TECTERRA Inc.

TECTERRA Inc.

April 19, 2011 08:00 ET

TECTERRA Funds $6.3-million for Geomatics Growth in Canada

CALGARY, ALBERTA--(Marketwire - April 19, 2011) - TECTERRA Inc. committed over $6.3-million of funds supporting the geomatics technology sector in Canada during the last fiscal year, the company announced today. The sum represents commitments to support commercialization projects, applied research, professional development, training, and the creation of new jobs across the country.

"We're proud of the support TECTERRA is providing toward the growth of geomatics in Alberta and across Canada during our first year of operation," says Dr. Mohamed Abousalem, Chief Executive Officer for TECTERRA. "It's important to note that this is just the beginning of substantial value TECTERRA will bring to the commercialization of Canadian geomatics technology."

Following is a summary of the projects and job creation activities that were approved for TECTERRA's funding support in the 2010/11 fiscal year:

Project Type# of ProjectsInvestment Amount
Industry commercialization projects (including new jobs created) & new business venture support14$2,905,000
New jobs created for Highly Qualified Personnel (including those within funded commercialization projects), training and development30$371,050
Applied Research Projects8$260,000
TECTERRA Geomatics Lab equipment for commercialization and training of highly qualified personnel$2,819,172

TECTERRA continues to develop new programs that support the geomatics industry and applied geomatics research in Alberta and across Canada.

About TECTERRA Inc.

TECTERRA Inc. is a national organization supporting the Canadian development and commercialization of geomatics technologies for integrated resource management. With current funding from the Province of Alberta and Government of Canada, TECTERRA invests in technology solutions for energy, forestry, agriculture, environment, and land management and development applications. 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. TECTERRA, a not-for-profit organization, is governed by an independent Board of Directors representing key industry sectors associated with TECTERRA's focus markets. For more information, visit www.tecterra.com.

Contact Information