DENVER, April 12, 2019 /CNW/ - Intermap Technologies has
been awarded its first contract for its new, high-resolution
aviation terrain dataset announced in December. An international
drone operator which delivers medical supplies has signed
a multi-year contract in which Intermap will deliver its new
Lido/SurfaceData NEXTView terrain dataset to improve flight
efficiency, navigation and safety. Intermap's location data will
enable payloads to be delivered within a landing zone of less than
5-meters in remote environments, where mountainous geography and
poor road conditions make an aerial delivery system most
efficient.
NEXTView, developed through a partnership with Lufthansa Systems
GmbH & Co KG, provides unprecedented global situational
awareness for aviation applications. NEXTView combines
high-resolution terrain, obstacle, and aerodrome information into a
single coherent and uniform global dataset with military-grade
acuity. NEXTView will be certified to relevant industry standards
and covers 100% of Earth's land area with 3-meter vertical
accuracy.
The NEXTView product is one of a suite of elevation-related
software solutions based on the Intermap's very successful NEXTMap®
elevation terrain dataset. Intermap has been steadily building its
portfolio of analytic solutions, including flood-risk mapping and
telecommunications link planning, to expand into broader markets.
According to Patrick Blott, Chairman
and CEO, "NEXTView will help our customer shorten flight times
and reduce the chance of crashes, while delivering emergency
medical supplies to rural populations. In many austere
environments, drones can substantially cut costs and save lives.
This high-tech supply chain can be faster and more reliable than
traditional aviation or motor vehicle means, and our NEXTView
product is advancing its mission to improve situational awareness,
efficiency, and save lives."
"After over a year working together with Intermap, we
developed this unique terrain product specially designed for the
needs of the aviation industry. We are very happy that after
testing our dataset, an international drone operator was convinced
that this solution would suit their specific needs and signed a
contract for Lido/SurfaceData NEXTView," said Fabio
Fornallaz, Product Owner for Lido/SurfaceData at Lufthansa
Systems.
About Intermap Technologies
Headquartered in Denver,
Colorado, Intermap (TSX: IMP) (ITMSF: BB) 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, 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 geospatial data
management and processing, including fusion, analytics, and
orthorectification, and has decades of experience aggregating data
derived from a number of different sensor technologies and data
sources. For more information please visit www.intermap.com.
About Lufthansa Systems GmbH & Co KG
Lufthansa Systems GmbH & Co. KG is a leading airline IT
provider. Based on long-term project experience, a deep
understanding of complex business processes and strong
technological know-how, the company provides consulting and IT
services for the global aviation industry. Over 350 airlines
worldwide rely on the know-how of IT specialists at Lufthansa
Systems. Its portfolio covers innovative IT products and services
which provide added value for its customers in terms of enhanced
efficiency, reduced costs or increased profits. Headquartered in
Raunheim near Frankfurt/Main,
Germany, Lufthansa Systems has offices in 16 other
countries.
Intermap Reader Advisory
Certain information provided in this news release, including
statements in relation to the Company's 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