Richmond Hill, Ontario - December 3, 2008 - PCI Geomatics, a world leading developer of software and solutions for geospatial imaging applications announced today the acquisition of Geospace Inc., a provider of geospatial information and solutions.

Geospace Inc., based in Albuquerque , NM , is the developer of FeatureObjeX™, a user friendly stand alone software package combining interactive editing tools for sophisticated image analysis and feature extraction.

The combination of PCI Geomatics and Geospace creates a greater product offering to consumers and reinforces PCI as image centric experts within the marketplace. The acquisition will extend PCI Geomatics’ capabilities and increase the company’s client base.

“Geospace’s technology complements PCI’s. The acquisition of Geospace extends PCI’s ability to deliver compelling products to our consumers,” said Dr. Robert Moses, President and CEO of PCI Geomatics. “Our mandate is to deliver the most effective geospatial solutions to meet the constantly evolving needs of the industry.”

“This is an exciting landmark for Geospace; with PCI’s global reach and worldwide brand recognition, we are able to expand our opportunities,” said Michael Hollis, President and CEO of GeoSpace Inc. “We look forward to growing as a part of PCI Geomatics.”

Existing agreements between each company, its customers, partners and service providers will be honored.

About PCI Geomatics

PCI Geomatics is a world leading developer of software and solutions for geospatial imaging applications. For over 25 years we have specialized in remote sensing, digital photogrammetry, spatial analysis, cartographic production, automated production systems, image management and on demand mapping solutions. Our flagship software Geomatica® enables users with the necessary tools to address a wide variety of industry applications including sustainable agriculture, forestry management, wetlands, carbon management, public security, disaster management and more. PCI Geomatics technology turns images into useful information for effective decision making.
For more information, visit www.pcigeomatics.com

About Geospace

Geospace Inc., located in Albuquerque , NM develops commercial and custom geospatial information software and solutions, with an emphasis on intuitive user interfaces and variable levels of automation to enhance productivity.
For more information about Geospace Inc., visit www.geospaceinc.com


Contact:

Alysia Vetter
Marketing Manager
Tel: 819-770-0022 x 233
Fax: 819-770-0098
Email: Email Contact
Web: www.pcigeomatics.com