Contract Calls for Delivery of High-Resolution Elevation Data for Critical Water Management Application
DENVER — (BUSINESS WIRE) — October 21, 2009 — Intermap Technologies, a global 3D mapping company, today announced that it has been selected to supply high-resolution digital elevation models, orthorectified radar images, and technical consulting services under a new contract. The USD $1.8 million mapping contract requires delivery of the data and services during the fourth quarter, 2009.
The purchase will allow the customer to evaluate how well the data supports a comprehensive 3D basin model that shows water accumulation, flow, catchment, and use potential. This 3D model is a key to the success for a large river restoration program. The area is experiencing its lowest in-flows on record, which, combined with a 7-year drought, has contributed to a severe water shortage throughout the region.
“The data for this important project is based on our NEXTMap product specifications that set new geospatial standards for hydrologic applications,” stated Garth Lawrence, senior vice president of strategic business at Intermap Technologies. “We’re proud to be playing a pivotal role in assisting our customer’s attempt to address a water resource critical issue that could have far-reaching implications for the quality of life in the region.”
About Intermap Technologies
Intermap (TSX: IMP.TO) is a preeminent digital mapping company creating uniform high-resolution 3D digital models of the earth’s surface. The Company is proactively remapping entire countries and building uniform national databases, called NEXTMap®, consisting of affordably priced elevation data and geometric images of unprecedented accuracy. Demand for NEXTMap data is growing as new commercial applications emerge within the GIS, engineering, automotive, GPS maps, insurance risk assessment, oil and gas, hydrology, environmental planning, wireless communications, transportation, aviation, and 3D visualization markets.
Headquartered in Denver, Colorado, Intermap employs more than 875 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, Prague, and Washington, D.C. For more information, visit www.Intermap.com, www.mobile.AccuTerra.com or www.AccuTerra.com.
NEXTMap® and AccuTerra® are registered trademarks of Intermap Technologies Corporation. Other companies and products mentioned herein may be trademarks or registered trademarks of their respective trademark owners.
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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