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’s InsitePro Software Licensed by Global Reinsurer in Four Latin American Countries

Posted by Rich Mohr

Jul 22, 2015 12:33:45 PM

DENVER, July 22, 2015 - Intermap Technologies® (TSX:IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced an agreement with a leading Global Reinsurer to license InsitePro™ software in: Argentina, Peru, Colombia, and Chile. The adoption of flood insurance throughout South America is increasing and InsitePro serves the growing demand from insurance carriers. InsitePro will be delivered to underwriters so that they have the necessary software to evaluate locations, one-by-one or thousands at a time, using innovative and reliable risk models and analytics.

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Topics: InsitePro, New Customer

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

Intermap’s InsitePro™ Software Licensed by Swiss Re in Brazil

Posted by Rich Mohr

Sep 15, 2014 8:54:00 AM

DENVER, September 15, 2014 - Intermap Technologies®a leading provider of location-based solutions, today announced further details about a previously announced agreement (June 10, 2014) to license the Company’s InsitePro software to an unnamed top 10 global reinsurer for use in a specific Latin American country. Today Intermap disclosed the customer to be Swiss Re, a global leader in reinsurance.

In June 2014, Swiss Re signed an agreement to license Intermap's SaaS based InsitePro software to help them visualize and analyze location-specific risk. Under the terms of the agreement, Swiss Re is using Intermap’s InsitePro product to help bring its superior flood and underwriting knowledge to the Brazilian market in the form of a flood risk assessment tool (FRAT). This tool provides underwriters with a powerful means to evaluate locations one-by-one or thousands at a time via innovative risk models and analytics. The Brazilian flood insurance industry is rapidly developing and InsitePro will help Swiss Re serve the growing demand from its customers throughout the entire Brazilian market.

"Underwriting flood coverage is a location-based decision process that depends on accurate integration of geospatial and flood risk information," said Ivan Maddox, Intermap’s InsitePro Product Manager. "We are providing the necessary software tools to Swiss Re to help them share their best practices underwriting capabilities with their customers, and to also aid in the consolidation of their footprint in the Brazilian market".

InsitePro for Flood Risk Insurance Underwriters


InsitePro leverages Intermap's best-in-class NEXTMap® and NEXTMap World 30™ elevation datasets, together with sophisticated analytics, to produce a powerful SaaS based risk analysis tool. Point-specific ground elevation allows users to go beyond flood models to better understand the risk of flood by determining heights above flood elevation, flow routes from rivers to buildings, and safer locations for new infrastructure and buildings. InsitePro can also display a customer's own proprietary risk data or any available Government data. InsitePro is available to insurers and reinsurers around the world immediately.
 

About Intermap Technologies 

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Topics: InsitePro, New Customer

Intermap Signs InsitePro™ Software Agreement with Top 10 Global Reinsurer

Posted by Rich Mohr

Jun 10, 2014 8:00:00 AM

- Key Components of the Intermap Orion Platform™ Licensed -

DENVER, June 10, 2014 /PRNewswire/ - (IMP.TO), (ITMSF:BB) - One month after announcing the commercial availability of InsitePro™, Intermap Technologies a leading provider of location-based solutions, today announced an agreement to license InsitePro to a Top 10 Global Reinsurer for use in a specific Latin American country. InsitePro is a Software-as-a-Service (SaaS) product that is purpose built to visualize and analyze location-specific risk. InsitePro provides Global Reinsurers with a powerful tool to evaluate locations one-by-one or thousands at a time via the Company's innovative risk models and analytics.

Intermap is evolving the way the world views risk management. By connecting people to location-based solutions through the InsitePro application, Intermap makes risk planning more accessible, opening up more possibilities for governments and enterprises anywhere in the world. InsitePro's expanding global presence continues to connect more people with life and property saving risk management answers, forever changing the way cities are managed, communities are built and lives are lived.

Only Intermap's Orion Platform™ can provide integrated access to Intermap's WorldFlood™ model, GeoPro™, InsitePro™ and the Company's proprietary elevation data to forecast flood risk in Latin America. InsitePro provides proprietary access to Intermap's WorldFlood™ model, which forecasts uniform flood coverage anywhere in the world. GeoPro is software that easily and simply serves all types of geospatial data to authorized users who can then analyze the information to quickly provide location-based answers to their customers.

"We're pleased to be working with this Top 10 Global Reinsurer. This agreement is further proof that InsitePro and our Orion Platform can become the authoritative provider of Web-based risk models for all types of perils around the world," said Todd Oseth President and CEO of Intermap. "Reinsurance providers now have dependable and consistent flood risk information at their fingertips. We're looking forward to bringing the benefits of InsitePro and the Orion Platform to customers around the world."

InsitePro leverages Intermap's best-in-class NEXTMap® and NEXTMap World 30™ elevation data. Point-specific ground elevation allows users to go beyond flood models to better understand the risk of flood by determining heights above flood elevation, flow routes from rivers to buildings, and safer locations for new infrastructure and buildings. InsitePro can also display a customer's proprietary risk data or any available Government data.

