Intermap Technologies Provides Progress Update on Previously Announced US$125M Letter of Award

Foreign Operations

A significant portion of Intermap's revenue is expected to come from customers outside of the United States and is therefore subject to additional risks, including foreign currency exchange rate fluctuations, agreements that may be difficult to enforce, receivables difficult to collect through a foreign country's legal system, and the imposition of foreign-country-imposed withholding taxes or other foreign taxes. Intermap relies on contract prepayments or letters of credit to secure payment from certain of its customers when deemed necessary. The Company has in the past secured export credit insurance on certain of its international receivables, which greatly reduces the commercial and political risks of operating outside of North America.

Political Instability

Intermap understands that not every region enjoys the political stability that is taken for granted in North America. Developments in recent years in the Middle East, Asia, and other parts of the world illustrate this clearly. Political or significant instability in a region where Intermap is conducting data collection activities and any of its other services, or where Intermap has clients, could adversely impact Intermap's business.

SOURCE Intermap Technologies Corporation

Contact:
Intermap Technologies Corporation
Intermap Technologies, Rich Mohr, Senior Vice President & Chief Financial Officer
Email Contact +1 (303) 708-0955; Canada - Financial, Cory Pala, Investor Relations
Email Contact +1 (416) 657-2400



« Previous Page 1 | 2             



Review Article Be the first to review this article
HP

Harris

Featured Video
Jobs
Imagery Analyst for ARA at Albuquerque, NM -1229, NM
Data Scientist for University of Utah at Salt Lake City, UT
Database Specialist for MDA Information Systems LLC at Gaithersburg, MD
Sr. GIS Technical Analyst for Southern California Edison SCE Transmission and Distribution Organization at Rosemead, CA
Inside Sales for SolidCAM at Newtown, PA
Director of Mechanical Engineering for Velodyne LIDAR at Morgan Hill, CA
Upcoming Events
10th Coastal Altimetry Workshop at Florence Italy - Feb 21 - 24, 2017
2017 GIS/CAMA Technologies Conference at Chattanooga Convention Center Chattanooga Tennessee - Mar 6 - 9, 2017
IGTF 2017 ASPRS Annual Meeting 2017 at Marriot Waterfront Baltimore Baltimore MD - Mar 11 - 17, 2017
MAPPS Federal Programs Conference at Sheraton Hall Silver Spring Maryland - Mar 13 - 15, 2017
Teledyne Optech
Teledyne:
xponential2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy