Creating authoritative elevation data for
Colombia's national mapping
agency
Phase 2 is 2.7x bigger than Phase 1
Phase 3 award is the result of Intermap's
performance providing exquisite data with speed
DENVER, June 6, 2022
/CNW/ - Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) ("Intermap"
or the "Company"), a global leader in geospatial content
development and intelligence solutions, today announced it has been
awarded two more contracts with the Instituto Geofráfico Agustín
Codazzi (IGAC) to provide digital terrain models (DTMs) to support
the Colombian government's management of natural resources. Total
contracts awarded under the Task Orders announced today, which will
be completed within the next 30 days, exceed $660,000.
Working in partnership with Grupo GeoSpatial S.A.S.
("GeoSpatial"), Intermap is proud to
support Colombia's national mapping program and to
announce the award of our second and third contracts for
high-resolution NEXTMap® digital terrain models. The project
area covers 38 high-priority municipalities as well as the area of
the Paramillo and Puinawai national natural parks. The second phase
contract award is 2.7x larger than the Phase 1 contract. The third
phase contract was awarded at the same time as a result of
Intermap's performance providing exquisite data with speed.
IGAC will use the new high-resolution DTM to support the
national government's management of natural resources, especially
water and forestry. The contract area is composed of
environmentally protected and environmentally strategic areas
containing mountainous rainforest, which is challenging terrain to
map accurately due to the difficulty of measuring the ground
beneath trees and on steep slopes. In addition to elevation data,
hydrology vectors will be delivered in the local geodetic reference
frame and all data will meet the rigorous technical specifications
issued in IGAC's Technical Resolutions.
Prior to these three phases of Colombia's National Mapping Initiative, it was
challenging to collect and process digital terrain data over
Colombia's diverse terrain.
Elevation data was often collected from project to project, leaving
gaps in coverage. Data was also collected with different sensors
depending on the needs of projects, producing differences in
precision, quality and data specifications. Intermap's elevation
data collection and processing expertise provides the IGAC with
high-resolution DTMs that are consistent in precision, quality and
data specification across all municipalities and areas of
interest.
"Intermap's NEXTMap DTM data provides unique value
to Colombia's national spatial data infrastructure,
enabling the characterization of terrain, enhanced hydrological
modeling and risk management," said William Aymard,
GeoSpatial's Vice President.
"The multipurpose cadastre program is an opportunity to solve
numerous problems related to land management, and a critical
planning and information tool to promote the organization,
productive use and the proper governance of the nation's
territory," said Patrick A. Blott, Intermap's Chairman and
CEO. "We are proud to be a part of the solution and look forward to
future opportunities in Colombia and around the
world."
To learn more about Intermap's government solutions and
contracts, visit
www.intermap.com/government-regulated-industries.
Intermap Reader Advisory
Certain information provided in this news release constitutes
forward-looking statements. The words "anticipate", "expect",
"project", "estimate", "forecast", "will be", "will consider",
"intends" 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.
Intermap's forward-looking statements are subject to risks and
uncertainties pertaining to, among other things, cash available to
fund operations, availability of capital, revenue fluctuations,
nature of government contracts, economic conditions, loss of key
customers, retention and availability of executive talent,
competing technologies, common share price volatility, loss of
proprietary information, software functionality, internet and
system infrastructure functionality, information technology
security, breakdown of strategic alliances, and international and
political considerations, as well as those risks and uncertainties
discussed Intermap's 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.
About Intermap
Technologies
Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP) (OTCQX:
ITMSF) is a global leader in geospatial intelligence solutions. The
Company's proprietary 3D NEXTMap® elevation datasets and
value-added geospatial collection, processing, analytics, fusion
and orthorectification software and solutions are utilized across a
range of industries that rely on accurate, high-resolution
elevation data. Intermap helps governments build authoritative
geospatial datasets and provides solutions for base mapping,
transportation, environmental monitoring, topographic mapping,
disaster mitigation, smart city integration, public safety and
defense. The Company's commercial applications include aviation and
UAV flight planning, flood and wildfire insurance, environmental
and renewable energy planning, telecommunications, engineering,
critical infrastructure monitoring, hydrology, land management, oil
and gas and transportation. For more information, please visit
www.intermap.com.
View original
content:https://www.prnewswire.com/news-releases/intermap-wins-two-more-contracts-for-national-mapping-initiative-in-colombia-301561611.html
SOURCE Intermap Technologies Corporation
