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."
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.
Intermap Technologies Rich Mohr, Senior Vice President & Chief Financial
Officer email@example.com +1 (303) 708-0955
Canada - Financial Cory Pala, Investor Relations e.vestor Communications
Inc. firstname.lastname@example.org +1 (416) 657-2400
United States - Financial Budd Zuckerman, Investor Relations Genesis Select
Corporation email@example.com +1 (303) 415-0200
SOURCE: Intermap Technologies Corporation
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