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Space Imaging Acquires Pacific Meridian Resources; Space Imaging Expands Capabilities in Visual Information Products.

Business Editors

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 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 site management, pipeline siting, forestry inventorying, environmental assessment and land management.

Pacific Meridian Resources' activities in GIS and remote sensing include using satellite imagery and advanced image processing 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. The company was founded in 1988 to pioneer the use of satellite imagery, geographic information systems (GIS) integration, and remote sensing application 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 and the European Space Agency's ERS satellites. In addition, Space Imaging distributes imagery from the Japanese JERS imaging system archive. The company also delivers aerial-derived imagery products collected by its own Digital Airborne Imaging System (DAIS-1(TM)).
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Publication:Business Wire
Date:Mar 27, 2000
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