DENVER, COLORADO--(CCNMatthews - March 7, 2006) - Intermap Technologies Corporation (TSX:IMP) announced today that it has signed a letter of intent with Tele Atlas North America, Inc. to develop highly accurate two- and three-dimensional digital road maps for the vehicle navigation market.
The new collaboration is an important step in addressing the growing demand for intelligent transportation system (ITS) and combines Tele Atlas' 2D road data with Intermap's 3D NEXTMap data. The companies will first work to produce an operational scale pilot incorporating Intermap's 3D elevation map of California, the most accurate map of the state ever produced, and Tele Atlas road vectors. The resulting application will allow visualization systems to operate at higher levels of detail and accuracy than any other statewide dataset.
"We are excited to join forces with Tele Atlas in an effort to accelerate 3D navigation visuals and provide a more detailed 3D road vector database in support of ITS applications," commented Brian Bullock, president and CEO of Intermap Technologies. "We are not only focused on improving navigation systems, but also on positively impacting other ITS applications such as vehicle safety, road safety and fuel consumption. An accurate 3D vector database is critical to all of these efforts. We are encouraged by the results from our pilot project, and we look forward to working with Tele Atlas on a larger scale."
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.
About Tele Atlas
Founded in 1984, Tele Atlas delivers the digital maps and dynamic location content that powers the world's most essential geographic solutions. The information is the foundation for a wide range of personal and in-car navigation systems, mobile and Internet map applications that help GPS system users find the places, products and services they need, wherever they are. Tele Atlas also works with business partners who deliver critical applications for emergency, business fleet and infrastructure services. The company employs 2,300 full-time staff and contract cartographers at offices in 20 countries around the world and uses a sophisticated network of thousands of sources to regularly update its maps. Tele Atlas is listed on the Frankfurt Stock Exchange (TA6) and on Euronext Amsterdam (TA). For more information, visit www.teleatlas.com.