Space Imaging Acquires Pacific Meridian Resources; Space Imaging Expands Capabilities in Visual Information Products.
DENVER--(BUSINESS WIRE)--March 27, 2000
Space Imaging announced today that it has signed an agreement to acquire Pacific Meridian Resources (Emeryville, Calif.).
The acquisition will enable Space Imaging to significantly expand its offerings of value-added, visual Earth information products to its customers and also increase Pacific Meridian's product offerings in a number of vertical market areas. Pacific Meridian will become a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of Space Imaging. The agreement was signed March 14, 2000. The terms of the agreement were not disclosed.
"Pacific Meridian Resources will provide tremendous value toward developing visual information products to meet our customers' needs," said John Copple, Space Imaging's chairman and chief executive officer. "Pacific Meridian Resources will help us expand our capabilities in product applications, analysis and decision support systems."
"This merger is a natural fit for both our companies," said Kass Green, Pacific Meridian's president. "Our experience in image classification, applications development, and Web technology will allow Space Imaging to offer complete, end-to-end information solutions. Pacific Meridian will gain access to new markets and resources, but as a wholly owned subsidiary, will continue to serve its existing clients."
Space Imaging acquired Pacific Meridian Resources, a leading value-added information company, to add the technology, tools and resources Pacific Meridian offers for value-added applications and visual information products to the product and service offerings of Space Imaging. Pacific Meridian Resources has extensive experience developing products and services for land use mapping, growth monitoring, fire modeling, change detection, toxic waste toxic waste is waste material, often in chemical form, that can cause death or injury to living creatures. It usually is the product of industry or commerce, but comes also from residential use, agriculture, the military, medical facilities, radioactive sources, and site management, pipeline siting, forestry inventorying, environmental assessment and land management.
Pacific Meridian Resources' activities in GIS and remote sensing Deriving digital models of an area on the earth. Using special cameras from airplanes or satellites, either the sun's reflections or the earth's temperature is turned into digital maps of the area. include using satellite imagery Satellite imagery consists of photographs of Earth or other planets made from artificial satellites. History
The first satellite photographs of Earth were made August 14, 1959 by the US satellite Explorer 6. and advanced image processing image processing
Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished techniques to create land use and land cover maps for a number of markets. Pacific Meridian Resources has created information-rich databases and classifications as well as geospatial software for quantitative and statistical analysis, spatial modeling, growth simulation, change detection and various GIS applications. Pacific Meridian Resources also develops customized Web interfaces for vertical markets.
Kass Green will be president of the wholly owned subsidiary, Pacific Meridian Resources, and lead the expansion of the Space Imaging value-added business.
About Pacific Meridian Resources
With its corporate headquarters in Emeryville, Calif., Pacific Meridian Resources has 70 employees located in eight different offices across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company was founded in 1988 to pioneer the use of satellite imagery, geographic information systems (GIS) integration, and remote sensing application A remote sensing application is a software application that processes remote sensing data. Remote sensing applications are similar to graphics software, but they enable generating geographic information from satellite and airborne sensor data. development. The company's services include online mapping services, software development for land use assessment and management, GIS and remote sensing services and market consulting.
About Space Imaging
Space Imaging is a leading supplier of space imagery, aerial photography, mapping services, and derivative geographic information products and services. The company launched the world's first and only one-meter resolution, commercial imaging satellite, IKONOS, on September 24, 1999. Space Imaging also collects and/or distributes Earth imagery from the Indian Remote Sensing satellites, the U.S. Landsat, Canada's RADARSAT RADARSAT Radar Satellite and the European Space Agency's ERS ERS,
n.pr See extended rotated side-bent. satellites. In addition, Space Imaging distributes imagery from the Japanese JERS JERS Japanese Earth Resources Satellite
JERS Japanese Earth Remote Sensing
JERS Joint Emergency Relocation Site imaging system archive. The company also delivers aerial-derived imagery products collected by its own Digital Airborne Imaging System (DAIS-1(TM)).