Capt_Smith77
7年前
NEWS
Intermap Technologies Reports Expanded Task Order, Hurricane Response
PR Newswire
Sep. 27, 2017, 09:00 AM
DENVER, Sept. 27, 2017 /PRNewswire/ - (TSX: IMP) (ITMSF:BB) – Intermap Technologies Corporation ("Intermap" or the "Company") announced today the Company has been awarded a further $800,000 expansion to its original 2017 U.S. Government task order for geospatial infrastructure services, providing the Company's radar foundation data including void-free first return and bald-Earth 5m elevation models (DSM, DTM) and high resolution orthorectified radar imagery (0.625m ORI). The task order was originally announced on May 25, 2017 and previously extended on September 11, 2017.
Separately, Intermap has further announced that it collected radar imagery and generated flood extents for Harris County during Hurricane Harvey, including for Houston, TX.Harris County is the third largest county in the United States, by population. Intermap flood imagery was produced within 48 hours of deployment, providing analysts with high resolution imagery unobstructed by clouds and severe weather. Intermap's imagery has been made available to the Federal agencies responsible for disaster monitoring and recovery.
"Intermap has developed a market leading flood software to support the government, our insurance clients, and the general public with effective underwriting, claims, and risk management," commented Patrick Blott, Intermap Chairman and CEO. "These hurricanes generate great suffering. Our clients mitigate the financial burdens caused by extreme rain and storm surge by using better and more accurate property-level risk assessments, which are only available through InsitePro."
A consumer-facing version of InsitePro, Intermap's proprietary flood risk assessment software, has been made available to the public on InsitePro's Houston Flood Risk website at https://harvey.intermap.com. Detailed flood extents will be available to all InsitePro clients in October.
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap (www.intermap.com) is an industry leader in geospatial intelligence solutions. These geospatial solutions are used in a wide range of applications including, but not limited to, location-based information, risk assessment, geographic information systems, engineering, utilities, global positioning systems, oil and gas, renewable energy, hydrology, environmental planning, land management, wireless communications, transportation, advertising, and 3D visualization. Intermap generates revenue from three primary business activities, comprised of i) data acquisition and collection, using proprietary, multi-frequency, radar sensor technologies, ii) value-added data products and services, which leverage the Company's proprietary NEXTMap® database and platform, together with proprietary software and fusion technologies, and iii) commercial applications and solutions, including a webstore and software sales targeting selected industry verticals that rely on accurate high resolution elevation data. The Company is a world leader in data fusion, analytics, and orthorectification, and has decades of experience aggregating data derived from a number of different sensor technologies and data sources, providing useful answers to geospatial problems. For more information please visit www.intermap.com.
Intermap Reader Advisory
Certain information provided in this news release, including the availability of detailed flood extents, constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", "will be" 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
http://markets.businessinsider.com/news/stocks/Intermap-Technologies-Reports-Expanded-Task-Order-Hurricane-Response-1002644830
Mitshu35
8年前
Another Board change, more coming:
(TSX:IMP)
Intermap Reports Board Changes
DENVER, August 25, 2016 - (TSX: IMP) – Intermap Technologies Corporation ("Intermap" or the "Company"), a provider of location-based solutions, reports that effective August 24, 2016, Cary Ludtke will resign from his director role and instead serve as a strategic business advisor to the Company. “I want to thank Cary for the contribution he is making, and will continue to make expanding our commercial relationships. The Company will announce further board changes shortly”, said Patrick Blott, Chairman of Intermap.
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap is a leading provider of geospatial solutions on demand with its secure, cloud-based Orion Platform®. Through its powerful suite of software applications and proprietary development of contiguous databases that fuse volumes of geospatial data into a single source, the Orion Platform is able to provide location-based solutions for customers in diverse markets around the world. For additional information, please visit www.intermap.com.
For more information, please contact
Rich Mohr
Senior Vice President & Chief Financial Officer
rmohr@intermap.com
+1 (303) 708-0955
Cory Pala
Investor Relations
cpala@evestor.com
+1 (416) 657-2400
Mitshu35
8年前
Denver – July 5, 2016 (TSX:IMP) Intermap Technologies Corporation (“Intermap” or the “Company”), (TSX: IMP), (ITMSF: BB), a global provider of location based solutions, today provided an update on its previously announced $175 million contract (the “Contract”) for the creation, operation and maintenance of a national spatial data infrastructure (“SDI”) program (the “Project”).
In its 2016 first quarter financial results report dated May 12, 2016, the Company disclosed the expectation that the Project would commence during the second quarter upon the closing of the Project’s finance facility (the “Financing”). Intermap has been advised by the client that the Financing process is in its final phase with a leading multilateral financial institution. In accordance with the terms of the Contract, the Company is scheduled to receive a $12 million down payment upon the closing of the Project Financing, at which time the project will officially launch. Intermap has been working with the client to satisfy operational requirements and is pleased to confirm that it has received its required ITAR permit from the US State Department to operate its proprietary IFSAR technology in the client’s jurisdiction. The International Traffic in Arms Regulations (ITAR) are a set of United States Government regulations on the export and import of defense related articles and services, under which Intermap’s interferometric synthetic aperture radar (IFSAR) technology falls internationally.
“We continue to support the client in the path to the financial close of this landmark transaction,” said Todd Oseth, Intermap’s President and CEO. “The sheer complexity, both technical and financial, of this first-of-a-kind project, has led to some innovative solutions that would serve the Company well in the pursuit of similar projects in the future. We look forward to demonstrate our resources and capabilities in the client jurisdiction and beyond.”