16:28:58 EDT Sat 27 Apr 2024
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Intermap Technologies Corp (2)
Symbol IMP
Shares Issued 37,693,710
Close 2023-07-21 C$ 0.65
Market Cap C$ 24,500,912
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Intermap, Cape form property intelligence partnership

2023-07-24 16:07 ET - News Release

Mr. Patrick Blott reports

INTERMAP PARTNERS WITH CAPE ANALYTICS FOR PROPERTY INTELLIGENCE ANALYTICS

Intermap Technologies Corp. has formed a partnership with Cape Analytics, a leader in artificial intelligence-powered geospatial property intelligence.

Intermap's digital surface models (DSMs) are integrated into Cape's property intelligence software, enabling specific property and parcel attributes for property analysis. Cape is leveraging the company's precision data to power property attributes that require an understanding of terrain and surface elevation, such as parcel slope and the visible view from a property. This new partnership adds valuable data to Cape's existing data partnerships and Foundry platform, which uses machine learning to fuse and analyze diverse data sets and deliver the most accurate property insights available.

"A multisource approach to geospatial analytics has been key for Cape in delivering value to our clients," said Ian Boneysteele, vice-president of partnerships, strategy and corporate development at Cape Analytics. "We are excited to integrate Intermap's highly accurate nationwide digital surface maps to further enhance our offerings."

"We are proud to partner with Cape to enable AI-powered geospatial property analytics and be integral to producing unique property insights," said Patrick A. Blott, Intermap chairman and chief executive officer. "Our elevation data provides accurate, location-specific details to increase the level of confidence for accurate property valuation and help investors make smarter decisions."

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, oil and gas, and transportation.

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