DENVER - Intermap Technologies Corp. today announced the passing of Dr. Craig Marks at approximately 11:00 p.m., Monday, July 20, 2009. A member of the Intermap board of directors for over a decade, Dr. Marks received his Ph.D. from the California Institute of Technology and worked for 37 years in engineering and technology development in the automotive industry. He spent 27 years in engineering at General Motors and then went on to executive positions within TRW and Allied Signal (now Honeywell). After leaving Allied Signal, Dr. Marks was engaged as an adjunct professor at the University of Michigan. He joined the Intermap board of directors in January 1998 and was a driving force in shaping the Company's current and future vision.
"Intermap has lost a fine and dedicated director, and Michigan has truly lost one of its finest citizens," said Brian Bullock, Intermap's president and CEO. "In Intermap's very early days, Craig commented that when we discover a new way to measure things, great inventions follow. Craig believed as I do that Intermap's vision has a higher purpose that will benefit our society by making automobile travel safer and more efficient. Craig has been an example to all around him of how to balance a successful career with family life, and service to the community. He graduated life with honor and without regret and I will miss him deeply."
The Company is conducting a search for a replacement member to the board of directors and expects to announce a new member by the end of this calendar year.
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, GPS maps, 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 850 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, Paris, Prague, and Washington D.C. For more information, visit www.Intermap.com.
NEXTMap® is a registered trademark of Intermap Technologies Corporation
For more information, please contact:
Intermap Technologies
Richard Mohr, Senior Vice President & Chief Financial Officer
(303) 708-0955
Intermap Reader Advisory
Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. You can find a discussion of such risks and uncertainties in our Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. 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 Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. 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 forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.