Intermap® Announces US$368,000 NEXTMap® Solution Sale
DENVER, Jul 27, 2012, 2012 (Canada NewsWire via COMTEX) -- Intermap (TSX: IMP), a leading provider of location-based information (LBI) solutions created from its uniform, high-resolution 3D digital models of the earth's surface called NEXTMap, today announced that it has received a $368,000 contract for the creation of a new elevation data set for the Malaysian Government.
The imagery and elevation data will be used for mapping and infrastructure development in Malaysia.
This new elevation data set is derived from Intermap's industry leading and proprietary data fusion process. The fused data combines the temporal immediacy of a new satellite collection with the precise accuracy of Intermap's NEXTMap Malaysia data archive. Intermap's data fusion process integrates stereo pairs of radar satellite imagery with existing NEXTMap data via the company's ISO-certified editing processes.
"Intermap's data fusion capabilities are becoming more and more valuable in the marketplace as customers embrace the power of Intermap's total solutions capabilities," said Todd Oseth, Intermap's president and CEO.
"With Intermap's data fusion process, our customers have the capability of integrating disparate data into a unified and meaningful solution that will help them derive the data-driven answers that they require.
Our complete solutions approach allows our customers to move beyond single source raw data and provide front end and back end solutions to their geospatial needs. We call this total solutions approach 3DBI, or 3D business intelligence." Due to persistent cloud cover, traditional satellite and airborne optical imagery is not available for Malaysia. Intermap has consistently provided a solution by using its IFSAR radar mapping in Malaysia which is not affected by cloud cover. As a result, Intermap's NEXTMap Malaysia program is used by all branches of the Malaysian Government. The new fused data will be provided through Intermap's Malaysian channel partner, DES Mapping Solutions SdnBhd and MK Surveys.
About Intermap (TSX:IMP.TO) Headquartered in Denver, Colorado, Intermap (www.intermap.com) is a leading provider of Location-Based Information (LBI), setting the industry standard for creating high-resolution 3D digital models of the earth's surface. The Company has remapped entire countries, to build NEXTMap(®) national databases consisting of affordably priced elevation data and geometric images of unparalleled accuracy. Turnkey solutions can be purchased from the Company's NEXTMap Online Store, a hosted web services platform offering a variety of subscription levels by geography, data-layer, and individual or enterprise wide licenses.
Intermap's cloud-based hosted model offers customers the most convenient and affordable method to satisfy a customer's needs with both Platform as a Service (PaaS) and Software as a Service (SaaS) options. For more information about Intermap's web services please visit http://www.intermap.com/en-us/purchase.aspx.
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.
SOURCE: Intermap Technologies Corporation To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2012/27/c2984.html SOURCE: Intermap Technologies Corporation Canada - Financial e.vestor Communications Inc. Cory Pala, Investor Relations 416-657-2400 [email protected] or United States - Financial Genesis Select Corporation Budd Zuckerman, Investor Relations 303-415-0200 [email protected]