Prior to joining Geospatial, Mr. Vosbein has been the Founder and CEO of several successful energy and technology companies.
In 1982 Mr. Vosbein founded Wellstream Corporation, and served as the company’s CEO and President prior to the company’s sale in 1995 to Dresser Industries and subsequent sale in 1998 to Halliburton (NYSE: HAL) and in 2003 to the private equity group Candover Investment Partners. Now Wellstream Holdings, PLC, ( www.wellstream.com) the company is the largest provider of dynamic flexible riser pipelines and static flowlines manufactured for applications in deep and ultra deep undersea environments. Wellstream, which trades on the London Stock Exchange, (symbol “WSM”) employs over 1000 people internationally with facilities in the UK, USA, Canada, Brazil and Australia.
Since leaving Wellstream, Mr. Vosbein has served as Founder and CEO of The Offshore Group, an independent oil and gas exploration and production company, established a joint venture flexible pipe production plant in Changchun, China, and founded Simulis, LLC ( www.simulis.com), a licensor of patented technology and software tools providing Simulation-Based Assessment and Training Products for the energy, healthcare and aviation industries. Simulis has licensed its technology to Simultech, LLC ( www.simultech-usa.com). Customers using Simulis technology include Halliburton, Schlumberger (NYSE: SLB), Weatherford (NYSE: WFT), Pemex, Kaiser Permanente, Smiths Medical, and the American Nurses Association.
Mr. Vosbein received a Bachelor of Business Administration/Economics from Tulane University and his Juris Doctor in Admiralty and Oil and Gas Law from Loyola University.
Mark Smith, Geospatial’s CEO, stated, “David is a wonderful addition to the Geospatial team. In addition to 30 years of legal, entrepreneurial and mergers & acquisition experience within the energy infrastructure industry, David brings a unique understanding of the benefits to be derived by combining Geospatial’s technologies with strong strategic global partners.”
Mr. Vosbein stated, “The worldwide opportunities for Geospatial’s technologies are limitless. Of all of the successful infrastructure and technology ventures that I have been fortunate enough to be involved in, Geospatial presents my most exciting challenge. I am delighted to join the current management team at Geospatial.”
Richard Nieman has stepped down as a director to open a seat for Mr. Vosbein on the board, and will continue his role as Executive Director Corporate Development.
Based in Pittsburgh, Pennsylvania, Geospatial operates globally through its wholly-owned operating subsidiary, Geospatial Mapping Systems, Inc. (d/b/a Geospatial Corporation). Geospatial is an innovative solutions provider of proprietary technologies that permit the accurate mapping and interior geometry assessments of underground pipelines. Geospatial’s technologies permit the Company to economically collect, store and retrieve XYZ mapping coordinates of a pipeline centerline to create three-dimensional Geographic Information System (GIS) databases.
Additional info on Geospatial can be found on our website at www.geospatialcorporation.com.
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