Growing Technology Company URMC Announces New Company Headquarters and Relocation to Stowe, Vermont

STOWE, Vt.—(BUSINESS WIRE)—July 14, 2008— URMC announced today that it has moved its headquarters, including all operations, administrative and executive positions to Stowe, VT, effective July 14, 2008. A growing utility-focused risk management company, URMC sees the move as a strategic decision designed to access the states appealing workforce. The company will also benefit from The Vermont Employment Growth Incentive (VEGI) program, designed to create new jobs and economic growth within the State.

Founded in 2005, URMC is a risk management services company dedicated to improving the reliability and productivity of utility companies throughout North America. The companys intelligence-based, risk management solutions allow for the automated inventory of utility companies transmission assets as well as all nearby vegetation that could threaten power transmission lines due to weather or normal growth.

URMCs founder and president, Adam Rousselle, commented that while the States economic incentives were attractive to URMC, the decision ultimately came down to the quality of the States workforce.

The State of Vermont is creating an attractive and economically viable environment for companies like URMC to headquarter, said Rousselle. For URMC, the economic incentives, capital for employee training and other growth initiatives, were among the factors that convinced us Vermont was the right place for our company. Perhaps the deciding factor though was access to quality, technically savvy professionals that help make Vermont a destination for growing technology companies like URMC. Stowe, VT is the ideal venue for us to begin the next stage of our growth.

The Vermont Employment Growth Incentive (VEGI) program provides financial support in the form of cash payments for increases in employees and investments in capital facilities, machinery, and equipment. In addition to the VEGI program, assistance for infrastructure development is also available to municipalities through the Tax Increment Financing (TIF) Program.

The Governor and state officials, seeing great value in URMCs growth and potential, recruited URMC to relocate to Vermont to add jobs and revenue to its economy. URMCs relocation comes at a time when the company has seen great demand for its services, necessitating the companys expansion. URMC has established partnerships with best-of-breed utility technology and services companies to support its platform, and the company has already announced commercial relationships with leading utility companies, including American Electric Power.

To meet the growing demand, URMC is immediately recruiting engineers, GIS analysts, administrative staff and sales professionals. Rousselle plans to hire Vermonters for 12 GIS and engineer positions, and he will begin building a robust sales force to continue the companys expansion.

First and foremost were proud to welcome URMC to Vermont, commented Vermont Lieutenant Governor Brian Dubie. This is a company that has grown quickly since its founding in 2005, and we are honored they have chosen Vermont as the location for their national headquarters. The company brings with it high-tech job opportunities Vermonters are seeking in the changing economy.

According to a report by the Vermont Economic Progress Council in May 2008, companies have created 296 new jobs with $10.5 million in new payroll under the VEGI program.

URMCs relocation to our State is mutually beneficial, as the company brings with it high-tech, well-paying jobs, while our States VEGI program simultaneously offers them economic incentives and a platform for growth, says Vermont Governor Jim Douglas. Whats more, the VEGI program also ensures the creation of jobs, new payroll, and capital investments in our communities a long standing commitment of my governorship.

About URMC

URMC is a utility-focused risk management services company dedicated to improving the reliability and productivity of utility companies around the globe. We produce and deliver empirical, risk-specific inventory and analysis via advance remote sensing technology and process methodology.

URMC's proprietary and patent-pending technology and tools allow us to define, analyze and understand vegetation-related risk with a speed, accuracy and consistency unmatched by traditional approaches. URMC goes beyond technology to provide the tools to identify risks, mitigate and audit them for complete asset management.

URMC is an exclusive partner of ArborMetrics Solutions, Inc. Learn more about URMC, current job openings and our upcoming job fair by visiting www.utilityrisk.com.



Contact:

Press Contact:
Gregory FCA Communications
Matt McLoughlin, 610-642-8253, ext 129

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