Chicago Climate Exchange Approves FORECON EcoMarket Solutions’ Forestry Project Using ImageTree’s ForestSense Platform Technology

First CCX forestry carbon offset project using LiDAR remote sensing and CIR imagery, with ground truthing to establish carbon baseline

FALCONER, N.Y., May 26, 2009 —The Chicago Climate Exchange (CCX) has approved a FORECON EcoMarket Solutions (EMS) forestry carbon offset project that deploys the ImageTree ForestSense technology platform, which combines remote sensing, field inputs, automated software and advanced mathematics to provide a comprehensive view of a forest, capturing every visible tree crown.

As an approved CCX aggregator specializing in forestry projects, FORECON EMS has developed a process to convert the results of an ImageTree comprehensive, crown-based inventory of a forest to a format compatible with its TIGER growth modeling and carbon accounting solution, explained Matt Smith CF, ACF, director of Ecosystem Services at FORECON EMS. This process, he said, was conceptualized around a 13,000-acre plot of land in the Eastern United States to facilitate project accounting using a CCX-approved G&Y model.

“With the acceptance of this project, FORECON EMS has added advanced technology to its options for landowners,” said Smith. “While CCX approves projects on a case-by-case basis, this has certainly paved the way for a new methodology that can be used to establish carbon baselines for forest properties anywhere in the United States.”

About FORECON EcoMarket Solutions, LLC
FORECON EMS is a subsidiary of FORECON, Inc., a multidisciplinary forestry and natural resources consulting firm headquartered in Falconer, N.Y.. FORECON EMS assists clients in capturing financial returns for forest investments associated with sequestered carbon from managed forest offset projects by developing and implementing strategies for evaluating, registering, verifying, reporting, and trading forestry offset carbon credits. As a participant member of the CCX and an approved CCX offset aggregator with access to the CCX Electronic Trading Platform, FORECON EMS brokers, trades and keeps track of client accounting information, which includes the number of credits registered on the exchange, as well as a history of sales transactions. FORECON EMS also has access to the direct sale marketplace, having the capability of taking credible and verifiable carbon offset projects to a growing list of interested purchasers, ranging from private individuals to large corporations. For details, please visit www.foreconinc.com/ecomarket/carbonmarketservices.asp

About ImageTree Corp.
Known as “the precision forestry company,” ImageTree has the ability to incorporate and leverage multiple data and image sources, which often include LiDAR and CIR imagery, to address diverse analysis needs. Its precise baseline assessments of forest assets, including biodiversity and carbon-stock assessments, result in valuable tools and recommendations that facilitate forest-management decisions that can help improve overall productivity and profitability. Morgantown, W.V.-based ImageTree recently signed a strategic technology development agreement with In-Q-Tel to leverage its expertise in geospatial imagery and data in support of the U.S. Intelligence Community, including the CIA. Please visit www.imagetreecorp.com

Note: FORECON ®, FORECON EMS™ and TIGER™ are trademarks of FORECON, Inc. ImageTree, ForestSense, and The Precision Forestry Company are trademarks of ImageTree Corporation. The names of other actual companies, organizations and/or products/services mentioned herein may be the trademarks of their respective owners.