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NRTC Invests in GeoNav Group International |
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Written by Vector1Media
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Friday, 08 August 2008 |
PR - Today, the National Rural Telecommunications Cooperative (NRTC)
announced its investment in the GeoNav Group International, a
Geographic Information Systems (GIS) services and products firm. GeoNav
specializes in project management, GIS implementation, Quality
Assurance, and vehicle navigation and tracking products. With its
investment, NRTC has acquired on behalf of its members a 35 percent
interest in the company and two seats on its board of directors. The
investment enables the GeoNav Group to serve a wider audience and
develop geospatial technology needs for rural electric and telephone
utility markets.
Since its founding, the
GeoNav Group has provided guidance to utilities in GIS software and
hardware selection, emphasizing the "best-in-breed" solution for the
utility. The company's flexible integration and implementation makes it
an ideal choice for electric and telephone utilities.
"GeoNav is
focused on helping utilities ensure data reliability and distribute
their geospatial information throughout the utility. The investment
from NRTC goes directly towards GIS innovation for utilities," said
Erik Potter, vice president of GIS services. "GeoNav has always
operated in a fiscally responsible way, so this additional capital
allows us to expand our ability to support the rural utility market and
build new geospatial technology," said Guner Gardenhire, president of
GeoNav.
"GIS data is growing in
importance for our utility members," said Bob Phillips, NRTC president
and chief executive officer. He continued, NRTC has been advocating use
of GIS for several years; GeoNav can give turn-by-turn directions to
each and every utility asset, effectively eliminating the gas and time
that now is so often wasted. But this isn't the only value of GIS to
utilities. With this investment, NRTC will be working with GeoNav to
promote integration of GIS data with other utility tools to improve
operating efficiency."
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Vector1Media |
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