All contract deliverables are in the Company's NEXTMap(R) data library and will be delivered this month. Included in the high-resolution datasets are digital surface models depicting the earth's surface (including cultural features such as vegetation, buildings, and roads), digital terrain models displaying the bare earth (with all cultural features digitally removed), and orthorectified radar images (grayscale images that accentuate topographic features). The 1-meter vertically accurate and 5-meter posted digital elevation models (DEMs) will enable a variety of solutions within the agency, including, but not limited to, geographic planning and disaster preparedness during hurricane season.
"NGA was one of three U.S. Government Agencies to make a commitment to purchase the entire NEXTMap USA database," commented Brian Bullock, president and CEO of Intermap Technologies. "This contract is the fourth purchase under an agreement that features substantial volume price discounts in return for the advance purchase commitment. Thus, the U.S. Government enjoys the benefit of a commercial initiative to re-map the entire U.S. at unprecedented accuracy and uniformity. To date, we have delivered $6.1 million worth of multi-client data licenses through our agreement with NGA."
As part of the Company's nationwide effort, 47% of the geography across the U.S. has already been collected under the NEXTMap USA program. Collection will be completed in 2008 with final data processing for the entire country completed in 2009. The 7.9 million square kilometer NEXTMap USA dataset will include 320 billion elevation postings, over 5 trillion image pixels, and will become the largest nation mapped at this level of detail and accuracy.
About Intermap Technologies
Intermap (TSX: IMP.TO) (AIM: IMAP.L) is creating uniform 3D digital models of the earth's surface and building a library of affordably priced elevation data and geometric images of unprecedented accuracy. The Company is proactively remapping entire countries and building uniform national databases, called NEXTMap(R). Demand for NEXTMap(R) data is growing as new commercial applications emerge within the GIS, engineering, automotive, personal navigation device, insurance risk assessment, oil and gas, hydrology, environmental planning, wireless communications, transportation, aviation, and 3D visualization markets.
Headquartered in Denver, Colorado, Intermap employs more than 500 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, and Prague. For more information, visit www.Intermap.com.
This news release may contain certain forward-looking statements, which include certain assumptions with respect to the future business and operations of the Company. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, 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 the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, 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 included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
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