- Expansion of Previously Announced International 3D Business Intelligence Solutions Contract -
DENVER, Dec. 20, 2012 /CNW/ - Intermap (IMP.TO), (ITMSF:BB), a leading
provider of location-based information (LBI) solutions, today announced
the Company was awarded an additional $513,000 contract associated with
a $2.3 million international 3D Business Intelligence solutions
contract announced on November 27, 2012. The total value of the
combined contracts is $2.8 million and the Company anticipates
substantially all of the deliverables under the two contracts will
occur by the end of December 2012. Additional contract funding for this
project may occur at future dates.
This contract is an increase in the quantity of data purchased from the
Company's NEXTMap data library and is part of the initial phase of a
program where Intermap will design, build and deliver 3DBI solutions
for an Asia-based client. The solution helps to enable a national
spatial information database delivered via the Intermap cloud or on an
appliance in the client's data center. Future phases are expected to be
used for the creation of custom data layers, the fusion of specialized
data sets and the creation of a RiskPro™ web-based application.
About Intermap
Intermap is an industry leader in location-based services and solutions.
Through its powerful suite of 3DBI applications and proprietary
development of contiguous databases that fuse volumes of GIS data into
a single source, Intermap is able to provide location-based solutions
for customers in diverse markets around the world that solve today's
complex geospatial challenges.
Intermap Reader Advisory
Certain information provided in this news release constitutes
forward-looking statements. The words "anticipate", "expect",
"project", "estimate", "forecast" 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. You
can find a discussion of such risks and uncertainties in our 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.
SOURCE: Intermap Technologies Corporation
Intermap Technologies
Rich Mohr, Senior Vice President & Chief Financial Officer
rmohr@intermap.com
+1 (303) 708-0955
Canada - Financial
Cory Pala, Investor Relations
e.vestor Communications Inc.
cpala@evestor.com
+1 (416) 657-2400
United States - Financial
Budd Zuckerman, Investor Relations
Genesis Select Corporation
bzuckerman@genesisselect.com
+1 (303) 415-0200