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Intermap Technologies Corp (2)
Symbol IMP
Shares Issued 33,423,710
Close 2022-06-02 C$ 0.49
Market Cap C$ 16,377,618
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Intermap receives two mapping contracts in Colombia

2022-06-06 09:55 ET - News Release

Mr. Patrick Blott reports

INTERMAP WINS TWO MORE CONTRACTS FOR NATIONAL MAPPING INITIATIVE IN COLOMBIA

Intermap Technologies Corp. has been awarded two more contracts with the Instituto Geofrafico Agustin Codazzi (IGAC) to provide digital terrain models (DTMs) to support the Colombian government's management of natural resources. Total contracts awarded under the task orders announced today, which will be completed within the next 30 days, exceed $660,000.

Working in partnership with Grupo GeoSpatial SAS, Intermap is proud to support Colombia's national mapping program and to announce the award of its second and third contracts for high-resolution NEXTMap digital terrain models. The project area covers 38 high-priority municipalities as well as the area of the Paramillo and Puinawai national natural parks. The second phase contract award is 2.7 times larger than the phase 1 contract. The third phase contract was awarded at the same time as a result of Intermap's performance providing exquisite data with speed.

IGAC will use the new high-resolution DTM to support the national government's management of natural resources, especially water and forestry. The contract area is composed of environmentally protected and environmentally strategic areas containing mountainous rainforest, which is challenging terrain to map accurately due to the difficulty of measuring the ground beneath trees and on steep slopes. In addition to elevation data, hydrology vectors will be delivered in the local geodetic reference frame and all data will meet the rigorous technical specifications issued in IGAC's technical resolutions.

Prior to these three phases of Colombia's national mapping initiative, it was challenging to collect and process digital terrain data over Colombia's diverse terrain. Elevation data were often collected from project to project, leaving gaps in coverage. Data were also collected with different sensors depending on the needs of projects, producing differences in precision, quality and data specifications. Intermap's elevation data collection and processing expertise provide the IGAC with high-resolution DTMs that are consistent in precision, quality and data specification across all municipalities and areas of interest.

"Intermap's NEXTMap DTM data provides unique value to Colombia's national spatial data infrastructure, enabling the characterization of terrain, enhanced hydrological modelling and risk management," said William Aymard, GeoSpatial's vice-president.

"The multipurpose cadastre program is an opportunity to solve numerous problems related to land management, and a critical planning and information tool to promote the organization, productive use and the proper governance of the nation's territory," said Patrick A. Blott, Intermap's chairman and chief executive officer. "We are proud to be a part of the solution and look forward to future opportunities in Colombia and around the world."

About Intermap Technologies Corp.

Founded in 1997 and headquartered in Denver, Colo., Intermap is a global leader in geospatial intelligence solutions. The company's proprietary 3-D NEXTMap elevation data sets and value-added geospatial collection, processing, analytics, fusion and orthorectification software and solutions are utilized across a range of industries that rely on accurate, high-resolution elevation data. Intermap helps governments build authoritative geospatial data sets and provides solutions for base mapping, transportation, environmental monitoring, topographic mapping, disaster mitigation, smart city integration, public safety and defence. The company's commercial applications include aviation and UAV (unmanned aerial vehicle) flight planning, flood and wildfire insurance, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas, and transportation.

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