DENVER, Sept. 27, 2017 /CNW/ - (TSX: IMP)
(ITMSF:BB) – Intermap Technologies Corporation ("Intermap"
or the "Company") announced today the Company has been awarded a
further $800,000 expansion to its
original 2017 U.S. Government task order for geospatial
infrastructure services, providing the Company's radar foundation
data including void-free first return and bald-Earth 5m elevation
models (DSM, DTM) and high resolution orthorectified radar imagery
(0.625m ORI). The task order was originally announced on
May 25, 2017 and previously extended
on September 11, 2017.
Separately, Intermap has further announced that it collected
radar imagery and generated flood extents for Harris County during Hurricane Harvey,
including for Houston, TX.
Harris County is the third largest
county in the United States, by
population. Intermap flood imagery was produced within 48 hours of
deployment, providing analysts with high resolution imagery
unobstructed by clouds and severe weather. Intermap's imagery has
been made available to the Federal agencies responsible for
disaster monitoring and recovery.
"Intermap has developed a market leading flood software to
support the government, our insurance clients, and the general
public with effective underwriting, claims, and risk management,"
commented Patrick Blott, Intermap
Chairman and CEO. "These hurricanes generate great suffering. Our
clients mitigate the financial burdens caused by extreme rain and
storm surge by using better and more accurate property-level risk
assessments, which are only available through InsitePro."
A consumer-facing version of InsitePro, Intermap's proprietary
flood risk assessment software, has been made available to the
public on InsitePro's Houston Flood
Risk website at https://harvey.intermap.com. Detailed flood
extents will be available to all InsitePro clients in October.
About Intermap Technologies
Headquartered in Denver,
Colorado, Intermap (www.intermap.com) 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 and platform, 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 data fusion,
analytics, and orthorectification, and has decades of experience
aggregating data derived from a number of different sensor
technologies and data sources, providing useful answers to
geospatial problems. For more information please visit
www.intermap.com.
Intermap Reader Advisory
Certain information provided in this news release, including
the availability of detailed flood extents, 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. 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