Intermap Technologies, a worldwide 3D digital mapping and geospatial solutions company, today announced receipt of a USD $2 million contract for high-resolution digital elevation models to a large producer of natural gas in the United States. The client will take delivery of the Company’s NEXTMap USA countrywide multi-client data library in January. This contract award marks the next significant step in the successful penetration in the energy sector. Multiple sales of elevation data have been made to oil and gas, natural gas, wind power, and solar companies following the completion of the NEXTMap USA data set.
The Company will deliver its NEXTMap USA data via a managed account service established on the client’s behalf. The managed account provides the customer with online, as-needed access to digital surface models (DSMs) that include cultural features (such as vegetation, buildings, and roads) and digital terrain models (DTMs) that display the bare earth (with all cultural features digitally removed).
"Not only is the client pleased with the high quality of our data and the timeliness of our initial delivery,” said David Cunningham, Intermap’s senior vice president of global sales and marketing, “but the ease of access afforded them by our web enabled managed account service option will ensure they have all the data they need, where and when they need it.”
About Intermap Technologies
Intermap (TSX: IMP.TO) is a preeminent digital mapping and geospatial solutions provider that has set the industry standard for 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 and the Company’s contract mapping services is growing as commercial applications emerge within the GIS, federal & civil government, national mapping, defense and intelligence, automotive, insurance risk assessment, wireless telecommunications, and cloud-based web services markets.
Headquartered in Denver, Colorado, Intermap has offices in Calgary, Jakarta, Munich, and Prague.
For more information, please contact:
Nigel Jackson, Interim Chief Financial Officer
+1 (303) 708-0955
Canada – Financial
Cory 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
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.