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.
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SOURCE Intermap Technologies Corporation