Monday, December 17, 2007 Intermap Technologies today announced an agreement with Magellan, one of the fastest growing GPS manufacturers in the world, to provide outdoor map content products for Magellan's line of handheld GPS devices. Intermap's AccuTerraTM map products will provide users with outdoor specific map data for the contiguous 48 states and Hawaii.
We are pleased to be working with Magellan under this agreement to provide them with the nation's best recreational map content available for GPS devices,” commented Eric DesRoche, senior vice president of consumer electronics for Intermap Technologies. “The detailed digital mapping content that will be available to consumers through this partnership will further improve their GPS user experience.”
Intermap is creating consumer mapping products using Magellan's Solution Developer Kit (MSDK) MapCreator software. MSDK is a 3rd party development toolkit that enables licensees to develop world class mapping products and software enhancement to enhance Magellan's GPS product line offerings. MSDK-derived content products are compatible with both GPS devices and VantagePoint desktop software.
“This agreement with Intermap is important to outdoor enthusiasts because the content that Intermap is building is perfectly suited to the new generation of GPS products and our customers' needs for even more accurate off road data,” said Christian Bubenheim, Magellan's Vice President of product marketing.
About Intermap Technologies:
Intermap (TSX: IMP.TO, AIM: IMAP.L) is a preeminent digital mapping company creating uniform high-resolution 3D digital models of the earth's surface. The Company is proactively remapping entire countries and building uniform national databases, called NEXTMap®, consisting of affordably priced elevation data and geometric images of unprecedented accuracy. Demand for NEXTMap® data is growing as new commercial applications emerge within the GIS, engineering, automotive, personal navigation device, insurance risk assessment, oil and gas, hydrology, environmental planning, wireless communications, transportation, aviation, and 3D visualization markets.
Headquartered in Denver, Colorado, Intermap employs more than 560 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, and Prague. For more information, visit www.intermap.com.
Contact:
Kevin Thomas, Vice President, Marketing
kthomas@.intermap.com
303-708-0955
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Intermap Reader Advisory
This news release contains certain forward-looking statements, which include certain assumptions with respect to the future business and operations of the Company. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive there from. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release # # #
© 2007 Magellan Navigation, Inc. All rights reserved. Magellan, Maestro, RoadMate, CrossoverGPS, Triton, and ProMark are trademarks of Magellan Navigation, Inc. Hertz and NeverLost are registered trademarks of Hertz Systems, Inc. The AAA logo, AAA TourBook and Show Your Card & Save are registered trademarks of the Automobile Association of America.
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