INTERMAP ANNOUNCES NEW CONTRACT FOR 3D DIGITAL MAP DATA IN ITALY

Posted by Rich Mohr

Nov 30, 2005 10:00:00 AM

Denver, Colorado (November 30, 2005): Intermap Technologies Corp. (IMP:TSX) announced today that its wholly-owned subsidiary Intermap Technologies GmbH has received a new contract for its digital topographic mapping data totaling approximately US$235,000. 

Intermap, in conjunction with Air Data S.r.l. of Padua, Italy, reports that the two companies have received a contract to map 5,600 square kilometers of Regione Piemonte for the Istituto Geografico Militare (IGMI), the national mapping agency of Italy based in Firenze (Florence). This project marks the initial step in Intermap's efforts to eventually map all of Italy. IGMI will use the data to validate Intermap's IFSAR mapping technology as a leading option to create a national digital terrain model (DTM) of the country. In addition, the data, which includes the city of Turin and the alpine areas to the west of Turin, will be used to support infrastructure and security operations at the 2006 Olympic Winter Games. 

"This contract is significant for both Intermap and Air Data as it will further expand our NEXTMap Europe program, which will eventually create the first homogeneous digital terrain model of the European continent," commented Brian Bullock, Intermap's president and chief executive officer. "Additional data will be collected in Europe in 2006, accelerating opportunities for the use of NEXTMap data in various governmental and commercial mapping and GIS applications." 

"Cooperation with Intermap represents a significant step forward in our company's strategy of developing a new set of value-added products based on NEXTMap elevation models. These new products will be offered to the national market using a lower cost approach than would otherwise be possible resulting partially from the affordable end user license agreement policy of Intermap," stated Mauro Mason, president of Air Data. 

Brigadier General Carlo Colella, Deputy Commander of IGMI stated, "The Istituto Geografico Militare Italiano is dedicated to investigating emerging mapping technologies that will increase the value and efficiency of the geospatial products and services offered to our customers. IGMI considers a successful IFSAR pilot project with Intermap and Air Data to be of strategic value to the national mapping infrastructure of Italy, particularly with the increasing demand for three-dimensional mapping and visualization." 

IGMI is the national mapping agency of Italy. Further information can be found at www.igmi.org. 

About Air Data 

Air Data is a mapping company, based in Padova, northern Italy, active in the fields of aerial survey, digital photogrammetry and orthophoto production. The company has recently focused on high-detail, small-scale mapping to meet the needs of urban planners, engineering and transportation companies and decision makers. For more information, visit http://airdata-it.com. 

About Intermap 

Intermap is digitally remapping entire countries, building unprecedented national databases, called NEXTMap, of highly accurate digital topographic maps (including elevation). Customers purchase Intermap's high-quality, low-cost data to facilitate better decision-making for numerous commercial, governmental, military and consumer applications. 

Demand for NEXTMap data is growing as new commercial applications are emerging, including geographical information systems (GIS), engineering planning, transportation, automotive, navigation, flood, irrigation, environmental management and planning, telecommunications network planning, aviation, simulation and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. The products are also used to add interactive intelligence to airborne and satellite images. 

Headquartered in Denver, Colorado, Intermap employs more than 250 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. Intermap is publicly traded on the TSX under the symbol IMP. For more information, visit www.intermap.com. 

For further information, please contact: 

Corbet Pala 
Investor Relations 
E-vestor Communications Inc. 
(416) 657-2400 
cpala@evestor.com 

Richard Mohr 
CFO 
Intermap Technologies Inc. 
(303) 708-0955 
rmohr@.intermap.com
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Topics: NEXTMap

INTERMAP COMPLETELY REMAPS STATE OF HAWAII IN 3D

Posted by Rich Mohr

Nov 23, 2005 9:00:00 AM

Denver, Colorado (November 23, 2005): Intermap Technologies Corp. (IMP-TSX) announced today that it has completed the data acquisition of the state of Hawaii under its NEXTMap USA program. Eight of the Hawaiian Islands have been mapped with the coverage area including: Oahu, Kauai, Maui, Hawaii, Molokai, Nihau, Lania and Kahoolawe. The completion of Hawaii progresses Intermap's plan to digitally map the entire continental United States and Hawaii in three dimensions. Acquisition of the entire states of California, Florida and Mississippi has also been completed, as well as portions of many other states, bringing the Company's total coverage to date to over 1,000,000 square kilometers, totaling over 15 percent of the entire USA. 

