PlanGraphics Awarded Innovation Funding from the Kentucky Science and Technology Corporation

FRANKFORT, Ky., Nov. 24, 2003—PlanGraphics, Inc. (OTC BB: PGRA), was recently selected to receive a $200,000 R&D Voucher Fund award from The Innovation Group (TIG) of the Kentucky Science and Technology Corporation (KSTC), based in Lexington, Ky. The funds were made possible by funding through the Kentucky Innovation Act. The award, to be dispersed in equal amounts over two years, represents seed funding for PlanGraphics to evaluate and develop value-added commercial data products created from high-resolution satellite imagery. The new intellectual property (IP) procedures that PlanGraphics will develop and leverage with the funding will result in the availability of enhanced interpretive products for government and business clients in specific geographic locations around the country.

According to Jim Fries, PlanGraphics' project manager, the company frequently recognizes the latent potential of different data types and sources and products that are needed by clients through its consulting practices. After first identifying and developing an understanding of client need and the business potential for the imagery enhancements, PlanGraphics obtained innovation funding from KSTC to cover the initial testing, development, and marketing of the proprietary satellite image enhancements.

PlanGraphics has formed a partnership with Murray State University, which is internationally recognized for its remote sensing expertise, to pursue further development of the new intellectual property.

PlanGraphics, founded in 1979, is a full life-cycle systems integration and implementation firm providing a broad range of services in the design and implementation of information technology in the public and commercial sectors. PlanGraphics' experience with spatial information systems and e-services capabilities provides a critical discriminator among other IT consulting and integration firms. PlanGraphics is headquartered in Frankfort, Ky., and has regional offices in Maryland, Colorado, California, Rhode Island, and New York. On the Web: www.plangraphics.com

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CONTACT: Fred Beisser, Senior Vice President—Finance; Tel: (720) 851-0716 or email: FBeisser@PlanGraphics.com

Copyright 2003 PlanGraphics, Inc.