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“The first African Real Estate & Infrastructure Summit in Cape Town provided an innovative space for leading built environment professionals to engage with experts, projects, investors and practitioners from all over the continent. We are confident that the summit will grow to become the leading meeting point of the real estate and infrastructure industries in Africa." This is according to Tim Harris, CEO of Wesgro, who was a speaker and session facilitator at the summit. Cape Town, South Africa, November 25, 2016 --( More than 300 sector experts gathered for the inaugural two-day summit earlier this month with interactive sessions that focused on key case studies of visionary city planning, investment opportunities in the commercial and residential real estate sectors across the continent, the African city of the future and the challenges of urbanisation. Innovative development projects from Cape Town, Johannesburg, Addis Ababa, Kigali, Lusaka, Kampala and the Taparura project in Tunisia were showcased. A key finding of the conference was that Africa’s cities are facing an urban ‘polycrisis’ and that there is a need for a new urban agenda and an opportunity for innovative solutions to address urbanisation challenges. Expert speaker highlights at the African Real Estate & Infrastructure Summit included: “Africa is on the brink of great change. It is the fastest urbanising region in the world, with around 400 million people expected to migrate from rural areas to cities by 2050. As more and more people move to our cities in search of a better life, it is critical that we provide effective and sustainable infrastructure to meet their needs.” - Alderman Ian Neilson, City of Cape Town’s Executive Deputy Mayor “New forms of urban planning in African cities seem to be dedicated to transforming them into replicas of Dubai, Shanghai and Singapore. The main challenge of the real estate sector on the continent currently is to find approaches to real estate development which are not only for the wealthy, and which find architectural and planning approaches which are not simplistic ‘cut and pastes’ of cities elsewhere in the world.” - Prof Vanessa Watson, of the School of Architecture, Planning and Geomatics, University of Cape Town “The Voortrekker Road Corridor offers a unique opportunity to invest in the urban core of Cape Town in one of its most important transit-oriented development corridors, taking advantage of the central location and extensive public transport infrastructure.” – Councillor Johan van der Merwe, the City of Cape Town’s Mayoral Committee Member for Energy, Environmental and Spatial Planning. “Arup recently completed a transit orientated development masterplan for the light rail transit system in Addis Ababa, Ethiopia. The project focused on realising the economic potential of the key stations along the light rail system; while regenerating the city, thereby making use of hard infrastructure systems to unlock multiple gains that improve the social and economic prosperity of citizens.” - Nico Venter, Associate Director at Arup’s Johannesburg Office, responsible for the Urban Design and Cities Business in South Africa. “We passionately believe that Africa is a continent of opportunity. With improving economies, rising populations, rapid rates of urbanisation and burgeoning middle classes, some African cities are expected to grow between 70-100% in the next 15 years.” - Mr Jean-Pierre Elong Mbassi, Secretary General of the United Cities and Local Governments of Africa (UCLGA) – patron of the African Real Estate & Infrastructure Summit. More key findings that emerged during the African Real Estate & Infrastructure Summit included: - African countries need to adopt new development models designed to take advantage of urbanisation by facilitating structural transformation, creating jobs and addressing social inequality and poverty, while creating sustainable human settlements with equal opportunity for all. - The future of Africa is at stake and the future of Africa will be more and more linked to how cities are managed and the way they choose to contribute to African unity. - Careful, complex, thorough administrative management and pro-poor urban development will turn African cities into world-class cities, not design plans based on fantasy Dubai-esque city makeovers. Major infrastructure and building projects and opportunities on the continent featured at the African Real Estate & Infrastructure Summit included: - Cape Town’s Voortrekker Corridor Road Integration Zone Strategy and Investment Plan - Joburg’s Corridors of Freedom for a people-centred city - Kimisange, Kicukiro 237 and Kicukiro 968 in Kigali, Rwanda - Transit Oriented Development in Addis Ababa, Ethiopia - The PDGML – General Master Plan for Luanda, Angola - Comprehensive Urban Development Plan (CUDP) for the City of Lusaka, Zambia - Kampala Physical Development Plan, Uganda - PARURA SFAX – The Master Plan for Taparura Project, Tunisia Cape Town, South Africa, November 25, 2016 --( PR.com )-- “The first African Real Estate & Infrastructure Summit in Cape Town provided an innovative space for leading built environment professionals to engage with experts, projects, investors and practitioners from all over the continent. We are confident that the summit will grow to become the leading meeting point of the real estate and infrastructure industries in Africa." This is according to Tim Harris, CEO of Wesgro, who was a speaker and session facilitator at the summit.More than 300 sector experts gathered for the inaugural two-day summit earlier this month with interactive sessions that focused on key case studies of visionary city planning, investment opportunities in the commercial and residential real estate sectors across the continent, the African city of the future and the challenges of urbanisation. Innovative development projects from Cape Town, Johannesburg, Addis Ababa, Kigali, Lusaka, Kampala and the Taparura project in Tunisia were showcased.A key finding of the conference was that Africa’s cities are facing an urban ‘polycrisis’ and that there is a need for a new urban agenda and an opportunity for innovative solutions to address urbanisation challenges.Expert speaker highlights at the African Real Estate & Infrastructure Summit included:“Africa is on the brink of great change. It is the fastest urbanising region in the world, with around 400 million people expected to migrate from rural areas to cities by 2050. As more and more people move to our cities in search of a better life, it is critical that we provide effective and sustainable infrastructure to meet their needs.”- Alderman Ian Neilson, City of Cape Town’s Executive Deputy Mayor“New forms of urban planning in African cities seem to be dedicated to transforming them into replicas of Dubai, Shanghai and Singapore. The main challenge of the real estate sector on the continent currently is to find approaches to real estate development which are not only for the wealthy, and which find architectural and planning approaches which are not simplistic ‘cut and pastes’ of cities elsewhere in the world.”- Prof Vanessa Watson, of the School of Architecture, Planning and Geomatics, University of Cape Town“The Voortrekker Road Corridor offers a unique opportunity to invest in the urban core of Cape Town in one of its most important transit-oriented development corridors, taking advantage of the central location and extensive public transport infrastructure.”– Councillor Johan van der Merwe, the City of Cape Town’s Mayoral Committee Member for Energy, Environmental and Spatial Planning.“Arup recently completed a transit orientated development masterplan for the light rail transit system in Addis Ababa, Ethiopia. The project focused on realising the economic potential of the key stations along the light rail system; while regenerating the city, thereby making use of hard infrastructure systems to unlock multiple gains that improve the social and economic prosperity of citizens.”- Nico Venter, Associate Director at Arup’s Johannesburg Office, responsible for the Urban Design and Cities Business in South Africa.“We passionately believe that Africa is a continent of opportunity. With improving economies, rising populations, rapid rates of urbanisation and burgeoning middle classes, some African cities are expected to grow between 70-100% in the next 15 years.”- Mr Jean-Pierre Elong Mbassi, Secretary General of the United Cities and Local Governments of Africa (UCLGA) – patron of the African Real Estate & Infrastructure Summit.More key findings that emerged during the African Real Estate & Infrastructure Summit included:- African countries need to adopt new development models designed to takeadvantage of urbanisation by facilitating structural transformation, creating jobs and addressing social inequality and poverty, while creating sustainable human settlements with equal opportunity for all.- The future of Africa is at stake and the future of Africa will be more and more linked to how cities are managed and the way they choose to contribute to African unity.- Careful, complex, thorough administrative management and pro-poor urban development will turn African cities into world-class cities, not design plans based on fantasy Dubai-esque city makeovers.Major infrastructure and building projects and opportunities on the continent featured at the African Real Estate & Infrastructure Summit included:- Cape Town’s Voortrekker Corridor Road Integration Zone Strategy and Investment Plan- Joburg’s Corridors of Freedom for a people-centred city- Kimisange, Kicukiro 237 and Kicukiro 968 in Kigali, Rwanda- Transit Oriented Development in Addis Ababa, Ethiopia- The PDGML – General Master Plan for Luanda, Angola- Comprehensive Urban Development Plan (CUDP) for the City of Lusaka, Zambia- Kampala Physical Development Plan, Uganda- PARURA SFAX – The Master Plan for Taparura Project, Tunisia Click here to view the list of recent Press Releases from African Real Estate & Infrastructure Summit


