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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

Bullboard Posts
Post by boss_wazon Feb 23, 2016 12:36pm
128 Views
Post# 24585882

[Just a reminder]

[Just a reminder]Other orders have closed as detailed in this press release:

DENVER, December 7, 2015 - Intermap (TSX: IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced that the Company has received three new orders totaling approximately $2.4 million for archived NEXTMap® data and professional services work.

“Follow-on orders from repeat customers is a strong endorsement of the long-term value of Intermap’s unique solutions approach. We expect to recognize the majority of this additional revenue during the current quarter.”

Not blockbuster SDI grade...but I would imagine we will see more such follow-on orders over and above the $175m in the first SDI....

From the DRC press release:

"...In addition to the Contract, the Company expects to be retained to perform consulting services relating to the customization of dedicated applications for the sovereign client, the requirements for which, by the very nature of the product, will develop over the course of the Project, and be separately priced....."

In addition to the monthly milestone payments from the first SDI, these follow-on orders could add significance to the quarterly revenue stream....

Bullboard Posts