14 Jul, 2005 Denver, Colorado (July 14, 2005): Intermap Technologies Corp., (IMP-TSX) today announced that Michael Bullock, President of Intermap Federal Services, Inc. (a wholly owned subsidiary of Intermap Technologies Corp.), this week testified before a House Subcommittee on the status of the country's flood insurance map modernization program. Mr. Bullock's testimony took place before the House Subcommittee on Housing and Community Opportunity, which has oversight and authorization responsibility for the nation's flood insurance program administered by the Federal Emergency Management Administration (FEMA) in the Department of Homeland Security.
The Subcommittee is concerned about the issue raised by stakeholders of FEMA's program that old inaccurate data is being used to update the nation's flood maps. FEMA has been relying on old mapping data, much of which was developed by the U.S. Geological Survey (USGS) up to 40 years ago. The Map Modernization Program, a 5-year, $1 billion effort being carried out by FEMA, has the stated objective of updating the nation's flood mapping systems and maps.
During his testimony, Mr. Bullock described Intermap's state of the art radar mapping technology and the progress being made on the Company's NEXTMap USA program, which is producing highly accurate, low cost topographic and image data for the entire continental United States. "We support FEMA's Map Modernization program and the benefits it will have for our country. This important program would benefit tremendously from a national strategy to obtain topographic data to support the objectives of the program" stated Bullock. "The pilot project we recently completed for FEMA in Texas has demonstrated that the NEXTMap USA data is more accurate than the existing USGS topographic data for the production of accurate flood maps for a large portion of the country. We look forward to an expanding working relationship with FEMA and a wider utilization of our NEXTMap USA data to support the Map Modernization program."
Intermap is digitally remapping entire countries, building unprecedented national databases, called NEXTMap, of highly accurate digital topographic maps (including elevation). Customers purchase Intermap's high-quality, low-cost data to facilitate better decision-making for numerous commercial, governmental, military and consumer applications.
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 network planning, aviation, simulation and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. The products are also used to add interactive intelligence to airborne and satellite images.
Headquartered in Denver, Colorado, Intermap employs more than 280 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. Intermap is publicly traded on the Toronto Stock Exchange under the symbol IMP. For more information, visit www.intermap.com.
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