Idaho remote sensing firm teams with large aerospace firm and U.S. federal laboratories to pursue the development of the natural resources in Kazakhstan.
Earth Search Sciences plans to pursue a potential multi-million dollar business venture with various partners to locate and develop minerals and hydro-carbons on the 5,000,000 acre concession in the northeastern part of Kazakhstan. The remote sensing imagery of the area is indicating a very high potential for minerals and hydro-carbons. As part of the exclusive agreement, the team has received access to all data including geology, geochemistry and drilling records on the concession.
Earth Search Sciences specializes in hyper-spectral remote sensing -- the science that applies chemistry and sensor technology to gather digital data on natural resources, environmental conditions and land-use patterns. The sensors are deployed on airborne, satellites and unmanned platforms. The data is then converted into digital information. Earth Search Sciences has patent applications in process and a Space Act Agreement with NASA/JPL, giving the company access to state-of-the-art multi-spectral sensors.
"The Kazakhstan people welcome help in developing these resources to rebuild their fallen economy. There are more than 3,000 scientists who are eager to share their technological expertise with us, and learn to implement market-driven business practices," said Larry Vance, chief executive officer of Earth Search Sciences Inc.
The Kazakhstan agreement was granted to a team comprised of SEMTECH, a Kazakhstan government-sponsored company, along with Lockheed Environmental Systems and Technologies Co., Earth Search Sciences Inc., the Idaho National Engineering Laboratory and Lockheed Idaho Technologies Co., Tetra Tech Inc., Bishop Associates, Ramparts Technologies, Thermo Technology Ventures, and Smith Barney Investment Bankers. The business venture being pursued may include these firms and/or other high tech firms.
Some members of the team visited Kazakhstan last month and met with the minister and deputy minister of Science and Technology, the minister of Geology, the director of the National Nuclear Center and its management. Earth Search Sciences also sponsored a visit by a contingent of Kazakhstan officials to the Idaho National Engineering Laboratory/DOE operated by LITCO in Idaho Falls, Idaho and to the NASA/JPL Laboratory in Pasadena, Calif., to learn more about the team's expertise in hyper-spectral remote sensing and geographic information systems.
CONTACT: Earth Search Sciences Inc., McCall
Chuck Eubank, Tami Story, 208/634-7080
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|Date:||Dec 30, 1994|
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