Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the
“Company”), a global leader in 3D geospatial products and
intelligence solutions, today announced that, in partnership with
CACI, Inc. – Federal (“CACI”), its team has been selected by the
National Geospatial-Intelligence Agency (“NGA”) as one of 10
qualified vendors for the Luno A program.
Luno A, a new NGA initiative, focuses on
providing continually updated, low-latency foundation data to
support critical national security indicators. This program
represents a significant advancement from the previous Economic
Indicator Monitoring (EIM) effort, which began in 2021. Luno A aims
to enhance U.S. National Security Community (NSC) insights by
leveraging commercial satellite data to monitor a range of factors,
including economic activities, military capabilities and
environmental conditions. With recent advancements in computer
vision and AI-driven geospatial intelligence, Luno A will integrate
these technologies to provide real-time, actionable intelligence
directly into NSC’s analytic workflows.
The Luno A contract, valued at up to $290
million over five years, marks a substantial increase from the
initial EIM budget of $29 million and the previously planned $60
million ceiling. This growth underscores the expanding role of
unclassified computer vision capabilities within U.S. government
operations.
Further to the previous announcement on June 16,
2021, Team CACI’s next-generation platform will combine Intermap’s
patented IRIS™ processing suite with CACI’s Feature Trace software.
This integration will leverage advanced geospatial AI/ML models to
deliver precise, near-real-time feature datasets, reflecting
dynamic changes in land usage and infrastructure. This technology
can be used standalone to generate insights for analysts as well as
powering DEM and map sheet updates through change detection of
manmade and natural features.
This award builds on Intermap’s strategic
partnerships with U.S. government agencies and their key suppliers,
including NGA, the Pentagon, U.S. Air Force, U.S. Geological
Survey, National Oceanic and Atmospheric Administration Affairs and
NASA.
“We are pleased to partner with CACI on the Luno
A program and contribute to advancing real-life, 3D computer vision
capabilities for the NSC,” said Patrick A. Blott, Chairman and CEO
of Intermap. “Our proprietary processing suite, combined with
CACI’s technologies, will add context to analytic assessments and
power unparalleled insight for national security.”
Intermap Reader AdvisoryCertain
information provided in this news release, including reference to
revenue growth, constitutes forward-looking statements. The words
"anticipate", "expect", "project", "estimate", "forecast", “will
be”, “will consider”, “intends” 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.
About Intermap
TechnologiesFounded in 1997 and headquartered in Denver,
Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a global leader in
geospatial intelligence solutions, focusing on the creation and
analysis of 3D terrain data to produce high-resolution thematic
models. Through scientific analysis of geospatial information and
patented sensors and processing technology, the Company provisions
diverse, complementary, multi-source datasets to enable customers
to seamlessly integrate geospatial intelligence into their
workflows. Intermap’s 3D elevation data and software analytic
capabilities enable global geospatial analysis through artificial
intelligence and machine learning, providing customers with
critical information to understand their terrain environment. By
leveraging its proprietary archive of the world’s largest
collection of multi-sensor global elevation data, the Company’s
collection and processing capabilities provide multi-source 3D
datasets and analytics at mission speed, enabling governments and
companies to build and integrate geospatial foundation data with
actionable insights. Applications for Intermap’s products and
solutions include defense, aviation and UAV flight planning, flood
and wildfire insurance, disaster mitigation, base mapping,
environmental and renewable energy planning, telecommunications,
engineering, critical infrastructure monitoring, hydrology, land
management, oil and gas and transportation.
For more information, please
visit www.intermap.com or
contact:Jennifer BakkenExecutive Vice President and
CFOCFO@intermap.com +1 (303) 708-0955
Sean PeasgoodInvestor RelationsSean@SophicCapital.com+1 (647)
260-9266
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