Collection of the data was partially funded through a contract totaling approximately US$340,000 from the National Oceanic Atmospheric Administration (NOAA). Over the last year, Intermap has sold coastal data of the continental United States to NOAA, providing NEXTMap USA imagery and elevation map data for regions in Florida, Alabama, Louisiana and Mississippi. The sales have been part of a planned multi-year purchase program that is anticipated to include selling NEXTMap coastal data for the entire continental United States. 

"Our effort to complete the Hawaiian Islands ahead of schedule propels our NEXTMap USA program another step forward. In fact our 2006 plans will focus our NEXTMap USA acquisition efforts on the state of Texas," commented Brian Bullock, Intermap's president and CEO. 

Intermap's product offerings under the NEXTMap USA program include terrain elevation data as well as orthorectified radar imagery. Datasets for many areas of California are now available for purchase through Intermap's online data store, with entire datasets scheduled to be available for purchase later this year. In addition to its standard data products, Intermap provides orthorectified color imagery products upon request. 

About Intermap 

Intermap is digitally remapping entire countries, building unprecedented national databases, called NEXTMap, of highly accurate digital topographic maps (including elevation). Customers purchase Intermap's high-quality, low-cost data to facilitate better decision-making for numerous commercial, governmental, military and consumer applications. 

Demand for NEXTMap data is growing as new commercial applications are emerging, including geographical information systems (GIS), engineering planning, transportation, automotive, navigation, flood, irrigation, environmental management and planning, telecommunications network planning, aviation, simulation and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. The products are also used to add interactive intelligence to airborne and satellite images. 

Headquartered in Denver, Colorado, Intermap employs more than 250 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. Intermap is publicly traded on the Toronto Stock Exchange under the symbol IMP. For more information, visit www.intermap.com. 

CANADA 
Corbet Pala 
Investor Relations 
E-vestor Communications Inc. 
(416) 657-2400 
cpala@evestor.com 

UNITED STATES 
Budd Zuckerman 
Investor Relations 
Genesis Select Corporation 
(303) 415-0200 
bzuckerman@genesisselect.com
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Topics: NEXTMap

Intermap Reports 2005 Third Quarter Results and Announces NEXTMap USA Fully Funded

Posted by Rich Mohr

Nov 14, 2005 8:00:00 AM

Calgary, Alberta - November 14, 2005. Intermap Technologies Corporation (the "Company") (TSX:IMP), today reported third quarter results for the three and nine month periods ended September 30, 2005. (The Company has historically prepared its consolidated financial statements in Canadian dollars. As a result of the continued expansion of the Company's US operations, a significant and growing US customer base, and because the majority of its global revenue and assets are denominated in US dollars, the Company elected to adopt the US dollar as its reporting currency effective January 1, 2005. The financial information for all periods has been translated into the new reporting currency. All amounts in this news release are in US dollars unless otherwise noted.) 

Brian Bullock, President & CEO of Intermap stated, "Intermap has entered a new phase in its growth plan following several significant developments since our last quarterly report. Most notably, we are accelerating our monumental NEXTMap USA project from a 5-year build plan to a 3-year build plan as the project is now fully funded following the closing of an C$80 million ($68 million) financing. In addition, three early customer commitments have been received for national purchases of the NEXTMap USA data totaling $28 million. Our vision to remap the entire United States and Europe in three dimensions at sub-meter accuracy is quickly becoming a reality. The NEXTMap products will be the most accurate national maps in existence. Ownership of this dataset is viewed as a tremendously valuable asset." 

