Intermap Technologies 2007 Second Quarter Conference Call Notice and Analyst Day

Posted by Rich Mohr

Jul 31, 2007 8:00:00 AM

Calgary, Alberta — Intermap Technologies Corp. issued notice today that it will release its 2007 second quarter financial results before open of trading on Friday, August 3, 2007. 

A conference call to review the results will take place later the same day at 10:00 am EDT (8:00 am MDT).  Brian Bullock, president & CEO and Richard Mohr, CFO will speak on behalf of the Company, providing an update on the Company's progress on its NEXTMap business model and developments within this market. 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 August 3 at ftp1.intermaptechnologies.com (copy and paste into your browser). A username and password will be provided in the Q2 press release.

To participate in the call, please dial 416-641-6125 or 1-866-542-4236 approximately 10 minutes prior to the conference call. A recording of the conference call will be available through August 10, 2007. Please dial 416-695-5800 or 1-800-408-3053 and provide the password 3231005# to listen to the rebroadcast. An audio Webcast of the teleconference will also be available on Intermap's Website.

Intermap to Host Analyst Day in Denver on August 6, 2007

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Topics: Financial Results

Intermap Technologies and GAF AG Partner to Provide High-quality 3D Digital Elevation Data and Images throughout Europe

Posted by Rich Mohr

Jul 23, 2007 8:30:00 AM

DENVER & MUNICH - Intermap Technologies Corp and GAF AG, an international geo-information technology company located in Munich, Germany, have signed an agreement to allow GAF AG to immediately begin distributing Intermap's high-resolution 3D digital elevation data and geometric images throughout Germany and the rest of Europe. 

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Topics: New Partner

PB Selects Intermap Technologies' 3D Elevation Models for California High-Speed Train Project

Posted by Rich Mohr

Jul 17, 2007 9:00:00 AM

SACRAMENTO & DENVER -- The California High-Speed Rail Authority (CHSRA) today announced that PB, acting on behalf of the Authority, has chosen Intermap TechnologiesTM Corp's NEXTMap® 3D digital elevation models as the preferred GIS mapping datasets to assist in the design of the high-speed rail system linking northern and southern California. 

PB is the program manager for the California High Speed Train Project (CHSTP). Intermap's highly accurate and cost-effective elevation models, based on its proprietary Interferometric Synthetic Aperture Radar (IFSAR) technology, will be used by the regional consultant teams under contract with CHSRA to perform preliminary environmental planning and engineering work on the project. 

Established in 1996, the CHSRA is chartered to plan, design, construct, and operate a state-of-the-art high-speed train system that stretches from San Francisco, Oakland, and Sacramento in the north, through the Central Valley, to Los Angeles and San Diego in the south. With bullet trains operating at speeds up to 220 mph, the express travel time from downtown San Francisco to Los Angeles will be approximately 2 ½ hours. Intercity travelers (trips between metropolitan regions) along with longer-distance commuters would enjoy the benefits of a system designed to connect with existing rail, air, and highway systems.

Under the terms of the agreement, preliminary engineering and design, project-level environmental studies, and right-of-way preservation analyses will be based on Intermap's high-resolution elevation data. The Company has already delivered datasets to several of PB's authorized regional consultants (ARC), and will continue to supply data to other contractors throughout various stages of the project. Intermap datasets available to PB and its regional consultants include digital terrain models, digital surface models, and orthorectified radar images. 

"The planning stage requires the use of mapping data that is more current and reliable than existing USGS data, and considerably less expensive than a custom fly project,” said Tony Daniels, CHSTP Program Manager. “Intermap's NEXTMap® datasets fit the project accuracy needs perfectly and the immediate availability of the product was a major factor in selecting NEXTMap® as the preferred data tool for the regional consultant teams under contract working on the project.”  

According to Mehdi Morshed, CHSRA Director, “the ability to easily export NEXTMap® data into existing CAD applications is an incredible time-saver for our contractors, allowing all of the regional consultant teams to work independently but also to share data and work collaboratively.” Likewise, Garth Lawrence, Intermap's senior vice president of operations, said, “The Intermap executive team is both thrilled and proud that the Company's wide-area NEXTMap® dataset has already enabled the various entities involved in this project to seamlessly connect with each other. Knowing we are aiding some of the geospatial industry's sharpest engineering minds in their quest to deliver a safe, cost-efficient, and environmentally favorable high-speed train system, the likes of which has never been attempted in the United States, means a lot to each and every Intermap employee.”

About PB
PB (Parsons Brinckerhoff) is a global leader in developing and operating infrastructure around the world, with 10,500 employees dedicated to meeting the needs of clients and communities in the Americas, Europe, Africa, the Middle East, Asia, and Australia-Pacific regions. PB offers skills and resources in strategic consulting, planning, engineering, program and construction management, and operations for all modes of infrastructure, including transportation, power, community development, water, and the environment. For more information, visit www.pbworld.com.

About Intermap Technologies
Intermap Technologies Corp. (TSX: IMP.TO, AIM: IMAP.L) 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 3D geometric datasets. The Company is proactively remapping entire countries and building unprecedented national databases, called NEXTMap®, consisting of highly accurate digital geometric 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. 

