Robert Novembri, former NERC Senior Investigator and utility vegetation management expert, has concluded that GeoDigital’s Precision Corridor Management (PCM) solution, a program that delivers highly accurate LiDAR and imagery data through easy-to-use software, supports compliance with the requirements set forth in NERC’s transmission vegetation management standard, FAC-003-3. Mr. Novembri performed an indepth review in which he evaluated the effectiveness of GeoDigital’s solution and concluded that this offering presents utilities with a complete solution for FAC-003-3 compliance.

Mr. Novembri stated, “GeoDigital’s offering uniquely combines program planning, objective analysis of potentially encroaching vegetation, mobile applications for inspections and internal audits, and the ability to rapidly produce the supporting documentation that NERC auditors need. The PCM Program is well-aligned with the needs of transmission utilities to comply with the requirements of FAC-003-3.”

FAC-003-3 introduces several key changes in how transmission vegetation management is regulated. First, it requires utilities to validate annually that no vegetation encroaches into the Minimum Vegetation Clearance Distance (MVCD) around transmission lines at maximum rated conditions. Because maximum rated conditions can rarely be observed in the field, prior to the GeoDigital solution, utilities had to create massive safety buffers adding additional expense.

GeoDigital’s PCM solution applies PLS-CADD models and proprietary algorithms to LiDAR data to precisely identify all potential vegetation encroachments at maximum rated conditions and allows clients to visualize the results in 3-D. This geospatial intelligence can be brought into the field to inspect the identified threats, and create appropriate work orders for vegetation clearance.

FAC-003-3 also presents a unique paradigm with respect to annual compliance. Whereas earlier regulations simply required that utilities have a documented Transmission Vegetation Management Program (TVMP), the new standard requires that utilities complete 100% of their planned inspection and maintenance work each year. GeoDigital’s WorkStudio suite provides program planning and reporting for all NERC applicable lines by collecting and analyzing field results versus planned.

Mr. Novembri goes on to state “Based on my review of GeoDigital’s PCM solution, when fully implemented, I believe it provides the capability to support utilities in objectively attaining compliance with FAC-003-3. The WorkStudio enterprise software platform is very robust and its WorkPlanner module supports requirements R1, R2, R3, R5, R6, and R7. Additionally, the data
that is collected in the field through VegWorks supports the applicable components of R1, R2, R4, R5, R6, and R7.”

Chuck Anderson, GeoDigital’s Senior Vice-President for the North American Utility Market, said, “Robert Novembri’s knowledge and experience have earned the respect and trust of the utility vegetation management industry. His expertise in how utilities can best comply with FAC-003-3 is unrivaled. GeoDigital is the only company in the industry providing a fully compliant solution for FAC-003-3 compliance. This endorsement demonstrates the strength of GeoDigital’s PCM
approach and our commitment to fully meeting the needs of the utility industry.”

About Robert Novembri
Robert Novembri is the Founder and President of Novembri Consulting, LLC and a former Senior Investigator for the North American Electric Reliability Corporation. Mr. Novembri has 44 years of utility experience and over 26 years of experience in the utility arboriculture field. Mr. Novembri formerly served as Partner and CEO at CN Utility Consulting, LLC and as the Director of Vegetation Management Operations at Pacific Gas and Electric Company.

About GeoDigital
GeoDigital International provides utilities and other distributed asset industries with innovative geospatial information management solutions. With one of the largest fleets of airborne/mobile LiDAR and digital imaging sensor systems in North America, we collect and process data under the most challenging project schedules and conditions. Our enterprise software products are then tailored to meet the specific business workflow needs of our customers, including the ability to support mobile workforces in real time. GeoDigital continuously improves our services to deliver timely, mission critical geospatial information systems that increase efficiency and reduce risk. Please visit us at www.geodigital.com.

