11:24:22 EDT Sat 04 May 2024
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Intermap Technologies Corp (2)
Symbol IMP
Shares Issued 41,695,755
Close 2024-04-05 C$ 0.78
Market Cap C$ 32,522,689
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Intermap signs project deals for Greece, Malawi

2024-04-08 11:47 ET - News Release

Mr. Patrick Blott reports

INTERMAP DRIVES INFRASTRUCTURE ADVANCEMENTS IN GREECE AND MALAWI

Intermap Technologies Corp. will undertake two infrastructure projects in Greece and Malawi, providing applications that leverage recent advancements in artificial intelligence/machine learning.

Intermap has received a contract award alongside its partner, ALVO, to provide 3-D precision elevation data to the Hellenic Republic Ministry of Rural Development and Food in Greece. Intermap's high-resolution Nextmap 3-D digital surface models (DSMs) and geospatial services are integrated with ALVO's innovative products to provide the government with high-quality data and tools to address its agriculture needs. This strategic partnership combines both companies' products and expertise into one solution, empowering the Greek Ministry of Agriculture to perform critical agriculture studies, offering valuable insights and enabling data-driven decisions for optimal crop management and resource allocation.

"Intermap's Nextmap DSM is an excellent solution for our purpose," said Dimitris Messinezis, founder and chief executive officer of ALVO in Greece. "Agriculture technologies continually evolve, and we focus on concrete co-operations with worldwide corporations that follow the developments in the same pace and manner. Intermap is a great partner for this national level agriculture project and all future projects since we admire their professionalism and dedication."

"We are excited to be a part of this important government project for the Greek Ministry of Agriculture," said Patrick A. Blott, Intermap chairman and CEO. "Our expertise in 3-D precision geospatial data makes us a valuable partner for ALVO in delivering advanced solutions for the agriculture industry in Greece. By extending our commercial services business model to government applications, we are empowering governments to leverage our AI/ML-driven application layers for enhanced value extraction that is tailored to specific geospatial infrastructure investments. We are committed to providing innovative solutions to our partners and distributors to enable clients to make informed decisions about geospatial problems."

In Africa, Intermap won a contract to supply its latest 3-D digital terrain models (DTMs) to the government of Malawi for watershed services improvement and disaster management projects. The company is supplying DTM data for the entire Shire River basin, a critical area in Malawi for hydropower, agriculture, fisheries, transport, tourism and urban and rural water supplies. By leveraging AI/ML-driven data production technology, Intermap empowers Malawi's unique hydrometeorological techniques and river basin management practices. Intermap's 3-D DTMs offer unparalleled insights into the current topography of the region, facilitating informed decision making and proactive measures to mitigate risks associated with natural disasters.

"Intermap remains committed to supporting global initiatives aimed at disaster risk reduction and sustainable development," said Mr. Blott. "Through the provision of cutting-edge geospatial intelligence solutions, we continue to empower nations like Malawi to build resilient infrastructure to support communities and thrive in the face of environmental changes."

Malawi faces significant challenges posed by various natural hazards, including floods, droughts, earthquakes and landslides. These hazards often lead to infrastructure damage, impacting the country's economy and the livelihoods of its people. Recognizing the urgency of addressing these challenges, the Malawi Department of Water Resources is actively engaged in using the latest technology to implement innovative solutions, enhance disaster management and bolster watershed sustainability.

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