News Article | February 17, 2017
Site: www.eurekalert.org

Boulder, Colo., USA - In bitter cold regions like northwestern Canada, permafrost has preserved relict ground-ice and vast glacial sedimentary stores in a quasi-stable state. These landscapes therefore retain a high potential for climate-driven transformation. In their open-access GEOLOGY article published online on 7 Feb. 2017, Steven Kokelj of the Northwest Territories Geological Survey and colleagues write that climate-driven renewal of deglaciation and potential postglacial permafrost landscape evolution has major implications for predicting the nature and trajectories of northern landscape change and the cascade of downstream impacts. They show that mapping across 1.27 million square kilometers of northwestern Canada points to large thaw-induced slope disturbances (thaw slumps) that delineate the margins of former ice sheets. Recent intensification of this thaw slumping has mobilized primary glacial sediments, triggering a cascade of fluvial, lacustrine, and coastal effects. Authors: Steven V. Kokelj, Northwest Territories Geological Survey, Government of Northwest Territories (GNWT), Box 1320, Yellowknife, Northwest Territories X1A 2L9, Canada; Trevor C. Lantz, School of Environmental Studies, University of Victoria, Box 1700, Victoria, British Columbia V8W 2Y2, Canada; Jon Tunnicliffe, School of Environment, University of Auckland, Bag 92019, Auckland 1142, New Zealand; Rebecca Segal, School of Environmental Studies, University of Victoria, Box 1700, Victoria, British Columbia V8W 2Y2, Canada; and Denis Lacelle, Department of Geography, Environment and Geomatics, University of Ottawa, 60 University, Ottawa, Ontario K1N 6N5, Canada GEOLOGY articles recently published ahead of print are online at http://geology. . All GEOLOGY articles are online http://geology. . Representatives of the media may obtain complimentary articles by contacting Kea Giles at the e-mail address above. Please discuss articles of interest with the authors before publishing stories on their work, and please make reference to GEOLOGY in articles published. Non-media requests for articles may be directed to GSA Sales and Service, gsaservice@geosociety.org.


News Article | December 14, 2016
Site: www.eurekalert.org

Whether it's planes, trains or automobiles, the nation's transportation systems are growing rapidly and present a number of challenges related to safety as well as sustainability. Florida Atlantic University will receive $1.4 million per year from the United States Department of Transportation (USDOT), for five years, for its Freight Mobility Research Institute, housed in the Department of Civil, Environmental and Geomatics Engineering within FAU's College of Engineering and Computer Science. A combined match from the state and private sectors will bring the award to more than $10 million in total. Funds from this award will help to address critical issues affecting the planning, design, operation, and safety of the nation's intermodal freight transportation system, in order to improve freight mobility through information technology, freight network modeling and operations, intermodal logistics, as well as freight and supply chain sustainability. More than 200 proposals were submitted to the USDOT, and only 20 institutions were selected for funding and designation as a Tier 1 University Transportation Center. "Florida Atlantic University is at the forefront of pioneering transportation research and we are honored that our Freight Mobility Research Institute was selected by the United States Department of Transportation as a university transportation center," said FAU President John Kelly. "We extend our deepest gratitude to state representatives Lois Frankel and Ted Deutch for their commitment to the future of transportation in Florida and our nation, and for their unwavering support and vision, which helped us to secure this funding." The primary goal of the Freight Mobility Research Institute is to help strengthen the nation's economic competitiveness. FAU will lead a consortium of experts from leading universities across the nation who have expertise in freight transportation, network modeling, sustainability, and intelligent transportation systems. The institute will help to promote smart cities, improve multimodal connections, system integration and security, data modeling, and analytical tools to optimize freight movements that improve efficiency. The institute also will have a significant educational impact through integrated education and outreach components. "Efficient and safe freight movement is inextricably linked to the economic vitality of a local area, state, region and even beyond," said Evangelos I. Kaisar, Ph.D., director and principal investigator of the Freight Mobility Research Institute, an associate professor in FAU's Department of Civil, Environmental and Geomatics Engineering, and director of the Multimodal Intelligent Transportation Systems Laboratory. "We are motivated to embrace innovative research projects, to train current and future transportation leaders and workforce, and to engage with industry to enhance collaboration between agencies." Members of the Freight Mobility Research Institute are FAU (lead); University of Florida; University of Minnesota (Minneapolis); Portland State University; Hampton University; University of Memphis, and Texas A&M University (College Station). In addition, FAU will receive $1.5 million in total for the next five years from the USDOT to co-direct the Collaborative Sciences Center for Road Safety, a National University Transportation Center housed at the University of North Carolina, Chapel Hill. This is one of five national centers with the aim to reduce injuries and fatalities on the nation's roads by providing a new model for understanding and addressing traffic safety issues. "We are very excited to join forces with the University of North Carolina, Chapel Hill and our partner universities to work collaboratively to address and improve road safety issues that impact millions of drivers throughout our country," said Eric Dumbaugh, Ph.D., associate director of the Collaborative Sciences Center for Road Safety, and an associate professor in FAU's School of Urban and Regional Planning within FAU's College for Design and Social Inquiry. Researchers from FAU's College for Design and Social Inquiry will work with the University of North Carolina, Chapel Hill; Duke University; the University of California, Berkeley; and the University of Tennessee, Knoxville on transportation research, planning, public health, data science and engineering programs related to the Collaborative Sciences Center for Road Safety. "The establishment of these new designated centers will help to foster novel ideas that will lead and influence the future of transportation safety in the United States through multidisciplinary research, education, collaboration, and technology transfer activities," said Daniel C. Flynn, Ph.D., FAU's vice president for research. About FAU's College of Engineering and Computer Science: Florida Atlantic University's College of Engineering and Computer Science is committed to providing accessible and responsive programs of education and research recognized nationally for their high quality. Course offerings are presented on-campus, off-campus, and through distance learning in bioengineering, civil engineering, computer engineering, computer science, electrical engineering, environmental engineering, geomatics engineering, mechanical engineering and ocean engineering. For more information about the college, please visit eng.fau.edu. Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University, with an annual economic impact of $6.3 billion, serves more than 30,000 undergraduate and graduate students at sites throughout its six-county service region in southeast Florida. FAU's world-class teaching and research faculty serves students through 10 colleges: the Dorothy F. Schmidt College of Arts and Letters, the College of Business, the College for Design and Social Inquiry, the College of Education, the College of Engineering and Computer Science, the Graduate College, the Harriet L. Wilkes Honors College, the Charles E. Schmidt College of Medicine, the Christine E. Lynn College of Nursing and the Charles E. Schmidt College of Science. FAU is ranked as a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. The University is placing special focus on the rapid development of critical areas that form the basis of its strategic plan: Healthy aging, biotech, coastal and marine issues, neuroscience, regenerative medicine, informatics, lifespan and the environment. These areas provide opportunities for faculty and students to build upon FAU's existing strengths in research and scholarship. For more information, visit http://www. .


