Oslo, Saturday, January 1, 2000
Stock Exchange Notification
MICROSOFT SIGNS WORLDWIDE LICENSE AGREEMENT WITH BLOM
Blom is very pleased to announce that Microsoft Corporation, Redmond Washington, has signed a license agreement for use of Blom’s Pictometry® database. The agreement will give all Microsoft’s clients world wide the right to use Blom’s data for commercial purposes. The agreement will give Blom access to all Microsoft clients and their substantial sales force and network. Blom will receive an agreed portion of the revenue Microsoft will earn from their customers use of Blom’s database.
Blom is the first Norwegian company to enter into such an agreement with Microsoft, and the parties agree that the database will form an important enhancement of Microsoft’s database for geographical information, and support their determination to provide the best web based services for location based services in the future.
Blom will actively market the Pictometry® database for other companies all over Europe that prefer a direct access and/or full functionality. Blom will also support Microsoft in their efforts to increase the number of clients and improve the quality of the database they are offering.
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.