Intermap Announces $750,000 Mapping Services Solutions Contract
DENVER, March 25, 2013 /PRNewswire/ - Intermap (TSX: IMP), (ITMSF:BB), a leading provider of geospatial solutions on-demand created from its uniform, high-resolution 3D digital models of the earth's surface, today announced that the Company was awarded a US $750,000 task order from Dewberry Consultants LLC for the fourth 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 Intermap to consistently offer the most reliable Mapping Services capabilities possible for this region.About Intermap Headquartered in Denver, Colorado - Intermap ( www.intermap.com) is an industry leader in geospatial solutions on demand. Through its powerful suite of 3DBI applications and proprietary development of contiguous databases that fuse volumes of GIS data into a single source, Intermap is able to provide location-based solutions for customers in diverse markets around the world that solve today's complex geospatial challenges. 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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