Intermap Technologies' NEXTMap elevation models to enhance digital map displays for automotive in-dash, portable navigation, and local search solutions
Monday, November 9, 2009
DENVER: Intermap Technologies, the foremost worldwide 3D digital mapping company, today announced it has signed an agreement with Tele Atlas, a leading global provider of digital maps and dynamic content for navigation and location-based solutions. Under the terms of the agreement, Intermap will furnish uniform 3D elevation data derived from its 5-meter posted NEXTMap countrywide digital map database.
"We're pleased that our precision elevation data is being used to enhance the display of road networks for a full range of navigation services," said Brian Bullock, Intermap's president and CEO. "Tele Atlas is continuing to demonstrate its leadership in delivering what navigation system users want — the world as it truly is, in 3D. The immediate availability of our uniformly accurate 3D digital maps allows automotive, personal navigation and LBS solutions providers to meet the demands of their customers sooner, rather than later."
"Tele Atlas is committed to delivering the best visualization product to our customers worldwide," stated Rik Temmink, Tele Atlas' global vice president of product management. "Intermap's NEXTMap digital maps set the baseline standard for true 3D in-dash visualization and are uniquely able to deliver real world views of not only the road network, but the entire surface of the earth. We're excited to work with Intermap's NEXTMap terrain data, which allows us to take navigation to the next level with a visually superior product set."
"Our first major supply agreement within the automotive industry is a significant accomplishment for the company's automotive division and benefits the industry as a whole," stated Eric DesRoche, senior vice president of automotive for Intermap. "Getting our NEXTMap data into the vehicle is seen as a critical first step to supporting a variety of applications in partnership with Tele Atlas."
Intermap's NEXTMap data provides a uniform and accurate geospatial base layer, enabling Tele Atlas to easily conflate other visual assets such as building models, roads, and landmarks — resulting in a realistic visualization product that matches the outside world.
The Company is delivering data assets with a targeted launch into equipped automobiles in late 2010.
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap has offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, Paris, Prague, and Washington D.C. For more information, visit www.Intermap.com,www.mobile.AccuTerra.com or www.AccuTerra.com.
NEXTMap® and AccuTerra® are registered trademarks of Intermap Technologies Corporation. Other companies and products mentioned herein may be trademarks or registered trademarks of their respective trademark owners.
About Tele Atlas
For more information, please contact:
Richard Mohr, Senior Vice President & Chief Financial Officer
Eric DesRoche, Senior Vice President, Automotive
Canada — Financial
Corbet Pala, Investor Relations
E-vestor Communications Inc.
United States — Financial
Budd Zuckerman, Investor Relations
Genesis Select Corporation
Intermap Reader Advisory
Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. You can find a discussion of such risks and uncertainties in our Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. 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 Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. 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 forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.