First Geocoding Point-Level Solution to Benefit Internet Mapping, Flood Hazard Determination, Property and Casualty Insurance, Telco and Utility Applications
GeoStan(TM) is an application program interface that corrects, standardizes and geocodes address information. GeoStan(TM) provides a comprehensive set of address-level geocodes by combining USPS(R) postal data with spatial data files from leading data providers, including Tele Atlas, into a single unified data set. Enhanced by Tele Atlas data, the GeoStan(TM) Point-Level Option can locate millions of addresses at the building or parcel center point.
"Accuracy of a geocode is critical for many industries," said Steve Walden, vice president and general manager of Group 1's Centrus Division. "Differences of a few feet matter greatly in these applications. With GeoStan(TM) Point-Level Option, we now have the ability to 'put the point right on top of the house' in many cases."
Historically, geocoding was first performed at the ZIP code level, then ZIP +4, and more recently at the street segment level. With each evolutionary step, geocoding accuracy improved dramatically. With GeoStan(TM) Point-Level Option, positional accuracy is further enhanced. By providing the ability to locate an address at the center of a building or parcel, geocoding precision is improved by over 1000 feet in some cases.
"Tele Atlas has long set the standard for databases that offer the highest geocoding rates in the industry," said Mike Gerling, COO of Tele Atlas North America. "And now, with our address points product, we are pleased to bring an even higher level of geocoding accuracy and precision to the marketplace."
Group 1's GeoStan(TM) Point-Level Option is the company's latest "first" in its long list of business geographics and geocoding achievements, which include:
* First national address-level geocoding system; * First CASS(R)-Certified geocoding system; * First multi-platform geocoding system; * First embedded spatial analysis engine; * First geocoding solution to incorporate LACS to update rural addressing to 911 (city-style) standards; * First national point-level geocoder.
"Group 1 continues to invest in technology development and advancements, such as those announced today to our business geographics solution suite," said Chris Baker, president, Group 1 Software. "GeoStan(TM) Point-Level Option is yet another 'first' that allows us to maintain our leadership position in the geocoding industry."
"We couldn't be more pleased than to have Group 1 bring this technology to the marketplace first," states John Cassidy, director of GIS markets for Tele Atlas. "The combination of Group1's geocoding technology and solutions and Tele Atlas' street databases continues to bring real value to our joint customers in the insurance, risk management, utilities, and government markets."
The GeoStan(TM) Point-Level Option will be available in September 2005.
About Group 1 Software
Group 1 Software, a wholly owned subsidiary of Pitney Bowes, develops software that provides an integrated Customer Communication Management (CCM) solution, which maximizes the value of customer data and improves the effectiveness and efficiency of customer communications. Group 1 Software's solutions are an essential component of enterprise applications, serving to consolidate, cleanse and enrich corporate data, and generate personalized business documents for multi-channel delivery, customer care and efficient business processing. The company's solutions are utilized by over 3,500 organizations worldwide in the utilities, financial services/banking, GIS/mapping, retail, telecommunications, insurance and other industries, including Entergy, L.L. Bean, MapQuest, QVC, Siemens, Wal-Mart and Wells Fargo. For more information about the Company, visit http://www.g1.com.
About Tele Atlas
Founded in 1984, Tele Atlas is a worldwide leading provider of digital maps and dynamic location content for a variety of navigation, location-based services and geospatial products and database solutions. Tele Atlas' database is a highly accurate reproduction of today's street network, enabling turn-by- turn route guidance on a high percentage of European, U.S. and Canadian roads. Tele Atlas' compatibility with major navigation systems and its open system design have placed the company's technology at the heart of both consumer and business-to-business applications worldwide. From logistics to marketing to traffic and fleet management, in almost every sector of today's business and consumer world, Tele Atlas has built a reputation as an acknowledged pioneer and leader in the digital map industry. For more information, please visit http://www.teleatlas.com.
GeoStan, Group 1 and Group 1 Software are trademarks or registered trademarks of Group 1 Software, Inc. All other brand names, trademarks and registered trademarks are the property of their respective owners.
Colette Cote Pitney Bowes 203 351 6132 Email Contact
CONTACT: Colette Cote of Pitney Bowes, +1-203-351-6132,