Intermap & Mentum Partnership Results In Five New Telecom Customers

Posted by Rich Mohr

Jun 29, 2012 9:30:00 AM

DENVER , CO, June 29, 2012 - Intermap (IMP.TO), a leading provider of location-based information (LBI) solutions created from its uniform, high-resolution 3D digital models of the earth's surface called NEXTMap; and Mentum, the industry's leading wireless access and backhaul network planning and optimization company, today announced that five telecommunications companies have now become customers of the partnership.

On December 13, 2011 , Intermap and Mentum announced a partnership designed to accelerate the delivery of a new generation of height-attributed land-use geodata that addresses the propagation modeling needs of the wireless industry. The product offering, Cityscapes HD, offers an unmatched level of X, Y and Z accuracy at a price point that enables network operators to manage the large geographical areas required by today's wireless networks. Compared to existing products, Cityscapes HD is the cost-effective solution for the accurate height of vegetation and man-made structures called clutter, for a broad geographic region. Cityscapes HD is offered at a native resolution of 15m and is available in the USA, Western Europe and parts of Asia.

"We're pleased with the initial results of our strategic partnership with Mentum and our plans call for more joint sales efforts as we continue to focus on additional 3D business intelligence opportunities," said Todd Oseth president and CEO Intermap. "If you're a wireless network operator, this partnership and the Cityscapes HD product offers the missing ingredient that you need to optimize your network: true clutter height data instantly available across large distances. In addition to our first five customers, we are anticipating there will be other wireless telecommunication companies that will purchase this valuable Cityscapes HD product in the future."

"Cityscapes HD is the culmination of Mentum's and Intermap's combined research and development efforts," said Bernard Breton , Chief Operating & Strategy Officer at Mentum. "This partnership has resulted in the design of a suitable product for wireless network operators who plan, build and run networks in sprawling metropolitan areas where both man-made structures and vegetation play an important role in defining propagation characteristics."

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, and 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.

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 there from. 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: New Customer

Intermap Announces $260,000 NEXTMap Data Sale

Posted by Rich Mohr

Jun 28, 2012 9:00:00 AM

DENVER , June 28, 2012 /CNW/ - Intermap (IMP.TO), a leading provider of location-based information (LBI) solutions created from its uniform, high-resolution 3D digital models of the earth's surface called NEXTMap, today announced that it has received a $260,000 contract to provide digital elevation data from its NEXTMap database in North America .
The NEXTMap data was purchased by a wireless software solution provider in order to accelerate the radio access network planning and optimization of a leading wireless network operator.

For more information, visit http://www.intermap.com/en-us/industries/telecommunicationstelecom.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.

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 there from. 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: Data Sale

Intermap Completes US$2.5 Million Convertible Debt Financing

Posted by Rich Mohr

Jun 28, 2012 8:00:00 AM

DENVER , June 28, 2012 /CNW/ - Intermap (IMP.TO) - Intermap Technologies Corporation ("Intermap" or the "Company"), is pleased to announce that on June 27, 2012 , it completed a previously announced private placement convertible debt financing for aggregate proceeds of US$2,500,000 (the "Debt Financing").

The Debt Financing matures 12 months from the date of issuance and the principal amount is convertible into common shares of the Company (the "Common Shares") at the holder's option at a price of C$0.21 per Common Share.  Simple interest is payable at maturity at an annual rate of 21.0%.  If the principal amount is converted into Common Shares, any interest payable on such principal amount shall be forgiven and the Company shall cease to owe, and the holder shall cease to have any right to payment of any interest amount. In addition, 1,700,000 detachable warrants were issued to the holder of the convertible debt, entitling the holder to purchase up to 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 proceeds of the Debt Financing will be used by the Company 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.

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 the 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 service platform offering a variety of subscription levels by geography, data layer, and individual or enterprise wide license. Intermap's cloud-based hosted model offers customers the most convenient and affordable method to satisfy customer's needs with both a 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 Announces $517,000 Mapping Services Task Order

Posted by Rich Mohr

Jun 27, 2012 8:00:00 AM

DENVER , June 27, 2012 /CNW/ - Intermap Technologies (IMP.TO), a leading provider of location-based information (LBI) solutions created from its uniform, high-resolution 3D digital models and orthorectified imagery of the Earth's surface, today announced that the Company was awarded a US$517,000 task order from Dewberry & Davis for the second phase expansion of its previously announced airborne radar mapping services project in Alaska. Additional contract funding for this project may occur at future dates.

Intermap is using its proprietary Interferometric Synthetic Aperture Radar (IFSAR) technology to collect orthorectified radar imagery and high resolution elevation data for an area of Alaska that has never been mapped to this level of accuracy. The elevation data and imagery collected by Intermap will be used in economic development, infrastructure development and homeland security applications.