The City of Cape Town will present its Voortrekker Road Corridor: Strategy and Investment Plan at the upcoming African Real Estate & Infrastructure Summit at the Mother City’s CTICC from 2-3 November. Cape Town, South Africa, October 29, 2016 --( The presentation, which is open to industry professionals, forms part of an exciting line-up of high-level representatives from leading African cities, including Cape Town, Johannesburg, Nairobi, Dar es Salaam, Lusaka and Kampala, who will showcase the investment and development opportunities offered by their cities’ Urban Development Plans or specific major infrastructure projects. “The City has spent in excess of R300-million on infrastructure investments,” says Councillor van der Merwe, “which are directly serving the corridor and significantly more on bulk infrastructure that contributes towards the corridor. One of the key infrastructure investments that we are making is providing financing to PRASA to undertake a study to develop a plan of improvements/upgrades to this important rail corridor.” He foresees the main challenges to be “urban management, which includes crime, grime and maintenance, which is a key issue within the corridor. Solving this challenge is key to attracting investors to the area. We see the solution to this challenge emanating from the continuation and further development of partnerships between the City, the Greater Tygerberg Partnership, city improvement districts, land owners, business operators, civic organisations and residents. In addition to this partnership approach, we are working with the City improvement districts and the Greater Tygerberg Partnership to provide additional services in key locations.” African city of the future More headline speakers at the African Real Estate & Infrastructure Summit that will also focus on key case studies of visionary city planning, investment opportunities in the commercial and residential real estate sector, the African city of the future and the challenges of urbanisation are: - Tim Harris, CEO, WESGRO - Jean Pierre Elong Mbassi, Secretary General, UCLG-A* - Lord Mayor, Hon. Isaya Mwita Charles, Dar es Salaam - Lekwalo Mosienyane, Director, Business Botswana - Mokena Makeka, Founder & Principal, Makeka Design Lab, South Africa - Kecia Rust, Director & Founder, Centre for Affordable Housing Finance in Africa / Secretariat to the African Union for Housing Finance, UN-Habitat, South Africa - Amine Turki, Secretary General, Africa Union of Architects, Tunisia - Professor Vanessa Watson, School of Architecture, Planning and Geomatics, University of Cape *UCLG-A: United Cities and Local Governments of Africa The African Real Estate & Infrastructure Summit will gather the full spectrum of the continent’s real estate sector and will assist African cities and governments to secure international investment for commercial real estate development and infrastructure projects that will contribute to Urban Development Plans (UDPs). The African Real Estate & Infrastructure Summit is organised by Spintelligent, leading Cape Town-based trade exhibition and conference organiser, and the African office of Clarion Events Ltd, based in the UK. Spintelligent is well known for organising exhibitions and conferences across the continent in the infrastructure, energy, mining, agriculture and education sectors. Longstanding flagship events by Spintelligent include African Utility Week, East African Power Industry Convention (EAPIC), West African Power Industry Convention (WAPIC), Agritech Expo, DRC Mining Week and EduWeek. UCLG Africa The UCLG Africa is the patron of the upcoming African Real Estate & Infrastructure Summit in Cape Town. The UCLG AFRICA is the umbrella organisation and the united voice and representative of local government in Africa. It is an institution that gathers 40 national associations of local governments from all regions of Africa as well as the 2000 cities that have more than 100.000 inhabitants. Therefore UCLG AFRICA represents nearly 350 million Africans citizens. Dates for African Real Estate & Infrastructure Summit 2016: Showcase and conference: 2-3 November 2016 Opening session: 09h00, 2 November, 2016 Location: CTICC, Cape Town, South Africa Cape Town, South Africa, October 29, 2016 --( PR.com )-- “The Voortrekker Road Corridor offers a unique opportunity to invest in the urban core of Cape Town in one of its most important transit-oriented development corridors, taking advantage of the central location and extensive public transport infrastructure.” – this is according to Councillor Johan van der Merwe, the City of Cape Town’s Mayoral Committee Member for Energy, Environmental and Spatial Planning. The City of Cape Town will present its Voortrekker Road Corridor: Strategy and Investment Plan at the upcoming African Real Estate & Infrastructure Summit at the Mother City’s CTICC from 2-3 November.The presentation, which is open to industry professionals, forms part of an exciting line-up of high-level representatives from leading African cities, including Cape Town, Johannesburg, Nairobi, Dar es Salaam, Lusaka and Kampala, who will showcase the investment and development opportunities offered by their cities’ Urban Development Plans or specific major infrastructure projects.“The City has spent in excess of R300-million on infrastructure investments,” says Councillor van der Merwe, “which are directly serving the corridor and significantly more on bulk infrastructure that contributes towards the corridor. One of the key infrastructure investments that we are making is providing financing to PRASA to undertake a study to develop a plan of improvements/upgrades to this important rail corridor.”He foresees the main challenges to be “urban management, which includes crime, grime and maintenance, which is a key issue within the corridor. Solving this challenge is key to attracting investors to the area. We see the solution to this challenge emanating from the continuation and further development of partnerships between the City, the Greater Tygerberg Partnership, city improvement districts, land owners, business operators, civic organisations and residents. In addition to this partnership approach, we are working with the City improvement districts and the Greater Tygerberg Partnership to provide additional services in key locations.”African city of the futureMore headline speakers at the African Real Estate & Infrastructure Summit that will also focus on key case studies of visionary city planning, investment opportunities in the commercial and residential real estate sector, the African city of the future and the challenges of urbanisation are:- Tim Harris, CEO, WESGRO- Jean Pierre Elong Mbassi, Secretary General, UCLG-A*- Lord Mayor, Hon. Isaya Mwita Charles, Dar es Salaam- Lekwalo Mosienyane, Director, Business Botswana- Mokena Makeka, Founder & Principal, Makeka Design Lab, South Africa- Kecia Rust, Director & Founder, Centre for Affordable Housing Finance in Africa / Secretariat to the African Union for Housing Finance, UN-Habitat, South Africa- Amine Turki, Secretary General, Africa Union of Architects, Tunisia- Professor Vanessa Watson, School of Architecture, Planning and Geomatics, University of Cape*UCLG-A: United Cities and Local Governments of AfricaThe African Real Estate & Infrastructure Summit will gather the full spectrum of the continent’s real estate sector and will assist African cities and governments to secure international investment for commercial real estate development and infrastructure projects that will contribute to Urban Development Plans (UDPs).The African Real Estate & Infrastructure Summit is organised by Spintelligent, leading Cape Town-based trade exhibition and conference organiser, and the African office of Clarion Events Ltd, based in the UK.Spintelligent is well known for organising exhibitions and conferences across the continent in the infrastructure, energy, mining, agriculture and education sectors. Longstanding flagship events by Spintelligent include African Utility Week, East African Power Industry Convention (EAPIC), West African Power Industry Convention (WAPIC), Agritech Expo, DRC Mining Week and EduWeek.UCLG AfricaThe UCLG Africa is the patron of the upcoming African Real Estate & Infrastructure Summit in Cape Town. The UCLG AFRICA is the umbrella organisation and the united voice and representative of local government in Africa. It is an institution that gathers 40 national associations of local governments from all regions of Africa as well as the 2000 cities that have more than 100.000 inhabitants. Therefore UCLG AFRICA represents nearly 350 million Africans citizens.Dates for African Real Estate & Infrastructure Summit 2016:Showcase and conference: 2-3 November 2016Opening session: 09h00, 2 November, 2016Location: CTICC, Cape Town, South Africa Click here to view the list of recent Press Releases from African Real Estate & Infrastructure Summit


