Vancouver, BC, CANADA, June 12, 2006 – Galdos Systems Inc. (GALDOS), a leader in Spatial Data Infrastructure (SDI) technology, is pleased to announce the closing of a strategic investment of $1,000,000 USD. An additional $1,000,000 USD worth of warrants were also issued.
“This investment demonstrates continued confidence in the direction Galdos is headed,” said Shaukat Jiwa, President of Galdos Systems Inc. “Spatial information is the critical component incorporated in many of today’s hot innovation areas. Whether it is RFID tagging, mobile dispatch or mobile location-based services, more people are aware of the benefits of integrating spatial information with their systems. With this realization, the need for back-end integration of spatial information systems across organizations is driving the demand for our technology.”
Galdos Systems Inc. is a pioneer in the SDI field. Organizations dependent on geographic data are faced with many challenges. Current techniques for geographic data collection and management of the data are costly and error-prone. Galdos’ technology brings together complex geospatial systems thus enabling disparate organizations to simply and seamlessly share and manage geographic information of common interest over the Internet. Using Galdos’ technology, each organization has access to complete and real-time geographic data which enhances their decision-making.
Galdos currently supplies its technology to governments, government agencies and private companies that deal with geographic information.
The investment will help expand Galdos’ sales and marketing efforts as well as enhance its product offering. Galdos has grown profitably since its inception in 1998 and is aggressively expanding its market share in the area of providing GIS databases with connectivity to one another and to the Internet.
Ron Lake, CEO of Galdos stated, “We are at an exciting point in our development and this financing will assist us in acquiring the necessary resources to expedite our revenue growth and increase shareholder value.”
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About Galdos Systems Inc:
Galdos targets the rapidly growing Spatial Data Infrastructures (SDI) market. Spatial Data Infrastructures provide the means to share instant geographic information over the World Wide Web. This is critical to defense intelligence, disaster management and a variety of consumer oriented location-based services, such as location-based advertising. Galdos is a supplier to governments, government agencies and private companies that deal with geographic information. The Company’s technology enables its customers to manage geographic information from multiple sources and share it across the Internet in real-time. For Galdos’ customers this means increased efficiencies in data sharing and significant cost reductions. For more information on Galdos, please visit www.galdosinc.com.
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Galdos Systems Inc.