June 05, 2012 11:00 ET

TECTERRA Funds Additional $12-million for Geomatics Growth in 2011-12

CALGARY, ALBERTA--(Marketwire - June 5, 2012) - TECTERRA Inc. announced today that it has committed nearly $12- million of funds supporting the geomatics technology sector in Canada during the last fiscal year ending on March 31, 2012. The year's commitment brings TECTERRA's to date investment commitment to the geomatics industry to approximately $18-million. 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 in the amount of $10-million toward the supported projects and initiatives.

"We are very proud of the continuing support TECTERRA is providing toward the growth of geomatics in Alberta and across Canada," says Dr. Mohamed Abousalem, Chief Executive Officer for TECTERRA. "Through the expansive suite of investment and grant programs we offer to the geomatics industry and applied research community, we have become the catalyst-of- choice for the commercialization of geomatics technology for resource management and other geospatial applications across Canada."

Following is a summary of TECTERRA's commercialization support and job creation activities in the period from TECTERRA's start of operation in June 2010 through the end of March 2012.

Project/Activity Type # of Projects/Units Investment $
Small & medium geomatics companies supported through project investments and various business support programs 65 companies
New HQP jobs created (including new jobs created within funded projects) 90 HQP
University applied research projects 21 projects $4,515,270
HQP trained on state-of-the-art geomatics equipment 253 HQP $224,673
TECTERRA Geomatics Lab investment for commercialization and HQP training 1,699 equipment-

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

To meet with some of TECTERRA's supported companies, learn more about TECTERRA's programs and activities, and stay up to date on the newest innovations in geomatics technology, register today to attend TECTERRA Showcase 2012 on June 21st, 2012, at the Calgary Deerfoot Inn and Casino. Visit www.tecterra. com for event details and to register.


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 the Government of Canada, TECTERRA invests in technology solutions for energy, forestry, agriculture, environment, and land management and development applications. 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. TECTERRA, a non-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.

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