EDMONTON, AB--(Marketwired - October 27, 2016) - TEC Edmonton announced today its acceptance of two additional early-stage information technology companies to its T-Squared Accelerator program. SensorUp, founded by Dr. Steve Liang, Associate professor of Geomatics Engineering at the University of Calgary, provides an open standard platform for connectivity to and between Internet of Things (IoT) devices, data, and analytics over the Web. "We are excited that SensorUp has been chosen to join the T-Squared Accelerator. More importantly, it's great to know that TEC Edmonton and TELUS share the same vision for SensorUp, which is building the Internet of Things with open standards," says Steve Liang, Founder and CEO of SensorUp. "I'm confident that this partnership will pave a quick path for our growth and establish SensorUp as a leading Internet of Things platform." TVCom is developing an e-Commerce platform that connects TV viewers to real-time and context relevant fashion, merchandise and supplemental content. The company was also the 2016 TEC VenturePrize TELUS ICT Stream Winner earlier this year. "Much of what we have accomplished so far is intimately linked to TEC Edmonton's support of our project from the start," said TVCom CTO and University of Alberta Computer Science student Pavlo Malynin. "We take tremendous pride in knowing that we have some of Alberta's finest experts supporting our technology." "SensorUp and TVCom are both very exciting Alberta-based companies building globally relevant and scalable platforms. We look forward to working closely with them over the next 12 months to rapidly accelerate their progress," stated Shaheel Hooda, Program Director of the T-Squared Accelerator program and Executive in Residence at TEC Edmonton. The T-Squared Accelerator is a collaboration between TEC Edmonton and TELUS that provides promising early-stage information and communications technology (ICT) companies with 12 months of free incubation space and support in Edmonton's Enterprise Square, along with seed funding and expert mentorship from TELUS and TEC Edmonton to advance their business. For more information, visit www.tecedmonton.com/t-squared-accelerator. About TEC Edmonton TEC Edmonton is a business accelerator that helps emerging technology companies grow successfully. As a joint venture of the University of Alberta and Edmonton Economic Development Corporation, TEC Edmonton operates the Edmonton region's largest accelerator for early-stage technology companies, and also manages commercialization of University of Alberta technologies. TEC Edmonton delivers services in four areas: Business Development, Funding and Finance, Technology Management, and Entrepreneur Development. Since 2011, TEC clients have generated $680M in revenue, raised $350M in financing and funding, invested $200M in R&D, grown both revenue and employment by 25 per cent per year and now employ over 2,400 people in the region. In addition, TEC has assisted in the creation of 22 spinoff companies from the University of Alberta in the last four years. TEC Edmonton was named the 4th best university business incubator in North America by the University Business Incubator (UBI) Global Index in 2015, and "Incubator of the Year" by Startup Canada in 2014. For more information, visit www.tecedmonton.com.


