Intermap Announces $1.1 Million NEXTMap® Enterprise Contract

DENVER — (BUSINESS WIRE) — October 3, 2011 — 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, today announced that it has received a $1.1 million contract for digital mapping services and licensing of Intermap’s NEXTMap database for selected areas in the U.S.

The data will be used by the customer in support of energy transmission corridor planning across a multi-state area. Delivery of the NEXTMap data and the associated digital mapping services will begin in October 2011 with expected completion by mid-year 2012.

“Corridor planning for energy transmission and pipelines represents a profitable new enterprise solution using our NEXTMap database and aggregated third party sensor data,” said Todd Oseth, Intermap president and CEO. “We’re pleased to be working with this US-based customer as we continue to grow Intermap’s presence in the global energy industry.”

About Intermap

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, individual or enterprise wide license. Intermap’s cloud-based hosted model offers customers the most convenient and affordable method to satisfy a customer’s needs with both a 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.

 

 



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