9 Oct, 2006 Denver, Colo. (October 9, 2006): Intermap Technologies Corp. (TSX: IMP.TO, AIM: IMAP.L) today announced that its subsidiary Intermap Technologies GmbH has received a contract from an important international client for geospatial data valued at US$3.7 million. Under the agreement, Intermap will collect, process and deliver the data by the end of 2006.
Contract deliverables include high-resolution digital elevation data and radar imagery generated through Intermap's Interferometric Synthetic Aperture Radar (IFSAR) mapping systems. The client will use the data to orthorectify existing high-resolution satellite imagery for updating regional maps, databases, and future planning.
"We are pleased to have the opportunity to work with this client on this important project," commented Dr. Manfred Krischke, managing director of Intermap Technologies GmbH. "The high accuracy and resolution of our data will prove to be of significant value as the client performs map updates at a scale previously not achievable."
With this contract, Intermap has now announced over $25 million of contracts during 2006 with $20 million originating from contract services work and $5 million originating from NEXTMap multi-client data licensing. During the second half of the year, Intermap has already announced $9.6 million in contract services work and $3.2 million in NEXTMap multi-client data licensing. This increased level of contracting highlights the strength of the Company's underlying global contract services business, which helps to finance the creation of Intermap's NEXTMap databases and also shows an increasing demand for the Company's NEXTMap products.
Intermap enables customers to facilitate better decision-making and create applications for numerous commercial, governmental, military, and consumer products through the purchase of high quality and affordable elevation datasets. The Company is proactively remapping entire countries and building unprecedented national databases, called NEXTMap, consisting of highly accurate digital topographic maps that include elevation data.
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/wireless network planning, aviation, simulation, and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. Datasets are also used to add interactive intelligence to airborne and satellite imagery.
Headquartered in Denver, Colorado, Intermap employs more than 280 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. For more information, visit www.intermap.com.