News Article | November 3, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Nov. 3, 2016) - Altus Group Limited ("Altus Group" or "the Company") (TSX:AIF) a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry, announced today its financial and operating results for the third quarter ended September 30, 2016. "The team executed on all fronts during the third quarter, allowing us to deliver solid consolidated financial performance with double-digit Adjusted EBITDA growth, continued strength in recurring revenues, and higher margins at our core business segments, Altus Analytics and CRE Consulting," said Robert Courteau, Chief Executive Officer at Altus Group. "We see additional opportunity for our technology-enabled services across all our business lines. The CRE market is becoming increasingly institutionalized and requires greater transparency, creating growing demand for our leading analytics offerings, software and consulting services. We remain well positioned to capitalize on the attractive global market opportunity ahead of us." All amounts are in Canadian dollars and percentages are in comparison to the third quarter and nine-month period of 2015. On a consolidated basis, third quarter revenues continued to steadily grow, increasing 8.5% year-over-year to $110.9 million while Adjusted EBITDA grew by 39.2% to $21.3 million. The strong performance resulted from continued growth at Altus Analytics and strong performance at Property Tax. Excluding Geomatics, organic revenue growth was 13.8%. Exchange rate movements against the Canadian dollar impacted consolidated revenues by (1.5%) and Adjusted EBITDA by (0.1%). Acquisitions contributed 1.7% to revenues, and 6.3% to Adjusted EBITDA. Consolidated loss, in accordance with IFRS, was $5.1 million or $0.14 per share basic and diluted, compared to $0.7 million and $0.02 per share basic and diluted during the same period in 2015. The loss increased as a result of a $12.5 million goodwill impairment charge recorded on Geomatics and an increase in income tax expense, partially offset by decreased intangibles amortization and lower finance costs. Adjusted EPS was $0.31 in the third quarter, up 40.9% compared to $0.22 in the third quarter of 2015. Altus Analytics continued to deliver strong performance, with revenues increasing 12.2% to $36.2 million. Altus Analytics recurring revenues experienced 14.6% growth to $27.4 million as a result of increased subscriptions for ARGUS Enterprise, Voyanta and data products, as well as higher revenues from appraisal management. Growth in non-recurring revenues was primarily a result of strong sales of ARGUS software perpetual licenses and services. Adjusted EBITDA increased by 28.4% to $10.6 million, reflecting the higher revenues and cost savings from restructuring activities undertaken during the year. Changes in the exchange rate against the Canadian dollar impacted revenues by (2.2%) and Adjusted EBITDA by 0.8%. The Commercial Real Estate ("CRE") Consulting business segment also experienced strong, double-digit revenue and Adjusted EBITDA growth during the quarter. Property Tax revenues increased 24.1% to $38.7 million while Valuation and Cost Advisory revenues were up 9.2% to $24.1 million. The increase in Property Tax revenues was driven by organic growth in Canada and a stronger seasonal peak in the U.S. compared to the prior year. The Valuation and Cost Advisory practices continue to benefit from diversifying their revenue sources in their key geographical markets. Adjusted EBITDA increased 96.4% to $18.1 million. Changes in the exchange rate against the Canadian dollar affected revenues by (1.6%) and Adjusted EBITDA by (0.8%). Geomatics' performance continued to be impacted by challenging market conditions in the oil and gas sector. Revenues declined 28.8% to $12.1 million, and Adjusted EBITDA declined 81.7% to $0.6 million. During and after the quarter, the Company further reduced staff positons to better align capacity to market conditions, resulting in $0.4 million of employee severance costs. A similar charge is expected in the fourth quarter of 2016. Also during the quarter, a non-cash impairment charge of $12.5 million was taken on goodwill. Corporate costs were $8.0 million for the quarter ended September 30, 2016, compared to $5.6 million in the same period in 2015. The increase in corporate costs was mainly due to higher variable compensation. At the end of the third quarter, Altus Group's balance sheet remained strong, giving the Company the financial flexibility to pursue its growth strategy. The Company's bank debt was $118.0 million, representing a funded debt to EBITDA leverage ratio of 1.60 times, compared to 1.78 times in the previous quarter. Replay: A replay of the call will be available via the webcast at altusgroup.com Altus Group Limited is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain market insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world's largest real estate industry participants across a variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our securities are traded on the TSX under the symbols AIF and AIF.DB.A. For more information on Altus Group, please visit: www.altusgroup.com. Altus Group uses certain non-IFRS measures as indicators of financial performance. Readers are cautioned that they are not defined performance measures under IFRS and may differ from similar computations as reported by other similar entities and, accordingly, may not be comparable to financial measures as reported by those entities. We believe that these measures are useful supplemental measures that may assist investors in assessing an investment in our shares and provide more insight into our performance. Adjusted Earnings before Interest, Taxes, Depreciation and Amortization, ("Adjusted EBITDA"), represents operating profit (loss) adjusted for the effects of amortization of intangibles, depreciation of property, plant and equipment, acquisition-related expenses (income), restructuring costs, share of profit (loss) of associates, unrealized foreign exchange gains (losses), gains (losses) on disposal of property, plant and equipment, gains (losses) on sale of certain business assets, impairment charges, non-cash Executive Compensation Plan costs, gains (losses) on hedging transactions, gains (losses) on equity derivatives net of mark-to-market adjustments on related restricted share units ("RSUs") and deferred share units ("DSUs") being hedged, impairment charge and other costs or income of a non-operating and/or non-recurring nature. Adjusted Earnings (Loss) per Share, ("Adjusted EPS"), represents basic earnings per share adjusted for the effects of amortization of intangibles acquired as part of business acquisitions, non-cash finance costs (income) related to the revaluation of amounts payable to UK unitholders, net of changes in fair value of related equity derivatives, distributions related to amounts payable to UK unitholders, acquisition-related expenses (income), restructuring costs, share of profit (loss) of associates, unrealized foreign exchange gains (losses), gains (losses) on disposal of property, plant and equipment, gains (losses) on sale of certain business assets, interest accretion on contingent consideration payables, impairment charges, non-cash Executive Compensation Plan costs, gains (losses) on hedging transactions, gains (losses) on equity derivatives net of mark-to-market adjustments on related RSUs and DSUs being hedged, impairment charge, and other costs or income of a non-operating and/or non-recurring nature. All of the adjustments are made net of tax. Certain information in this press release may constitute "forward-looking information" within the meaning of applicable securities legislation. All information contained in this press release, other than statements of current and historical fact, is forward-looking information. Forward-looking information includes, but is not limited to, the discussion of our business and operating initiatives, focuses and strategies, our expectations of future performance for our various business units and our consolidated financial results, and our expectations with respect to cash flows and liquidity. Generally, forward-looking information can be identified by use of words such as "may", "will", "expect", "believe", "plan", "would", "could" and other similar terminology. All of the forward-looking information in this press release is qualified by this cautionary statement. Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by us at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results, performance or achievements, industry results or events to be materially different from those expressed or implied by the forward-looking information. The material factors or assumptions that we identified and were applied by us in drawing conclusions or making forecasts or projections set out in the forward-looking information include, but are not limited to: the successful execution of our business strategies; consistent and stable economic conditions or conditions in the financial markets; consistent and stable legislation in the various countries in which we operate; no disruptive changes in the technology environment; the opportunity to acquire accretive businesses; the successful integration of acquired businesses; and the continued availability of qualified professionals. Inherent in the forward-looking information are known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any results, performance or achievements expressed or implied by such forward-looking information. Those risks, uncertainties and other factors that could cause actual results to differ materially from the forward-looking information include, but are not limited to: general state of the economy; currency risk; oil and gas sector; ability to maintain profitability and manage growth; commercial real estate market; competition in the industry; ability to attract and retain professionals; information from multiple sources; reliance on larger software transactions with longer and less predictable sales cycles; success of new product introductions; ability to respond to technological change and develop products on a timely basis; protection of intellectual property or defending against claims of intellectual property rights of others; information technology governance and security; integration of acquisitions; fixed-price and contingency engagements; appraisal and appraisal management mandates; Canadian multi-residential market; weather; legislative and regulatory changes; customer concentration; interest rate risk; credit risk; income tax matters; revenue and cash flow volatility; operating risks; performance of obligations/maintenance of client satisfaction; risk of future legal proceedings; insurance limits; ability to meet solvency requirements to pay dividends; leverage and restrictive covenants; unpredictability and volatility of common share price; capital investment; and issuance of additional common shares diluting existing shareholders' interests, as well as those described in Altus Group's publicly filed documents, including the Annual Information Form for the year ended December 31, 2015 (which are available on SEDAR at www.sedar.com). Given these risks, uncertainties and other factors, investors should not place undue reliance on forward-looking information as a prediction of actual results. The forward-looking information reflects management's current expectations and beliefs regarding future events and operating performance and is based on information currently available to management. Although we have attempted to identify important factors that could cause actual results to differ materially from the forward-looking information contained herein, there are other factors that could cause results not to be as anticipated, estimated or intended. The forward-looking information contained herein is current as of the date of this press release and, except as required under applicable law, we do not undertake to update or revise it to reflect new events or circumstances. Additionally, we undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of Altus Group, our financial or operating results, or our securities.


