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terraVista Ltd. has been established as the vehicle to develop and market an innovative technical concept (terraVX) that will bring a new dimension to the delivery and management of location-based information services. This emerging market is expected to grow very significantly over the next five to ten years, as the infrastructure required to support such services develops and matures and devices capable of delivering them become more pervasive.
These developments have led to the emergence of a market sector now broadly described as “Location Based Services” (LBS). These will increasingly depend on the integration of wireless communications with Geographic Information Systems (GIS), using a digital topographic map as a frame of reference together with a database dynamically providing relevant details. Users will include, for example, emergency services, travellers requiring navigation information or mobile users searching for the nearest service provider of a specified type.
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