TECTERRA Inc.

TECTERRA Inc.

May 27, 2013 11:00 ET

TECTERRA Funds Additional $8-Million for Geomatics Growth in 2012-13

CALGARY, ALBERTA--(Marketwired - May 27, 2013) - TECTERRA Inc. announced today that it has committed nearly $8-million of funds supporting the geomatics technology sector in Canada during the last fiscal year ending on March 31, 2013. This year's funding brings TECTERRA's to date investment commitment to the geomatics industry to approximately $26-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 $16-million toward the supported projects and initiatives.

"TECTERA continues to provide significant support for the growth of the geomatics industry in Alberta and across Canada," says Dr. Mohamed Abousalem, Chief Executive Officer for TECTERRA. "Our expansive suite of investment and grant programs continues to be the catalyst-of-choice for the commercialization of geomatics technology for resource management and other geospatial applications across Canada. Our portfolio has grown to include 129 small and medium geomatics technology companies across Canada and 25 applied research projects in Alberta."

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 2013.

Project/Activity Type # of Units Investment $
Small & medium geomatics companies supported through project investments and various business support programs 129 companies $13,180,249
New HQP jobs created (including those within funded projects) 204 HQP $1,515,765
University applied research projects 25 projects $4,741,858
HQP trained on state-of-the-art geomatics equipment 431 HQP $237,433
TECTERRA Geomatics Lab investment for product development and HQP training 10,676 equipment-days $5,838,322

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 Geomatics Showcase 2013 on June 18th, 2013, at the Westin Calgary. Visit www.tecterra.com for event details and to register.

About TECTERRA:

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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