Geospatial Mapping Systems Enters into Technology License Agreement with George F. Young Inc
Geospatial Holdings Inc. has announced that its wholly-owned subsidiary Geospatial Mapping Systems Inc. (Geospatial), has entered into a technology license agreement with George F. Young Inc. to use Geospatial’s Smart Probe Pipeline Mapping Technologies for the practice of mapping pipelines and rendering 3D as-built drawings, throughout the Southeast region.
Under the terms of the three-year agreement, George F. Young will have non-exclusive use of Geospatial’s Smart Probe and GeoUnderground technologies throughout Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and the Caribbean Basin.
Greg Crawford, senior vice president of utilities and transportation survey for George F. Young, stated, “Utilizing Geospatial’s Smart Probe technologies gives us an opportunity to provide a new way of mapping underground utilities, which previously didn’t exist. We are excited to offer this additional service to our clients.”
“George F. Young’s use of this technology in the architecture, civil engineering, environmental engineering, subsurface utility locating, landscape architecture, planning, surveying and mapping, hydrographic surveying, GPS/GIS, environmental/ecological and commercial real estate markets is in complete alignment with Geospatial’s business model and markets. I am confident this will be a mutual and beneficial relationship for all of our clients and stakeholders,” added Geospatial CEO Mark A. Smith.
About Geospatial Holdings Inc.
Geospatial Holdings Inc. utilizes proprietary technologies to determine the accurate location and position of underground pipelines, conduits and other underground infrastructure data allowing Geospatial to create accurate 3D digital maps and models of all underground infrastructure.