DENVER – December 21, 2018 – Intermap Technologies today announced that it has received a USD $1.8 million government contract to provide current, high resolution elevation data and orthorectified radar imagery for an international project. The Company’s client will take delivery of its models and data immediately through commercial, off-the-shelf provisioning (“COTS”), under our NEXTMap program. High resolution terrain models, derived from multiple sensor inputs, that are consistent, contiguous, and orthorectified, and available immediately, enable various government services, including topographic map production, 3D visualization, infrastructure development, telecommunications planning, safety of navigation, emergency response, and resource management. Our NEXTMap program and COTS elevation-as-a-service are available directly from Intermap or bundled as options in software subscriptions from our commercial partners, such as Global Mapper.
“We continue to deliver immediate, high-value geospatial solutions to our international customers, backed by our proprietary, high-acuity, digital elevation products available in real time under our industry-leading NEXTMap One program,” commented Patrick Blott, Chairman & CEO. “This award, and the rapid provisioning of complex, multi-sourced sensor data, covering difficult terrain and weather environments, demonstrate Intermap’s global reach and its ability to deliver effective solutions in a rapid response format.”
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap (TSX: IMP) (ITMSF: BB) 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.
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