TeraVista Systems Partners with The Institute for Technology Development and University Illinois Chicago, Energy Resources Center
SAINT LOUIS, Missouri - September 22, 2008 - TeraVista Systems announced this week that it will be working closely with The Institute for Technology Development (ITD) and The University Illinois Chicago, Energy Resources Center (ERC) in a joint research project. The project will concentrate on conducting geospatial analysis for carbon offsets. The research will help TeraVista analyze and validate carbon offsets for agricultural land based credits. Both research projects will help the ITD and ERC in their pursuit for geospatial analysis as well as TeraVista’s product development.
The Institute for Technology Development public-private partnerships are created to drive the research and commercial objectives of this work. ITD personnel apply cutting edge and creative image analysis techniques to extract knowledge from imagery that can support a decision about a target contained in the image. ITD has a 22 year proven track record for converting its applied research results into commercial products or services.
###
About TeraVista Systems Holdings, Inc.
TeraVista Systems Holdings, Inc.™ is a provider of on-demand environmental commodities management applications for brokers, verifiers, aggregators and offset providers. Our ClimateSuite™ application is designed to help companies work faster and more efficient by automating and streamlining the complex processes in the climate commodities trading space. Our services include portfolio management across all communication channels that include: project enrollment, verification, registration, and aggregation that result in tradable commodities. The company provides stand alone automated verification services that increase the integrity of carbon offset credits, while reducing the cost and increasing verified tons. To find out more about these market leading services, please visit www.tera-vista.com or contact Brian Morse, VP of Business Development at brian.morse@tera-vista.com.
About Institute for Technology Development (ITD)
The Institute for Technology Development is a not-for-profit company that develops applications of satellite, airborne, field or laboratory imagery. Airborne and ground imagery includes our patented hyperspectral and multispectral sensors. Expertise focuses on extracting knowledge from imagery to satisfy a need and then packaging it as a solution and/or a product. www.iftd.org.
About the University Illinois Chicago, Energy Resources Center (ERC)
The Energy Resources Center is an interdisciplinary public service, research, and special projects organization dedicated to improving energy efficiency and the environment. Based out of the College of Engineering at the University of Illinois at Chicago, the ERC was established in 1973 by the Board of Trustees as an approved Illinois Board of Higher Education center. The ERC’s stated mandate is to conduct studies in the fields of energy and the environment and to provide industry, utilities, government agencies and the public with assistance, information, and advice on new technologies, public policy, and professional development training. www.erc.uic.edu.