29 Sep, 2005 Planned purchases surpass US$28 Million
Denver, Colorado (September 29, 2005): Intermap Technologies Corp. (IMP:TSX) announced today that it will close its discounted offering to early national buyers of NEXTMap USA. The focus of Intermap's sales and marketing program will shift to reselling data already in its library and to supporting the channel partners offering new products based on NEXTMap USA data.
Intermap had previously launched a discounted pricing offer for early-buyers of the entire national NEXTMap USA dataset, which is now more than 15 percent completed. The Company previously announced that it had received initial purchase orders from three different customers under the early-buyer offering, totaling US$2 million. These customers include the National Oceanic and Atmospheric Administration (NOAA), the National Geospatial-Intelligence Agency (NGA) and the U. S. Department of Agriculture (USDA). These national buyers plan to purchase approximately US$28 million of data collectively, subject to the availability of funding in their annual budgets.
"This is an important milestone for the NEXTMap USA program," commented Brian Bullock, Intermap's President and Chief Executive Officer. "We have achieved our goals for national subscription sales, and the momentum from these sales adds to our ability to complete the NEXTMap USA program earlier than previously planned. NEXTMap data will bring tremendous benefits to each of these customers as they use the data to enhance the safety and security programs of the nation and to manage the country's critical resources."
Intermap's product offerings under the NEXTMap USA program include terrain elevation data products as well as orthorectified radar imagery. Datasets for many areas of the United States are now available for purchase through Intermap's online data store. New data is being added monthly, and Intermap plans to complete the entire project in the next three to five years. In addition to its standard data products, Intermap provides orthorectified color imagery products upon request.
This month, Intermap announced that it had completed the remapping of the entire state of California. Intermap recently launched a broad sales and marketing campaign in California and has already delivered data to a number of buyers including county governments, municipalities and commercial buyers. The Company expects the buying pattern for NEXTMap USA to follow the model established by its NEXTMap Britain program with lead buyers purchasing data for engineering, planning and environmental management. Sales of NEXTMap Britain have now exceeded the US$12 million mark and include over 1,000 new data licenses to date.
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 3-D 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 250 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. Intermap is publicly traded on the TSX under the symbol IMP. For more information, visit www.intermap.com.
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