News Article | February 23, 2017
Site: www.marketwired.com

Altus Analytics and CRE Consulting Delivered Over 35% Adjusted EBITDA Growth in 2016 TORONTO, ONTARIO--(Marketwired - Feb. 23, 2017) - Altus Group Limited (╩║Altus Group╩║ or "the Company") (TSX:AIF), a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry, announced today its financial and operating results for the fourth quarter and year ended December 31, 2016. "Our diversified business model continued to deliver steady topline growth in 2016 while our strong operational execution drove profitable growth and margin improvement," said Robert Courteau, Chief Executive Officer at Altus Group. "I'm very pleased with the robust performance across all of our businesses and proud of the team's outstanding execution during the year. As the CRE industry continues to embrace more technological innovation, we remain exceptionally well positioned to serve this market with our industry-standard analytics solutions and technology-enabled expert services." Summary of Operating and Financial Performance by Business Segment: All amounts are in Canadian dollars and percentages are in comparison to the fourth quarter and twelve-month period of 2015. On a consolidated basis, 2016 revenues continued to grow steadily, increasing 6.4% year-over-year to $442.9 million while Adjusted EBITDA grew by 16.9% to $74.1 million, notwithstanding the macroeconomic headwinds from Geomatics. Excluding Geomatics, revenue growth was 13.9%. Growth in 2016 was driven by the strong performance at Altus Analytics and at the Property Tax practice under CRE Consulting. Exchange rate movements against the Canadian dollar benefited consolidated revenues by 0.2% and Adjusted EBITDA by 1.1%. Acquisitions contributed 1.7% to revenues and 3.6% to Adjusted EBITDA. Indicative of the Company's global growth initiatives, 54% of Altus Group's revenues were derived from outside of Canada in 2016, compared to 47% in 2015. Consolidated profit, in accordance with IFRS, was $14.3 million, up 54.3% from $9.2 million in 2015. On a per share basis, it was $0.39 per share basic, and $0.38 per share diluted, compared to $0.28 and $0.27 respectively in 2015. In addition to the strong growth in Adjusted EBITDA, profit also benefitted from lower intangibles amortization, net finance costs (income) and a gain on the partial deemed disposition of the Company's investment in Real Matters Inc., partially offset by an impairment charge of $12.5 million recorded on the Geomatics business in the third quarter, and higher income tax expense. Adjusted EPS was $1.15, up 17.3% from $0.98 in 2015. Altus Analytics sustained its strong growth, increasing revenues by 20.2% to $151.5 million, with a 23.4% increase in recurring revenues to $111.9 million. The performance in 2016 was driven by higher ARGUS Enterprise ("AE") sales (both license and subscriptions), higher maintenance and subscription revenues, and increased appraisal management engagements (from current and new customers). Adjusted EBITDA increased by 35.3% to $41.0 million, reflecting the higher revenues and cost savings from restructuring activities undertaken during the year. Altus Analytics Adjusted EBITDA margins improved to 27.1% from 24.0% in 2015. Changes in the exchange rate against the Canadian dollar benefitted revenues by 1.1% and Adjusted EBITDA by 2.5%. The CRE Consulting business segment also experienced strong, double-digit growth in 2016. CRE Consulting revenues grew by 10.3% to $247.3 million and Adjusted EBITDA grew by 36.2% to $52.2 million. Property Tax was a key contributor to the annual growth, where revenues increased by 12.9% to $151.2 million while Valuation and Cost Advisory revenues were up by 6.5% to $96.1 million. The notable growth at Property Tax was driven by strong organic and acquisitive growth in the U.S., and healthy organic growth in Canada. The Valuation and Cost Advisory practices benefited from diversification strategies in their key geographical markets. Adjusted EBITDA increased 36.2% to $52.2 million, driven by a 43.9% growth at Property Tax which delivered $40.1 million in Adjusted EBITDA; Valuation and Cost Advisory Adjusted EBITDA increased 15.6% to $12.1 million. Overall, CRE Consulting Adjusted EBITDA margins improved to 21.1% from 17.1% in 2015. Changes in the exchange rate against the Canadian dollar impacted revenues by (0.2%) and Adjusted EBITDA by (0.1%). Geomatics' performance continued to be impacted by challenging market conditions in the oil and gas sector. Revenues declined 32.9% to $45.1 million, and Adjusted EBITDA declined 108.6% to $(0.9) million, after incurring $1.6 million in severance costs to adjust operating capacity to match market conditions. Corporate costs were $18.2 million in 2016, compared to $15.3 million in 2015. The increase in corporate costs was mainly due to added headcount in support of strategic initiatives in information technology and talent management and higher variable compensation. As a percentage of revenues, corporate costs remained steady at approximately 4%. At the end of the year, Altus Group's balance sheet remained strong, giving the Company financial flexibility to pursue its growth strategy. The Company's bank debt was $117.0 million, representing a funded debt to EBITDA leverage ratio of 1.53 times, compared to 1.92 times at the end of 2015. On a consolidated basis, fourth quarter revenues increased 3.9% to $115.3 million and Adjusted EBITDA increased by 13.6% to $22.1 million. Excluding Geomatics, revenue growth was 8.6%. Exchange rate movements against the Canadian dollar impacted consolidated revenues by (2.0%) and Adjusted EBITDA by 0.8%. Acquisitions contributed 0.5% to revenues and 0.6% to Adjusted EBITDA in the fourth quarter. Consolidated profit, in accordance with IFRS, was $8.9 million or $0.24 per share basic and $0.23 per share diluted, compared to $6.5 million and $0.18 per share basic and diluted during the same period in 2015. Adjusted EPS was $0.38 in the fourth quarter, up 22.6% compared to $0.31 in the fourth quarter of 2015. Altus Analytics continued to grow at double-digit rates, with revenues increasing 15.1% to $42.2 million, including an 11.2% increase to $29.1 million in recurring revenues. Recurring revenue growth was driven by increased subscriptions for AE and higher revenues from maintenance and appraisal management. Non-recurring revenue growth was led by strong license sales and implementation services. Adjusted EBITDA increased by 40.0% to $11.8 million, reflecting the higher revenues and cost savings from restructuring activities undertaken during the year. Changes in the exchange rate against the Canadian dollar impacted revenues by (2.6%) and Adjusted EBITDA by 0.8%. The CRE Consulting revenues increased 4.4% to $61.8 million, including a 3.4% increase to $36.5 million at Property Tax, and a 5.8% increase to $25.3 million at Valuation and Cost Advisory. Property Tax experienced stronger performance in the U.K., but lower revenues in Canada due to timing of case settlements and large one-time contingency settlements in 2015. Valuation and Cost Advisory revenues had steady performance in Canada, with an improvement in Asia in Cost Advisory. Adjusted EBITDA for CRE Consulting decreased by 10.6% to $6.5 million, largely driven by a 15.0% decline to $4.3 million at Property Tax; Valuation and Cost Advisory Adjusted EBITDA was down 0.8% to $2.2 million. The decline at Property Tax in the fourth quarter reflects the allocation of higher variable compensation in the quarter as a result of the much stronger annual performance. Changes in the exchange rate against the Canadian dollar impacted revenues by (2.1%) and Adjusted EBITDA by 1.3%. Geomatics' performance continued to be impacted by challenging market conditions in the oil and gas sector. Revenues declined 24.9% to $11.5 million, and Adjusted EBITDA declined 84.0% to $0.2 million. During the fourth quarter, the Company further