DENVER: Intermap Technologies today announced that its Intermap Federal Services, Inc. subsidiary has received a USD $1.2 million contract to provide 3D digital elevation data and other map products for an international project.
The Company is generating uniformly accurate elevation datasets under a new product line, TopoSAR, that serve a client's need for large and difficult to access geographic regions and countries around the globe. The TopoSAR product is derived from data acquired via a latest generation radar satellite and processed by existing Intermap-proprietary radargrammetry software. Combined with ISO-certified editing processes and production facilities, the Company is able to quickly deliver elevation data that is superior in accuracy and detail to other products derived from space platforms.
“Our new TopoSAR product line gives Intermap the capability of meeting even more of the unique needs of our clients for elevation data around the world. Although the TopoSAR product does not have the accuracy or resolution of the products from our airborne systems, the TopoSAR products can be provided for areas where access by aircraft is not practical,” commented Brian Bullock, president & CEO for Intermap Technologies. “This sale further validates our decision to combine satellite data with our documented processing excellence and is a big plus for Intermap and the entire geospatial community. Not only can we deliver data for any part of the world, but the fact that it has been fully edited and processed by our internationally certified production facilities ensures the delivery of reliable data that can be used immediately.”
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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 has proactively remapped entire countries and built 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, renewable energy, 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
NEXTMap® is a registered trademark of Intermap Technologies Corporation
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
+1 (303) 415-0200
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.
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