Intermap Receives $3.5 Million from Sale of Aircraft

Posted by Rich Mohr

Oct 21, 2010 10:30:00 AM

DENVER – Intermap Technologies, a worldwide 3D digital mapping and geospatial solutions company, today announced the sale of one of its three aircraft, a King Air 200T, which was no longer required following completion of the Company’s NEXTMap Europe and NEXTMap USA mapping programs. Intermap sold the aircraft for $3.5 million, which will be received in three installments during the fourth quarter of 2010. The King Air is a ‘special missions’ aircraft, provisioned to accept a digital camera or a radar system. The purchaser intends to acquire additional equipment, software, and on-going support from Intermap once regulatory approvals are obtained.

About Intermap Technologies
Intermap (TSX: 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 and the Company’s contract mapping services is growing as commercial applications emerge within the GIS, federal & civil government, national mapping, defense and intelligence, automotive, insurance risk assessment, wireless telecommunications, and cloud-based web services markets. 

Headquartered in Denver, Colorado, Intermap has offices in Australia, Calgary, Detroit, Jakarta, London, Munich, Prague, and Washington D.C. For more information, visit www.Intermap.com or www.NEXTMap.com 

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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Topics: Financial Results

Intermap Technologies Appoints Interim Chief Financial Officer

Posted by Rich Mohr

Oct 5, 2010 9:00:00 AM

DENVER –  Intermap Technologies today announced the appointment of Nigel Jackson, to the position of interim chief financial officer, effective October 4, 2010. Mr. Jackson replaces outgoing vice president and CFO, Brian Musfeldt, who remains employed with the Company until November 1, 2010.

Mr. Jackson previously served as Intermap’s vice president finance and secretary from 1996 to 2003. Since March of 2007 Nigel has served as and remains the President Director of PT Exsamap Asia, Intermap's essential data editing Indonesian subsidiary that currently employs 389 people. He is a member of the Certified Management Accountants of Ontario, Canada - CMA and is an Associate of the Chartered Institute of Management Accountants, ACMA(UK).

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Topics: Employees

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