Intermap Web Services offers a suite of hosted tools that gives even those unfamiliar with geographic information systems (GIS) the ability to quickly and easily perform terrain analysis based on an area of interest such as a county or entire state. Subscribers to Intermap’s Web Services can access the Company’s 3D terrain information using their current Web browsers, through desktop software like ArcGIS, Global Mapper or SocetGXP, or via an application that leverages the Intermap Web Services software developers kit (SDK).
“We’ve now made buying 3D terrain data as easy as buying a book on Amazon,” said Mr. Oseth. “Our customers can access their terrain information instantly from anywhere, and this new cloud-based approach dramatically reduces the customer’s cost of storing, maintaining or disseminating their mapping data. Via the cloud, customers can analyze their data without ever taking physical delivery of it. The new NEXTMap Web Store puts the customer in control, while delivering them simplicity and dramatic cost savings.”
For more information about Intermap’s web services please visit http://www.intermap.com/en-us/purchase.aspx
In addition, Intermap recently made the NEXTMap dataset available to Esri® Premium World Elevation Service (WES) subscribers, selected as the first partner for new Esri WES. NEXTMap is a core component of WES, an aggregation of 3D terrain information available on a global basis. NEXTMap will allow users to perform view shed, line of sight, slope analysis and other common GIS analysis functions. Intermap’s NEXTMap dataset will also be available to users of Esri’s ArcGIS® software.
“Our focus for the future is in the creation of 3D business intelligence,” said Mr. Oseth. “Our customers are asking for solutions and information that solves their geospatial problems. As a result, we are creating additional layers of information in our NEXTMap database that is specific to individual vertical applications. This allows us to truly deliver location based information to the end user, instead of just data.”
The Company believes it has reasonable near-term visibility to meaningful sales opportunities during the remainder of 2011 for telecommunications applications in North America, additional mapping services contracts internationally, and risk management applications in Europe as well as opportunities in several other market segments. Intermap will support these opportunities through new product development, improved marketing programs, and expanded pricing plans. New product offerings will provide a growing catalog of data layer options, including the integration of third-party data. Additionally, Management has refocused the Company’s marketing and sales disciplines and believes that the value of the Company’s data lies in application solutions for specific vertical markets, and not solely in the data as a standalone product. Please visit our new web site at www.intermap.com for additional information about the Company.
As of June 30, 2011, there were 78,461,454 common shares outstanding.
Important factors, including those discussed in the Company's regulatory filings ( www.sedar.com) could cause actual results to differ from the company's expectations and those differences may be material. Detailed financial results and management’s discussion and analysis can be found on SEDAR at: www.sedar.com.
Conference Call Today
A conference call to review the results will take place the same day at 4:30 pm ET (2:30 pm MT). To participate in the call, please dial +1-416-695-7848 or 1-800-952-6845 approximately 10 minutes prior to the conference call. A recording of the conference call will be available through August 22, 2011. Please dial +1-905-694-9451 or 1-800-408-3053 and provide the password 3276541 to listen to the rebroadcast.
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap ( www.intermap.com) is a leading provider of Location-Based Information, setting the industry standard for creating high-resolution 3D digital models of the earth’s surface. The Company has remapped entire countries, to build NEXTMap® national databases consisting of affordably priced elevation data and geometric images of unparalleled accuracy. Turnkey solutions can be purchased from the Company’s NEXTMap Online Store, a hosted web services platform offering a variety of subscription levels by geography, data-layer, individual or enterprise wide license. Intermap’s cloud-based hosted model offers customers the most convenient and affordable method to satisfy a customer’s needs with both a Platform as a service (PaaS) and Software as a service (SaaS) options. For more information about Intermap’s web services please visit http://www.intermap.com/en-us/purchase.aspx. A live audio webcast and replay of an August 11, 2011 Company presentation at the Canaccord Genuity Growth Conference can be accessed at http://wsw.com/webcast/canaccord4/imp.to/.
Adjusted EBITDA is not a recognized performance measure under GAAP and
does not have a standardized meaning prescribed by IFRS. The term EBITDA
consists of net income (loss) and excludes interest, taxes,
depreciation, and amortization. Adjusted EBITDA also excludes
restructuring costs, stock-based compensation, and gain or loss on
foreign currency translation. Adjusted EBITDA is included as a
supplemental disclosure because management believes that such
measurement provides a better assessment of the Company’s operations on
a continuing basis by eliminating certain non-cash charges and charges
that are nonrecurring. The most directly comparable measure to adjusted
EBITDA calculated in accordance with IFRS is net income (loss).