reduced staff positons to better align capacity to market conditions, resulting in $0.5 million of employee severance costs. Corporate costs (recovery) were ($3.6) million in the fourth quarter, compared to ($2.6) million in the same period in 2015. The Company's bonuses, which are recorded in the Corporate segment for the first nine months of the year, are finalized and allocated to the business units in the fourth quarter and resulted in a recovery. Altus Group Limited is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world's largest real estate industry participants across a variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our securities are traded on the TSX under the symbols AIF and AIF.DB.A. For more information on Altus Group, please visit: www.altusgroup.com. Altus Group uses certain non-IFRS measures as indicators of financial performance. Readers are cautioned that they are not defined performance measures under IFRS and may differ from similar computations as reported by other similar entities and, accordingly, may not be comparable to financial measures as reported by those entities. We believe that these measures are useful supplemental measures that may assist investors in assessing an investment in our shares and provide more insight into our performance. Adjusted Earnings before Interest, Taxes, Depreciation and Amortization, ("Adjusted EBITDA"), represents operating profit (loss) adjusted for the effects of amortization of intangibles, depreciation of property, plant and equipment, acquisition related expenses (income), restructuring costs, share of profit (loss) of associates, unrealized foreign exchange gains (losses), gains (losses) on disposal of property, plant and equipment, gains (losses) on sale of certain business assets, impairment charges, non-cash Executive Compensation Plan costs, gains (losses) on hedging transactions, gains (losses) on equity derivatives net of mark-to-market adjustments on related restricted share units ("RSUs") and deferred share units ("DSUs") being hedged and other costs or income of a non-operating and/or non-recurring nature. Adjusted EBITDA margin is Adjusted EBITDA divided by revenues. Adjusted Earnings (Loss) per Share, ("Adjusted EPS"), represents basic earnings per share adjusted for the effects of amortization of intangibles acquired as part of business acquisitions, non-cash finance costs (income) related to the revaluation of amounts payable to U.K. unitholders, net of changes in fair value of related equity derivatives, distributions related to amounts payable to U.K. unitholders, acquisition related expenses (income), restructuring costs, share of profit (loss) of associates, unrealized foreign exchange gains (losses), gains (losses) on disposal of property, plant and equipment, gains (losses) on sale of certain business assets, interest accretion on contingent consideration payables, impairment charges, non-cash Executive Compensation Plan costs, gains (losses) on hedging transactions, gains (losses) on equity derivatives net of mark-to-market adjustments on related RSUs and DSUs being hedged and other costs or income of a non-operating and/or non-recurring nature. All of the adjustments are made net of tax. Certain information in this press release may constitute "forward-looking information" within the meaning of applicable securities legislation. All information contained in this press release, other than statements of current and historical fact, is forward-looking information. Forward-looking information includes, but is not limited to, the discussion of our business and operating initiatives, focuses and strategies, our expectations of future performance for our various business units and our consolidated financial results, and our expectations with respect to cash flows and liquidity. Generally, forward-looking information can be identified by use of words such as "may", "will", "expect", "believe", "plan", "would", "could" and other similar terminology. All of the forward-looking information in this press release is qualified by this cautionary statement. Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by us at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results, performance or achievements, industry results or events to be materially different from those expressed or implied by the forward-looking information. The material factors or assumptions that we identified and were applied by us in drawing conclusions or making forecasts or projections set out in the forward-looking information include, but are not limited to: the successful execution of our business strategies; consistent and stable economic conditions or conditions in the financial markets; consistent and stable legislation in the various countries in which we operate; no disruptive changes in the technology environment; the opportunity to acquire accretive businesses; the successful integration of acquired businesses; and the continued availability of qualified professionals. Inherent in the forward-looking information are known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any results, performance or achievements expressed or implied by such forward-looking information. Those risks, uncertainties and other factors that could cause actual results to differ materially from the forward-looking information include, but are not limited to: general state of the economy; currency risk; oil and gas sector; ability to maintain profitability and manage growth; commercial real estate market; competition in the industry; ability to attract and retain professionals; information from multiple sources; reliance on larger enterprise transactions with longer and less predictable sales cycles; success of new product introductions; ability to respond to technological change and develop products on a timely basis; protection of intellectual property or defending against claims of intellectual property rights of others; ability to implement technology strategy and ensure workforce adoption; information technology governance and security, including cyber security; acquisitions; fixed-price and contingency engagements; appraisal and appraisal management mandates; Canadian multi-residential market; weather; legislative and regulatory changes; customer concentration and loss of material clients; interest rate risk; credit risk; income tax matters; revenue and cash flow volatility; health and safety hazards; performance of contractual obligations and client satisfaction; risk of legal proceedings; insurance limits; ability to meet solvency requirements to pay dividends; leverage and restrictive covenants; unpredictability and volatility of common share price; capital investment; and issuance of additional common shares diluting existing shareholders' interests, as well as those described in Altus Group's publicly filed documents, including the MD&A for the year ended December 31, 2016 (which are available on SEDAR at www.sedar.com). Given these risks, uncertainties and other factors, investors should not place undue reliance on forward-looking information as a prediction of actual results. The forward-looking information reflects management's current expectations and beliefs regarding future events and operating performance and is based on information currently available to management. Although we have attempted to identify important factors that could cause actual results to differ materially from the forward-looking information contained herein, there are other factors that could cause results not to be as anticipated, estimated or intended. The forward-looking information contained herein is current as of the date of this press release and, except as required under applicable law, we do not undertake to update or revise it to reflect new events or circumstances. Additionally, we undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of Altus Group, our financial or operating results, or our securities.