Intermap's NEXTMap business model is based on building geospatial databases of complete national digital elevation and terrain maps, then licensing the data to multiple customers for varied applications. 

Third Quarter Financial Results 

Revenues increased for the quarter ended September 30, 2005, to $5.1 million as compared to revenues of $4.8 million in the third quarter of 2004. Total contract services revenue increased to $4.0 million from $2.5 million and license revenues from sales of the Company's NEXTMap database were $1.2 million compared to $2.3 million for the third quarters of 2005 and 2004, respectively. Intermap reported a net loss for the quarter of $939,000, or ($0.05) per share, as compared to a net loss of $671,000, or ($0.04) per share, in the third quarter of 2004. 

Cash and cash equivalents at September 30, 2005, were $1.3 million, compared with $3.6 million at December 31, 2004. At September 30, 2005, the Company's working capital was $3.3 million, compared with $5.0 million at December 31, 2004. 

NEXTMap USA Fully Funded 

On November 3, 2005, the Company completed a C$80 million ($68 million) financing. In addition, the financing provides for an over-allotment option of approximately C$12 million ($10 million) that must be exercised within thirty days from the date of closing. The funds raised in this financing will enable Intermap to accelerate completion of the NEXTMap USA program to three years and to commence its NEXTMap Europe initiative. Data collection will begin in Germany in 2006 to address immediate interest in three dimensional road data for automotive applications by German car companies. NEXTMap data provides many benefits to customers for numerous applications. 

"This funding was important to our NEXTMap program and we thank our investors for sharing our vision," said Mr. Bullock. "We had investor participation in Canada, the US and Europe. Investor interest is being driven by the recognition of momentum within the Intelligent Transportation Systems (ITS) markets for active safety in automobiles, and also by the increasing applications and demand for online mapping information as demonstrated by the success of Google Earth and Microsoft's upcoming MSN Virtual Earth product. Location based services is predicted to be the next major information utility and accurate mapping data is at the core of success with new applications and services." 

California, Florida Maps Completed; Other USA Blocks Collected 

Progress on NEXTMap USA continued in the third quarter as the Company completed acquisition and processing of more than 216,000 square kilometers of NEXTMap USA data. The acquisition and processing of data in the states of California, Florida and Mississippi is now substantially complete with large portions of data currently available for sale in each of these areas. All of the state of Hawaii was also recently collected, along with areas in Texas and Oklahoma. 

Intermap now owns blocks of data in the following states: Alabama, Arizona, California, Florida, Louisiana, Hawaii, Michigan, Mississippi, Oklahoma, Texas and West Virginia. 

Significant investment has been made into building the Company's NEXTMap USA database. At over 400,000 square kilometers, California is the largest single region acquired thus far under the NEXTMap program. For the NEXTMap USA project since its inception, approximately 1,260,000 square kilometers of data have been acquired or approximately 16% of the project. At the end of the third quarter, the Company had invested more than $18 million into its NEXTMap USA project. 

To most efficiently acquire data during the upcoming winter season, the Company's aircraft will concentrate on acquiring data primarily on over-seas contract services work, with only a limited amount of data collection taking place on the NEXTMap USA project during this period of time. However, additional NEXTMap USA data will continue to become available during this period as data finishing on previously acquired data is completed and added to the database available for sale. 

NEXTMap USA Data Sales Increase to NOAA 

Intermap is licensing its terrain data and radar imagery of the Hawaiian Islands to the National Oceanic & Atmospheric Administration (NOAA). The data will also be licensed to all state and local agencies within the state of Hawaii. Over the last year, Intermap has sold coastal data of the continental United States to NOAA providing NEXTMap USA imagery and elevation map data for regions in Florida, Alabama, Louisiana and Mississippi. The sales have been part of a planned multi-year purchase program that is anticipated will result in the sale of NEXTMap coastal data for the entire continental United States. 

