Geospatial Corporation Positioned to Capitalize on Growing
Demand to Accurately Map and Manage the Countrys Outdated
Underground Infrastructure
Pittsburgh PA -- December 13, 2016 -- InvestorsHub NewsWire
-- Geospatial Corporation (OTCQB Symbol GSPH) is positioned to
capitalize on the growing demand to locate, map and manage the
millions of miles of buried energy, water, telecom and electrical
pipelines and conduits across the USA.
In the last 12 months we have embarked on an aggressive launch
of our new Data Acquisition Model and our cloud-based GIS platform,
GeoUnderground. With GeoUnderground we provide proprietary software
built on Google Maps to create and manage digitized renderings of
underground pipelines and other infrastructure.
We are proud of the hard work and resources we put into the
development of GeoUnderground in 2015 and Geospatial being accepted
as a Google Cloud Partner - Technology Track. As one of the first
Technology Track partners, Geospatial will be provided substantial
access to Googles marketing and technical capabilities. In 2016 we
enjoyed tremendous traction with our total solution by providing
GeoUnderground to all of our underground mapping clients. We have
developed great testimonials and we are building excellent use
cases for our upcoming marketing with Google.
As we close out 2016 with solid record revenue growth, we look
forward to 2017 and the increased focus on the nations pipelines
and other underground infrastructure. We will continue to build on
our model of providing high quality 3d underground infrastructure
data to our multiple verticals and growing list of customers, add
to our technology and service partners while we continue to add to
GeoUnderground functionality, including the release of our API to
further our clients ability to manage their most accurate and
actionable data from the field.
With the growing awareness of infrastructure needs in the US, it
has brought to light all the challenges of managing our underground
infrastructure. Geospatial Corporation is proud of the work we do
to make our customers more knowledgeable about their assets,
provide a layer of safety, while decreasing their cap-ex spends and
saving them money well into the future.
The majority of our revenue in 2016 was derived from mapping the
oil & gas transmission and distribution markets, however we see
growth in all other infrastructure markets also. State Local and
Education (SLED) markets are under increased pressure to manage
their underground infrastructure due to the global proliferation of
SMART Cities, growing health & safety concerns and the rapidly
changing technologies bringing us autonomous driving vehicles and
soon, autonomous excavators and other construction &
maintenance advances.
There are 60,000 Municipalities and 5,300 colleges and
universities throughout the US. Very few, if any, have an accurate
map of their underground assets. We believe strongly this is a
nearly untapped market opportunity that will be best served through
Cloud offerings such as GeoUnderground.
The future looks bright for the vertical markets we serve. Our
underground infrastructure is the only unmapped part of the world
we live in.
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.
Mark Smith/CEO
Geospatial Corporation
Mark.Smith@GeospatialCorp.com
www.GeospatialCorporation.com
www.GeoUnderground.com
O 724-353-3400
