Tuesday, November 18, 2008 DENVER: Intermap Technologies today announced a $1 million contract with the National Mapping Agency of France, Institut Geographique National (IGN). The Company will supply IGN with digital terrain models (DTM) for the French Alps to begin the upgrade of the national geospatial database for France.
Intermap recently finished collecting 3D digital elevation models for all of France, along with 17 other Western European countries, as part of their multi-country NEXTMap® Europe mapping program. Under the terms of the contract, delivery of the geodata will take place in early December 2008. The new dataset enables IGN to take advantage of the first uniformly accurate set of digital map data for the entire country of France.
"IGN has recently decided to set up an ambitious plan to improve DTM quality over France in the next five years. Our policy relies on reusing existing data, provided the data meets quality requirements based upon users' needs. Therefore, a European call for tenders was issued in order to acquire DTM data over the French Alps. Intermap’s off-the-shelf data was selected based on the high-quality 5-meter posting that perfectly fit IGN's requirements for these mountainous areas,” stated Gilles Martinoty, IGN's partnership manager.
Supporting all or portions of seven departments in southeast France, the data will be used for public administration activities including aviation flight safety, civil defense, environmental applications, emergency preparedness and response, transportation route planning and noise reduction, and a host of other geospatial applications.
“We are pleased that IGN is the first organization in France to take advantage of our high-resolution map data,” stated Adam Denman, Intermap’s European vice president of strategic business development. “IGN conducted a rigorous validation of our methodology for creating DTMs in mountainous areas and they are very pleased with the outcome and quality of our NEXTMap Europe data.”
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 is proactively remapping 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, GPS maps, 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 800 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.
For more information, please contact:
Intermap Technologies
Richard Mohr, Senior Vice President & Chief Financial Officer rmohr@intermap.com (303) 708-0955
Canada – Financial
Corbet Pala, Investor Relations E-vestor Communications Inc. cpala@evestor.com (416) 657-2400
United States – Financial
Budd Zuckerman, Investor Relations Genesis Select Corporation bzuckerman@genesisselect.com (303) 415-0200
United Kingdom – AIM, Nominated Advisor
Canaccord Adams Limited
Andrew Chubb
+44 (0) 207 050 6500
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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