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October 21st, 2010
Intermap Receives $3.5 Million from Sale of Aircraft

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Intermap Technologies today announced the sale of one of its three aircraft, a King Air 200T, which was no longer required following completion of the Company’s NEXTMap Europe and NEXTMap USA mapping programs. Intermap sold the aircraft for $3.5 million, which will be received in three installments during the fourth quarter of 2010. The King Air is a ‘special missions’ aircraft, provisioned to accept a digital camera or a radar system. The purchaser intends to acquire additional equipment, software, and on-going support from Intermap once regulatory approvals are obtained. www.intermap.com