CALGARY, March 5 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company")
announces that it has initiated a process to evaluate strategic alternatives
for its LiDAR business segment, which operates under the name of Terrapoint.
Ken MacDonald, President and CEO of Pulse stated, "While Terrapoint is a world
leader in the field of LiDAR technology, our management and board have
concluded that this business is not strategic to Pulse. Our objective is to
allow Pulse to focus on its core seismic business and to find a solution for
Terrapoint that will allow it to accelerate development of its LiDAR
solutions, products and technologies on a worldwide basis."
Pulse is a Calgary-based company with two operating units: Pulse Seismic
which specializes in acquiring, marketing and licensing seismic data to the
western Canadian energy sector, and Terrapoint which focuses on acquisitions
and processing of digital elevation and image data (also referred to as LiDAR)
to diverse markets. Through these two operating units, Pulse Seismic and
Terrapoint, the Company has evolved into an industry leader providing Better
Pulse trades on the Toronto Stock Exchange under the symbol PSD.
Certain information contained herein may constitute forward-looking
statements under applicable securities laws. Such statements are subject to
known or unknown risks and uncertainties that may cause actual results to
differ materially from those anticipated or implied in the forward-looking
statements. Investors are encouraged to review the "Risk Factors" section of
the Management's Discussion and Analysis in the Company's most recent Annual
Report and interim reports for a discussion of risks that could affect the
Company's operations and financial results. Forward-looking statements are
based upon management's assumptions, expectations and estimates at the time
that such statements are made. Pulse does not update forward-looking
statements should circumstances change or management's assumptions,
expectations or estimates change, except as required by law.
For further information:
For further information: Ken MacDonald, President & C.E.O. of Pulse,
Tel.: (403) 237-5559, Toll-free: 1-877-460-5559, E-mail:
email@example.com; Please visit our website at www.pulsedatainc.com.