Wednesday, March 24, 2010 DENVER & Munich, Germany: Intermap Technologies, a worldwide 3D digital mapping and geospatial solutions company, today announced it has signed an agreement valued at $1.2 million to provide a leading wireless telecommunications company with 3D digital terrain maps for all of Germany and significant portions of surrounding border countries.
The countrywide NEXTMap digital terrain models (DTMs) and digital surface models (DSMs) will enable the optimization of existing wireless networks and give the customer the ability to perform advanced radio network planning in support of new antennae placement for their broad customer base throughout the country. Network planners can determine optimal antennae heights and locations, field strength coverage and predictions, and ensure current and future network advancements are meeting the needs of their customers. The wide area uniform digital elevation product provides a seamless map dataset for all of Germany and border regions, allowing them to expand their current urban coverage throughout the rural areas of the country.
"Wireless companies need the most current and reliable map datasets available in order to cost effectively optimize the performance of their radio planning tools," stated Adam Denman, Intermap's European vice president and managing director. "Our NEXTMap geospatial data provides the kind of detailed information required to determine accurate ground values and obstruction heights that are crucial for the wireless industry to expand their coverage into rural areas that are not yet receiving service."
"Our customer understands that an upfront investment in accurate geospatial data supports their long term vision and desire to maximize services for their end customers," Denman continued. "Without NEXTMap data, wireless companies would have to rely on inconsistent and unreliable maps or be forced to perform time consuming onsite measurements and costly antennae adjustments, thus delaying new services and increasing costs associated with the necessary expansion and consolidation of radio networks. Telecommunications companies in Western Europe and the U.S. can all benefit from the richness of our NEXTMap elevation data − ready for immediate delivery from our geospatial data store."
Intermap will immediately deliver the digital elevation maps from its library of off-the-shelf radar images and elevation models. The countrywide DTMs and DSMs are specifically de-resolved to a 25-meter post to meet the unique needs of the client.
About Intermap Technologies
Intermap (TSX: IMP.TO) is a preeminent digital mapping company creating uniform high-resolution 3D digital models of the earth's surface. The Company has proactively remapped entire countries and built 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, GPS maps, insurance risk assessment, oil and gas, hydrology, renewable energy, environmental planning, wireless communications, transportation, aviation, and 3D visualization markets.
Headquartered in Denver, Colorado, Intermap has offices in Calgary, Detroit, Jakarta, London, Munich, Paris, Prague, and Washington D.C. For more information, visit www.intermap.com, www.mobile.AccuTerra.com or www.AccuTerra.com.
NEXTMap® and AccuTerra® are registered trademarks of Intermap Technologies Corporation. Other companies and products mentioned herein may be trademarks or registered trademarks of their respective trademark owners.
Contacts:
Intermap Technologies
Brian Musfeldt, Vice President & Chief Financial Officer
bmusfeldt@Intermap.com
(303) 708-0955
Canada — Financial Corbet Pala, Investor Relations
E-vestor Communications Inc.
cpala@evestor.com
(416) 657-2400
United States — Financial
Budd Zuckerman, Investor Relations
Genesis Select Corporation
bzuckerman@genesisselect.com
(303) 415-0200
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 therefrom. 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.
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