3 Mar, 2006 Denver, Colorado (March 3, 2006): Intermap Technologies Corp. (IMP:TSX) announced today that it has established an automotive executive advisory board to guide and assist Intermap in its efforts to support new markets and customers in the intelligent transportation systems (ITS) industry.
Market interest in Intermap's 3D map data has been increasing for automotive applications. Improving advanced car navigation and related applications continues to be a worldwide focus. Moving from today's coarse 2D data to accurate 3D information will provide the automotive industry with more accurate, visually aesthetic, and effective automotive applications. Several automotive companies are expected to test Intermap's 3D road data for active safety applications.
"Intermap's dedication to pursuing opportunities in the ITS marketplace is evident in the formation of this board," commented Mary Michno, Intermap's director of strategic business development focusing on ITS. "This valuable industry resource is critical to our short- and long-term ITS initiatives and will serve us well as we build new relationships and market strategies."
Collectively the membership of Intermap's ITS advisory board has many years of diverse executive-level experience in the automotive industry. The six members include Dave Acton, Richard Bishop, Joe Borruso, Craig Marks, Dave McLellan and Joe Ziomek.
Dave Acton is the vice president of global industry partnerships for Connexis and is the director of the Intelligent Transportation Society of America (ITS America). Prior to joining Connexis, Mr. Acton was director of global telematics planning for General Motors and also served as chief vehicle engineer for OnStar.
Richard Bishop, founder of Bishop Consulting, supports clients internationally in research and business development within the intelligent vehicles arena. He is the author of Intelligent Vehicle Technology and Trends and publisher of the Web site IVsource.net which covers intelligent vehicle developments. Mr. Bishop also chairs the International Task Force on Vehicle-Highway Automation.
Joe Borruso was the president and CEO of Hella North America. He was responsible for business operations in North America and is currently a member of the management board. Prior to joining Hella, he was the executive vice president of sales for Bosch Automotive Group.
Dr. Craig Marks is the former Chairman of Altarum, a non-profit scientific research and development organization engaged in advancing information technology, as well as a member of Intermap's board of directors. He received a Ph.D. in mechanical engineering from the California Institute of Technology and worked for 37 years in engineering and technology development in the automotive industry.
Dave McLellan is a retired executive from General Motors where he was the chief engineer for Corvette. Mr. McLellan is the author of Corvette from the Inside, the 50 Year Development History, which chronicles the 17 years during which he and his team made that history. He also currently serves as an automotive engineering consultant and is an active member of the Corvette community.
Joe Ziomek spent 17 years with Ford Motor Company in advanced vehicle development and in the transportation electronics division of TRW. Mr. Ziomek has numerous industry affiliations, including chairman of the Convergence Education Foundation (CEF).
"Intermap is honored to be working with such an experienced and talented team of automotive industry professionals," said Eric DesRoche, Intermap's senior vice president of strategic business development. "This advisory board will provide Intermap with valuable expertise and knowledge as we expand our product and service offerings to new markets within this industry."
Intermap is digitally remapping entire countries, building unprecedented national databases, called NEXTMap. NEXTMap consists of highly accurate digital elevation data, accurate color images and other derived products. 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 such as intelligent transportation systems, flood risk management, disaster mitigation, 3D visualization, and Internet mapping. These new markets supplement growth in mainstream markets like geographical information systems (GIS), engineering planning, transportation, irrigation, environmental management, and telecommunications network planning. Internet applications in the future will include virtual tours, education, location based services, and computer games. The products are also used to add 3D to and improve the accuracy of 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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