ArcSecond Establishes Partnership With Spectra Precision; Relationship with Industry Leader Supports Technology Company's Entry into the Construction Market.Business Editors DULLES, Va.--(BUSINESS WIRE)--July 20, 2000 ArcSecond Inc., a leader in advanced measurement technology that captures and processes 3D information, recently announced at the A/E/C A/E/C Architect/Engineer/Contractor trade show in Washington D.C. (June 7, 2000) that it has entered into a product development agreement with Spectra Precision, the world leader in concept to completion solutions for the construction, surveying and agriculture markets. ArcSecond develops and licenses measurement and positioning technology for a wide variety of applications, ranging from construction and aerospace to virtual reality and movie special effects special effects, in motion pictures, cinematographic techniques that create illusions in the audience's minds as well as the illusions created using these techniques. . But it was ArcSecond's proprietary breakthrough development, 3D-Intelligence(R) technology, that brought Spectra Precision and ArcSecond together. 3D-Intelligence (3D-I) locates points and objects in space with pinpoint accuracy. 3D-I tracks moving objects, navigates users to desired destinations and integrates virtual worlds with the real world. Spectra Precision, well known in the construction industry for its 3D-based positioning systems, recognized the advantages of ArcSecond's 3D-I solutions. "We are always looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. opportunities to partner with companies who can bring a new element to our products that will ultimately benefit the customer," said Karl Ramstrom, President and Chief Executive Officer of Spectra Precision. "ArcSecond is pushing the envelope to develop technologies that actually translate into real cost savings and work advantages from engineers to contractors ... and that's the type of business we want to be associated with." Spectra Precision provides the construction, surveying, civil engineering and agriculture markets with solutions from "Concept to Completion." Spectra Precision is a leading provider of laser, sonic son·ic adj. Of, relating to, or determined by audible sound. and GPS-based construction, surveying and machine control solutions, plus software that ensures a seamless flow of information from total stations through machine control. "We are excited about working with Spectra Precision because they have proven to be an innovative company by offering a series of 3D technologies that are truly integrated," said ArcSecond President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Edward Barrientos. "We have created a breakthrough technology that can change the way work is accomplished and we want to align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. ourselves with industry leaders who can complement our products and technological developments." ArcSecond began in 1990 as a quintessential quin·tes·sen·tial adj. Of, relating to, or having the nature of a quintessence; being the most typical: "Liszt was the quintessential romantic" Musical Heritage Review. garage, start-up company start-up company A new business. . Today, it is a leading edge technology company located in the heart of the Washington, DC/Northern Virginia Virginia, state, United States Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE). Technology corridor. ArcSecond develops and licenses its measurement and positioning technology, 3D-Intelligence, for a wide variety of applications and in a range of markets -- from construction and aerospace to virtual reality and movie special effects. ArcSecond technology is fundamentally changing the way 3D information is collected, processed and applied ... from the construction site to the desktop. www.ArcSecond.com |
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