DENVER, September 30, 2013 - Intermap Technologies (TSX: IMP), (ITMSF:BB), a leading provider of geospatial solutions on-demand created from its uniform, high-resolution 3D digital models of the earth’s surface, today announced that the Company was awarded a US $1.0 million contract from a repeat customer for Phase II of a geospatial professional services project initiated in 2011.
“Innovation and speed are at the heart of the professional services that we offer,” said Todd Oseth president and CEO of Intermap. “Intermap’s solutions-centric professional services approach shortens the customer journey.” Mr. Oseth added, “This Phase II contract illustrates Intermap’s acquisition sensor agnostic approach, whereby LiDAR and digital aerial photo will be the sensors used to acquire new data. Phase I of the project utilized Intermap’s proprietary IFSAR radar based NEXTMap® data for the initial project planning to create a base model. The final fused database will be used for infrastructure design and management for a major utility corridor in the western United States. Work on the project will commence immediately and is expected to be completed during the second quarter of 2014.”
Intermap’s professional services are not limited to any one type of acquisition sensor (i.e. IFSAR radar, LiDAR, satellite, digital aerial photo, etc.). By fusing disparate datasets together, the most cost effective, fit for purpose, geospatial database can be created to meet customer needs.
About Intermap Technologies
Headquartered in Denver, Colorado - Intermap (www.intermap.com) is an industry leader in geospatial solutions on demand with its secure, cloud based Orion Platform™. Through its powerful suite of 3DBI applications and proprietary development of contiguous databases that fuse volumes of geospatial data into a single source, the Orion Platform is able to provide location-based solutions for customers in diverse markets around the world. For more information please visit www.intermap.com.
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.
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