17:31:59 EDT Sat 27 Apr 2024
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Intermap Technologies Corp (2)
Symbol IMP
Shares Issued 37,693,710
Close 2023-04-05 C$ 0.62
Market Cap C$ 23,370,100
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Intermap wins contract with Vietnamese telecom

2023-04-06 17:17 ET - News Release

Mr. Patrick Blott reports

INTERMAP WINS CONTRACT WITH MAJOR TELECOM PROVIDER IN VIETNAM

Intermap Technologies Corp. has won a contract with a major telecommunications provider in Vietnam to provide a suite of data products and services to support the geospatial infrastructure for network expansion.

By utilizing advanced geospatial data collection methods, Intermap will generate highly accurate and detailed 3-D models of terrain, buildings and other structures in over 70 cities and towns throughout Vietnam. These models enable visualization of obstacles to provide a comprehensive understanding of the environment and factors affecting signal propagation and interference. Using Intermap's precision data, telecom operators design customized solutions to upgrade their networks. This includes optimizing cell tower placements, adjusting antenna heights and orientations, and identifying potential coverage gaps and interference areas. The result is a more efficient and robust network that delivers faster data speeds, improved call quality and enhanced user experience.

"Upgrading telecommunications networks has traditionally been a complex and resource-intensive process," said Patrick A. Blott, Intermap chairman and chief executive officer. "With our innovative use of 3-D geospatial data, created by using patented processes and artificial intelligence, we streamline the network upgrade process, resulting in improved performance and better service. As the global telecom industry continues to evolve and move towards 5G and beyond, the use of 3-D geospatial data provides a solid foundation for future network improvements, optimization and monitoring."

About Intermap Technologies Corp.

Founded in 1997 and headquartered in Denver, Colo., Intermap is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3-D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the company provisions diverse, complementary, multisource data sets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap's 3-D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world's largest collection of multisensor global elevation data, the company's collection and processing capabilities provide multisource 3-D data sets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap's products and solutions include defence, aviation and UAV (unmanned aerial vehicle) flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, and oil and gas and transportation.

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