Intermap® and Blue Marble Announce Strategic Partnership

Posted by Rich Mohr

May 29, 2012 9:00:00 AM

Intermap’s leading-edge geospatial data now available to subscribers of Blue Marble’s Global Mapper Software

DENVER -- Intermap (IMP.TO) and Blue Marble Geographics, two of the world’s leading providers of highly accurate geospatial data solutions, announced a strategic partnership today to integrate Intermap’s NEXTMap® dataset with Blue Marble’s Global Mapper software. Users can see the value of this integration during an online workshop scheduled for Thursday, June 14th at 2 p.m. EDT when the use of digital terrain models in Global Mapper will be demonstrated live. Registration for the Global Mapper/Intermap workshop can be found at: https://www3.gotomeeting.com/register/907564646.

Developed as one of the first partner applications for Blue Marble’s Global Mapper version 13.2, the integration can provide thousands of GIS analysts access to Intermap’s NEXTMap WebStore 2.0 for rich, high-precision elevation data and expanded coverage datasets.
“Global Mapper has a long history of working with Intermap, and this integration allows us to reaffirm and expand our service offering by giving our users access to Intermap’s NEXTMap dataset from within our Global Mapper software,” said Patrick Cunningham, president of Blue Marble. “Overall, this partnership will enable our users from across the globe to perform location-based analysis using the most accurate terrain data available.”
Available worldwide to thousands of GIS analysts at software, oil and gas, mining, civil engineering, surveying, and technology companies, as well as governmental and university organizations, Blue Marble’s integration with Intermap’s NEXTMap dataset can help expand the company’s reach into new markets around the globe.

“GIS analysts in every industry recognize they need to have the most detailed and current elevation data across the globe right at their fingertips,” said Todd Oseth, president and CEO of Intermap. “By bringing the power of Intermap’s highly accurate NEXTMap dataset to Blue Marble’s robust Global Mapper software, we can provide users a single solution to deliver seamless, best-of-breed elevation data that’s essential for a variety of mapping and geospatial related applications, including flood mapping, emergency response, environmental risk analysis, infrastructure planning and more.”

For more information about Intermap, please visit http://www.intermap.com/en-us/home.aspx

About Intermap

Headquartered in Denver, Colorado, Intermap (www.intermap.com) is a leading provider of Location-Based Information (LBI), setting the industry standard for creating high-resolution 3D digital models of the earth’s surface. The Company has remapped entire countries, to build NEXTMap® national databases consisting of affordably priced elevation data and geometric images of unparalleled accuracy. Turnkey solutions can be purchased from the Company’s NEXTMap Online Store, a hosted web services platform offering a variety of subscription levels by geography, data-layer, individual or enterprise wide license. Intermap’s cloud-based hosted model offers customers the most convenient and affordable method to satisfy a customer’s needs with both a Platform as a service (PaaS) and Software as a service (SaaS) options. For more information about Intermap’s web services please visit http://www.intermap.com/en-us/purchase.aspx.

About Blue Marble

Blue Marble Geographics of Gardiner, ME is a leading developer and provider of software products and services for highly accurate geospatial data conversion solutions. Blue Marble is known for its coordinate conversion and GIS visualization software expertise including the Geographic Calculator and GeoCalc SDK, as well as Global Mapper. The company has been writing GIS software tools and solutions for almost 20 years and currently serves hundreds of thousands of users worldwide. Learn more at www.bluemarblegeo.com.

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.

Contact:

Intermap press contact:
Dittoe Public Relations
Eric Kokonas, 317-202-2280 x17
eric@dittoepr.com
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Topics: New Partner

Intermap Technologies Announces US$2.5 Million Convertible Debt Financing

Posted by Rich Mohr

May 17, 2012 8:00:00 AM

DENVER , May 17, 2012 /CNW/ - (IMP.TO) - Intermap Technologies Corporation ("Intermap" or the "Company"), a leading provider of location based information solutions created from its uniform, high-resolution 3D digital models and orthorectified imagery of the Earth's surface, today announced it has entered into an agreement to issue a non-brokered US$2.5 million convertible debt financing (the "Debt Financing").

The Debt Financing will mature 12 months from the date of issuance and is convertible into common shares of the Company ("Common Shares") at the holder's option at a price of C$0.25 per Common Share, subject to adjustment in certain events.  Simple interest is payable at maturity at an annual rate of 21.0%. In addition, 1,700,000 detachable warrants will be issued to the purchaser of the convertible debt entitling the holders to purchase 1,700,000 Common Shares at a price of C$0.31 per share. The warrants expire in three years and are subject to adjustment in certain events.

The Debt Financing is subject to a prepayment right by the Company at 121% of the principal amount at anytime following six months from the date of closing, subject to a 60 day notice period and the holder's right to exercise its conversion rights during any such notice period.

The Company intends to use the proceeds of the Debt Financing to repay a currently outstanding senior secured loan and for working capital required to fund certain mapping services contracts during the term of the loan.

The Debt Financing is expected to be completed on or about May 28, 2012 and is subject to receipt of all necessary regulatory approvals, including the approval of the TSX, and satisfaction to all other customary closing conditions.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or applicable exemption from those registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Intermap Technologies

Headquartered in Denver , Colorado - Intermap (www.intermap.com) is a leading provider of Location-Based Information (LBI), setting the industry standard for creating high-resolution 3D digital models of the earth's surface. The Company has remapped entire countries, to build NEXTMap® national databases consisting of affordably priced elevation data and geometric images of unparalleled accuracy. Turnkey solutions can be purchased from the Company's NEXTMap Online Store, a hosted web services platform offering a variety of subscription levels by geography, data-layer, individual or enterprise wide license. Intermap's cloud-based hosted model offers customers the most convenient and affordable method to satisfy their needs with both Platform as a Service (PaaS) and Software as a Service (SaaS) options.

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.
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Topics: Financial Results

Intermap Technologies Reports 2012 First Quarter Financial Results

Posted by Rich Mohr

May 9, 2012 8:00:00 AM

Contract services incremental revenue increases by 53%
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Topics: Financial Results

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