Intermap Wins Contract with Major Telecom Provider in Vietnam
07 April 2023 - 7:00AM
Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the
“Company”), a global leader in 3D geospatial products and
intelligence solutions, today announced a contract with a major
telecommunications provider in Vietnam to provide a suite of data
products and services to support the geospatial infrastructure for
network expansion.
By utilizing advanced geospatial data collection methods,
Intermap will generate highly accurate and detailed 3D models of
terrain, buildings and other structures in over 70 cities and towns
throughout Vietnam. These models enable visualization of obstacles
to provide a comprehensive understanding of the environment and
factors affecting signal propagation and interference. Using
Intermap’s precision data, telecom operators design customized
solutions to upgrade their networks. This includes optimizing cell
tower placements, adjusting antenna heights and orientations and
identifying potential coverage gaps and interference areas. The
result is a more efficient and robust network that delivers faster
data speeds, improved call quality and enhanced user
experience.
“Upgrading telecommunications networks has traditionally been a
complex and resource-intensive process,” said Patrick A. Blott,
Intermap Chairman and CEO. “With our innovative use of 3D
geospatial data, created by using patented processes and artificial
intelligence, we streamline the network upgrade process, resulting
in improved performance and better service. As the global telecom
industry continues to evolve and move towards 5G and beyond, the
use of 3D geospatial data provides a solid foundation for future
network improvements, optimization and monitoring.”
Learn more about Intermap’s telecom solutions at
intermap.com/telecom.
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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