Long-term customer increases annual
NEXTWave™ subscription by 33%
Intermap's accurate, reliable analytics
support next-generation network planning
DENVER, Sept. 14,
2022 /CNW/ - Intermap Technologies (TSX: IMP)
(OTCQX: ITMSF) ("Intermap" or the "Company"), a global leader in 3D
geospatial data and intelligence solutions, today announced a
leading mobile phone, internet services and IPTV provider, renewed
its subscription for NEXTWave™ telecom analytics with a 33% annual
rate increase.
Intermap's telecom client has increased its RF link profile
usage by 191% since its first subscription in 2019. With this
two-year subscription renewal, the client will use the NEXTWave
platform to integrate on-demand RF link profiles analytics into its
workflow. This renewal reflects the increase in demand for NEXTWave
telecom analytics and its value in the network planning
process.
"Intermap's NEXTWave telecom analytics support next-generation
network planning, leveraging proprietary data and analytics in
real-time anywhere in the world," said Patrick A. Blott, Intermap's Chairman and CEO.
"The global communications network continues to grow with the
deployment of 5G networks, driving the demand for accurate planning
tools. Intermap is uniquely positioned to meet this demand with
powerful, flexible, reliable and accurate elevation analytics that
are provided as a service on a global basis."
There is growing demand for 5G networks around the world.
Telecommunications companies require accurate data and
line-of-sight analytics to implement infrastructure to support
these networks. Radio frequency (RF) link profiles offer this
analysis based on signal propagation algorithms, which enable
service providers to evaluate tower placement and signal reach to
customers. The RF link profiles assist the client with management,
expansion and deployment of telecom services country wide.
The client has been using Intermap's NEXTWave telecom analytics
since 2019 and a user of the Company's earlier generation telecom
application. Intermap has developed new custom features to meet the
requirements of its customers. This includes expanded import/export
functions, mass point analysis, informative charts, built-in
coordinate converter and the ability to change profile parameters
on the fly. Intermap's NEXTWave telecom analytics continue to
evolve to meet the needs of service providers.
Learn more about Intermap's telecom solution at
intermap.com/telecom.
Intermap Reader Advisory
Certain information provided in this news release 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
Technologies
Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQX:
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.
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SOURCE Intermap Technologies Corporation
