Intermap Technologies Awarded $6.2M Contract for Geospatial Mapping and Imagery Data
Denver, Colorado, Aug 12, 2008 (MARKET WIRE via COMTEX) -- Intermap Technologies Corp. (CA:IMP: news, chart, profile) (AIM: IMAP) announced that its Intermap Federal Services, Inc. subsidiary has received a USD $6.2 million contract to provide 3D digital elevation data and orthorectified radar imagery for an international project. The project requires the delivery of data collected using the Company's proprietary Interferometric Synthetic Aperture Radar (IFSAR) technology. Under the agreement, the Company will deliver the mapping data over the balance of this fiscal year.
"This additional data sale to an existing customer is testament to Intermap's ability to collect and deliver high quality data to our customers, providing high-value, on-time results," commented Brian Bullock, president & CEO for Intermap Technologies. "The cash generated from our contract services business helps fund our ongoing investment in the NEXTMap(R) database which continues to rapidly grow through record data collection levels in 2008."
For more information, visit www.intermap.com.