Pulse is a Calgary-based company with two operating units: Pulse Seismic which specializes in acquiring, marketing and licensing seismic data to the western Canadian energy sector, and Terrapoint which focuses on acquisitions and processing of digital elevation and image data (or LiDAR) to diverse markets. Through these two operating units, Pulse Seismic and Terrapoint, the Company has evolved into an industry leader providing Better Information Faster(TM).
Pulse trades on the Toronto Stock Exchange under the symbol PSD.
Certain information contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Investors are encouraged to review the "Risk Factors" section of the Management's Discussion and Analysis in the Company's most recent Annual Report and interim reports for a discussion of risks that could affect the Company's operations and financial results. Forward-looking statements are based upon management's assumptions, expectations and estimates at the time that such statements are made. Pulse does not update forward-looking statements should circumstances change or management's assumptions, expectations or estimates change, except as required by law.