Optimal Geomatics Inc.
TSX VENTURE : OPG

Optimal Geomatics Inc.

August 16, 2006 17:25 ET

Optimal Geomatics Improves Pipeline Risk Ranking Analysis for Pipeline Integrity Management Applications

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 16, 2006) - Optimal Geomatics Inc., (TSX VENTURE:OPG) ("Optimal"), a geomatics service and software provider to the power line and pipeline utility sector, announces its newly improved Pipeline Integrity Risk Ranking program. Risk Ranking is part of Optimal's suite of proprietary research methodologies and algorithms that allow pipelines to be classified according to their potential impact on human habitats, congregating areas and other environmental surroundings should a leak or explosion occur. This software tool analyzes and ranks sections of pipeline so that corrosion inspection can be prioritized appropriately.

Pipelines carry more hazardous materials in the United States than any other form of transportation. Nearly 200,000 miles of hazardous liquid pipelines deliver approximately 14.4 billion barrels of petroleum products annually, and more than 21 trillion cubic feet of natural gas are delivered through nearly 2 million miles of pipe.(1)

The Office of Pipeline Safety (OPS) is the Department of Transportation's (DOT) division responsible for developing, issuing and enforcing pipeline safety regulations. For pipeline operators to comply with the OPS regulations, they must perform ongoing assessments of each pipeline's integrity. Failure to adequately maintain pipeline integrity is suspected to be the cause of notable historic events such as the 1999 Bellingham Pipeline tragedy and the recent shut down of Alaska's Prudhoe Bay oil field.

Optimal's pipeline integrity services have been used by numerous pipeline operators to map and produce core data for company-wide integrity management plans in numerous states, including Kansas, Oklahoma, Texas, and Ohio. Optimal's CTO, Dr. Dmitri Rosenrauch, commented, "Optimal is skilled in developing effective mapping, research and software tools to address the area of integrity management. Our improved risk ranking tool allows pipeline operators to effectively manage, mitigate and prioritize one of their most costly inspection tasks: inspection for internal and external corrosion. I believe our commitment to improving our service offering will be well-received by our current and future customer-base."

Optimal Geomatics specializes in providing highly accurate geomatics services and software to a customer-base which is primarily composed of Electric power line and Gas pipeline utilities. Geomatics is best described as the acquisition, storage, management, retrieval, manipulation, and distribution of spatial or geographically referenced data. Optimal employs a number of acquisition systems, including its proprietary technology, for aerial data acquisition, and applies innovative technology, techniques, and expertise for in-house processing. The Company's unique mapping products and services help utilities reduce cost, improve efficiency, and better-manage their assets by turning raw data into highly valuable geospatial information and engineering reports. Optimal's customers include many of the major utilities across the United States and the United Kingdom.

This document may contain forward-looking statements. These statements present management's expectations, beliefs, plans, and objectives regarding future events and conditions and, as such, involve inherent risks and uncertainties. Actual results could be significantly different from those projected.

(1) Testimony of Robert Chipkevich, Director Office of Railroad, Pipeline, and Hazardous Materials Investigations National Transportation Safety Board before the Subcommittee on Energy and Air Quality Committee on Energy and Commerce House of Representatives Regarding Pipeline Safety March 19, 2002


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