DENVER: (TSX: IMP, AIM: IMAP) Intermap Technologies Corp. today announced that its Intermap Federal Services, Inc. subsidiary has received a USD $6.2 million contract to provide 3D digital elevation data and orthorectified radar imagery for an international project. The project requires the delivery of data collected using the Company's proprietary Interferometric Synthetic Aperture Radar (IFSAR) technology. Under the agreement, the Company will deliver the mapping data over the balance of this fiscal year.
“This additional data sale to an existing customer is testament to Intermap's ability to collect and deliver high quality data to our customers, providing high-value, on-time results,” commented Brian Bullock, president & CEO for Intermap Technologies. “The cash generated from our contract services business helps fund our ongoing investment in the NEXTMapà’ database which continues to rapidly grow through record data collection levels in 2008.”
About Intermap Technologies
Intermap (TSX: IMP.TO, AIM: IMAP.L) is a preeminent digital mapping company creating uniform high-resolution 3D digital models of the earth's surface. The Company is proactively remapping entire countries and building uniform national databases, called NEXTMap®, consisting of affordably priced elevation data and geometric images of unprecedented accuracy. 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 800 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, Prague, and Washington D.C. For more information, visit www.intermap.com.
NEXTMap® is a registered trademark of Intermap Technologies Corporation
For more information, please contact:
Intermap Technologies
Richard Mohr, Senior Vice President & Chief Financial Officer
(303) 708-0955
Canada
Cory Pala, Investor Relations
E-vestor Communications Inc.
cpala@evestor.com
(416) 657-2400
United States
Budd Zuckerman, Investor Relations
Genesis Select Corporation
(303) 415-0200
United Kingdom — AIM, Nominated Advisor
Canaccord Adams Limited
Andrew Chubb
+44 (0) 207 050 6500