DENVER, Dec. 7, 2015 /CNW/ - Intermap (TSX: IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced that the Company has received three new orders totaling approximately $2.4 million for archived NEXTMap® data and professional services work.
Intermap's NEXTMap foundation data provides the framework necessary for governments and businesses to make informed decisions and find intelligent solutions to their planning challenges. The Company's professional services are designed to maximize an organization's existing data investment. These services include the merging of disparate data into one homogeneous data specification (data fusion), and the engineering of alternative sensor data into value added products.
"Intermap's Orion Platform® based IFSAR radar mapping technology combined with our professional services capabilities create the best and most reliable data sets for our customers," said Todd Oseth, president and CEO of Intermap. "Follow-on orders from repeat customers is a strong endorsement of the long-term value of Intermap's unique solutions approach. We expect to recognize the majority of this additional revenue during the current quarter."
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap Technologies is an industry leader in the creation of National Spatial Data Infrastructures (NSDIs) with its secure, cloud-based Orion Platform®. Through its powerful suite of applications and proprietary development of contiguous databases that fuse volumes of geospatial data into a single source, the Orion Platform is able to provide location-based solutions for customers in diverse markets around the world. 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, other securities filings, and more specifically in the Company's press release dated June 22, 2015 regarding the letter of award for an Orion Platform implementation. 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
For further information: Intermap Technologies: Rich Mohr, Senior Vice President & Chief Financial Officer, [email protected], +1 (303) 708-0955; Canada - Financial: Cory Pala, Investor Relations, e.vestor Communications Inc., [email protected]