Intermap (TSX: IMP), (OTCBB: ITMSF), 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 completed the final contracting requirements relating to the US $14.5 million Letter of Award previously announced on January 15, 2013. Under the terms of the contract, Intermap will provide defined geospatial solutions to an international customer, including elevation and imagery related information for identified areas in Southeast Asia. Intermap will use its proprietary airborne radar technology to collect and process the 3D digital models of the selected areas. The project is scheduled to commence immediately and is expected to be complete prior to year-end 2013.
The geospatial solutions provided will become the foundation data layer for an updated national spatial data infrastructure. This new dataset will be used for improved disaster planning, resource management, national security interests, infrastructure planning, and the provisioning of new 3D geospatial information applications, such as Intermap’s RiskPro™ and WaterPro™ products.
“Intermap’s new Solutions On Demand™ and its unique analytics approach won this contract for the Company,” said Todd Oseth, president and CEO of Intermap. “We began the process by first understanding the customer’s strategic requirements. We were then able to showcase Intermap’s capabilities and combine the customer’s strategic requirements to create a unified solutions plan. We believe this approach will help to develop an ongoing, long- term relationship with this customer.”
About Intermap
Intermap is an industry leader in location-based services and geospatial Solutions On Demand™. 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.
