Geospatial Holdings, Inc. (OTCBB: GSPH) announced Nov. 20 that the company, through its wholly-owned subsidiary Utility Services and Consulting Corp. (USCC), has entered into a three year contract with Xcel Energy Services, Inc. (Xcel), a wholly-owned subsidiary of Xcel Energy, Inc. (NYSE: XEL) to provide utility locating services throughout the state of New Mexico.
Work on this three-year, unit-price contract is scheduled to begin immediately. Mark A. Smith, Geospatial’s CEO stated, “This contract should provide Geospatial with more than $800,000 of revenue over the life of the contract.”
Dennis Dickinson, president of Utility Services and Consulting Corp., stated that “We are delighted that we continue to grow rapidly since joining the Geospatial team. USCC and Geospatial have the talent, technology and resources to dominate the pipeline locating and infrastructure management industries throughout the Southwest.”
About Geospatial Holdings, Inc.
Geospatial Holdings, Inc. through various wholly-owned subsidiaries across the U.S. 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) three-dimensional digital maps and models of all underground infrastructure.
GeoUnderground, the company’s powerful (GIS) geographic information system database enables users to view and utilize this 3D pipeline mapping information securely from any desktop, laptop or PDA such as a Blackberry or an iPhone. GeoUnderground seamlessly integrates with all known technologies gathering above-ground geo-referenced digital information and all standard GIS databases.