PITTSBURGH, Dec. 1, 2016 — Geospatial Corporation (OTCQB symbol: “GSPH”) announced today that the Company has successfully completed more than 50 pipeline mapping projects under its recently introduced Quality Assurance (“QA”) Locational Integrity Management (“ILIM”) program for major oil & gas companies across the Southeastern US. Todd Porter, President of Geospatial’s Energy group based in Houston, Texas stated, “Every energy company managing pipelines realizes the critical need to maintain accurate and complete information on these pipelines including location and depth. While, as a first step, each of these initial projects are relatively small, we are now discussing the benefits of entering into long term, extensive facility mapping opportunities encompassing the mapping of large sections of underground pipelines and providing the data to the client on GeoUnderground.”
The program allows for the accurate mapping of pipelines and conduits installed via Horizontal Directional Drilling (“HDD”) or conventional trenching methods regardless of pipeline depth, type of material or soil conditions. This service addresses the need for accurate 3D Mapping of critical pipeline segments that exceed regulatory requirements and supports integrity and reliability demands. The new requirements of PHMSA regulations under the Pipes Act of 2016 affect the entire 2.4 million miles of buried gas pipelines in the USA.
In addition to the energy industry, Geospatial Corporation and its cloud-based GeoUnderground software, provides a simple, secure and economical solution to organize and manage both above ground and belowground infrastructure by the 60,000 municipalities across the US. Geospatial helps municipalities and utility companies more accurately locate and map their underground pipelines, conduits and other underground assets through a portfolio of high tech data collection devices and highly trained technicians.
About Geospatial Corporation
Geospatial Corporation utilizes integrated technologies to determine the accurate location and position of underground pipelines, conduits and other underground infrastructure data allowing Geospatial to create accurate three-dimensional (3D) digital maps and models of underground infrastructure. Our website is www.GeospatialCorporation.com. The Company manages this critical infrastructure data on its cloud-based GIS portal called GeoUnderground, our proprietary GIS platform custom designed around the Google Maps API.
Geospatial provides integrated data acquisition technologies that accurately locate and map underground and aboveground infrastructure assets such as pipelines and surface features via its GeoUnderground cloud-based portal.
About GeoUnderground
GeoUnderground, designed around the Google Maps API, is Geospatial’s cloud-based GIS platform that provides clients with a total solution to their underground and aboveground asset management needs. (www.GeoUnderground.com). Please feel free to download a free trial from this website. Geospatial is a Google Cloud Partner – Technology Track.
GeoUnderground leverages Google Maps to deliver asset management capabilities in the cloud in an economical SAAS model allowing every municipality in the country to afford to digitally manage their infrastructure. GeoUnderground is secure and simple to use with little need for massive technological changes, training or development. You just use Google Maps in a new and effective way. Now “All Cities” big or small, can afford to be “Smart Cities.”
Forward Looking Statements
This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those laws. These forward-looking statements, if any, are based upon a number of assumptions and estimates that are subject to significant uncertainties that involve known and unknown risks, many of which are beyond our control and are not guarantees of future performance. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in any such forward-looking statements and any such difference may be caused by risk factors listed from time to time in the Company’s news releases and/or its filings or as a result of other factors.
