Intermap Executes US$175 Million Orion Platform® Spatial Data Infrastructure Contract

Posted by Rich Mohr

Feb 5, 2016 6:44:06 AM

Denver, February 5, 2016 – Intermap Technologies Corporation (“Intermap” or the “Company”), (TSX: IMP), (ITMSF: BB), a leading provider of geospatial solutions, today announced that it has entered into definitive agreements (collectively, the “Contract”), pertaining to the previously announced letter of award (see June 22, 2015, September 29, 2015, and December 31, 2015, press releases) for the creation, operation and maintenance of a national spatial data infrastructure (“SDI”) program (the “Project”).

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Topics: New Customer, Big Data, Orion Platform

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

Posted by Rich Mohr

Dec 31, 2015 7:00:00 AM

DENVER, December 31, 2015 - Intermap Technologies Corporation (“Intermap” or the “Company”) (TSX:IMP), (ITMSF:BB), a leading provider of location-based solutions, is pleased to provide a progress update on the previously announced letter of award for an Orion Platform® spatial data infrastructure program (the “SDI Program”).

In a news release dated September 29, 2015, Intermap disclosed expectations for finalizing the definitive agreements underlying the SDI Program during the fourth quarter of 2015, but was unable to provide exact timing. Intermap is pleased to advise that it continues to make progress toward finalization of the definitive agreements, however, due to the nature and complexity of the transactions and the fact that certain remaining contractual elements are outside of the Company’s control, Intermap remains unable to provide a specific closing date at this time.

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Topics: New Customer, Big Data, Orion Platform

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 Announces Letter of Award for Orion Platform Implementation Program Valued at Greater than $125 Million.

Posted by Rich Mohr

Jun 22, 2015 8:29:00 PM

Intermap Announces Letter of Award for Orion Platform® Implementation Program Valued at Greater than $125 Million

Denver, June 22, 2015 – Intermap Technologies Corporation (“Intermap” or the “Company”) (TSX: IMP), (ITMSF: BB), a leading provider of geospatial solutions, today announced that a consortium led by the Company was issued with a governmental letter of award for the creation, operation and maintenance of a national spatial data infrastructure (SDI) program. The scope of work for the initial 2-year SDI implementation phase is valued at greater than $125 million, with product delivery expected to commence during the third quarter of 2015. The Company will also provide an operation and maintenance module valued at greater than $50 million for an additional 18-year period. The 20-year SDI program is administered within a public-private-partnership (PPP) framework under a build-operate-transfer (BOT) model, with the Company serving as the prime contractor, on a turnkey basis.
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Topics: New Customer, Big Data, Orion Platform

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