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Intermap Technologies Corp T.IMP

Alternate Symbol(s):  ITMSF

Intermap Technologies Corporation provides geospatial intelligence solutions, focused on the creation and analysis of three-dimensional (3D) terrain data to produce high-resolution thematic models. The Company provisions diverse, complementary, multi-source datasets to enable customers to integrate geospatial intelligence into their workflows. Its 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. Its primary business activities include data acquisition and collection; value-added data products and services, which leverage its NEXTMap database, together with software and fusion technologies, and commercial applications and solutions, including a webstore and software sales. The Company serves defense, aviation and UAV flight planning, flood and wildfire insurance, disaster mitigation, base mapping, and others.


TSX:IMP - Post by User

Bullboard Posts
Post by nexuss24on Sep 27, 2017 9:08am
146 Views
Post# 26746899

News

NewsIntermap Technologies Reports Expanded Task Order, Hurricane Response DENVER, Sept. 27, 2017 /CNW/ - (TSX: IMP) (ITMSF:BB) Intermap Technologies Corporation ("Intermap" or the "Company") announced today the Company has been awarded a further $800,000 expansion to its original 2017 U.S. Government task order for geospatial infrastructure services, providing the Company's radar foundation data including void-free first return and bald-Earth 5m elevation models (DSM, DTM) and high resolution orthorectified radar imagery (0.625m ORI). The task order was originally announced on May 25, 2017 and previously extended on September 11, 2017. Separately, Intermap has further announced that it collected radar imagery and generated flood extents for Harris County during Hurricane Harvey, including for Houston, TX. Harris County is the third largest county in the United States, by population. Intermap flood imagery was produced within 48 hours of deployment, providing analysts with high resolution imagery unobstructed by clouds and severe weather. Intermap's imagery has been made available to the Federal agencies responsible for disaster monitoring and recovery. "Intermap has developed a market leading flood software to support the government, our insurance clients, and the general public with effective underwriting, claims, and risk management," commented Patrick Blott, Intermap Chairman and CEO. "These hurricanes generate great suffering. Our clients mitigate the financial burdens caused by extreme rain and storm surge by using better and more accurate property-level risk assessments, which are only available through InsitePro." A consumer-facing version of InsitePro, Intermap's proprietary flood risk assessment software, has been made available to the public on InsitePro's Houston Flood Risk website at https://harvey.intermap.com. Detailed flood extents will be available to all InsitePro clients in October.
Bullboard Posts