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TECTERRA Funds Additional $4.8 Million for Geomatics Growth in 2014-15

CALGARY, ALBERTA – TECTERRA Inc. announced that it has committed $4.8 million of funds to support the geomatics technology sector in Canada during the last fiscal year, which ended on March 31, 2015. This additional commitment brings TECTERRA’s investment in the geomatics industry to over $33.9 million to date.

The investment sum represents commitments to support geomatics companies and applied research projects for technology commercialization, new job creation and Highly Qualified Personnel (HQP) training and development across the country, with total matching private investments of more than $23.3 million towards the supported projects and initiatives.

“TECTERRA is very pleased to continue to support the growth of geomatics in Alberta and across Canada, with emphasis on enabling the commercialization of environmental monitoring, management and protection solutions for the Alberta resource industries,” said Dr. Mohamed Abousalem, Chief Executive Officer for TECTERRA. “Our suite of investment and grant programs has a proven track record and they are accurately reflected through the expanding number of portfolio companies we support. We look forward to continuing to contribute to the economic growth of Canada in the years to come.”

The following is a summary of TECTERRA’s commercialization support and job creation activities in the period from the beginning of TECTERRA’s operation in June 2010 through the end of March 2015.

Project/Activity Type # Of Units Investment $
Small and medium geomatics companies supported through project investments and various business support programs 171 companies $20,731,991
New HQP jobs (including those within funded projects) 284 HQP $1,827,162
University applied research projects 25 projects $4,678,505
HQP trained on state-of-the-art geomatics technology 610 HQP $248,147
TECTERRA Geomatics Lab investment for product development
and HQP training
25,258 equipment days,
97 training days
$6,424,809

TECTERRA continues to develop new programs that support the geomatics industry and help broaden the horizons for geospatial technology companies.

To meet with some of TECTERRA’s supported companies, learn more about the organization’s programs and activities, and to stay up-to-date on the newest innovation in geomatics technology, register today to attend the TECTERRA Geomatics Showcase 2015 on June 24, 2015 at the Calgary TELUS Convention Centre. Visit www.tecterra.com for event details and to register.

About TECTERRA:

TECTERRA Inc. is a Canadian geomatics technology innovation support centre that supports the development and commercialization of geomatics technologies for integrated resource management. With funding from the province of Alberta, TECTERRA invests in technology solutions for the following: agriculture, energy, environment, forestry, land management, and development applications. The organization also focuses on small to medium enterprises that specialize in geomatics technology geared towards environmental monitoring, management and protection. The first centre of its kind, TECTERRA works with industry, entrepreneurs, researchers, and government partners to enable the use of geomatics technologies in addressing local, national and global challenges in resource management. As a non-profit organization, TECTERRA is governed by an independent Board of Directors who represents the key industry sectors associated with TECTERRA’s focus markets.

For more information, visit: www.tecterra.com

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