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Last $0.35 USD
Change Today -0.0136 / -3.78%
Volume 85.5K
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

intermap technologies corp (ITMSF) Snapshot

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52 Week High
07/6/15 - $0.50
52 Week Low
02/26/15 - $0.03
Market Cap
Average Volume 10 Days
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intermap technologies corp (ITMSF) Details

Intermap Technologies Corporation provides location-based information solutions. It offers NEXTMap, a database that provides digital elevation data and images to enable accurate geospatial analyses; and NEXTMap World-30, a digital surface model for elevation data. It also offers a suite of 3D business intelligence Web-based geospatial and non-geospatial applications, including AdPro, GeoPro, InsitePro, HCAPro, and The 360 Report. In addition, the company provides Orion Platform, a platform as a service that enables governments and commercial enterprises to manage the spatial data infrastructure from one unified control point; and radar based digital map products, such as digital surface model, digital terrain model, and orthorectified radar image. Further, it offers data fusion service that models systematic errors to produce higher resolution elevation data, such as that of light detection and ranging technologies; geospatial services; and training services. The company’s geospatial solutions are used in a range of applications, including wireless communications, transportation, outdoor advertising, 3D visualization, file management, GIS, engineering, military, aviation, terrain simulation, utilities, global positioning systems maps, base mapping, insurance hazard risk modeling and analysis, oil and gas, renewable energy, environmental planning, natural resource management, water management, forestry, and agriculture. Intermap Technologies Corporation was founded in 1996 and is headquartered in Englewood, Colorado.

172 Employees
Last Reported Date: 05/15/15
Founded in 1996

intermap technologies corp (ITMSF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $366.8K
Chief Financial officer and Senior Vice Presi...
Total Annual Compensation: $262.0K
Compensation as of Fiscal Year 2014.

intermap technologies corp (ITMSF) Key Developments

Intermap Technologies Corporation Completes Non-Brokered $3.0 Million Debt Financing with Vertex One Asset Management

Intermap Technologies Corporation announced that it has completed a non-brokered $3.0 million debt financing with Vertex One Asset Management. The promissory note granted under the Debt Financing will mature six months from the date of issuance. Simple interest is payable at maturity at an annual rate of 15.0%. The Debt Financing is subject to a prepayment right by the Company at 115% of the principal amount at any time, subject to a 30 day notice period. With this financing, the Company holds $14.3 million of debt issued by Vertex with maturities ranging from January 2016 through April 2016. The Company intends to use the net proceeds of the Debt Financing as a bridge to cash flows from the expected closure of pending Spatial Data Infrasructure (SDI) contracts. The proceeds will be used in the preparation phase of these SDI activities and for general corporate purposes.

Intermap Technologies Corporation Announces Letter of Award for Orion Platform Implementation Program Valued at Greater Than $125 Million

Intermap Technologies Corporation announced that a consortium led by the company was issued with a governmental letter of award for the creation, operation and maintenance of a national spatial data infrastructure (SDI) program. The scope of work for the initial 2-year SDI implementation phase is valued at greater than $125 million, with product delivery expected to commence during the third quarter of 2015. The Company will also provide an operation and maintenance module valued at greater than $50 million for an additional 18-year period. The 20-year SDI program is administered within a public-private-partnership (PPP) framework under a build-operate-transfer (BOT) model, with the Company serving as the prime contractor, on a turnkey basis.

Intermap Technologies Introduces NEXTMap World 10

Intermap Technologies announced the release of NEXTMap World 10 Digital Elevation Model (DEM). NEXTMap World 10 is the only global digital elevation model available that incorporates the consistency of radar with the resolution of optical. It leverages the best of each technology and builds on the success of Intermap's World 30 offering. NEXTMap World 10 combines the best of ASTER and SRTM data for a higher resolution, more accurate product by leveraging its patent-pending data fusion technologies. This fusion has led to higher spatial content of the final DEM. World 10 also contains superior coastal behavior and improved accuracies due to enhanced ICESat processing of land and water boundaries. Intermap will continue to integrate the best available data, including the newly released SRTM30, throughout the lifespan of the product. Intermap also provides services to integrate customer supplied elevation data as well as creation of Digital Terrain Models (DTM) anywhere in the world for advanced terrain analysis.


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