Intermap Announces $2.3 Million Contract

News Releases

27 Nov, 2012

- Initial Phase of an International 3D Business Intelligence Solutions Contract -

DENVER , Nov. 27, 2012 - Intermap (IMP.TO), (ITMSF:BB), a leading provider of location-based information (LBI) solutions, today announced that the Company was awarded a US $2.3 million 3D Business Intelligence (3DBI) solutions contract.

This contract is the initial phase of a program where Intermap will design, build and deliver 3DBI solutions for an Asia based client. The solution will enable a national spatial information database designed to be delivered via the cloud or on an appliance in the client's data center. This initial phase includes the sale of NEXTMap data to be used for area of interest analysis and feature extraction. The follow-on phase(s) is expected to be used for the creation of custom data layers, the fusion of specialized data sets and the creation of a RiskPro™ web-based application.

"The days of just pushing pixels are over. Our customers need more! This win is an example of Intermap executing on its solutions approach to solving our customer's problems," said Todd Oseth president and CEO of Intermap. "By thinking this way and by selling this way, we are building deeper and more valuable relationships with our customers and partners."

About Intermap

Intermap is an industry leader in location-based services and solutions. Through its powerful suite of 3DBI applications and proprietary development of contiguous databases that fuse volumes of GIS data into a single source, Intermap is able to provide location-based solutions for customers in diverse markets around the world that solve today's complex geospatial challenges.

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.

SOURCE: Intermap Technologies Corporation



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