CALGARY, Alberta - October 31, 2006 - Intermap Technologies Corporation, (TSX: IMP, AIM: IMAP) issued notice today that it will release its 2006 third quarter financial results after the Toronto Stock Exchange closes on Monday, November 6, 2006.
A conference call to review the results will take place the following day, November 7 at 2:00pm EST (12:00pm MST, 7:00pm GMT). Brian Bullock, president and CEO and Richard Mohr, CFO will speak on behalf of the Company. Mr. Bullock and Mr. Mohr will provide an update on the Company's strategies and progress on its NEXTMap business model. A question-and-answer period will follow the review of the financial results.
A slide presentation will accompany Intermap's conference call and will be available for download on November 6 at: ftp1.intermaptechnologies.com (copy and paste into your browser). Username and password will be provided in the Q3 results press release.
To participate in the call, please dial +1-416-644-3430 or +1-866-250-4892 approximately 10 minutes prior to the conference call. A recording of the conference call will be available through November 14, 2006. For replay, please dial +1-416-640-1917 or +1-877-289-8525 and provide the following password: 21208201#. An audio webcast of the teleconference will also be available on Intermap's website.
For further information, please contact:
Canada - Financial
Corbet Pala, Investor Relations
E-vestor Communications Inc.
United States - Financial
Budd Zuckerman, Investor Relations
Genesis Select Corporation
United Kingdom - AIM, Nominated Advisor
Canaccord Adams Limited
+(44) (0) 207 518 2777
DENVER, Colo., Intermap Technologies Corp. (IMP:TSX, AIM: IMAP) today announced an engineering innovation and technological advancement to an industry-leading radar collection technology - IFSAR (Interferometric Synthetic Aperture Radar). The Company has reached a significant breakthrough to its STAR-4 airborne mapping system with the addition of an advanced planar array antennae that improves the efficiency and accuracy of the IFSAR technology.
The upgraded system was fully integrated into the Company's production stream last week and is expected to enable Intermap's STAR-4 mapping system to collect 3D elevation data 12% to 15% more efficiently than with the previous antenna configuration.
The Company's STAR-4 mapping system is currently collecting 3D data in the United States as part of Intermap's NEXTMap® USA program and will continue to collect data around the world on custom projects. Additionally, the Company has four additional aircraft equipped with IFSAR technology that are being used for data collection in its NEXTMap programs and for its fee-for-service business throughout the world.
According to Michael Bullock, Intermap's vice president of engineering, "The advancements made by our engineering teams are significant to the Company and the industry as this new STAR-4 planar antennae will significantly improve the generation of high-quality NEXTMap® products while setting the stage for the development of next generation high-resolution custom data products."
Kevin Thomas, Vice President, Marketing
DENVER, Colo., and MUNICH, Germany (October 10, 2006) --- Intermap Technologies, Inc. (TSX: IMP.TO, AIM: IMAP.L) a geospatial industry leader, and Definiens AG, the leading Enterprise Image Intelligence software provider, announced today at INTERGEO in Munich that they have signed an agreement to develop a land cover vector layer product called EARThemes®, covering all of Germany and the United Kingdom. EARThemes® combines radar imagery, digital surface models, and IFSAR data and through an automatic analysis engine creates uniquely accurate land cover datasets.
Available beginning January 2007, EARThemes® will consist of a contiguous, contemporary thematic layer of Germany that includes five categories of land cover: urban, vegetation, agriculture, water, and rural area. Polygons of non-vegetated and non-populated areas will include additional slope information. The data will be available in an Arc GIS format, ready to integrate into any GIS application within or outside the ESRI environment.
EARThemes® can be utilized by local and state government agencies and commercial enterprises to harness the valuable information from radar imagery without needing to be a radar expert. The product provides accurate and up-to-date GIS ready basic land cover information without any gaps. It can serve as the foundation layer in the areas of urban planning, forestry and agriculture management, watershed analysis, and infrastructure characterization.
"Combining highly accurate orthorectified radar imagery and digital surface models with the unique patented Definiens eCognition product suite and optimized IFSAR data has enabled us to offer accurate land cover data on a country-wide basis," commented Rene Hermes, Definiens' vice president of marketing. "Initial tests have shown an overall accuracy of more than 90%. This will dramatically reduce the time and effort government agencies and commercial enterprises spend analyzing basic land cover. With EARThemes®, they can base their decisions on unprecedented consistency in time, space and classification of topographic maps."
The unique land cover classification dataset is enabled by Intermap Technologies' 2006 NEXTMap Deutschland collection of lnterFerometric Synthetic Aperture Radar (IFSAR) data for the entire country. NEXTMap® Deutschland is part of a larger Intermap strategy to completely map Western Europe by the end of 2007.
