Earth Search Sciences Outlines Strategic Plan for Commercialization of Proprietary Hyperspectral Data
June 19 2007 - 4:00AM
Business Wire
Earth Search Sciences, Inc. (OTCBB:ESSE) today announced its
strategic plan for commercialization of the company�s 200,000
square kilometers of archived airborne hyperspectral data. The plan
encompasses both its existing archived of airborne hyperspectral
data and new data developed as a result of its ongoing operations.
The strategy calls for Earth Search to continue to provide refined,
industry-specific data to sector demands and to separately identify
targeted value bandwidths (mineral deposits) for the company�s own
development. Earth Search is actively seeking third-party partners;
the partner would invest their funds to commercialize their
database. Ultimately, the third-party partner would provide Earth
Search a carried interest � and in some cases � net smelter
royalties that would result from their use of this information.
�Our value proposition is simple: we identify mineral deposit
bandwidths of potentially enormous market value and then market the
data to interested companies for cash and a carried interest,� said
Larry Vance, president of Earth Search. �As a matter of fact, and
to reinforce what we believe signals a very successful strategic
approach, we are currently negotiating a letter of intent to
commercialize our data. Alternatively, we have the option to simply
decide to develop them on our own.� About Earth Search Sciences �
www.earthsearch.com 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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