Ambercore and QMENA Sign Strategic Licensing Agreement
Ottawa, Canada, Tuesday, June 2, 2009 – The MENA region continues to be the key energy provider to the entire world. Within MENA, the Gulf States (UAE, Bahrain, Kuwait, Saudi Arabia, Iran, Iraq, Qatar, and Oman) are the heart of the Oil & Gas industry and also have a vibrant public and private infrastructure investment climate.
Ambercore, the 4D Company, and Quorum MENA Limited (QMENA) have announced the signing of a strategic agreement for delivering Ambercore’s technologies and services to the Middle East North Africa (MENA) region. This agreement lays the foundation for Ambercore’s launch into this dynamic market.
Energy companies are always seeking enhanced profitability though best in class performance and disciplined cost control. The market demand for hydrocarbons is subject to fluctuations. Disciplined companies invest in effectiveness when price levels are lower to ensure improved margins during these off cycles. Some of the target investment areas to achieve increased margins are: performance improvement, financial effectiveness, and operational effectiveness. Effective planning, control and utilization of enterprise assets is one key component that both QMENA and Ambercore have made as their focus. Ambercore’s technologies and services help Energy companies achieve best in-class performance.
“QMENA has a strong team and network with history in working with National Oil Companies (NOC) in the Middle East,” says Miles Walker, CEO of QMENA. “The efficient and effective management of the NOC infrastructure and the information about assets on and below the land and sea is required for effective economic, social and environmental development.”
“In those subject areas where QMENA and Ambercore specialize, Ambercore will, through QMENA, provide proactive strategic advice to assist a NOC client achieve their operational objectives and improved margins,” said Martin Sendyk, President & CEO of Ambercore.
About QMENA
QMENA was established by the Quorum Oil and Gas Technology Fund Ltd (Q-OGT) to provide alliance companies with a vehicle to license and deliver their technologies and solutions to the oil and gas industry in the Middle East and North Africa (“MENA”) region. QMENA is headquartered in Dubai and is establishing a network of country partners throughout the (“MENA”) region. The company has been structured to become a regional oil and gas services company that adds value across the entire oil and gas reservoirs lifecycle. QMENA will deliver Ambercore’s capabilities to augment the company’s solutions for the Oil & Gas industry and National Infrastructure industries.
About Ambercore
Ambercore is the 4D Company. We make innovative mobile LiDAR technology, we provide LiDAR data collection services, and integrate and extract knowledge from 4D data. TITAN® is a revolutionary technology that produces high accuracy survey and mapping products for corridor and infrastructure projects across a number of vertical markets. Travelling at highway speeds – or on rail or vessel – the system uses state-of-the-art LiDAR, imaging and positioning technology to provide feature rich 3-dimensional data, from which intelligent information is extracted and delivered to clients. TITAN® has been deployed on projects throughout the world since 2003.
Ambercore’s Terrapoint Division has provided LiDAR and other digital mapping services for a diverse clientele in over forty countries for the past twenty years. Terrapoint’s primary focus is to find solutions that fit client needs, and to continue a reputation for meeting and exceeding client demands in the delivery of digital elevation and image data. Service and product offerings include complete airborne LiDAR, and digital imaging for engineering, survey and mapping applications. Terrapoint is considered a leader in aerial LiDAR services, and owns one of the largest fleets of sensors in the world.
Ambercore’s 4D-iQ provides enterprise-scale software and service solutions for Energy, Mining and natural resource sectors. With its powerful spatial modeling and simulation software, 4D-iQ helps clients make important business decisions by collecting, integrating and analyzing spatial information in 2D, 3D and in 4D (over time). Best of breed solutions comprised of software, hardware and services have been deployed internationally with tier-one clients. Ambercore is headquartered in Ottawa, Canada with offices in Houston, Calgary, South Africa and Europe.
Ambercore, Terrapoint, TITAN, and 4D-iQ are registered trademarks or trademarks of Ambercore Software Inc., and/or its subsidiaries and/or affiliates, in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders. Ambercore reserves the right to alter product offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.
Press Information:
Samantha Mabey, Ambercore
Tel.: 613-820-4545
E-mail (press only): press@ambercore.com
General Information: contact.us@ambercore.com
Please visit our website at www.ambercore.com
