Earth Search Sciences Announces Results of Independent Economic Study
April 17 2007 - 7:00AM
Business Wire
Earth Search Sciences, Inc. (OTCBB:ESSE), a leading commercial
provider of revolutionary hyperspectral remote sensing technology,
today announced the completion of an independent economic study
showing the hyperspectral market potential to be approximately $1
billion. Dr. Joe Zamudio, a leading hyperspectral technology
scientist, said Intellisense, Inc. found that PROBE 3 � the new
third generation instrument design � is likely to surpass its
leading edge predecessor PROBE 1 in all operating characteristics,
including resolution, survey efficiency, data reliability, and
substantial signal-to-noise reduction. Both designs were developed
and are owned by Earth Search Sciences. According to Larry F.
Vance, Chairman, the PROBE 3 allows the company to move forward
with the next stage of its strategic business plan. �A key
component of our strategy will be to focus our technology on the
exploration, discovery and development of economic resources to
build shareholder value," said Vance. �We believe the PROBE 3 will
allow Earth Search to compete with anyone in the market. As a
result, and as this economic study indicates, we believe we now
have the potential to achieve increased market share and the
ability to develop our own discoveries in the oil, gas and mineral
resource sector, ultimately building shareholder value.� About
Earth Search Sciences Earth Search Sciences, Inc.�s (OTCBB:ESSE)
revolutionary hyperspectral technology provides the ability to
accurately read the chemical properties of surface substances from
great altitudes and produce easily interpreted maps allowing the
user to identify specific minerals and substances on the surface of
the earth by their diagnostic reflectance patterns. Ultimately,
this remote sensing capability�identifies a greater number of
exploration targets quickly and economically, monitors the
environmental situation, and improves the probability of finding
anomalies. Older, more conventional methods would take�decades to
cover the same area, and at a much greater cost. Within the realm
of exploration, remote sensing does not replace the need for
geological knowledge, geochemistry, geophysics, seismic, drilling,
etc, which are some of the more conventional tools used for
exploration. This news release includes forward-looking statements
that involve a number of risks and uncertainties. The information
reflects numerous assumptions as to industry performance, general
business and economic conditions, regulatory and legal
requirements, taxes and other matters, many of which are beyond the
control of the company. Similarly, this information assumes certain
future business decisions that are subject to change. There can be
no assurance that the results predicted here will be realized.
Actual results may vary from those represented, and those
variations may be material.
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