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OGC and OSCRE Sign Memorandum of Understanding.

WAYLAND, Mass. -- The Open Geospatial Consortium The Open Geospatial Consortium (OGC) is an international voluntary consensus standards organization. In the OGC, more than 330 commercial, governmental, nonprofit and research organizations worldwide collaborate in an open consensus process encouraging development and , Inc. (OGC OGC Office of Government Commerce (UK government)
OGC Open Geospatial Consortium, Inc.
OGC Office of the General Counsel
OGC Open GIS Consortium, Inc.
) and the Open Standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced  Consortium for Real Estate (OSCRE OSCRE Open Standards Consortium for Real Estate (UK) ) signed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment.  (MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ) to collaborate in standards development and to enable and promote the use of Web based geospatial technologies in real estate commerce and real property management.

"There's a growing interest among OGC members in standards related to the built environment and we are fortunate to have the opportunity to work with OSCRE," said Mark Reichardt, 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.  of the OGC. "There's a tremendous need for better information transfer among companies and agencies that buy, sell, own, occupy, inspect, appraise appraise v. to professionally evaluate the value of property including real estate, jewelry, antique furniture, securities, or in certain cases the loss of value (or cost of replacement) due to damage. , manage, design, build and protect real estate, and geospatial information is important in all these activities."

"The use of geospatial data is expanding rapidly, particularly by the private sector, since geospatial information can be used by many real estate stakeholders for site selection, appraisal, brokerage, mortgage, insurance, facility management and other professions who seek information about demographics, crime, sales comparatives, foreclosures, and natural and man-made hazards such as wildfires, hurricanes, floodplains, terrorism and hazardous materials," states OSCRE CEO Andy Fuhrman. "We expect enormous value for members of OSCRE and OGC from this working relationship."

About the Open Standards Consortium for Real Estate (OSCRE) Americas

Headquartered in Washington, D.C., OSCRE Americas, Inc. is a 501(c)(6) non-profit, voluntary, member-based standards adoption and development consortium of 52 companies. OSCRE's mission is to effectively facilitate the standards development and adoption process among all real estate stakeholders, including owners, tenants/occupants, investors, operators, tenants, developers, service providers, regulatory agencies, consulting firms, vendors and suppliers -- to benefit all stakeholders and enable the real estate industry to function more efficiently in the digital economy. Supporting member organizations of OSCRE Americas represent in excess of $3.6 Trillion in Real Estate Assets, 20.7 Billion Square Feet of Floor Space and 1,389,000 association members. For more information please visit our website at http://www.oscre.org.

About the Open Geospatial Consortium (OGC[R])

The OGC[R] is an international consortium of more than 385 companies, government agencies, research organizations, and universities participating in a consensus process to develop publicly available geospatial standards. OpenGIS[R] Standards support interoperable solutions that "geo-enable" the Web, wireless and location-based services, and mainstream IT. OGC Standards empower technology developers to make geospatial information and services The concept for collection, information extraction, storage, dissemination, and exploitation of geodetic, geomagnetic, imagery (both commercial and national source), gravimetric, aeronautical, topographic, hydrographic, littoral, cultural, and toponymic data accurately referenced to a  accessible and useful with any application that needs to be geospatially enabled. Visit the OGC website at http://www.opengeospatial.org.
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Publication:Business Wire
Date:Aug 19, 2009
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