62% of NEXTMap Europe program completed with the addition of Italy |
Tuesday, January 20, 2009
DENVER: Intermap Technologies today announced that digital maps for Italy are commercially available as part of its NEXTMap® Europe program. Uniformly accurate 3D digital elevation models and high-resolution orthorectified radar images are now available for Italy's 301,318 square kilometers of varying terrain for the first time. Italy joins Germany, Great Britain, Luxembourg, and most recently France as complete geographies benefitting from Intermap's elevation models and images. Intermap now offers clients more than 1.5 million square kilometers of European data — representing 62% of the NEXTMap Europe initiative that already includes the above mentioned full country datasets and portions of Austria, Belgium, Czech Republic, Denmark, Spain, Switzerland, and The Netherlands. All of the Company's NEXTMap datasets include uniform digital surface models (1 meter or better vertical accuracy) that depict the earth's surface (including cultural features such as vegetation, buildings, and roads). These highly reliable datasets also include digital terrain models displaying the bare earth (with all cultural features digitally removed) and orthorectified radar images corrected to remove normal geometric distortions (grayscale and color images that accentuate topographic features). “This month's delivery of data for Italy follows closely the addition of France to our NEXTMap data library and demonstrates the incredible progress the Company is making on its NEXTMap Europe initiative. We now have geographic coverage representing over 50% of the population for the entire European Union. In a couple of months, we will have Europe complete and will then direct the bulk of our effort on completing the NEXTMap program in the U.S.,” commented Brian Bullock, Intermap Technologies' president and chief executive officer. Over the coming months, the Company will continue adding entire country datasets to the NEXTMap Europe library until the completion of its NEXTMap Europe program. Data is currently available through the Company's direct sales team, online via www.TerrainOnDemand.com, or through Intermap's worldwide partner network. 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, GPS maps, 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 850 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, Paris, Prague, and Washington D.C. For more information, visit www.Intermap.com or www.TerrainOnDemand.com Contacts: Intermap Technologies Richard Mohr, Senior Vice President & Chief Financial Officer +1 (303) 708-0955 Canada — Financial Corbet Pala, Investor Relations E-vestor Communications Inc. +1 (416) 657-2400 United States — Financial Budd Zuckerman, Investor Relations Genesis Select Corporation bzuckerman@genesisselect.com United Kingdom — AIM, Nominated Advisor Canaccord Adams Limited Andrew Chubb +44 (0) 207 050 6500
Intermap Reader Advisory 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 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. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release |