Tuesday, September 25, 2007
Highly Accurate Digital Elevation Models Delivered for U.S. Gulf Coast Region
DENVER -- Intermap Technologies Corp. today announced that the National Geospatial-Intelligence Agency (NGA) has awarded the Company's Intermap Federal Services Inc. subsidiary a $1.3 million contract to provide imagery and elevation data from Intermap's comprehensive NEXTMap USA geospatial dataset. The licensed data includes the gulf coast areas of Alabama, Arkansas, Florida, Louisiana, and Mississippi.
All contract deliverables are in the Company's NEXTMap® data library and will be delivered this month. Included in the high-resolution datasets are digital surface models depicting the earth's surface (including cultural features such as vegetation, buildings, and roads), digital terrain models displaying the bare earth (with all cultural features digitally removed), and orthorectified radar images (grayscale images that accentuate topographic features). The 1-meter vertically accurate and 5-meter posted digital elevation models (DEMs) will enable a variety of solutions within the agency, including, but not limited to, geographic planning and disaster preparedness during hurricane season.
“NGA was one of three U.S. Government Agencies to make a commitment to purchase the entire NEXTMap USA database,” commented Brian Bullock, president and CEO of Intermap Technologies. “This contract is the fourth purchase under an agreement that features substantial volume price discounts in return for the advance purchase commitment. Thus, the U.S. Government enjoys the benefit of a commercial initiative to re-map the entire U.S. at unprecedented accuracy and uniformity. To date, we have delivered $6.1 million worth of multi-client data licenses through our agreement with NGA.”
As part of the Company's nationwide effort, 47% of the geography across the U.S. has already been collected under the NEXTMap USA program. Collection will be completed in 2008 with final data processing for the entire country completed in 2009. The 7.9 million square kilometer NEXTMap USA dataset will include 320 billion elevation postings, over 5 trillion image pixels, and will become the largest nation mapped at this level of detail and accuracy.
About Intermap Technologies
Intermap (TSX: IMP.TO, AIM: IMAP.L) is creating uniform 3D digital models of the earth's surface and building a library of affordably priced elevation data and geometric images of unprecedented accuracy. The Company is proactively remapping entire countries and building uniform national databases, called NEXTMap®. Demand for NEXTMap® data is growing as new commercial applications emerge within the GIS, engineering, automotive, personal navigation device, insurance risk assessment, oil and gas, hydrology, environmental planning, wireless communications, transportation, aviation, and 3D visualization markets.
Headquartered in Denver, Colorado, Intermap employs more than 500 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, and Prague. For more information, visitwww.intermap.com.
For more information, please contact:
Intermap Technologies
Richard Mohr, Senior Vice President & Chief Financial Officer
rmohr@.intermap.com
(303) 708-0955
Canada — Financial
Corbet Pala, Investor Relations
E-vestor Communications Inc.
cpala@evestor.com
(416) 657-2400
United States — Financial
Budd Zuckerman, Investor Relations
Genesis Select Corporation
bzuckerman@genesisselect.com
(303) 415-0200
United Kingdom — AIM, Nominated Advisor
Canaccord Adams Limited
Andrew Chubb
Clayton Bush
+44 (0) 207 050 6500
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