DENVER, April 12, 2019 /CNW/ - Intermap Technologies has been awarded its first contract for its new, high-resolution aviation terrain dataset announced in December. An international drone operator which delivers medical supplies has signed a multi-year contract in which Intermap will deliver its new Lido/SurfaceData NEXTView terrain dataset to improve flight efficiency, navigation and safety. Intermap's location data will enable payloads to be delivered within a landing zone of less than 5-meters in remote environments, where mountainous geography and poor road conditions make an aerial delivery system most efficient.
NEXTView, developed through a partnership with Lufthansa Systems GmbH & Co KG, provides unprecedented global situational awareness for aviation applications. NEXTView combines high-resolution terrain, obstacle, and aerodrome information into a single coherent and uniform global dataset with military-grade acuity. NEXTView will be certified to relevant industry standards and covers 100% of Earth's land area with 3-meter vertical accuracy.
The NEXTView product is one of a suite of elevation-related software solutions based on the Intermap's very successful NEXTMap® elevation terrain dataset. Intermap has been steadily building its portfolio of analytic solutions, including flood-risk mapping and telecommunications link planning, to expand into broader markets. According to Patrick Blott, Chairman and CEO, "NEXTView will help our customer shorten flight times and reduce the chance of crashes, while delivering emergency medical supplies to rural populations. In many austere environments, drones can substantially cut costs and save lives. This high-tech supply chain can be faster and more reliable than traditional aviation or motor vehicle means, and our NEXTView product is advancing its mission to improve situational awareness, efficiency, and save lives."
"After over a year working together with Intermap, we developed this unique terrain product specially designed for the needs of the aviation industry. We are very happy that after testing our dataset, an international drone operator was convinced that this solution would suit their specific needs and signed a contract for Lido/SurfaceData NEXTView," said Fabio Fornallaz, Product Owner for Lido/SurfaceData at Lufthansa Systems.
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap (TSX: IMP) (ITMSF: BB) is an industry leader in geospatial intelligence solutions. These geospatial solutions are used in a wide range of applications including, but not limited to, location-based information, risk assessment, geographic information systems, engineering, utilities, global positioning systems, oil and gas, renewable energy, hydrology, environmental planning, land management, wireless communications, transportation, advertising, and 3D visualization. Intermap generates revenue from three primary business activities, comprised of i) data acquisition and collection, using proprietary, multi-frequency, radar sensor technologies, ii) value-added data products and services, which leverage the Company's proprietary NEXTMap® database, together with proprietary software and fusion technologies, and iii) commercial applications and solutions, including a webstore and software sales targeting selected industry verticals that rely on accurate high resolution elevation data. The Company is a world leader in geospatial data management and processing, including fusion, analytics, and orthorectification, and has decades of experience aggregating data derived from a number of different sensor technologies and data sources. For more information please visit www.intermap.com.
About Lufthansa Systems GmbH & Co KG
Lufthansa Systems GmbH & Co. KG is a leading airline IT provider. Based on long-term project experience, a deep understanding of complex business processes and strong technological know-how, the company provides consulting and IT services for the global aviation industry. Over 350 airlines worldwide rely on the know-how of IT specialists at Lufthansa Systems. Its portfolio covers innovative IT products and services which provide added value for its customers in terms of enhanced efficiency, reduced costs or increased profits. Headquartered in Raunheim near Frankfurt/Main, Germany, Lufthansa Systems has offices in 16 other countries.
Intermap Reader Advisory
Certain information provided in this news release, including statements in relation to the Company's product development and revenue-generating activities constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", "will be" 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. Intermap's forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap's 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
For further information: Intermap Technologies, Jennifer Bakken, Executive Vice President and CFO, [email protected], +1 (303) 708-0955