US: Pictometry International has signed an international technology license agreement with Chinese remote sensing provider, Peace Map Corporation, to license its metric aerial imagery technology and business model.
The new agreement expands Pictometry’s international coverage in the Chinese market and makes Peace Map one of Pictometry’s nine distinguished international technology licensees. Other regions of the world currently covered under similar licensing agreements with Pictometry include Europe, the Americas, Australia, Africa, Asia, and Middle East.
“With this agreement it is now possible for Pictometry’s metric oblique imagery, enterprise and web-based software, and derivative data products including Real 3D to be created for China,” said Robert Carroll, President, Pictometry International’s International Division
Under the terms of the agreement, Pictometry provides its proprietary metric aerial image capture and processing technology and Peace Map will utilize the technology to create and market Pictometry imagery within China. Additional terms of the agreement were not disclosed.