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Article: Earth Search Sciences Meets Key Funding Milestones for Development of the NEMO Hyperspectral Imaging Satellite.
- Article from:
- Business Wire
- Article date:
- January 25, 2000
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Business Editors, High-Tech Writers
MCCALL, Idaho--(BUSINESS WIRE)--Jan. 25, 2000
Earth Search Sciences, Inc. (OTCBB:EDIS) today announced that it has met three key funding milestones to advance development of the first commercial and military hyperspectral imaging satellite.
In December 1999, ESSI paid $2.0 million to meet three key short-term investment milestones. The company has in escrow the funds to meet a fourth funding requirement of $1.0 million, due January 31, 2000.
Earth Search Sciences assumed the role of prime contractor and commercial partner in the Naval EarthMap Observer (NEMO) satellite program through its acquisition ...