Flooding is a recurring threat around the world, with over U.S. $2 trillion worth of property exposed to flood damage annually. InsitePro and the Orion Platform provide four major benefits to help manage and explain flood exposure:

Quickly and easily analyze locations for risk of flood, wildfire, and other perils
Visualize locations and their proximity to risk zones
Leverage dependable ground elevations to qualify flood risk
Visualization tool for sales people to present a picture of risk to their clients

InsitePro is available immediately. For more information, please contact Ivan Maddox at imaddox@intermap.com.

About Intermap Technologies

Headquartered in Denver, Colorado - Intermap (www.intermap.com) is an industry leader in location-based solutions on demand with its secure, cloud based Orion Platform™. Through its powerful suite of 3DBI® applications and proprietary development of contiguous databases that fuse volumes of geospatial data into a single source, the Orion Platform is able to provide location- based decisions for customers in diverse markets around the world. For more information please visit www.intermap.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.
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Topics: InsitePro, New Customer

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 $850,000 in Q4 Telecommunications Sales

Posted by Rich Mohr

Jan 3, 2012 9:00:00 AM

DENVER -- Intermap (TSX: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 it has received enterprise contracts totaling US$850,000 from two leading global telecommunications companies. 

These global carriers have licensed Intermap’s LinkPro™ 3D business intelligence application and the Company’s highly accurate NEXTMap terrain and surface models for the planning and development of their 4G Long Term Evolution (LTE) wireless networks in Europe. 

“Across Europe and around the world, smart phone usage is at an all time high with end users demanding faster data transfer rates and more consistent network coverage,” said Todd Oseth, president and CEO of Intermap. “Using Intermap’s LinkPro™ application and our highly accurate NEXTMap terrain and surface data, network planners can quickly build out their network virtually, and immediately identify obstructed links and coverage issues. Results are viewed online and any corrective action can be made instantly without interrupting the carrier’s workflow process and without sending a network operations team into the field.” 

The NEXTMap LinkPro™ application was designed to support network expansion projects by delivering precise terrain profiles that include cultural features such as vegetation, buildings and roads. Network planners can immediately view the results online or import the data into their network planning software to create accurate direct path models that quickly verify whether lines of sight between existing and proposed tower locations are unimpeded. 

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 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: 
Canada – Financial 
e.vestor Communications Inc. 
Cory Pala, Investor Relations 
+1 (416) 657-2400 
cpala@evestor.com 

or 

United States – Financial 
Genesis Select Corporation 
Budd Zuckerman, Investor Relations 
+1 (303) 415-0200 
bzuckerman@genesisselect.com
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Topics: New Customer

Intermap Technologies Announces $2.4M Contract for Mapping and Imagery Data

Posted by Rich Mohr

Feb 13, 2007 8:00:00 AM

DENVER: Intermap Technologies Corp. (TSX: IMP, AIM: IMAP) today announced that its Intermap Federal Services, Inc. subsidiary has received a US$2.4M contract to provide digital elevation data and orthorectified radar imagery for an international project. 

The geospatial data delivered was generated using the Company's Interferometric Synthetic Aperture Radar (IFSAR) technology aboard one of the Company's five aircraft. Under the agreement, Intermap will process and deliver the data during the first quarter of 2007.

“We are pleased to continue providing high quality radar imagery and digital elevation model data to this client year over year. The client's continued satisfaction with the product we produce and the services we provide is a testament to the quality of our operation,” stated Garth Lawrence, senior vice president of operations for Intermap Technologies. “As we continue to collect geospatial data around the world, we are continually reminded from GIS experts that there is no substitute for the high-quality data we deliver.” 

About Intermap Technologies
Intermap enables customers to facilitate better decision-making and create applications for numerous commercial, governmental, military, and consumer products through the purchase of high quality and affordable 3D geometric datasets. The Company is proactively remapping entire countries and building unprecedented national databases, called NEXTMap®, consisting of highly accurate digital geometric maps that include elevation data. 

Demand for NEXTMap® data is growing as new commercial applications are emerging, including geographical information systems (GIS), engineering planning, transportation, automotive, navigation, flood, irrigation, environmental management and planning, telecommunications/wireless network planning, aviation, simulation, and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. Datasets are also used to add interactive intelligence to airborne and satellite imagery. 

Headquartered in Denver, Colorado, Intermap employs more than 360 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, and Ottawa. For more information, visit www.intermap.com.

Contacts:
Intermap Technologies
Richard Mohr, Senior Vice President & Chief Financial Officer
rmohr@.intermap.com 
(303) 708-0955

Canada — Financial 
Corbet Pala, Investor Relations 
E-vestor Communications Inc.
cpala@evestor.com 
(416) 657-2400 
 
United States — Financial 
Budd Zuckerman, Investor Relations
Genesis Select Corporation
bzuckerman@genesisselect.com
(303) 415-0200
 
UK - Canaccord Adams Limited
Neil Johnson
Clayton Bush
+(44) (0) 207 518 2777
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Topics: New Customer, NEXTMap

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