DENVER, Jan. 15, 2013 /CNW/ - Intermap (IMP.TO), (ITMSF:BB), a leading
provider of geospatial solutions on-demand created from its uniform,
high-resolution 3D digital models of the earth's surface, today
announced that the Company has been issued a letter of award for a US
$14.5 million contract to provide defined geospatial solutions to an
international customer.
Under the terms of the award, Intermap was selected to provide elevation
and imagery related information for identified areas in Southeast Asia.
Intermap will use its proprietary airborne laser technology to collect
and process the 3D digital models of the selected area. The final
contract for the award, including specific terms and amounts, is
expected to be complete within the next two weeks. The project is
scheduled to commence by the end of January 2013 and is expected to be
completed prior to year-end 2013.
"The geospatial solutions provided will become the foundation data layer
for an updated national spatial data infrastructure," said Todd Oseth,
president and CEO of Intermap. "This new dataset will be used for
better natural disaster planning, natural resource management, national
security interests, infrastructure planning, and 3D information
applications."
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