Intelligent Transportation Systems Demanding 3D Road Data 

Interest in three dimensional road data for automobile navigation and active safety applications is increasing. Intermap executives have met with more than thirty companies within this market space in 2005. Based on interest from car manufacturers in the US and Germany, Intermap has now collected data in both Michigan and Germany. Blocks of data in California, Michigan and Mississippi were recently tested for road centerline accuracy to address requirements demanded by the automotive industry applications. The results surpassed the requirements in all areas. 

Brian Bullock explained the interest in accurate road data for active safety applications: "Today's automobiles are very safe. Car manufacturers have done about all they can with technology to prevent injury in the event of an automobile accident. Airbags, crumple zones, stability control and ABS brakes, for example, are standard on most cars today. These are all examples of passive safety technology for a vehicle that is involved in an accident. The next step automobile manufactures are taking is active safety applications to prevent accidents from happening in the first place. A vehicle computer's accurate knowledge of the road ahead and its slope is critical for many active safety applications. Many concept cars already have the technology for active safety installed. What's missing for increased effectiveness is the necessary roadmap data. We are creating that data." 

Strategic Partnerships - Harman/Becker Automotive Systems GmbH 

As a result of significant interest from the automotive sector in the NEXTMap database, Intermap recently signed a development agreement with Harman/Becker for three dimensional road navigation and active safety applications. Combining Harman/Becker's innovative automotive systems knowledge with Intermap's highly accurate geospatial databases will provide the resources to develop advanced three dimensional car navigation applications and to meet market demand for more intuitive navigation systems and advanced vehicle safety systems. "The sense of urgency that we witnessed at Harman Becker and other companies, led us to put Germany on our manifest for 2006," said Brian Bullock. "Enhancements to navigation systems could use this data as early as 2007 in certain markets." 

Telecom Industry Leveraging NEXTMap Data 

NEXTMap Britain data is now being utilized in the UK by telecommunications companies to assist in network planning. Five mobile communications companies have licensed NEXTMap data for various areas of the UK. Engineering applications include creating and analyzing virtual maps, which determine optimal cellular tower location for the most effective spectrum transmissions over a particular area with a single tower. This improves network performance and reduces the number of towers required. It has demonstrated dramatic savings for telecom companies. The successful UK experience is expected to result in similar adoption by American cellular operators as NEXTMap USA data becomes available. 

NEXTMap Britain Data Supports Commercial Flood Mapping in UK 

As previously announced, Intermap signed a royalty agreement with Norwich Union to use NEXTMap Britain data linked to the commercialization of the UK insurer's flood map of Britain. This agreement is a significant step in making the innovative flood map available both to the public and other commercial interests. "The ongoing relationship with Intermap secured by this agreement is important as we move towards the commercialization of this valuable and innovative data asset," stated Brian Richards, director of Norwich Union's data services. 

The need for more accurate flood risk assessment became evident in October 2000, when floods that took place in the UK cost the insurance industry one billion pounds sterling. In England and Wales, around five million people in two million properties live in areas of flood risk. In 2002, Norwich Union partnered with Intermap to capture elevation data of the whole of England, Wales and southern Scotland. This data will be the foundation for Norwich Union's flood hazard mapping efforts moving forward. Providing more accurate and realistic insurance quotes not only lessens the risk on the insurance company itself, but also provides customers with fairer quotes. 

NEXTMap USA Data Supporting Hurricane Katrina Rebuilding Efforts 

Intermap's experience at providing effective flood mapping data in Britain is being utilized in the USA following the devastation of Hurricane Katrina. Intermap has provided the Federal Emergency Management Agency (FEMA), the United States Geological Survey (USGS) and NOAA with terrain elevation and imagery data of the Gulf Coast region for the Katrina rebuilding effort. The data was made available to state, local and federal officials at no charge through 2005. In addition to the pre-hurricane data, Intermap completed the collection of post-hurricane data over the hardest hit regions of the Gulf Coast. 

Conference Call 

A conference call to review the results will take place today, November 14, at 11:00 a.m., ET (9:00 am MT). Brian Bullock, President and CEO and Richard Mohr, CFO will speak on behalf of the Company. A question-and-answer period will follow a review of the financial results and update on the Company's strategies and progress on its NEXTMap business model. Detailed financial results for the quarter and management's discussion and analysis can be found on SEDAR, at www.sedar.com. 