GeoDigital International Inc. (“GDI”), the leading provider of next‐generation 4D Geospatial imaging and business intelligence solutions, announced today that it has raised an undisclosed amount of new equity financing from leading international investors. The round was led by EnerTech Capital, a prominent North American venture capital investor focused on the energy and power industries, and Emerald Technology Ventures, one of the world’s largest clean technology investors. They were joined in the round by GDI’s current investors, including NGP Energy Technology Partners and North Sky Capital. GDI will use the capital to fund the company’s product extensions and continued expansion in the United States, Canada and international markets.

“This financing will enable GDI to extend the reach of our cloud-based business intelligence solutions to meet a wide range of client needs. GDI’s solutions increase the reliability of the information on which our clients make mission-critical decisions and help them realize significant cost savings,” stated Abe Morris, co-CEO of GeoDigital. “We are proud that all of our major existing investors as well as leading international investors Emerald and EnerTech participated in this financing. These investors all have a superb track record of growing businesses across North America and internationally.”

“To make critical business decisions and ensure compliance with regulatory requirements, utility companies worldwide are turning to GeoDigital for geospatial imaging and mapping solutions to monitor and inspect their geographically dispersed assets with engineering precision. Our solutions enable our clients to achieve significant productivity improvements by managing subsequent field work, including through the use of webenabled mobile devices,” said GeoDigital Founder and Co-CEO, Alastair Jenkins. “In addition, our solutions are creating path-breaking innovations in mapping to support autonomous (self-driving) vehicles.”

Scott Ungerer, Managing Director of EnerTech Capital, who will join the GDI Board of Directors, stated, “Our investment in GeoDigital was driven by the growing focus of utilities and other infrastructure owners on increasing operational efficiency and regulatory compliance as well as with the growing acceptance of geospatial mapping solutions to meet these challenges. GeoDigital is a market leader in providing these services and software solutions, and we expect GDI to help drive significant global growth. Our investment in GeoDigital also demonstrates our continued focus on investments in high-quality companies across Canada.”

Gina Domanig, Managing Partner for Emerald Technology Ventures, who will also join the GDI Board of Directors, stated, “We identified GeoDigital as possessing a unique technology that is capable of addressing multiple industry sectors. In the rapidly growing and evolving geospatial information market, offering Software and Information as a Service Solution positions GDI to serve the needs of leading utility and engineering companies.”

About GeoDigital International, Inc.
GeoDigital International, Inc. integrates the world’s most advanced imaging and data acquisition technologies to perform airborne and ground mapping services with LiDAR (Light Detection and Ranging) to deliver industry-leading business intelligence solutions for asset management and engineering. By providing access to geospatial information using proprietary software and web mapping technology in partnership with Google Earth and Google Maps Engine, GeoDigital offers utilities and engineering firms unrivaled access to their data
anywhere, anytime to enable work planning, execution, and reporting. GeoDigital and its predecessor companies have a 20-year history in airborne mapping for the utility industry, providing leading-edge solutions for mapping, inspection, line rating and engineering analysis to customers across around the world.
For more information, please visit: www.geodigital.com
Contact: Jim Smyth, jsmyth@geodigital.com, 289-674-0011

About EnerTech Capital
EnerTech Capital invests in companies that offer products or services that dramatically improve the profitability of producing or consuming energy. Founded in 1996, the firm has managed approximately $500 million and has delivered over 30 exits. EnerTech Capital is currently investing out of its fourth fund and has offices in Philadelphia, Toronto, Montreal and Calgary.
For more information, please visit: www.enertechcapital.com
Contact: Wally Hunter, whunter@enertechcapital.com, 416-383-8563

About Emerald Technology Ventures
Emerald Technology Ventures is a globally recognized investor in the areas of energy, water and materials. Founded in 2000, Emerald has been a venture capital pioneer in these industrial sectors and invested in more than fifty companies to date. From offices in Zurich, Switzerland and Toronto, Canada, Emerald has managed three venture capital funds and two venture capital portfolio mandates totaling over USD 500 million. Fund investors include leading financial institutions, family offices and multinational corporations.
For more information, please visit: www.emerald-ventures.com
Contact: Gina Domanig, gina.domanig@emerald-ventures.com, +41 44 269 61 00

