DENVER, Feb. 21, 2019 /CNW/ - Intermap Technologies today announced that it has received USD $2.2 million in government task orders for the creation of digital elevation models ("DEMs") and imagery. Intermap's proprietary sensors and airborne platforms efficiently collect both orthorectified radar imagery and high-resolution elevation data, with capacity to collect more than 100,000 square kilometers per day. The data is produced to a consistent set of highly accurate specifications, including surface features as well as fully hydro-enforced bare-earth topography. The data will provide the first high-resolution maps of remote areas and will be utilized in applications such as safety of navigation, improved disaster planning, resource management, insurance modeling, security interests, land registry, and infrastructure planning. The collection associated with these task orders will commence in June 2019.
"Our customers consistently return to Intermap for high-quality geo-intelligence over wide areas, derived from our upgraded suite of specialized radar sensors, capable of achieving high-resolution terrain information to Quality Level 5 natively and 1-meter post spacing with our patented IRISTM processing," commented Patrick Blott, Intermap's Chairman and CEO. "Particularly in austere environments, where readiness demands high-acuity situational awareness, Intermap's unique technology allows its customers access to current high-resolution 3D datasets, regardless of environmental constraints."
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap (TSX: IMP) (ITMSF: BB) is an industry leader in geospatial intelligence solutions. These geospatial solutions can be 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, maps, oil and gas, renewable energy, hydrology, environmental planning, land management, wireless communications, transportation, advertising, and 3D visualization. Intermap has three core sources of revenue: multi-sensor data acquisition and collection, enriched data products, and commercial applications, software and solutions. The Company is a world leader in data fusion, analytics, and orthorectification, and has decades of experience aggregating, enriching, and managing 3-D data derived from a number of different sensor technologies and data sources. For more information please visit www.intermap.com.
Intermap Reader Advisory
Certain information provided in this news release, including statements in relation to the Company's project plans, 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