Altus Group and St. Francis Xavier University Announce Innovative Technology Collaboration Agreement
Patented gas leak detection technology provides energy industry with enhanced visibility, safety and environmental protection
TORONTO (February 14, 2017) – Altus Group Limited (ʺAltus Groupʺ) (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 firstname.lastname@example.org or by telephone at 1-306-842-6060. For more information on ExACT technology, please contact Dr. Dave Risk by email at email@example.com or by telephone at 1-902-867-4854.
About Altus Group Limited
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.
About St. Francis Xavier University
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 StFXhttps://www.stfx.ca/why-stfx/reasons-to-attend
Jeff HaywardHaywardVice President, Global Marketing & Communications
Last updated on August 27th, 2019 at 09:35 am