About NGP Energy Technology Partners
NGP Energy Technology Partners (“NGP ETP”) is a private equity firm that invests in companies that provide products and services to the oil and gas, power, environmental, energy efficiency and alternative energy sectors. Founded in 2005, NGP ETP manages approximately $500 million in committed capital and is led by professionals that have extensive experience investing across the energy industry. NGP ETP partners with experienced management teams executing on compelling strategic plans and works with them to drive significant value creation. NGP ETP is headquartered in Washington, DC and has an office in New Orleans, LA. NGP ETP is affiliated with NGP Energy Capital Management (“NGP ECM”). Founded in 1988, NGP ECM is a premier investment franchise in the natural resources industry, which together with its affiliates has managed approximately $13 billion in cumulative committed capital since inception. NGP ECM’s investment
platform includes Natural Gas Partners, NGP Global Agribusiness Partners, NGP Capital Resources Company (NASDAQ: NGPC), and NGP Energy Technology Partners.
For more information, please visit: www.ngpetp.com
Contact: Bruce Schulman, bschulman@ngpetp.com, 202-536-3928

About North Sky Capital
North Sky Capital is an independent registered investment advisor that was established in 2000 to provide tailored private investment solutions for its investors. To date, North Sky’s tight-knit team has built 14 innovative funds spanning the full spectrum of private equity and energy infrastructure. North Sky Capital manages over $850 million in committed capital and is headquartered in Minneapolis, MN.
For more information, please visit: www.northskycapital.com
Contact: Rachael Welk, rwelk@northskycapital.com, 612-435-7150

GeoDigital International Inc. is named one of Canada’s fastest growing technology companies in the 15th annual Deloitte Technology Fast 50TM awards. The Fast 50 program recognizes the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. GeoDigital International’s increase in revenues of 1077% percent from 2007 to 2011 resulted in a number 12 ranking.

“Canadian Fast 50 companies innovate, demonstrate entrepreneurship, create jobs, and invest in R&D,” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.

“GeoDigital International is an example of a company that shows passion, determination and drive that are so important for growth in the Canadian technology sector.”

GeoDigital International’s CEO Alastair Jenkins commented, “The credit for this achievement goes to our team for their dedication and focus on meeting our customer’s needs”. He went on to say, “The Company’s 1077% percent revenue growth over the past 5 years has been achieved by addressing the needs of the energy and infrastructure industries for timely, actionable airborne geospatial information.

Our technology and software as a service offering has become the benchmark for electrical utilities in North America and the standard for service and quality that others aspire to achieve.”

Now in its 15th year, the Deloitte Technology Fast 50TM program recognizes leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown global leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative, with winners automatically eligible for this elite ranking.

To qualify for the Deloitte Technology Fast 50TM ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

About the Deloitte Technology Fast 50TM – The Deloitte Technology Fast 50TM program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50TM Ranking, Companiesto-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50TM candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15TM Awards
(Canada’s leading Greentech companies that promote a more efficient use and re-use of the earth’s resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings,
Wellington Financial, TMX Group, HUB International HKMB, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.

About GeoDigital International
GeoDigital International provides utilities and other distributed asset industries with industry leading, geospatial information management solutions. With one of the largest fleets of airborne/mobile LiDAR and digital imaging sensor systems in North America we collect and process data under the most challenging project schedules and conditions. Our custom designed, enterprise software products are then tailored to meet the specific business workflow needs of our customers, including the ability to support mobile workforces in real time. As these needs change GeoDigital continuously improves our services with the goal of delivering timely, mission critical geospatial information systems that increase efficiency and reduce risk. To better support our customers we have offices strategically located throughout Canada and the United States. GeoDigital currently employs over 250 people.