Intermap Technologies Provides Update on Previously Announced $125M Letter of Award

Posted by Rich Mohr

Sep 29, 2015 8:44:53 AM

– Scope expansion discussions and complexity lengthens process of Definitive Contracting –

DENVER, September 29, 2015 - Intermap Technologies Corporation (TSX:IMP), (ITMSF:BB), a leading provider of location-based solutions, reports that the process of completing the Definitive Contract for the Letter of Award, previously announced in a news release on June 22, 2015, has lengthened as scope expansion discussions ensue  (requested by the contracting government), and from the complexity of the legal contracting process. The potential expanded contract terms remain under active discussion with the governmental client. Successful inclusion of the additional services being discussed, could add incrementally to the originally disclosed contract scope of work valued at greater than US$125 Million.

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Topics: New Customer, Big Data, Orion Platform

Intermap Makes Earthquake Data Available for Risk Scoring via InsitePro

Posted by Rich Mohr

Sep 24, 2015 9:30:05 AM

— Intermap and Atkins sign licensing agreement for natural catastrophe hazard data —

DENVER, Sept. 24, 2015 /PRNewswire/ - Intermap Technologies (IMP.TO), (ITMSF:BB), a leading provider of location-based solutions, today announced that it has entered into an agreement with Atkins, one of the world's most respected design, engineering, and project management consultancies, to include their natural catastrophe risk and hazard data archives, including North American earthquake data, in its InsitePro software product.

InsitePro is Intermap's cloud-based risk assessment software designed to help property insurance underwriters assess location-based risk. With its configurable analytic engine, InsitePro allows users to design risk scoring analytics that address specific business needs. InsitePro applies reliable peril and geospatial data in a way that fits a carrier's approach to risk.

"InsitePro's flood analytics are changing the way flood insurance is priced and delivered," stated Product Manager Ivan Maddox. "With the Atkins agreement, Intermap will be offering risk scores for all natural perils, including earthquake, hail, tornado, and wind (straight-line and hurricane). InsitePro can now replicate the innovation brought to flood risk assessment across these other perils, delivering custom analytics to underwriters that are based on dependable data and their own view of risk." 

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Topics: InsitePro, Natural Hazard Risk, Product Update, Insurance Underwriting, Natural Catastrophe

Intermap $2.1M Mapping Services Solutions Contract Expanded to $3.2M

Posted by Rich Mohr

Sep 16, 2015 6:00:00 AM

DENVER, September 16, 2015 - Intermap (TSX: IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced that the Company has received a US$1.1 million expansion to a US$2.1 million airborne radar mapping services solution contract previously announced on June 5, 2015, increasing the total value of the contract to $3.2 million.

Intermap is using its proprietary Interferometric Synthetic Aperture Radar (IFSAR) technology to collect orthorectified radar imagery and high resolution elevation data to enhance the customer’s existing geospatial map database. This new dataset will be used for improved disaster planning, resource management, security interests, and infrastructure planning. The final deliveries of the dataset are expected to be substantially complete by the end of the third quarter 2015.

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Topics: Mapping Services, Orion Platform

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