To participate in the call, please dial 416-695-6623 or 1-888-280-8771 approximately 10 minutes prior to the conference call. A live audio webcast of the teleconference will also be available on Intermap's website (www.intermap.com). 

A recording of the conference call will be available through November 21. Please dial 416-695-5275 or 1-888-509-0081 to listen to the rebroadcast. A live audio webcast of the teleconference will also be available on Intermap's website. 

About Intermap 

Intermap is digitally remapping entire countries, building unprecedented national databases, called NEXTMap, of highly accurate digital topographic maps (including elevation). Customers purchase Intermap's high-quality, low-cost data to facilitate better decision-making for numerous commercial, government, military and consumer applications. 

Demand for NEXTMap data is growing as new commercial applications are emerging, including geographical information systems (GIS), engineering planning, transportation, automotive, navigation, flood modeling, irrigation, environmental management and planning, telecommunications network planning, aviation, simulation and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. The products are also used to add interactive intelligence to airborne and satellite images. 

Headquartered in Denver, Colorado, Intermap employs more than 250 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. Intermap is publicly traded on the TSX under the symbol IMP. For more information, visit www.intermap.com. 

The above disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Intermap's control, including: the impact of general economic conditions, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to the announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. Intermap's actual results, performance or achievement 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, including the amount of proceed, that Intermap will derive therefrom. 

Corbet Pala 
E.vestor Communications Inc. 
Investor Relations - CANADA 
(416) 657-2400 
Email: cpala@evestor.com 

Richard Mohr 
Intermap Technologies 
Chief Financial Officer 
(303) 708-0955, Ext. 214 
Email: rmohr@.intermap.com 

Budd Zuckerman 
Genesis Select Corporation 
Investor Relations - UNITED STATES 
(303) 415-0200 
Email: bzuckerman@genesisselect.com 

INTERMAP TECHNOLOGIES CORPORATION Consolidated Statements of Operations and Deficit (In thousands of United States dollars, except per share information)

------------------------------------------------------------------------ ------------------------------------------------------------------------ 3 months 3 months 9 months 9 months ended ended ended ended September September September September 30, 2005 30, 2004 30, 2005 30, 2004 ------------------------------------------------------------------------ (unaudited) (unaudited) (unaudited) (unaudited)

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Topics: Financial Results

Intermap Notice: Third Quarter Conference Call

Posted by Rich Mohr

Nov 9, 2005 8:00:00 AM

Calgary, Alberta - November 9, 2005 - Intermap Technologies Corporation, (TSX:IMP) issued notice today that it will release its third quarter financial results for the period ended September 30, 2005 prior to market open on Monday November 14, 2005. 

A conference call to review the results will take place the same day 11:00 am., EDT (9:00am MDT). Brian Bullock, President and CEO and Richard Mohr, CFO will speak on behalf of the Company. A question-and-answer period will follow a review of the financial results and update on the Company's strategies and progress on its NEXTMap business model. 

To participate in the call, please dial 416-695-6623 or 1-888-280-8771 approximately 10 minutes prior to the conference call. A live audio webcast of the teleconference will also be available on Intermap's website (www.intermap.com). 

A recording of the conference call will be available through November 21. Please dial 416-695-5275 or 1-888-509-0081 to listen to the rebroadcast. A live audio webcast of the teleconference will also be available on Intermap's website. 

Intermap is digitally remapping entire countries, building unprecedented national databases, called NEXTMap, of highly accurate digital topographic maps (including elevation). Customers purchase Intermap's high-quality, low-cost data to facilitate better decision-making for numerous commercial, governmental, military and consumer applications. 

Demand for NEXTMap data is growing as new commercial applications are emerging, including geographical information systems (GIS), engineering planning, transportation, automotive, navigation, flood, irrigation, environmental management and planning, telecommunications network planning, aviation, simulation and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. The products are also used to add interactive intelligence to airborne and satellite images. 

