DENVER -- Intermap Technologies Corp. today announced that it has been awarded a new $2.2 million radar mapping contract. Under the agreement, the Company will collect and deliver 3D digital elevation models (DEMs) and orthorectified radar images (ORIs) utilizing Intermap's interferometric synthetic aperture radar (IFSAR) mapping technology. Data will be collected and delivered in 2007.
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) to be used to update existing maps and provide mapping data in regions where current map data does not exist.
“We continue to see a strong demand for our contract services due to our ability to collect and deliver a high-quality product on time and on budget,” commented Garth Lawrence, senior vice president of operations for Intermap Technologies. “Furthermore, our proven IFSAR data collection system continues to operate and deliver data that meets and exceeds our customer's expectations around the world.”
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
This news release may contain 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 statements involve 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.