Immersive Media Corp.
TSX VENTURE : IMC

Immersive Media Corp.

February 22, 2008 06:00 ET

Immersive Media and ACG Security, LLC Further Strategic Partnership with U.S. Army Contract

CALGARY, ALBERTA--(Marketwire - Feb. 22, 2008) - Immersive Media Corp. (TSX VENTURE:IMC) ("IMC") is pleased to announce that it is expanding its strategic relationship with ACG Security, LLC (ACG) to provide its patented Immersive Video technology to the U.S. Army's Rapid Equipping Force. IMC's video technology, coupled with ACG's tactical operation capabilities, will provide the U.S. Army with the "best-of-breed" Terrestrial-Intelligence, Surveillance and Reconnaissance (T-ISR) system. This Immersive Route Reconnaissance System (IRRS) will provide a superior situational awareness capability for vehicle-bound soldiers in combat. IRRS will be deployed in the Iraqi theater of operations by mid-2008.

"ACG is confident and excited about working with IMC to bring improved support to our troops on the ground," says Fred Kleibacker, CEO of ACG Security. "We've been impressed with the product evolution, both from the hardware and software perspectives that IMC has brought to our strategic relationship." ACG has been an IMC Certified Service Provider and Integrator for the federal market since March 2007, focusing its efforts in the defense sector.

In partnership with IMC, ACG is enhancing IMC's revolutionary Immersive Video technology for greater operational survivability, simplicity, and reliability in strenuous tactical environments. ACG chose IMC because of its superior Immersive technologies that provide high-resolution spherical video integrated with georeferenced data that is compatible with common GIS software.

"We look forward to this expanded strategic relationship with ACG to bring Immersive Video technology to the U.S. Forces," said Myles M. McGovern, President & CEO of Immersive Media Corp. "ACG's operational knowledge and tactical expertise will strengthen IMC's battlefield solution and also create incremental market opportunities."

In late 2006, the U.S. Army Rapid Equipping Force (REF), responding to a Joint Improvised Explosive Device Defeat Organization (JIEDDO) requirement, contracted ACG to find, enhance, and deploy a 360-degree, georeferenced route reconnaissance video system to aid Warfighters hunting Improvised Explosive Devices (IED). The result was Bazaar - a tool that records the action surrounding a vehicle during missions. This data is used in operational and intelligence planning/analysis as well as training, and provides increased situational awareness from advanced spatial orientation. Bazaar equips the Warfighters with video for use in operational and intelligence planning while providing users the means to view, edit and review data that has been captured so that they can do their job in the battlefield with increased safety.

ACG was awarded the contract in February 2008 in order to make significant improvements to the Bazaar system that was deployed in 2007. You can see Immersive imagery at http://demos.immersivemedia.com.

For more information about the ACG Security, LLC visit www.acg-security.com.

About ACG

ACG Security, LLC provides custom, user friendly, enhanced multimedia geo-referenced products seamlessly integrated into other vulnerability products to satisfy the unique security and vulnerability protection requirements of both commercial and government sectors. ACG Security, LLC, working with our partners, has developed a collection and threat analysis process that integrates all the technologies and archives it into a relational database allowing access via a secure web browser. ACG Security, LLC is a Service Disabled Veteran Owned Small Business (SDVOSB) formed in 2005 and comprised of a strong leadership team with more than 100 years combined experience working with the military and federal government.

About Immersive Media Corp.

IMC is the leading provider of full motion, high-resolution, interactive spherical video technology and production services. Using eleven video streams arranged according to geodesic geometry, Immersive video captures an almost complete spherical image; a high-resolution 360 degree view of surroundings that is seamlessly stitched together. IMC's immersive movies can integrate GPS coordinates and other metadata producing our GeoImmersive™ video. IMC's open platform design easily interfaces with industry standard applications and databases providing viewers with greater visual detail for timely, fact-based decision-making, and for the distribution of interactive streaming spherical video.

IMC's offerings include hardware, software, production and multi-platform distribution services, and immersive imagery licensing. Applications include: urban planning, oil and gas resource management, emergency response and first responder operations, and cross platform advertising and entertainment media. IMC is a publicly traded company that is listed under the symbol "IMC" on the TSX Venture Exchange. For more information please visit www.immersivemedia.com.

Safe Harbor for Forward-Looking Statements

Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and Immersive Media Corp. intends that such forward-looking statements be subject to the safe harbor created thereby. Immersive Media Corp. does not undertake an obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

(C) 2008 Immersive Media Corp. All rights reserved. GeoImmersive is a trademark of Immersive Media Corp. All other trademarks are the property of their respective owners.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Immersive Media Corp.
    David G. Anderson
    Investor Relations
    (866) 333-8817 Ext 629
    or
    Immersive Media Corp.
    Karen Tanaka
    Media Relations
    (866) 333-8817 Ext 632
    Website: www.immersivemedia.com