DENVER: Intermap Technologies today announced that it received a USD $12.4 million contract to provide 3D digital elevation models and orthorectified radar images as part of a National Spatial Data Infrastructure (NSDI) program to update the client’s current 1:50,000-scale base map. The geospatial data will be used for topographic map production to manage sustainable forestry projects and to support other local infrastructure needs.
Under the terms of the agreement, Intermap will begin collecting the data in January 2011 via interferometric synthetic aperture radar (IFSAR). Prior to data delivery, Intermap will also provide training to the client on the creation of topographic maps.. The Company’s airborne IFSAR data collection system was chosen as the best option for collecting data in rugged areas obscured by prevailing cloud cover.
“Our ability to quickly collect high-resolution elevation data and images in remote regions of the world continues to provide value for our geospatial customers,” commented Todd Oseth, president & CEO for Intermap Technologies. “This contract demonstrates the confidence our customers have in our technical expertise, ability to execute and deliver, and mapping products we provide in the custom-collection mapping services industry.”
About Intermap Technologies
Intermap (IMP.TO) is a preeminent digital mapping and geospatial solutions provider that has set the industry standard for 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 Australia, Calgary, Jakarta, Munich, 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
Nigel Jackson, Interim Vice President & Chief Financial Officer
njackson@intermap.com
+1 (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
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.