DENVER: Intermap Technologies Corp. today announced that its Intermap Federal Services, Inc. subsidiary received a USD $2.1 million contract to provide 3D digital elevation data and orthorectified radar imagery for an international project. The project utilizes data previously collected with the Company's proprietary Interferometric Synthetic Aperture Radar (IFSAR) technology. Under the agreement, the Company will deliver the mapping data during the third and fourth quarters.
“The continued demand from our existing customers reinforces the value driven from Intermap's digital mapping data,” commented Brian Bullock, president & CEO of Intermap Technologies. “Our operations team continues to collect and process highly accurate data at an unprecedented level, thus allowing us to support our contract service customers while adhering to an aggressive schedule for the completion of our NEXTMap®countrywide mapping program.”
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
rmohr@intermap.com
(303) 708-0955
Canada
Cory Pala, Investor Relations
E-vestor Communications Inc.
(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
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.