DENVER, Aug. 1, 2012 /CNW/ - Intermap (TSX: IMP), a leading provider of location-based information (LBI) solutions created from its uniform, high-resolution 3D digital models of the earth's surface called NEXTMap, today announced that the Company was awarded a US $3.6 million task order from Dewberry & Davis for the third phase expansion of its previously announced airborne radar mapping services project in Alaska. Additional contract funding for this project may occur at future dates.
Intermap is using its proprietary Interferometric Synthetic Aperture Radar (IFSAR) technology to collect orthorectified radar imagery and high resolution elevation data for an area of Alaska that has never been mapped to this level of accuracy. The elevation data and imagery collected by Intermap will be used in economic development, infrastructure development and homeland security applications.
"The value of Intermap's Mapping Services capabilities continues to increase in the marketplace as more public and private sector organizations embrace the power of our end-to-end solutions capabilities," said Todd Oseth, Intermap's president and CEO. "Intermap's unique Mapping Services technology enables our customers to address the area of interest that they want to map with pinpoint accuracy. We then collect and deliver orthorectified radar imagery and high resolution elevation data that either the customer or Intermap can convert into a unified solution that derives the data-driven answers they require. Intermap's complete solutions approach enables us to provide a one-stop shop for all of our customer's geospatial needs."
Due to persistent cloud cover, traditional satellite and airborne optical imagery is not available for large portions of Alaska. Intermap's IFSAR radar mapping technology is not affected by cloud cover which has enabled the company to consistently offer the most reliable Mapping Services capabilities possible for this region.
(TSX: IMP) Headquartered in Denver, Colorado, Intermap (www.intermap.com) is a leading provider of Location-Based Information (LBI), setting the industry standard for creating high-resolution 3D digital models of the earth's surface. The Company has remapped entire countries, to build NEXTMap® national databases consisting of affordably priced elevation data and geometric images of unparalleled accuracy. Turnkey solutions can be purchased from the Company's NEXTMap Online Store, a hosted web services platform offering a variety of subscription levels by geography, data-layer, and individual or enterprise wide licenses. Intermap's cloud-based hosted model offers customers the most convenient and affordable method to satisfy a customer's needs with both Platform as a Service (PaaS) and Software as a Service (SaaS) options. For more information about Intermap's web services please visit http://www.intermap.com/en-us/purchase.aspx.
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.
SOURCE: Intermap Technologies Corporation
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