DENVER, July 12, 2018 /CNW/ - (TSX: IMP)
(ITMSF:BB) – Intermap Technologies Corporation ("Intermap"
or the "Company") announced today that it has been awarded two
additional task orders totaling $2.5
million as expansion to its previously announced U.S.
Government task orders for the creation of digital elevation and
bare earth terrain models. The original task order for $1.8 million was announced on February 6, 2018 and previously extended to
$3.7 million on February 22, 2018. Today's expansion brings the
total 2018 contracted value to $6.2
million.
Separately, Intermap announced today that it was selected by
National Geospatial-Intelligence Agency's (NGA) as a member of the
CACI International Inc team (Team CACI) to develop, validate and
integrate geospatial intelligence data, under a $920 million ceiling, multi-award, Janus
Geography contract. The prime contract was awarded to CACI
International as one of 10 prime contractors for indefinite
delivery/indefinite quantity through 2028. The 10-year program will
support the creation, validation, enrichment and integration of
foundation geospatial intelligence data.
In addition, at the special request of the Thai government,
Intermap provided our newest and highest quality global one meter
digital elevation model, NEXTMap One, to the team leading the
search effort for the thirteen members of the youth soccer team
that went missing in a cave in Northern
Thailand on June 23, 2018. The
NEXTMap One DEM was used in
connection with known cave patterns to assist in determining the
best-available access points and drainage for drilling locations. A
high-resolution terrain model was delivered for use in visualizing
and navigating during rescue mission operations within hours of the
government's initial request on June 27,
2018. Three dimensional models based on NEXTMap One were
prepared by Intermap, MappointAsia Thailand Public Co. Ltd. along
with Chiang Mai University and disseminated to Department of
National Parks, Wildlife and Plant Conservation officials, and used
to help locate the missing children and plan for their eventual
extraction from the cave.
"We'd like to congratulate the international rescue operation,
the Thai Navy SEALs and the emergency responders in Thailand on their success in locating the boys
and bringing them to safety. We are saddened by the loss of
former Thai Navy SEAL, Saman Kunont. Intermap was pleased to assist
Thai officials and searchers to gain a better understanding of
where the missing boys might be and safely extract them from the
cave. It is a great example of how geospatial data and building
awareness of its capabilities can bring about tremendous results."
commented Patrick Blott, Chairman
& CEO of Intermap.
About Intermap Technologies
Headquartered in Denver,
Colorado, Intermap (www.intermap.com) 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 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.
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SOURCE Intermap Technologies Corporation