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Intermap Technologies Corp T.IMP

Alternate Symbol(s):  ITMSF

Intermap Technologies Corporation is a geospatial intelligence company, which creates a variety of geospatial solutions and analytics for its customers. The Company operates through digital mapping and related services segment. The Company's geospatial solutions and analytics can be used in a range of applications including, location-based information, geospatial risk assessment, geographic information systems, engineering, utilities, global positioning systems maps, oil and gas, renewable energy, hydrology, environmental planning, wireless communications, transportation, advertising, and 3D visualization. Its wholly owned subsidiaries include Intermap Technologies Inc. (a United States corporation); Intermap Insurance Solutions Inc. (a United States corporation), Intermap Technologies PTY Ltd (an Australian corporation); Intermap Technologies s.r.o. (a Czech Republic corporation); and PT ExsaMap Asia (an Indonesian corporation).


TSX:IMP - Post by User

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Post by capricorn2on Sep 13, 2007 7:48am
296 Views
Post# 13385155

Keeps getting Better.

Keeps getting Better.Intermap Technologies Awarded $2.2 M Mapping Contract 9/13/2007 DENVER, Sep 13, 2007 (Canada NewsWire via COMTEX News Network) -- Intermap Technologies Corp. today announced that it has been awarded a new $2.2 million radar mapping contract. Under the agreement, the Company will collect and deliver 3D digital elevation models (DEMs) and orthorectified radar images (ORIs) utilizing Intermap's interferometric synthetic aperture radar (IFSAR) mapping technology. Data will be collected and delivered in 2007. Included in the high-resolution datasets are digital surface models depicting the earth's surface (including cultural features such as vegetation, buildings, and roads), digital terrain models displaying the bare earth (with all cultural features digitally removed), and orthorectified radar images (grayscale images that accentuate topographic features) to be used to update existing maps and provide mapping data in regions where current map data does not exist. "We continue to see a strong demand for our contract services due to our ability to collect and deliver a high-quality product on time and on budget," commented Garth Lawrence, senior vice president of operations for Intermap Technologies. "Furthermore, our proven IFSAR data collection system continues to operate and deliver data that meets and exceeds our customer's expectations around the world." About Intermap Technologies Intermap (TSX:IMP)(AIM:IMAP) is creating uniform 3D digital models of the earth's surface and building a library of affordably priced elevation data and geometric images of unprecedented accuracy. The Company is proactively remapping entire countries and building uniform national databases, called NEXTMap(R). Demand for NEXTMap(R) data is growing as new commercial applications emerge within the GIS, engineering, automotive, personal navigation device, 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 500 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, and Prague. For more information, visit www.Intermap.com. This news release may contain certain forward-looking statements, which include certain assumptions with respect to the future business and operations of the Company. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, 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 the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, 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 included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. SOURCE: Intermap Technologies Corp. Intermap Technologies Richard Mohr, 303-708-0955 Senior Vice President & Chief Financial Officer rmohr@Intermap.com or Canada - Financial E-vestor Communications Inc. Corbet Pala, 416-657-2400 Investor Relations cpala@evestor.com or United States - Financial Genesis Select Corporation Budd Zuckerman, 303-415-0200 Investor Relations bzuckerman@genesisselect.com or United Kingdom - AIM, Nominated Advisor Canaccord Adams Limited Andrew Chubb or Clayton Bush, +44 (0) 207 050 6500 Copyright (C) 2007 CNW Group. All rights reserved.
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