Rochester, NY, USA, January 15, 2009 – Pictometry International Corp., provider of geo-referenced aerial oblique image libraries, has signed a new international technology license agreement with Chung Ang AeroSurvey, Co. Ltd, a Seoul-based aerial survey, geospatial and IT solutions company.
Under the terms of the agreement, Chung Ang AeroSurvey will utilise Pictometry’s proprietary image capture and processing technology and market image libraries in the Republic of Korea. Other terms of the agreement were not disclosed.
The new agreement expands Pictometry’s international coverage in the Asian market and makes Chung Ang AeroSurvey one of eight international technology licensees for Pictometry. Other regions of the world currently covered under similar licensing agreements with Pictometry include Europe, the Americas, Australia, Africa, Asia, the Middle East and Latin America.
“We are pleased to partner with Chung Ang AeroSurvey,” said Dante Pennacchia, Pictometry’s Chief Marketing Officer. “With this licensee agreement, more government agencies and commercial businesses around the world can use Pictometry’s technologies to better manage resources and improve operational efficiencies.”
“Pictometry has a world-class technology and we are pleased to have the opportunity to bring it to the Korean market,” added CEO and President of Chung Ang Aero Survey Sangsung Kim.