Headquartered in Denver, Colorado, Intermap employs more than 250 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. Intermap is publicly traded on the TSX Toronto Stock Exchange under the symbol IMP. For more information, visit www.intermap.com. 

For further information, please contact: 

CANADA 
Corbet Pala 
Investor Relations 
E-vestor Communications Inc. 
(416) 657-2400 
cpala@evestor.com 

UNITED STATES 
Budd Zuckerman 
Investor Relations 
Genesis Select Corporation 
(303) 415-0200 
bzuckerman@genesisselect.com
 
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Topics: Financial Results

INTERMAP COMPLETES CDN$80.0 MILLION FINANCING

Posted by Rich Mohr

Nov 3, 2005 8:00:00 AM

Denver, Colorado (November 3, 2005): Intermap Technologies Corporation (IMP -TSX), announced today the completion of the common share offering announced on October 14, 2005. The Company sold 16,330,000 Common Shares at a price of $4.90 per Common Share through Canaccord Capital Corporation (the "Underwriter") pursuant to an Underwriting Agreement dated October 18, 2005. Sanders Morris Harris Inc. and Adams Harkness Financial Group, Inc. served as placement agents in the United States. 

The Offering resulted in total gross proceeds to Intermap of $80.0 million. The net proceeds from the financing will be utilized to fund the development of the NEXTMap USA and NEXTMap Europe projects as well as for working capital and other general corporate purposes. The Underwriter has an over-allotment option giving it the right to purchase up to an additional 2,449,500 Common Shares of Intermap within 30 days after closing of the offering at a price of $4.90 per Common Share. 

Brian Bullock, Intermap's President and Chief Executive Officer commented "We are extremely pleased with the support that we have received from the investment community in Canada, the United States and Europe which has enabled us to complete this financing. The funds raised will allow us to accelerate our NEXTMap USA program and commence our NEXTMap Europe initiative. The NEXTMap data will result in tremendous benefits to customers for numerous applications." 

The Common Shares have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States, or to a U.S. person, absent registration, or an applicable exemption therefrom. The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 

About Intermap 

Intermap is digitally remapping entire countries, building unprecedented national databases, called NEXTMap, of highly accurate digital topographic maps (including elevation). Customers purchase Intermap's high-quality, low-cost data to facilitate better decision-making for numerous commercial, governmental, military and consumer applications. Demand for NEXTMap data is growing as new commercial applications are emerging, including geographical information systems (GIS), engineering planning, transportation, automotive, navigation, flood, irrigation, environmental management and planning, telecommunications network planning, aviation, simulation and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. The products are also used to add interactive intelligence to airborne and satellite images. 

Headquartered in Denver, Colorado, Intermap employs more than 250 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. Intermap is publicly traded on the TSX under the symbol IMP. For more information, visit www.intermap.com. 

For further information, please contact: 
Richard Mohr, CFO 
rmohr@.intermap.com 
(303) 708-0955 

Investor inquiries: 
CANADA 
Corbet Pala 
Investor Relations 
E-vestor Communications Inc. 
(416) 657-2400 
cpala@evestor.com 

UNITED STATES 
Budd Zuckerman 
Investor Relations 
Genesis Select Corporation 
(303) 415-0200 
bzuckerman@genesisselect.com
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Topics: Financial Results

INTERMAP BOUGHT DEAL FINANCING INCREASED TO CDN$80.0 MILLION

Posted by Rich Mohr

Nov 2, 2005 8:00:00 AM

Denver, Colorado (November 2, 2005): Intermap Technologies Corporation (IMP -TSX), announced today that its previously announced Common Share offering has been increased by an additional 6,125,000 Common Shares on exercise of an option (the "Underwriter's Option") granted to Canaccord Capital Corporation (the "Underwriter") pursuant to an Underwriting Agreement dated October 18, 2005. Adam Harkness Financial Group, Inc. and Sanders Morris Harris Inc. served as placement agents in the United States.

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Topics: Financial Results

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