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Intermap Announces $2.3 Million Contract
DENVER, Nov. 27, 2012, 2012 (Canada NewsWire via COMTEX) --
- Initial Phase of an International 3D Business Intelligence Solutions
Contract -
Intermap (IMP.TO), (ITMSF:BB), a leading
provider of location-based information (LBI) solutions, today announced
that the Company was awarded a US $2.3 million 3D Business Intelligence
(3DBI) solutions contract.
This contract is the initial phase of a program where Intermap will
design, build and deliver 3DBI solutions for an Asia based client. The
solution will enable a national spatial information database designed
to be delivered via the cloud or on an appliance in the client's data
center. This initial phase includes the sale of NEXTMap data to be used
for area of interest analysis and feature extraction. The follow-on
phase(s) is expected to be used for the creation of custom data layers,
the fusion of specialized data sets and the creation of a RiskProTM
web-based application.
"The days of just pushing pixels are over. Our customers need more! This
win is an example of Intermap executing on its solutions approach to
solving our customer's problems," said Todd Oseth president and CEO of
Intermap. "By thinking this way and by selling this way, we are
building deeper and more valuable relationships with our customers and
partners."
About Intermap
Intermap is an industry leader in location-based services and solutions.
Through its powerful suite of 3DBI applications and proprietary
development of contiguous databases that fuse volumes of GIS data into
a single source, Intermap is able to provide location-based solutions
for customers in diverse markets around the world that solve today's
complex geospatial challenges.
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.
SOURCE: Intermap Technologies Corporation
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2012/27/c3713.html
SOURCE: Intermap Technologies Corporation
Intermap Technologies Rich Mohr, Senior Vice President & Chief Financial Officer
rmohr@intermap.com +1 (303) 708-0955 Canada - Financial Cory Pala, Investor
Relations e.vestor Communications Inc. cpala@evestor.com +1 (416) 657-2400 United
States - Financial Budd Zuckerman, Investor Relations Genesis Select Corporation
bzuckerman@genesisselect.com +1 (303) 415-0200
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