DENVER – September 11, 2017 (TSX: IMP) (ITMSF:BB) – Intermap Technologies Corporation (“Intermap” or the “Company”) announced today that the Company has been awarded a $3.3 million expansion to its original 2017 task order for geospatial infrastructure services, previously announced on May 25, 2017. The customers’ 3-D digital elevation model (DEM) will be upgraded with new void-free collection, provisioning, and editing of elevation and image layers into a contiguous, wide area, high resolution geospatial foundation.
Intermap is using its proprietary airborne sensor technology and advanced processing platform to deliver new void-free baseline 3-D elevation models and imagery, including fully edited and orthorectified bare-earth digital terrain models (DTMs), Digital Surface Models (DSM), radar imagery (ORI), and detailed hydrology. Additional deliverables include detailed project reports and in-depth accuracy assessments. All the work is completed using ISO:9001 certified processes, with trained personnel and comprehensive Quality Management, ensuring accuracy and consistency.
Upon completion of its current Task Order, Intermap will have delivered, to the U.S. Government, upgraded geospatial 3-D infrastructure covering more than one million square kilometers (1,000,000 sq. km).
“Intermap has a long history of providing services to the U.S. Government”, commented Patrick Blott, Intermap Chairman and CEO. “By repeatedly exceeding contract specifications, and delivering on-time, and on-budget, this program has grown to more than $25 million since the first $2.2 million task order was awarded in 2010.”
This new dataset will be used for improved disaster planning, resource management, security interests, and infrastructure planning. This foundation data may be used to support: photogrammetric mapping; aero triangulation; orthophotography; thematic mapping; geographic information systems development; surveying and control acquisition; image manipulation, analysis, and interpretation; map digitizing; data manipulations; ancillary data acquisition; metadata production and revision; and the production or revision of geospatial products.
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap (www.intermap.com) is an industry leader in geospatial intelligence solutions. These geospatial solutions are used in a wide range of applications including, but not limited to, location-based information, risk assessment, geographic information systems, engineering, utilities, global positioning systems, oil and gas, renewable energy, hydrology, environmental planning, land management, wireless communications, transportation, advertising, and 3D visualization. Intermap generates revenue from three primary business activities, comprised of i) data acquisition and collection, using proprietary, multi-frequency, radar sensor technologies, ii) value-added data products and services, which leverage the Company’s proprietary NEXTMap® database and platform, together with proprietary software and fusion technologies, and iii) commercial applications and solutions, including a webstore and software sales targeting selected industry verticals that rely on accurate high resolution elevation data. The Company is a world leader in data fusion, analytics, and orthorectification, and has decades of experience aggregating data derived from a number of different sensor technologies and data sources, providing useful answers to geospatial problems. 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.
For more information, please contact:
Executive Vice President and CFO
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