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Topics: NEXTMap, Professional Services

Intermap Technologies Announces Agreement with Visteon Corporation to Jointly Develop Automotive Predictive Adaptive Front Lighting System

Posted by Rich Mohr

Jul 16, 2007 8:30:00 AM

DENVER -- Intermap Technologies Corp. today announced the signing of a joint development agreement with Visteon Corporation, an internationally recognized automotive technology developer,  to provide Visteon with highly accurate 3D road geometries for the entire country of Germany. Derived from Intermap's proactive NEXTMap® Europe mapping program, the data will be incorporated into the development of advanced applications of a 3D road vector map database for use in future automotive systems. The initial focus will be on predictive adaptive front lighting systems, which offers enhanced visibility for drivers at night by directing the headlamp light, before the driver directs the vehicle into the bend.

“Intermap's 3D road geometry data base will be a great use in future automotive navigation, driver assistance, and lighting,” commented Dr. Markus Klein, Visteon's senior manager exterior lighting. “Such databases provide a reliable source of information that allows the automobile's electronic system to anticipate the road ahead. Predictions of the road geometry could be a tremendous input to visualization, performance, and advanced driver assistance applications.”

Under the terms of the agreement, Intermap will supply Visteon with 3D elevation data and geometries that the Company has already collected for the entire country of Germany. The data is currently being processed and will be delivered incrementally over the next several months. The two companies further agree to cooperate in the development of test projects and a demonstrator. The agreement also calls for ongoing market analysis to ensure that the development of specific applications meet the required data content, accuracy, interfaces, and formats necessary to enhance future automotive systems.

“Visteon's track record as a leading supplier of innovative automotive systems is second-to-none,” stated Eric DesRoche, senior vice president of Automotive and Consumer Electronics for Intermap Technologies. “Intermap believes that with Visteon's history of gauging and meeting the needs of the automotive sector, combined with our extremely accurate and highly affordable 3D geometric data, will enable the next generation of vehicle manufacturers to create a level of driver assistance that was unimaginable just a few years ago.”


About Intermap Technologies
Intermap (TSX IMP.TO, AIM: IMAP.L) 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 3D geometric datasets. The Company is proactively remapping entire countries and building unprecedented national databases, called NEXTMap®, consisting of highly accurate digital geometric 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 450 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, and Prague. For more information, visitwww.intermap.com.

Contacts:
Intermap Technologies
Kevin Thomas, Vice President, Marketing
[email protected] 
(303) 708-0955

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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Topics: New Product Introduction, New Partner

Intermap Technologies Completes C$33 Million Financing

Posted by Rich Mohr

Jul 12, 2007 8:00:00 AM

DENVER: Intermap Technologies Corporation is pleased to announce that its previously announced offering of 5,000,000 Common Share at a price of $6.00 per share has been increased by an additional 500,000 Common Shares following exercise of the option (the “Underwriters' Option”) previously granted to a syndicate of underwriters led by Canaccord Capital Corporation and including Orion Securities Inc. and Raymond James Ltd. (the “Underwriters”) pursuant to an Underwriting Agreement dated June 28, 2007. 

As a result of the exercise of the Underwriters' Option, the offering will result in total gross proceeds to Intermap of $33,000,000. In addition, Intermap has granted the Underwriters an over-allotment option (the "Over-Allotment Option"), exercisable for a period of 30 days following the closing of the Offering, to purchase up to that number of Common Shares equal to 15% of the number of common shares issued pursuant to the Offering. In the event that the Over-Allotment Option is exercised in full,  the total gross proceeds to Intermap will increase to approximately C$37,950,000. 

The Company intends to use the net proceeds of the Offering to fund the accelerated development of the NEXTMap USA and NEXTMap Western Europe data sets, development of value-added products, and for general corporate purposes. 

A final short-form prospectus for the Offering has been filed on July 6, 2007 with the securities commissions in each of the provinces of Canada (except Quebec). 

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Topics: Financial Results

Intermap Technologies Announces Financing

Posted by Rich Mohr

Jul 11, 2007 8:00:00 AM

DENVER: Intermap Technologies Corporation is pleased to announce that its previously announced offering of 5,000,000 Common Share at a price of $6.00 per share has been increased by an additional 500,000 Common Shares following exercise of the option (the “Underwriters' Option”) previously granted to a syndicate of underwriters led by Canaccord Capital Corporation and including Orion Securities Inc. and Raymond James Ltd. (the “Underwriters”) pursuant to an Underwriting Agreement dated June 28, 2007. 

As a result of the exercise of the Underwriters' Option, the offering will result in total gross proceeds to Intermap of $33,000,000. In addition, Intermap has granted the Underwriters an over-allotment option (the "Over-Allotment Option"), exercisable for a period of 30 days following the closing of the Offering, to purchase up to that number of Common Shares equal to 15% of the number of common shares issued pursuant to the Offering. In the event that the Over-Allotment Option is exercised in full, the total gross proceeds to Intermap will increase to approximately C$37,950,000. 

The Company intends to use the net proceeds of the Offering to fund the accelerated development of the NEXTMap USA and NEXTMap Western Europe data sets, development of value-added products, and for general corporate purposes. 

A final short-form prospectus for the Offering has been filed on July 6, 2007 with the securities commissions in each of the provinces of Canada (except Quebec). 

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Topics: Financial Results

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