Intermap Announces Subscription Renewal with Autonomous Aviation Customer
03 April 2023 - 9:30PM
Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the
“Company”), a global leader in 3D geospatial products and
intelligence solutions, today announced one of its autonomous
aircraft clients has renewed its NEXTView® subscription as their
early-stage operations expand.
Intermap and Lufthansa Systems co-developed Lido SurfaceData
NEXTView (NEXTView) and certified it with the European Union
Aviation Safety Agency (EASA) for use in commercial avionics.
NEXTView provides highly accurate elevation data to support
autonomous aircraft landing and UAV operations as well as Terrain
Avoidance and Warning Systems (TAWS) and Synthetic Vision Systems
(SVS) in traditional aircraft. As the autonomous aircraft industry
develops and grows, it will rely heavily on global data
availability and accuracy to make unmanned flights safer and more
efficient as goods and people are moved around the world.
NEXTView is uniquely positioned as the first of its kind and
only certified elevation dataset on the market. It is the only
global elevation dataset certified for aviation, with a Type-1
certification from the EASA, the European equivalent of the Federal
Aviation Administration (FAA) in the United States. NEXTView is
critical in the rapidly growing unmanned aircraft market and has
been integrated with multiple Unmanned Aircraft Systems (UAS) and
Unmanned Traffic Management Systems (UTMs) since its market entry
in 2019.
“Our aviation surface data brings critical information to the
unmanned aviation industry,” said Patrick A. Blott, Intermap
Chairman and CEO. “Companies that are leading the path towards
unmanned flights need foundation data to support operations to plan
and execute flights safely and efficiently. Certified NEXTView data
provides accurate terrain and obstacle data for optimal and safe
flight routing.”
Learn more about Intermap’s aviation products and solutions at
intermap.com/aviation-surface-data.
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; 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.
For more information, please visit www.intermap.com or contact:
Jennifer Bakken
Executive Vice President and CFO
CFO@intermap.com
+1 (303) 708-0955
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