Intermap Technologies Reports Expanded U.S. Government Task Order, NGA contract selection, and Thailand Soccer Team Rescue Support

Posted by Intermap Technologies

Jul 12, 2018 8:26:15 AM

DENVER – July 12, 2018 (TSX: IMP) (ITMSF:BB) – Intermap Technologies Corporation (“Intermap” or the “Company”) announced today that it has been awarded two additional task orders totaling $2.5 million as expansion to its previously announced U.S. Government task orders for the creation of digital elevation and bare earth terrain models. The original task order for $1.8 million was announced on February 6, 2018 and previously extended to $3.7 million on February 22, 2018. Today’s expansion brings the total 2018 contracted value to $6.2 million.

Separately, Intermap announced today that it was selected by National Geospatial-Intelligence Agency’s (NGA) as a member of the CACI International Inc team (Team CACI) to develop, validate and integrate geospatial intelligence data, under a $920 million ceiling, multi-award, Janus Geography contract. The prime contract was awarded to CACI International as one of 10 prime contractors for indefinite delivery/indefinite quantity through 2028. The 10-year program will support the creation, validation, enrichment and integration of foundation geospatial intelligence data.

In addition, at the special request of the Thai government, Intermap provided our newest and highest quality global one meter digital elevation model, NEXTMap One, to the team leading the search effort for the thirteen members of the youth soccer team that went missing in a cave in Northern Thailand on June 23, 2018. The NEXTMap One DEM was used in connection with known cave patterns to assist in determining the best-available access points and drainage for drilling locations. A high-resolution terrain model was delivered for use in visualizing and navigating during rescue mission operations within hours of the government’s initial request on June 27, 2018. Three dimensional models based on NEXTMap One were prepared by Intermap, MappointAsia Thailand Public Co. Ltd. along with Chiang Mai University and disseminated to Department of National Parks, Wildlife and Plant Conservation officials, and used to help locate the missing children and plan for their eventual extraction from the cave.

“We’d like to congratulate the international rescue operation, the Thai Navy SEALs and the emergency responders in Thailand on their success in locating the boys and bringing them to safety.  We are saddened by the loss of former Thai Navy SEAL, Saman Kunont.  Intermap was pleased to assist Thai officials and searchers to gain a better understanding of where the missing boys might be and safely extract them from the cave.  It is a great example of how geospatial data and building awareness of its capabilities can bring about tremendous results.” commented Patrick Blott, Chairman & CEO of Intermap.

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Topics: NEXTMap, Rescue, Government, Contracts, NextMap One

Intermap Technologies Reports Expanded U.S. Government Task Order

Posted by Intermap Technologies

Sep 11, 2017 12:04:46 PM

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.

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Topics: Contracts, Financial Results, Government, geospatial solutions

Intermap Technologies Provides an Update on its Previously Announced Orion Platform® Spatial Data Infrastructure Contract

Posted by Intermap Technologies

Aug 30, 2017 6:00:00 AM

DENVER – August 30, 2017 (TSX: IMP) (ITMSF:BB) – On February 5, 2016 Intermap Technologies Corporation (“Intermap” or the “Company”) announced that it had entered into definitive agreements pertaining to a previously announced letter of award (see June 22, 2015, September 29, 2015 and December 31, 2015 press releases) for the creation, operation and maintenance of a national spatial data infrastructure (“SDI”) program (the “Project”), valued at US$175 million. These arrangements contemplated that the Company would provide products and services pursuant to an engineering, procurement and construction agreement (“EPC Agreement”) to a client, Air-Map SARL (“Air-MAP”), who had in turn entered into an agreement with the Ministry of Planning of the Democratic Republic of Congo (“DRC”) to complete the Project for the DRC. In the Company’s prior press releases (see February 5, 2016 and July 5, 2016) the Company advised that the commencement of its EPC Agreement was subject to the finalization of the Project’s financing facility which was the obligation of its client (Air-Map) and, in July 2016, the Air-Map advised that the financing process was in its final phase with a leading multilateral financial institution.

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Topics: Financial Results, Annoucement, Orion Platform, Spatial Data Infrastructure, Contracts

Intermap Announces Equity Rights Offering and Updates SDI Contract Status

Posted by Intermap Technologies

Feb 24, 2017 7:00:00 AM

DENVER, February 24, 2017 - Intermap (TSX: IMP), (ITMSF:BB), a leading geospatial intelligence Corporation, confirmed today that it plans to proceed with an equity rights offering for gross proceeds of up to US$6,000,000 (the "Rights Offering") as announced on December 21, 2016.

The Corporation will be offering rights to holders of its common shares at the close of business on the record date of March 1, 2017 (the "Record Date"), on the basis of one right for each common share held. Each right will entitle the holder to subscribe for one common share of Intermap upon payment of the subscription price of C$0.06 or US$0.05 per common share. There are currently 101,344,582 common shares of the Corporation outstanding. If all of the rights issued under the rights offering are validly exercised, the Rights Offering will raise gross proceeds of approximately US$5 million, assuming all rights are subscribed and paid for in US dollars.

The rights will trade on the Toronto Stock Exchange under the symbol "IMP.RT". The rights will expire at 4:00 p.m. (Calgary time) on March 27, 2017 (the "Expiry Time"), after which time unexercised rights will be void and of no value. Shareholders who fully exercise their basic subscription right will be entitled to subscribe for additional common shares, if available as a result of unexercised rights prior to the Expiry Time, subject to certain limitations set out in the Corporation's rights offering circular. The Corporation expects to close the Rights Offering on or about March 30, 2017.

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Topics: Changes, Agreement, Executive, Contracts, SDI

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