Oslo, Saturday, January 1, 2000
Stock Exchange Notification
FIRST NORWEGIAN PICTOMETRYÂ® LICENSE AGREEMENT SOLD
Blom has sold the first Norwegian Pictometry® license agreement. The license agreement is with the municipality of Drammen. The agreement confirms Blom’s expectations for Pictometry® sales to the municipality and government/state market in Norway and Europe.
The Pictometry® data base has also been presented to several large commercial companies in Norway and Europe, and several of these companies have expressed strong interest in the data base.
In addition to the agreement with Microsoft MSN, Blom has up until today sold license agreements for use of Pictometry® data in excess of NOK 10 million in Europe. Considering the fact that the Pictometry® data base is to be completed yearend 2007, Blom is very pleased with the reception the product has received. With a relatively limited sales organisation, Blom has sent out offers exceeding NOK 60 million since the sales effort was initiated, and such effort will increase in 2007.
The Pictometry data base will when completed include 900 cities, i.e. all cities with more than 50.000 inhabitants, in 23 European countries,
For further information please contact the CEO, Mr. Dirk Blaauw, on tel. +47 22 13 19 23 or CFO Jan Erik Braathen on tel. +47 22 13 19 24.