ZURICH and DENVER, June 18, 2007 — ViewTec AG headquartered in Switzerland and Intermap Technologies Corp. (TSX: IMP.TO, AIM: IMAP.L) headquartered in the United States have entered a strategic business partnership to provide TerrainView-Globe™ 3D with premium elevation models, based on Intermap's highly reliable geospatial core products and ViewTec's state-of-the-art visualization, exploration, and simulation software.
“Intermap Technologies is a world leader in the development of high-resolution digital surface and digital terrain models, and orthorectified radar images,” says Dr. Michael Beck, president and CEO of ViewTec AG. “This partnership is particularly significant since accurate terrain is the key to developing our high quality premium elevation models as the foundation for existing and emerging 3D visualization applications. Being able to provide premium elevation models, together with TerrainView-Globe will allow us to meet the increasing demand in the field of 3D VIZ/SIM for high definition and high quality base data.”
“As technology advances and users demand a higher quality and more realistic virtual experience, ViewTec is already ahead of the curve in delivering a top-notch product”, said John Weeber, Intermap's director of business partner development. “Providing our height data as the accurate foundation layer for visualization is only one of many uses where we are enabling partners around the world to build solutions to drive geospatial applications that solve real-world needs.”
Under the terms of this agreement, ViewTec and Intermap will market the premium elevation models bundled with TerrainView-Globe™ to the 3D visualization, exploration, and simulation community. Premium elevation models will be available on-demand, together with TerrainView-Globe™, on a local, regional, and national level, to enable the building of high-definition 3D models for 17 European countries and the United States.
ViewTec is a privately owned company, headquartered in Zurich, Switzerland and founded in 1998. ViewTec is the world leader of 3D software development for realistic scene modeling, interactive 3D visualization, exploration and simulation. ViewTec's TerrainView-Globe™ software is used worldwide by governments, defense and privately owned organizations. Commitment to quality, profound and strong software development skills build the basis for innovative and excellent products and services. Further information is available atwww.viewtec.ch.
About Intermap Technologies
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 425 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, and Prague. For more information, visitwww.intermap.com.
Dr. Thomas Blaser
This news release contains certain forward-looking statements, which include certain assumptions with respect to the future business and operations of the Company. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statementsinvolve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
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