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SOURCE Rolta India Limited
MUMBAI, February 24, 2014 /PRNewswire/ --
Rolta today announced that it has been awarded a prestigious 3D City Modeling contract valued at $4M by a major Middle-Eastern country.
Rolta is an early mover in developing, adopting and mastering the technologies required to address this emerging trend of using 3D City Models for planning and e-governance. The Company first won a project for establishing a large 3D map for Dubai. This was followed by multi-million dollar add-on awards from Dubai, a contract from the Sultanate of Oman, and the path-breaking $25M project recently awarded by Abu Dhabi. With these significant wins, Rolta has established an enviable track-record for creating 3D City Models, and has developed a library of its own sophisticated software tools, work-flows and specialized skills.
It is evident that use of 3D City Models for town planning, infrastructure development, environmental management, homeland security and emergency response is the new trend and is gaining rapid acceptance. This project will reinforce the potential of this technology to other cities who are readying their own plans to embark on similar initiatives, thereby offering opportunities worth hundreds of millions of dollars for companies like Rolta.
This project entails the creation of a 3D City model over a large urban area of 3,000 sq. km. Modeling a city in 3D involves deployment of very sophisticated technologies, such as aerial oblique imaging, photogrammetric mapping, street-view imaging, GPS surveys, laser-scanning, and integration of numerous disparate data sources into a special-purpose data-model that lends itself to spatial analysis. Integrated spatial and non-spatial data will be accessed via the Web through Rolta OnPoint™ by diverse users based on security access privileges of each. Rolta will use a number of software suites from its large repository of intellectual property to perform specialized tasks for such modeling, besides also leveraging 'The Street Factory' software from 'Airbus, Defense & Space' for certain tasks.
This award recognizes Rolta's unique ability to provide domain expertise and deliver sophisticated technology solutions that fundamentally change how agencies and governments fulfill their missions. This project is a natural evolution and extension of Rolta Geospatial Fusion[TM] platform strategy. Geospatial Fusion is an enterprise-level application framework that enables integration of disparate sources of geospatial and non-spatial data, and interfaces readily with third party application software to create a comprehensive solution tailored to suit the customer's specific needs.
Mr. K.K. Singh, Chairman and CEO of Rolta said, "We are very pleased to have been selected for yet another 3D City Modeling project. Our customer is among the early adopters of the new paradigm for effective e-governance and delivery of citizen services. At Rolta, we are excited to have the technology and the expertise to help customers participate in '3D Digital Globe' initiatives."
Rolta is a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defense/HLS, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare. By uniquely combining its expertise in the IT, Engineering and Geospatial domains, Rolta develops exceptional solutions for these segments. The Company leverages its industry-specific know-how, rich repository of intellectual property that spans photogrammetry, image processing, geospatial applications, business intelligence, analytics, field-proven solution frameworks, and deep expertise in cutting-edge technologies like Geo BI, Cloud computing, Software Defined Infrastructure and Big Data for providing sophisticated enterprise-level integrated solutions. Rolta is a multinational organization headquartered in India. The Company operates from 40 locations worldwide through its subsidiaries, and has executed projects in over 45 countries. The Company benchmarks its quality processes to the world's best standards, like successful assessment for Software Application Development and Maintenance at the highest Level 5 of SEI's CMMI® version 1.3. Rolta is listed on the Bombay Stock Exchange & National Stock Exchange, and forms part of various indices on BSE/NSE in India. The Company's GDRs are listed on the Main Board of London Stock Exchange. The Company's 'Senior Notes' are listed on Singapore Stock Exchange.
Disclaimer: This press release includes statements that are not historical in nature and that may be characterized as "forward-looking statements", including those related to future financial and operating results, benefits and synergies of the Company's brands and strategies, future opportunities and the growth of the market for open source solutions. You should be aware that Rolta's actual results could differ materially from those contained in the forward-looking statements, which are based on current expectations of Rolta management and are subject to a number of risks and uncertainties, including, but not limited to, Rolta's ability to integrate acquired operations and employees, Rolta's success in executing its strategies, Rolta's ability to take a competitive position in the industry, business conditions and the general economy, market opportunities, potential new business strategies, competitive factors, sales and marketing execution, shifts in technologies or market demand, and any other factors. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
For additional information visit http://www.rolta.com or contact:
A. P. Singh
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