DENVER – February 6, 2018 (TSX: IMP) (ITMSF:BB) – Intermap Technologies Corporation (“Intermap” or the “Company”) announced today that it has been awarded $1.8m in government task orders to provide foundation geointelligence.
In addition to wide-area multi-frequency radar, Intermap will deliver 3-D data with a calibrated high resolution laser sensor, called Light Detection and Ranging (LiDAR). The new datasets inform topography, elevation, precise imagery, geodesy, GeoNames, boundaries, and human geography. High quality foundation data facilitates safety of navigation, improved disaster planning, resource management, insurance modeling, security interests, land registry, and infrastructure planning. Intermap utilizes proprietary sensors and airborne platforms to collect its foundation data. Intermap will commence data collection in February 2018.
To support further expansion in its key geoint markets, Intermap is pleased to welcome Kyle LaMarche and Richard Šálek to the Company’s sales leadership team.
As a former Naval Officer, Kyle LaMarche brings to Intermap more than twenty years of business development and leadership experience, serving the advanced remote sensing market. Kyle will leverage the Company’s proprietary enriched datasets, multi-sensor collection capabilities, cloud native applications, artificial intelligence tools, patented data enrichment processes, and pattern-of-life models to support innovative solutions for our government clients.
Richard Šálek brings to Intermap more than twenty years of commercial software, hardware, professional services sales and business development experience. Richard will support innovative solutions for our commercial clients in the insurance, telecommunications, and transportation industries, who are rapidly migrating their data-rich workflows to the cloud, where they can better access dynamic, real-time 3-D analytics and efficient source data management.
“With a 30-year track record, Intermap is a proven innovator and world leader in 3-D data discovery, filtering, assessment, analytics, and management,” commented Patrick Blott, Intermap Chairman and CEO. “These task orders, and the addition of highly talented people to grow both our government and commercial businesses, reflect Intermap’s commitment to delivering dynamic and innovative, mission-essential content, analytics and answers, where, when, and how they are needed.”
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap (www.intermap.com) is an industry leader in geospatial intelligence solutions. These geospatial solutions can be 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 maps, oil and gas, renewable energy, hydrology, environmental planning, land management, wireless communications, transportation, advertising, and 3D visualization. Intermap has three core sources of revenue: multi-sensor data acquisition and collection, enriched data products, and commercial applications, software and solutions. The Company is a world leader in data fusion, analytics, and orthorectification, and has decades of experience aggregating, enriching, and managing 3-D data derived from a number of different sensor technologies and data sources. 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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