About Intermap Technologies 

Intermap (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 is growing as new commercial applications emerge within the GIS, engineering, automotive, GPS maps, insurance risk assessment, oil and gas, hydrology, renewable energy, environmental planning, wireless communications, transportation, aviation, and 3D visualization markets. Headquartered in Denver , Colorado, Intermap has offices in Calgary , Jakarta , Prague , and Washington D.C. For more information, visit www.Intermap.com. NEXTMap is a registered trademark of Intermap Technologies Corporation.

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: Professional Services

Intermap® Introduces NEXTMap® World 30™, The World’s Most Accurate Global Terrain Product

Posted by Rich Mohr

Jun 5, 2012 9:30:00 AM

-- Pricing As Low As $0.01 Per Square Kilometer --

DENVER-- Intermap (IMP.TO), a leading provider of 3D Business Intelligence (3DBI) solutions and Location Based Information (LBI), today announced the release of NEXTMap World 30, the first and only commercial 3D terrain product to provide seamless, void free coverage, with a 30 meter ground sampling distance, across the entire 150 million square kilometers of the Earth’s surface.

Satellite images provide 2D datasets, which are not always sufficient for business planning purposes or government feasibility studies. Filling the void for accurate and reliable height data, Intermap’s NEXTMap World 30 offers the most comprehensive digital surface models for the entire world. The NEXTMap World 30 dataset can benefit planners in multiple industries including telecommunications, energy, agriculture, risk planning, water management, topographic mapping, military and a host of government services.

The key benefits of NEXTMap World 30 include:

Most Accurate: NEXTMap World 30 aggregates data from ASTER, SRTM and GTOPO using worldwide control, combined with Intermap’s proprietary data fusion technology, to create the most seamless, void-filled and consistent dataset with accuracies starting at 5 meters.

Most Comprehensive: Other products available in the market offer up to only 30 percent of the Earth’s surface. With NEXTMap World 30, customers have available to them 100 percent coverage of the earth’s surface. The combination of photogrammetry, interferometry and LiDAR technologies provides the most detailed and current elevations of the entire Earth.

Most Affordable: NEXTMap World 30 pricing can be as low as $0.01 per square kilometer.
Most Updated: NEXTMap World 30 is regularly enhanced with the very latest and best elevation data. Under the NEXTMap Maintenance program, customers can enjoy regular NEXTMap World 30 updates automatically.

Most Flexible: NEXTMap World 30 is ideal for applications such as image orthorectification, line-of-sight calculations, feature extraction and topographic map development, flood risk management, infrastructure planning, precision farming, emergency response and 3D visualization.

Instant Delivery: Order today and receive it today (based on the volume of data purchased).

A data sample of NEXTMap World 30 is available at http://www.intermap.com/solutions/World30.aspx. 

For immediate pricing and delivery, please contact an Intermap channel partner or Lisa Duke in the U.S. at 1-720-974-3284.

“The availability of Intermap’s NEXTMap World 30 product will have a tremendous impact on plantation planning and management,” said LF Lee, Managing Director, Agribusiness Publishing Sdn Bhd, in Malaysia. “In the plantation industry, for example, knowledge of land elevation and bare ground or terrain elevations is essential to identifying and screening out unsuitable areas initially; and for planning of infrastructures, land conservation measures and drainage requirements later on. Unfortunately, most developing countries—where plantation projects are usually located—only have access to topographic sheets with wide contour intervals of dubious reliability.”

“Intermap’s new NEXTMap World 30 data will definitely fill the void for accurate and reliable height data,” said Perry Mandeville, President of PT Earthline in Jakarta, Indonesia. “With Asia growing so quickly, there is a need for quality 3D geospatial information that 2D satellite images cannot provide.”

“NEXTMap World 30 is an excellent way for governments and commercial enterprises to cost-effectively perform their important elevation work,” said Todd Oseth, Intermap president and CEO. “We’re looking forward to bringing the benefits of NEXTMap World 30 to customers and partners everywhere.”

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.

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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50299683&lang=en

MULTIMEDIA AVAILABLE:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50299683&lang=en

Contact:

NEXTMap World 30 Sales
Lisa Duke, 720-974-3284      
[email protected]

or

Intermap Press Contact
Dittoe Public Relations
Eric Kokonas, 317-202-2280 x17
[email protected]

or

Investor Relations – Canada
E-vestor Communications, Inc.
Cory Pala, 416-657-2400      
[email protected]

or

Investor Relations – United States
Genesis Select Corporation
Budd Zuckerman, 303-415-0200      
[email protected]
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Topics: NEXTMap

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