Patented gas leak detection technology provides energy industry with enhanced visibility, safety and environmental protection TORONTO, ONTARIO--(Marketwired - Feb. 14, 2017) - Altus Group Limited ("Altus Group") (TSX:AIF), a leading provider of commercial real estate services, software and data solutions, and St. Francis Xavier University ("StFX") today announced that they have signed a technology collaboration agreement. The agreement provides Altus Group with exclusive worldwide commercialization usage rights of StFX's vehicle-based Emissions Attribution via Computational Techniques ("ExACT") gas leak detection technology. Altus Group's Geomatics division will offer StFX's ExACT technology as a service for energy providers and regulators. The patented ExACT technology allows for detecting and mapping the emission of ground-sourced greenhouse gases into the atmosphere. The ExACT sensor is mounted on a vehicle and collects near-ground geochemical readings that are uploaded to a cloud-based database and allows for real-time analysis. "Collaborating with StFX is another example of how we're continuously innovating to serve our clients," said Dave Gurnsey, President of Altus Geomatics, Altus Group. "We're pleased to have the exclusive rights to commercialize this leading-edge best-in-class technology. This new service will add value to our clients by providing greater visibility into emissions and will complement our geospatial data management solutions." The ExACT survey technology is capable of covering a large region at a very fine scale which provides operators with the detailed data and analytics they require to detect leaks before they become a regulatory issue. The ability to identify emissions in an efficient and cost effective manner allows producers to minimize the economic cost of lost commodities and maximize environmental protection. "Altus Group is perfectly positioned to make the most of this technology, given its expertise in big data and analytics, and its great people across the country. The industry is moving towards greener, cleaner, and lower risk operations, and Altus Group will play an important role in that transition," said Dr. Dave Risk, Associate Professor and Project Lead, St. Francis Xavier University. For more information on this service offering by Altus Group's Geomatics division, please contact Ryan Maloney, Branch Manager, by email at ryan.maloney@altusgroup.com or by telephone at 1-306-842-6060. For more information on ExACT technology, please contact Dr. Dave Risk by email at drisk@stfx.ca or by telephone at 1-902-867-4854. Altus Group Limited is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain market insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world's largest real estate industry participants across a variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our securities are traded on the TSX under the symbols AIF and AIF.DB.A. For more information on Altus Group, please visit: www.altusgroup.com. Consistently recognized as one of the best universities in Canada, StFX exceeds the needs of today's undergraduates through providing the very best academic experience -- outstanding teaching, exceptional hands-on research opportunities, global exchanges, all within Canada's most vibrant and inspiring residential campus. Discover the top ten reasons why you should study at StFX https://www.stfx.ca/why-stfx/reasons-to-attend


News Article | October 28, 2016
Site: www.prweb.com

Ricardo Johnson has joined C.H. Fenstermaker & Associates, L.L.C. as Survey & Mapping Director of Coastal Services. A Professional Licensed Surveyor in Louisiana, Alabama, and Arkansas, Mr. Johnson has acquired over 20 years of experience in the coastal regions of Louisiana, primarily through surveying contracts with the Coastal Protection and Restoration Authority of Louisiana. Marc Broussard, Vice President of Survey & Mapping for Fenstermaker, says, “Ricardo brings a tremendous level of experience to our team in the coastal services area. Ricardo’s many years of experience with high accuracy GPS networks, project management and government contracts will, without a doubt, enhance our position in the coastal arena. We’re anxiously looking forward to his leadership and know his level of expertise will dramatically impact our team. His contribution will be instrumental as we enter partnerships with teams requiring our coastal protection and restoration services.” A 39-year veteran in the field of surveying, Mr. Johnson served as Senior Project Manager of Government Services for John Chance Land Surveys, Inc from 1999 to 2016 and then was promoted to Director of Governmental Services. Becoming a Louisiana Registered Professional Land Surveyor in June of 1995, then acquiring professional licenses in Alabama and Arkansas, Mr. Johnson became a member of several organizations including, National Society of Professional Surveyors (NSPS), Arkansas Society of Professional Surveyors (ASPS), Alabama Society of Professional Surveyors, (APLS), and Louisiana Society of Professional Surveyors (LSPS). He was a Chairman of LSPS Elevation Committee from 2013 to 2015. He remains a member of Geomatics Industrial Advisory Committee at Nichols State University in Thibodaux since 2006.


News Article | February 27, 2017
Site: www.businesswire.com

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Consulting, engineering and construction services firm Atwell, LLC is pleased to announce Lyndon Nance, RPLS, PS, has joined the firm as Team Leader, Oil & Gas. Based in San Antonio, Texas, his responsibilities include management of survey activities for Oil & Gas projects including site control, client relations and oversight of project teams for the national firm. Nance has extensive experience in land surveying, including land development, pipeline, commercial, and industrial projects. Formerly the owner and president of LP Nance Land Surveying, he brings years of experience in leading projects and teams, and overseeing quality control. He has held positions as project manager and project surveyor with John Chance Surveys, Inc., and Pape-Dawson Engineers. His experience includes surveying multiple projects for Talisman, Regency, Plains Pipeline, and TexStar. Nance has expertise in drone technology and holds an FAA Remote Pilot in Command License. Nance is a registered professional land surveyor in Texas, North Dakota and Colorado. He earned a Bachelor of Science in Geomatics from Texas A&M University. “We’re happy to have Lyndon join our team. His expertise in drone technology is in line with our commitment to continuous improvement. He will help drive efficiencies that will translate to added value for our clients,” said Atwell Vice President, Survey Operations, Drew Celovsky. Atwell, LLC is a national consulting, engineering and construction services firm with over five hundred professionals across the country that deliver a broad range of strategic and creative solutions to clients in a variety of industries including real estate and land development, power and energy, oil and gas, automotive, industrial, and mining. They provide comprehensive turnkey services including land and ROW support, planning, engineering, land surveying, landscape architecture, environmental science, project management and construction.

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