"We are extremely excited to be partnering with Definiens to offer EARThemes® as a companion product to the elevation and surface models we're creating in our NEXTMap Deutschland effort. The success of this product in Germany will lead the way for future thematic layers in Western Europe and the United States," said Kevin Thomas, vice president of marketing for Intermap Technologies.
About Definiens AG
Definiens is the number one provider of Enterprise Image Intelligence solutions that enable its clients to harness all relevant information from digital images to support fast and accurate decision making crucial to its business process.
Definiens' products are built on its platform technology Definiens eCognition" that represents a quantum leap in the realms of digital image analysis. The products are offered across chosen markets, initially focusing on Earth Observation/Remote Sensing and Life Sciences. Definiens offers advanced and robust image analysis solutions to perform satellite and aerial image classification more intelligently, more accurately, and more efficiently than traditional methods. Its technology is also used to accelerate the drug discovery, development, and diagnostics processes in life sciences. For more information, visit: www.definiens.com or write to email@example.com
Denver, Colo. (October 9, 2006): Intermap Technologies Corp. (TSX: IMP.TO, AIM: IMAP.L) today announced that its subsidiary Intermap Technologies GmbH has received a contract from an important international client for geospatial data valued at US$3.7 million. Under the agreement, Intermap will collect, process and deliver the data by the end of 2006.
Contract deliverables include high-resolution digital elevation data and radar imagery generated through Intermap's Interferometric Synthetic Aperture Radar (IFSAR) mapping systems. The client will use the data to orthorectify existing high-resolution satellite imagery for updating regional maps, databases, and future planning.
"We are pleased to have the opportunity to work with this client on this important project," commented Dr. Manfred Krischke, managing director of Intermap Technologies GmbH. "The high accuracy and resolution of our data will prove to be of significant value as the client performs map updates at a scale previously not achievable."
With this contract, Intermap has now announced over $25 million of contracts during 2006 with $20 million originating from contract services work and $5 million originating from NEXTMap multi-client data licensing. During the second half of the year, Intermap has already announced $9.6 million in contract services work and $3.2 million in NEXTMap multi-client data licensing. This increased level of contracting highlights the strength of the Company's underlying global contract services business, which helps to finance the creation of Intermap's NEXTMap databases and also shows an increasing demand for the Company's NEXTMap products.
Intermap enables customers to facilitate better decision-making and create applications for numerous commercial, governmental, military, and consumer products through the purchase of high quality and affordable elevation datasets. The Company is proactively remapping entire countries and building unprecedented national databases, called NEXTMap, consisting of highly accurate digital topographic maps that include elevation data.
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/wireless network planning, aviation, simulation, and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. Datasets are also used to add interactive intelligence to airborne and satellite imagery.
Headquartered in Denver, Colorado, Intermap employs more than 280 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. For more information, visit www.intermap.com.
DENVER, Colo, and MUNICH, Germany (October 5, 2006) Intermap Technologies Corp. (TSX: IMP, AIM: IMAP) today announced an agreement with Siemens VDO to jointly develop products to support emerging Intelligent Transportation System (ITS) applications. The development agreement brings together Siemens VDO, a leading provider of innovative automotive systems, and Intermap Technologies, a preeminent mapping company that is proactively creating a worldwide three-dimensional geospatial database called NEXTMap.
This agreement sets the stage for a synergistic relationship integrating Intermap's 3D road vector data, derived from the Company's highly accurate NEXTMap data, into Siemens VDO's map-based predictive automotive applications. Once developed, these applications will deliver functionality and on-board sensors that provide active safety within vehicles to reduce accidents and traffic fatalities.
"Intermap is excited about the opportunity this partnership brings to the table. As one of the world's leading international automotive electronics and mechatronic suppliers, Siemens VDO is an ideal partner for introducing this highly innovative technology," commented Dr. Manfred Krischke, European vice president and managing director of Intermap Technologies GmbH.
As part of the NEXTMap Europe program, Intermap will finish mapping Germany in early 4Q 2006 and the remainder of Western Europe by the end of 2007. The entire U.S. will be mapped concurrently with the European initiative and is scheduled for completion in 2008.
"The automotive industry is continuing its move to digital applications and, as we complete accurate 3D maps for Europe and the U.S., our comprehensive 3D road vector databases will enable future active safety, driver assistance, and navigation systems," commented Eric DesRoche, Intermap's senior vice president of strategic business development. "These databases will enable automotive electronics to predict what lies ahead and alert drivers of impending hazards. Advance predictions of road geometries will be an invaluable component of visualization devices, vehicle fuel performance enhancement systems, and Advanced Driver Assistance Systems (ADAS)."