Ezyimage, the Australian-based subsidiary of Earth Resource Mapping (ERM), is backing its future ASX-listing on ERM's Web image delivery software technology.
ERM develops software called Image Web Server, which uses enhanced compression wavelet (ECW) technology to download pictures and other graphics on a user's interface in a fraction of the time it takes conventional software.
Ezyimage is a joint US-Australian owned company by ERM and Australian mining company Golden State Resources. Ezyimage has just released its prospectus based on ERM's technology and Golden State's recent successful $2 million rights issue.
A number of government and private sector organisations use ERM's Image Web Server, including the CSIRO, Western Mining, Roads and Traffic Authority NSW, SA's Department of Primary Industry and Resources, as well as departments in the US, UK, Japan, Norway, Spain and Italy.
Garry O'Hara, Ezyimage's executive director, claims the technology can be used for a number of applications beyond the analysis of mining and resource geographical information, and is looking to take it to the open market.
"There appears to be significant advantages to Ezyimage utilising the Image Web Server for a broad range of industries - much broader than geo-spatial uses - which is why the company is focusing on mass markets," O'Hara says.
ECW technology Image Web Server can deliver compression ratios of 20:1, 50:1 and 100:1, according to a statement released by Ezyimage.
The company intends to issue 11 million shares at 20 cents each to raise around $2.2 million when it lists within the next two months.
Ezyimage holds the exclusive Australian licence for the ECW technology, which can view a 9MB four-colour photograph in 18 seconds through a 56KB modem. The same via JPEG would take 30 minutes, according to benchmark tests conducted by Ezyimage.