DENVER - (TSX: IMP) (ITMSF:BB) – Intermap Technologies Corporation ("Intermap" or the "Company") announced today that it has been awarded two additional task orders totaling $2.5 million as expansion to its previously announced U.S. Government task orders for the creation of digital elevation and bare earth terrain models. The original task order for $1.8 million was announced on February 6, 2018 and previously extended to $3.7 million on February 22, 2018. Today's expansion brings the total 2018 contracted value to $6.2 million.
Separately, Intermap announced today that it was selected by National Geospatial-Intelligence Agency's (NGA) as a member of the CACI International Inc team (Team CACI) to develop, validate and integrate geospatial intelligence data, under a $920 million ceiling, multi-award, Janus Geography contract. The prime contract was awarded to CACI International as one of 10 prime contractors for indefinite delivery/indefinite quantity through 2028. The 10-year program will support the creation, validation, enrichment and integration of foundation geospatial intelligence data.
In addition, at the special request of the Thai government, Intermap provided our newest and highest quality global one meter digital elevation model, NEXTMap One, to the team leading the search effort for the thirteen members of the youth soccer team that went missing in a cave in Northern Thailand on June 23, 2018. The NEXTMap One DEM was used in connection with known cave patterns to assist in determining the best-available access points and drainage for drilling locations. A high-resolution terrain model was delivered for use in visualizing and navigating during rescue mission operations within hours of the government's initial request on June 27, 2018. Three dimensional models based on NEXTMap One were prepared by Intermap, MappointAsia Thailand Public Co. Ltd. along with Chiang Mai University and disseminated to Department of National Parks, Wildlife and Plant Conservation officials, and used to help locate the missing children and plan for their eventual extraction from the cave.
"We'd like to congratulate the international rescue operation, the Thai Navy SEALs and the emergency responders in Thailand on their success in locating the boys and bringing them to safety. We are saddened by the loss of former Thai Navy SEAL, Saman Kunont. Intermap was pleased to assist Thai officials and searchers to gain a better understanding of where the missing boys might be and safely extract them from the cave. It is a great example of how geospatial data and building awareness of its capabilities can bring about tremendous results." commented Patrick Blott, Chairman & CEO of Intermap.
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap (www.intermap.com) is an industry leader in geospatial intelligence solutions. These geospatial solutions can be 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 maps, oil and gas, renewable energy, hydrology, environmental planning, land management, wireless communications, transportation, advertising, and 3D visualization. Intermap has three core sources of revenue: multi-sensor data acquisition and collection, enriched data products, and commercial applications, software and solutions. The Company is a world leader in data fusion, analytics, and orthorectification, and has decades of experience aggregating, enriching, and managing 3-D data derived from a number of different sensor technologies and data sources. For more information please visit www.intermap.com.
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.