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Intermap Technologies Corp (2)
Symbol IMP
Shares Issued 49,881,957
Close 2024-11-18 C$ 1.46
Market Cap C$ 72,827,657
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Intermap receives subcontract from Endurance

2024-11-19 16:14 ET - News Release

Mr. Patrick Blott reports

INTERMAP AWARDED INITIAL U.S. DEPARTMENT OF DEFENSE SUBCONTRACT FOR IRREGULAR WARFARE TECHNICAL SUPPORT DIRECTORATE

Intermap Technologies Corp. has received a subcontract award from Endurance Group, a North Carolina defence contracting company and the prime contractor to provide the Pentagon's Irregular Warfare Technical Support Directorate with an augmented reality platform for subterranean use by military and law enforcement agencies. This contract was awarded by IWTSD under the calendar year 2024 defence budget, with Intermap's initial work commencing during third quarter 2024.

IWTSD identifies, develops and fields capabilities for the U.S. Department of Defence to conduct irregular warfare against all adversaries including great power competitors and non-state actors, and delivers those capabilities to DOD components and interagency partners supporting U.S. military operations. This subcontract, part of the larger Endurance Group prime contract to support special mission units, is a testament to Intermap's reputation for delivering high-quality geospatial services to the joint force, interagency and host nation partners, and its record of meeting and exceeding client expectations for urgent and complex requirements. Under this contract, Intermap will deliver comprehensive 3-D mapping and rendering services to support the development of the augmented reality system for subterranean use.

"We are honoured to contribute our unique expertise for this significant contract by the IWTSD as a valued subcontractor for Endurance Group," said Patrick A. Blott, Intermap chairman and chief executive officer. "This award leverages advanced commercial capabilities for decision advantage in support of Tier 1 war fighters."

Technology and communications security

Certain proprietary data, technical information, and software and scientific approaches provided by Intermap represent critical technology as defined by the U.S. Department of Defence and released by Intermap on the condition it will not be released to another nation and will be used for military purposes only with specific authority from the DOD and in compliance with Intermap's end-user licence agreements. Technology may be restricted for DOD use only as controlled unclassified information whose export is restricted by the Arms Export Control Act (Title 22), Export Administration Act (Title 50), DODI 5520 Safeguarding Controlled Unclassified Information and International Traffic in Arms Regulation (ITAR), under which unauthorized disclosure is subject to sever criminal penalties. Intermap adopts communications security procedures.

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 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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