Intermap Technologies Corporation
TSX : IMP

Intermap Technologies Corporation

October 04, 2005 08:00 ET

Intermap Announces US$3.7 Million Mapping Contract

DENVER, COLORADO--(CCNMatthews - Oct. 4, 2005) - Intermap Technologies Corp. (TSX:IMP) announced today that its subsidiary Intermap Federal Services Inc. has been awarded a new data acquisition contract in the amount of US$3.7 million. The contract is for delivery of Intermap's high-resolution digital elevation data and radar imagery. Intermap has two aircraft deployed onsite and data collection for the project is already underway. The majority of the revenues from this contract will be recognized in the third and fourth quarters of 2005.

"We are pleased to have been awarded this contract as it confirms our customer's commitment to both our technology and our relationship," commented Brian Bullock, president and chief executive officer of Intermap. "Based upon our ability to provide a high-value product as well as our inherent cost savings, we believe that Intermap will continue to be an ongoing supplier to this long-term customer."

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, 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 250 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. Intermap is publicly traded on the TSX Toronto Stock Exchange under the symbol IMP. For more information, visit www.intermap.com.

Contact Information

  • Intermap Technologies Corp.
    Monica Moore
    Director of Marketing
    (303) 708-0955
    Email: mmoore@intermap.com
    or
    Investor inquiries - CANADA
    E-vestor Communications Inc.
    Corbet Pala
    Investor Relations
    (416) 657-2400
    Email: cpala@evestor.com
    or
    Investor inquiries - UNITED STATES
    Genesis Select Corporation
    Budd Zuckerman
    Investor Relations
    (303) 415-0200
    Email: bzuckerman@genesisselect.com