“The commercial availability of the entire NEXTMap Europe program is a major milestone for both Intermap and the geospatial community at large,” said Brian Bullock, the Company’s president and chief executive officer. “The vision we initiated four years ago to remap all of Western Europe is now a reality. I’m fully convinced that this achievement will enable the development of products and applications in countless fields, ranging from environmental management and 3D visualization, to carbon emission reduction and insurance risk management, to name a few.”
Intermap’s NEXTMap® Europe database includes digital surface models that include cultural features such as vegetation, buildings, and roads; digital terrain models with all cultural features digitally removed; and orthorectified radar images that accentuate topographic features – all with a vertical accuracy of 1 meter or better. The Company has also created value-added products such as contours, 3D road centerline geometries, and other high-resolution geospatial products as part of the program.
“To put the full scope of our accomplishment in perspective,” continued Bullock, “consider the fact that we flew more than 630,000 line kilometers (391,463 miles) to complete NEXTMap Europe, or the equivalent of nearly 16 times around the equator. Even more impressive is the fact that our field crews drove more than 258,500 kilometers (160,624 miles) installing ground control points – roughly the same as driving roundtrip between Amsterdam and Rome – 78 times.”
According to Richard Mohr, Intermap’s senior vice president and CFO, “Never before, in the history of mapping, has a private enterprise self-funded the successful collection, processing, and creation of a highly accurate database of uniform countrywide maps of Western Europe. When you consider uncontrollable factors such as weather patterns, fuel prices, and flight regulations that vary country by country, the fact that we completed the program on schedule and within budget is astonishing.”
The Company is now focusing its efforts on processing the data that has been fully collected for the contiguous United States and Hawaii as part of its NEXTMap® USA nationwide mapping program – scheduled to be completely available in the first quarter of 2010. Data is currently available for both programs 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 built 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, renewable energy, 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 or www.TerrainOnDemand.com.
NEXTMap® is a registered trademark of Intermap Technologies Corporation.
Intermap Reader Advisory
This news release contains 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.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
