Intermap Announces Letter of Award for Orion Platform Implementation Program Valued at Greater than $125 Million.

Posted by Rich Mohr

Jun 22, 2015 8:29:00 PM

Intermap Announces Letter of Award for Orion Platform® Implementation Program Valued at Greater than $125 Million

Denver, June 22, 2015 – Intermap Technologies Corporation (“Intermap” or the “Company”) (TSX: IMP), (ITMSF: BB), a leading provider of geospatial solutions, today announced that a consortium led by the Company was issued with a governmental letter of award for the creation, operation and maintenance of a national spatial data infrastructure (SDI) program. The scope of work for the initial 2-year SDI implementation phase is valued at greater than $125 million, with product delivery expected to commence during the third quarter of 2015. The Company will also provide an operation and maintenance module valued at greater than $50 million for an additional 18-year period. The 20-year SDI program is administered within a public-private-partnership (PPP) framework under a build-operate-transfer (BOT) model, with the Company serving as the prime contractor, on a turnkey basis.
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Topics: New Customer, Big Data, Orion Platform

Intermap Technologies Introduces NEXTMap® World 10™

Posted by Rich Mohr

Jun 17, 2015 7:30:00 AM

Get the Multi-Sensor Advantage – Today!

DENVER, June 17, 2015 - Intermap Technologies® (TSX:IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced the release of NEXTMap® World 10Digital Elevation Model (DEM). NEXTMap World 10 is the only global digital elevation model available that incorporates the consistency of radar with the resolution of optical. It leverages the best of each technology and builds on the success of Intermap’s World 30 offering.

NEXTMap World 10 combines the best of ASTER and SRTM data for a higher resolution, more accurate product by leveraging its patent-pending data fusion technologies. This fusion has led to higher spatial content of the final DEM. World 10 also contains superior coastal behavior and improved accuracies due to enhanced ICESat processing of land and water boundaries.

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Topics: New Product Introduction, NEXTMap

Intermap Technologies Signs InsitePro Agreement with Major Florida Insurer

Posted by Rich Mohr

Jun 15, 2015 8:36:35 AM

DENVER, June 15, 2015 - Intermap Technologies (TSX:IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced an InsitePro subscription from one of the largest insurers of homes in Florida. InsitePro is software as a service (SaaS) that supplies location-based risk assessment to the property insurance industry. A key benefit of InsitePro for this insurer is the ability to score location risks according to their own business rules.

“This subscription is a milestone for InsitePro because it validates our strategy for risk scoring,” said Ivan Maddox, Intermap’s InsitePro Product Manager. “Insurers need to apply their own view of risk to natural catastrophe perils to ensure maximum efficiency and competitiveness. The risk scoring component of InsitePro provides this Florida carrier with immediate answers to their pricing questions by offering a more complete view of risk than what can be obtained by simply viewing a flood zone or claims history.

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Topics: InsitePro, Product Update

Intermap Receives Irrevocable Notice of Conversion of Convertible Note

Posted by Rich Mohr

Jun 15, 2015 8:33:27 AM

DENVER, June 15, 2015 - Intermap Technologies Corporation (“Intermap” or the “Company”) (TSX: IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced that on June 12, 2015, the Company received an irrevocable notice of conversion from Vertex One Asset Management, Inc. (the "Noteholder") to convert all of its US$500,000 convertible note (the "Note") into 5,741,187 common shares ("Common Shares") of the Company (the "Conversion") at a conversion price of CDN$0.10 per common share, in accordance with the terms of the Note, using the December 10, 2014 Bank of Canada noon exchange rate of CDN$1.00 to US$0.8709.

The Note was originally issued by the Company on December 12, 2014 on a private placement basis (the "Note Financing"). For additional details regarding the Note Financing, please refer to the Company's press release dated December 15, 2014 and to its annual and quarterly financial statement filings subsequent to the date of the Note.

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Topics: Investors

Intermap Announces $2.1 Million Mapping Services Solutions Contract

Posted by Rich Mohr

Jun 5, 2015 8:41:00 AM

DENVER, June 5, 2015 - Intermap (TSX: IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced that the Company was awarded a US $2.1 million contract for an airborne radar mapping services solution.

Intermap is using its proprietary Interferometric Synthetic Aperture Radar (IFSAR) technology to collect orthorectified radar imagery and high resolution elevation data to enhance the customer’s existing geospatial map database. This new dataset will be used for improved disaster planning, resource management, security interests, and infrastructure planning. The project will commence in July 2015 and the final deliveries of the dataset are expected to be substantially complete by the end of the end of the year 2015.

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Topics: Mapping Services

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