CALGARY (November 4, 2008) — IHS Inc. (NYSE:IHS), a leading global source of critical information and insight, today announced that is has signed a new agreement with Valtus Imagery Services to provide direct online access to Valtus’ ortho-rectified imagery via IHS and 3rd party WMS-enabled applications. This agreement is designed to meet the expanding need for more open data access in the Canadian oil and gas industry.
“IHS enjoys a unique position in the Canadian oil patch, and with our existing partnership with Valtus, it made sense to use our infrastructure and existing client base to support quick and reliable online access to the Valtus Orthophoto library,” said Sean Waite, IHS senior director global upstream data and product management. “This agreement is a winning solution for E&P companies that want open data access to numerous in-house applications.”
Valtus Orthophotos are seamless, high-resolution, 0.4 metre true color ortho-rectified images that offer a detailed topographic understanding of an area of interest directly from the desktop. Unlike other imagery providers, Valtus directly addresses the needs of oil and gas business — acquiring imagery in more remote areas and continuing to expand coverage based on drilling needs. The company’s imagery aids in play development, health and safety requirements and transportation and infrastructure issues relating to the oil and gas industry.
“We are responding to the wave of the present, where many E&P companies are looking for more open ways to purchase and use data. Data is becoming an enterprise solution that needs to be vetted through a series of in-house and third party tools to get maximum benefit,” said Tim Crago, Valtus vice president and general manager. “With this new open access distribution model, potential and existing customers can access the highest quality ortho imagery through a multitude of applications like the ESRI family of products, or any other WMS compatible application.”
For more information, please visit http://energy.ihs.com/Products/Ortho.
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About IHS (www.ihs.com)
IHS (NYSE: IHS) is a leading global source of critical information and insight, dedicated to providing the most complete and trusted data and expertise. IHS product and service solutions span four areas of information that encompass the most important concerns facing global business today: Energy, Product Lifecycle, Security and Environment. By focusing on customers first, IHS enables innovative and successful decision-making for customers ranging from governments and multinational companies to smaller companies and technical professionals in more than 180 countries. IHS has been in business since 1959 and employs approximately 3,800 people in 20 countries.
IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2008 IHS Inc. All rights reserved.
About Valtus Imagery Services
Valtus Imagery Services is a Geospatial Storage Service Provider, hosting and delivering imagery and LiDAR data from our large online library acquired through leading aerial and satellite providers. Valtus specializes in integrating our customers existing imagery holdings with our off-the-shelf library. The Valtus technology utilizes open GIS protocols to allow high-resolution aerial and satellite imagery to be stored, managed and viewed instantly through a wide range of industry standard web-mapping products and desktop applications. Valtus currently serves over 300 companies in North America.
IHS FORWARD-LOOKING STATEMENTS: This release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Such statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products, and services, and statements regarding future performance. Forward-looking statements are generally identified by the words "expect," "anticipate," "believe," "intend," "estimate," "plan" and similar expressions. Although IHS and its management believe that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties--many of which are difficult to predict and generally beyond the control of IHS--that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified by IHS from time to time in its public filings. Other than as required by applicable law, IHS does not undertake any obligation to update or revise any forward-looking information or statements. Please consult our public filings at www.sec.gov or www.ihs.com.
