DENVER, Jan. 3, 2012 /CNW/ - Intermap (TSX:IMP.TO), a leading provider of location-based information (LBI) solutions created from its uniform, high-resolution 3D digital models and orthorectified imagery of the Earth's surface, today announced it has received enterprise contracts totaling US$850,000 from two leading global telecommunications companies.
These global carriers have licensed Intermap's LinkPro™ 3D business intelligence application and the Company's highly accurate NEXTMap terrain and surface models for the planning and development of their 4G Long Term Evolution (LTE) wireless networks in Europe.
"Across Europe and around the world, smart phone usage is at an all time high with end users demanding faster data transfer rates and more consistent network coverage," said Todd Oseth, president and CEO of Intermap. "Using Intermap's LinkPro™ application and our highly accurate NEXTMap terrain and surface data, network planners can quickly build out their network virtually, and immediately identify obstructed links and coverage issues. Results are viewed online and any corrective action can be made instantly without interrupting the carrier's workflow process and without sending a network operations team into the field."
The NEXTMap LinkPro™ application was designed to support network expansion projects by delivering precise terrain profiles that include cultural features such as vegetation, buildings and roads. Network planners can immediately view the results online or import the data into their network planning software to create accurate direct path models that quickly verify whether lines of sight between existing and proposed tower locations are unimpeded.
For more information, visit http://www.intermap.com/en-us/industries/telecommunicationstelecom.aspx.
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, individual or enterprise wide license. Intermap's cloud-based hosted model offers customers the most convenient and affordable method to satisfy a customer's needs with both a 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.
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