"This is a significant milestone for our NEXTMap USA program. California will be a showpiece in this program as it is a visually stunning state and one of the world's largest economies," commented Brian Bullock, Intermap's President and CEO. "Intermap has set an unprecedented standard for national mapping by completing our largest contiguous area acquisition to date with accuracies verified to 1 meter or better - a major differentiator from other mapping products. This level of accuracy is essential in order to be of value to flood and other environmental hazard usage, utility placement and other commercial enterprise applications and of course the guidelines specified by the intelligent vehicle initiatives that are underway in the U.S. and Europe. The momentum from this milestone will accelerate our efforts to complete our acquisition of the remainder of the U.S."
Intermap's product offerings under the NEXTMap USA program include terrain elevation data as well as orthorectified radar imagery. Datasets for many areas of California are now available for purchase through Intermap's online data store, with entire datasets scheduled to be available for purchase later this year. In addition to its standard data products, Intermap provides orthorectified color imagery products upon request.
According to Jae Hill, LADWP (Los Angeles Department of Water & Power) Pacifica Services project manager, "The NEXTMap California digital terrain model (DTM) provided unparalleled accuracy at a lower cost than any of our other options. Not only did this data exceed our needs and expectations for watershed resources management, but the client service was equally amazing."
Intermap has already delivered data to a number of buyers including county governments, municipalities and commercial buyers. The Company expects the buying pattern to follow the model established by its NEXTMap Britain program with lead buyers purchasing data for engineering, planning and environmental management. Sales in Britain have now passed the US$12 million mark and include over 1,000 buyers to date.
About Intermap
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 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.
For photograph requests, please contact:
Monica Moore
Director of Marketing
mmoore@.intermap.com
(303) 708-0955
Corbet Pala
Investor Relations
E-vestor Communications Inc.
(416) 657-2400
cpala@evestor.com