DENVER—(BUSINESS WIRE)—March 23, 2009— Intermap Technologies today announced it has completed the data collection of its NEXTMap® USA 3D mapping program. History’s first company-funded initiative to map 3.1 million square miles (more than 8 million km2) of the entire contiguous U.S. and Hawaii was completed March 16, 2009.
NEXTMap USA will ultimately generate an elevation for the nation dataset at unprecedented accuracy and detail that includes 3D digital terrain models, digital surface models, contours, 3D road centerline geometries, and other high-resolution geospatial products as part of the Company’s proactive mapping program.
“Not only is Intermap the first private enterprise ever to attempt the uniformly accurate mapping of the entire U.S., from coast to coast and from the Canadian border to Mexico, on its own dime,” said the Company’s president and CEO, Brian Bullock, “it is the only one to do so successfully.”
“The investment and operational expertise necessary to create the NEXTMap database was substantial,” said Richard Mohr, senior vice president and CFO for Intermap. “Our investors showed a tremendous amount of faith in our ability to execute on our plan. Additionally, the completion of NEXTMap allows the Company to leverage this asset to drive exponential growth across multiple markets worldwide.”
Numerous GIS and geospatial markets have already benefited from map data previously processed and edited as part of the NEXTMap USA program. Statewide and partial wide area datasets are currently enabling commercial and government agencies in the fields of environmental management, carbon emission reduction and fuel efficiency improvement, engineering planning, renewable energy, and more.
“I am especially proud,” continued Bullock, “to have been part of a team that turned a collective deaf ear to those who said it couldn’t be done. I can scarcely believe the mammoth effort that each and every Intermap employee willingly put forth to make NEXTMap USA a reality. For example, our planes flew a total of 2,530 sorties. This equates to 10,324 hours of actual program airtime, or a total of 4.96 working years aloft. Even more impressive is the fact that our various project teams spent a combined 24,643 days in the field – that’s an amazing 67.5 working years.”
Intermap will continue its ongoing processing and editing of NEXTMap USA to produce geospatial datasets that will be 100% commercially available in early 2010. More than 48% of the NEXTMap USA data is currently available for immediate purchase. The data collection of the Company’s NEXTMap Europe program was completed in May 2008 and all of the data, as yet unprocessed, will be on the shelf and available for purchase by the end of next month. NEXTMap data is currently available through the Company’s direct sales team, online via www.TerrainOnDemand.com, or through Intermap’s worldwide partner network.
About Intermap Technologies
Intermap (TSX: IMP.TO)(AIM: IMAP.L) is a preeminent digital mapping company creating uniform high-resolution 3D digital models of the earth’s surface. The Company has proactively remapped entire countries and building uniform national databases, called NEXTMap®, consisting of affordably priced elevation data and geometric images of unprecedented accuracy. Demand for NEXTMap data is growing as new commercial applications emerge within the GIS, engineering, automotive, consumer electronics, insurance risk assessment, oil and gas, renewable energy, hydrology, environmental planning, wireless communications, transportation, aviation, and 3D visualization markets.
Headquartered in Denver, Colorado, Intermap employs more than 850 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, Paris, Prague, and Washington D.C. For more information, visit www.Intermap.com.
NEXTMap® is a registered trademark of Intermap Technologies Corporation
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.
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Richard Mohr, 303-708-0955
Senior Vice President & Chief Financial Officer