- Intermap Technologies (TSX:IMP), a 3D geospatial technology stock, has been awarded a subcontract with the US Department of Defense
- The company will contribute to the development of an augmented reality platform for subterranean use by military and law enforcement agencies
- Intermap is a global leader in geospatial intelligence solutions, including the creation and analysis of 3D terrain data to produce high-resolution thematic models
- Intermap stock has added 236.96 per cent year-over-year and 474.07 per cent since 2019
Intermap Technologies (TSX:IMP), a 3D geospatial technology stock, has been awarded a subcontract with the US Department of Defense.
The company will support prime contractor Endurance Group, a NC Defense Contracting company, to provide the Pentagon’s Irregular Warfare Technical Support Directorate (IWTSD) with an augmented reality platform for subterranean use by military and law enforcement agencies.
The contract – awarded by IWTSD under the 2024 Defense Budget – saw Intermap begin initial 3D mapping and rendering work in Q3 to support the augmented reality system, adding to its established history of delivering geospatial services to joint force, inter-agency and host nation partners.
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“We are honored to contribute our unique expertise for this significant contract by the IWTSD as a valued subcontractor for Endurance Group,” Patrick A. Blott, Intermap’s chairman and chief executive officer, said in a statement. “This award leverages advanced commercial capabilities for decision advantage in support of tier-one warfighters.”
About Intermap Technologies
Intermap is a global leader in geospatial intelligence solutions, including the creation and analysis of 3D terrain data to produce high-resolution thematic models.
Intermap stock (TSX:IMP) is up by 6.16 per cent trading at C$1.55 per share as of 9:32 am ET. The stock has added 236.96 per cent year-over-year and 474.07 per cent since 2019.
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(Top image of Intermap geospatial mapping technology at work: Intermap Technologies)