DENVER, Sept. 8, 2016 /CNW/ - Intermap (TSX: IMP),
(ITMSF:BB), a leading provider of location-based solutions,
today announced that the Company has received a US$1.6 million expansion to a US$2.6 million airborne radar mapping services
solution contract previously announced on May 13, 2016.
Intermap is using its proprietary Interferometric Synthetic
Aperture Radar (IFSAR) technology to collect orthorectified radar
imagery and high resolution elevation data to enhance the
customer's existing geospatial map database. This new dataset will
be used for improved disaster planning, resource management,
security interests, and infrastructure planning. The final
deliveries of the dataset are expected to be substantially complete
by the end of the first quarter 2017.
"Because of its unique capabilities, Intermap's IFSAR radar
mapping technology is considered to be the best and most reliable
approach for the customer's requirements," said Todd Oseth, president and CEO of Intermap. "This
expansion contract is a great endorsement for the quality of
product that Intermap's unique solutions approach is able to
deliver."
About Intermap
Headquartered in Denver,
Colorado - Intermap (www.intermap.com) is an industry leader
in geospatial solutions on demand with its secure, cloud based
Orion Platform™. Through its powerful suite of 3DBI applications
and proprietary development of contiguous databases that fuse
volumes of geospatial data into a single source, the Orion Platform
is able to provide location-based solutions for customers in
diverse markets around the world. 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.
SOURCE Intermap Technologies Corporation