Intermap Announces US$2.6m in New Contracts for 3D Digital Map Data.DENVER -- Intermap Technologies, Inc., (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :IMP) today announced new contracts for its digital topographic mapping data totaling more than US$2.6 million. Intermap, in conjunction with Aero-Metric, Inc., reported that the two companies have received a follow-on contract to map additional areas in the state of Alaska. Following from the previous successes with the Department of the Interior, the Intermap/Aero-Metric team has once again been selected to collect and process data for the National Petroleum Reserve Alaska (NPRA NPRA National Petrochemical and Refiners Association NPRA National Professional Rodeo Association NPRA National Petroleum Refiners Association NPRA National Petroleum Reserve in Alaska NPRA National Performance Results Act NPRA Nurse Practicing Act and Nursing Peer Review Act of 1999 ). This is the fifth contract from the Department of the Interior received over the past four years with Intermap's portion of this new contract valued at approximately US$907,000. "The unpredictable weather in the area makes Intermap's STAR technology an optimal solution for this mapping project," explained Michael Bullock, Intermap's vice president of sales and marketing. "We have the ability to not only map an area and produce high-resolution elevation models, but our technology is also uniquely suited to mapping areas like the northern slope of Alaska because we have the ability to acquire data through clouds and in adverse weather conditions. As with our past NPRA programs, this data will support the mapping and resource management activities of the USGS USGS United States Geological Survey (US Department of the Interior) and the Bureau of Land Management." In addition, Intermap reported that it received a follow-on contract to support the continued processing of elevation data from the NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. Shuttle Radar Topographic Mapping (SRTM SRTM Shuttle Radar Topography Mission SRTM Security Requirements Traceability Matrix SRTM Software Requirements Traceability Matrix SRTM System Requirements Traceability Matrix SRTM Security Requirements Tractability Matrix SRTM Static Root of Trust for Measurement ) mission. The contract value to Intermap is approximately US$1.1M with the period of performance extending through December 2005. Intermap is utilizing its expertise in accurate digital mapping software and processing techniques to fill voids in the SRTM data with alternate sources of elevation information. In February 2000, NASA's Space Shuttle flew the SRTM mission, collecting digital elevation data of the majority of the planet. It is the first, near worldwide, radar coverage that provides for the creation of three-dimensional digital elevation model A digital map of the elevation of an area on the earth. The data are either collected by a private party or purchased from an organization such as the U.S. Geological Survey (USGS) that has already undertaken the exploration of the area. (DEM See digital elevation model. ) maps. In addition, Intermap recentley sold a NEXTMap license valued at approximatley US$635,000 for digital map data from its NEXTMap database. The sale is anticipated to be complete prior to the end of the second quarter of 2005. "Intermap's NEXTMap business model is demonstrating it value to the marketplace," said Brian Bullock, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of Intermap. "Maping a region once then reselling the data numerous times to multiple customers allows our technology and derived products to be extremely price competitive, while providing very accurate off-the-shelf data options for various customers and applications." About Aero-Metric AERO-METRIC is one of the nation's leading aerial photography, surveying and geo-spatial services firms. In addition to its Sheboygan corporate headquarters, clients are served through a network of regional division offices in Anchorage, Alaska; Chilton, Wisconsin; Minneapolis, Minnesota; Fort Collins, Colorado The City of Fort Collins, a home rule municipality situated on the Cache la Poudre River along the Colorado Front Range, is the county seat and most populous city in Larimer County, Colorado. ; Dulles, Virginia; and Seattle, Washington. The firm employs approximately 300 nationwide. About Intermap Intermap is digitally remapping entire countries, building unprecedented national databases, called NEXTMap, of highly accurate digital topographic maps (including elevation). Customers purchase Intermap's high-quality, low-cost data to facilitate better decision-making for numerous commercial, governmental, military and consumer applications. Demand for NEXTMap data is growing as new commercial applications are emerging, including geographical information systems (GIS), engineering planning, transportation, automotive, navigation, flood, irrigation irrigation, in agriculture, artificial watering of the land. Although used chiefly in regions with annual rainfall of less than 20 in. (51 cm), it is also used in wetter areas to grow certain crops, e.g., rice. , environmental management and planning, telecommunications network planning, aviation, simulation and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. The products are also used to add interactive intelligence to airborne and satellite images. Headquartered in Denver, Colorado, Intermap employs more than 280 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. Intermap is publicly traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol IMP. Intermap Technologies Corporation (TSX:IMP) |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion