Wednesday, August 19, 2009

Geospatial Holdings, Inc. (GSPH.OB) Team Awarded Multi-Year Contract to Map Underground Utilities in the Port of Gulfport, Mississippi

Geospatial Holdings, Inc., a high-technology company that utilizes proprietary 3D sensing technologies to locate, map, perform condition assessment and detect leaks of underground pipelines, recently announced it was selected to provide underground pipeline utility location and mapping services to the Mississippi State Port Authority at Gulfport, Mississippi over a three-year period.

In 2005, when Hurricane Katrina made landfall on the Mississippi Gulf Coast, the Port of Gulfport’s electrical power supply, roads, water, sewer, rail, small craft harbor fender systems, navigational aids, lighting and security systems were all destroyed or severely damaged by the storm. As a result of this unprecedented storm, Federal aid has been allocated to the State of Mississippi to assist in recovery and rebuilding efforts.

The Mississippi State Port Authority at Gulfport has retained several firms to assist with this multi-year contract, including Mississippi Engineering Group, Inc., Geospatial Mapping Gulf Coast, LLC (a wholly-owned subsidiary of Geospatial Holdings, Inc.), and Pickering Engineers.

Mark Smith, the chief executive officer of Geospatial Holdings, stated, “This contract, which should result in as much as $3 million in revenue to Geospatial over the next three years, was awarded based strictly on corporate capabilities and is a testament to Geospatial’s technologies.” He concluded, “Our Geospatial Smart Probe Mapping Technologies and our GeoUnderground Portal provide valuable information to manage all types of critical infrastructure.”

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