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SpatialNews Press Release
Vexcel Corporation and Atlantis Scientific Announce Merger
Boulder, CO-Vexcel Corporation of Boulder, Colorado and Atlantis
Scientific of Ottawa, Canada today announced that they have
completed a merger transaction between the two corporations. The
companies are pleased to combine Vexcel's 15 years of experience in
synthetic aperture radar (SAR) processing, SAR interferometry,
digital elevation model (DEM) creation, surface change mapping, and
image processing and analysis, to Atlantis' 19 years of experience
in these areas. The strategic joining of the tremendous radar
expertise of these two organizations into one, will speed the
advance of SAR processing technology and benefit the companies'
clients around the world. The financial terms of the transaction
were not disclosed.
Vexcel is today recognized internationally as a leading supplier of
remote sensing data processing systems, with special emphasis on
SAR. The company's heritage includes providing support to major
national SAR missions and initiatives, including the Shuttle Radar
Topography Mission (SRTM), Discoverer II, and LightSAR. Vexcel is
currently [continued] under exclusive contract to provide the
ground processing system for Japan's PALSAR satellite. Over the
last three years, Vexcel has been providing 3D urban mapping
services for broadband technologies in Canada. With data for 13
major Canadian cities and other U.S. and international locations
currently available, Vexcel is a leader in producing
information-rich 3D building and terrain databases for the wireless
telecommunications industry.
"With Vexcel's recent establishment of a European office and now
having a presence in the U.S. and Canada, we are going to take a
clear leadership position in SAR processing in the world," says
John Curlander, CEO of Vexcel Corporation. "This creation of an
international firm is part of Vexcel's ever-increasing growth and
leadership in the international remote sensing market."
Atlantis Scientific is an internationally recognized supplier of
software products and services focusing on synthetic aperture radar
technologies. Its EarthView? line of software is the leading commercial
desktop SAR software available in the market today and can be found in
many countries around the world. "This is a great opportunity for both
companies and our customers. Vexcel adds a tremendous amount of prestige
to the Atlantis resume. I do not know of another company that has the
depth and breadth of SAR expertise our new company brings to the
market," says Pat McConnell, President of Atlantis. "The relationship
with Vexcel will create a force that will empower the customer and
generate growth in our market."
Under the terms of the transaction, Vexcel Corporation will acquire
all of the shares of Atlantis Scientific. The Atlantis main office
and engineering facilities will remain at their current location
near Ottawa, Canada and will add Vexcel's remote sensing ground
stations and urban mapping products and services to its offerings.
The companies expect that Vexcel's financial and marketing strength
will better support the continued development and selling of
Atlantis' advanced products and services. The companies plan to
seek maximum efficiencies in their operations via a reorganization
with Vexcel CEO John Curlander as the Chairman CEO of the combined
entities. Atlantis Scientific Inc. will continue to operate as a
Canadian company incorporated under the laws of Ontario.
Vexcel Corporation of Boulder, Colorado, USA is an internationally
recognized remote sensing company. The company provides engineering
services, hardware, and software in the areas of Radar (SAR)
Technologies, Remote Sensing Ground Systems, and Aerial and
Close-Range
Photogrammetry. Vexcel was founded in 1985.
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