Calgary-based Intermap Increasing U.S. Profile
CALGARY, Dec. 3 /PRNewswire-FirstCall/ - Calgary-based Intermap Technologies Corporation, (TSX:IMP) reported an increased focus on U.S. investor activities to support its NEXTMap-USA project, which includes the creation of a national U.S. terrain elevation and imagery database accurate to one meter or better. The Company anticipates a significant increase in the amount of U.S.-based business as a result of NEXTMap-USA. "The U.S. investment community appears to be very receptive to what is happening in the GIS (geographic information systems) space," stated Brian Bullock, President and CEO. "With NEXTMap USA underway, we feel that a more focused U.S. investor strategy is warranted to raise awareness and communicate with institutional investors." Intermap has retained Genesis Select Corporation to initiate a comprehensive institutional investor relations program. Based in Boulder, Colorado, Genesis Select will work closely with Intermap management to communicate the Company's investment story to U.S.-based portfolio managers, buy-side and sell-side analysts and the U.S. investment community at large. Intermap is digitally remapping entire countries, building unprecedented national databases, called NEXTMap, of highly accurate digital topographic maps (including elevation). Customers purchase Intermap's high-quality, low-cost data to facilitate better decision-making for numerous commercial, governmental, military, and consumer applications. Demand for NEXTMap data is growing as new commercial applications are emerging, including geographical information systems (GIS), engineering planning, transportation, automotive, navigation, flood, irrigation, environmental management and planning, telecommunications network planning, aviation, simulation, and 3D visualization. Internet applications include virtual tours, topographic maps, and computer games. The products are also used to add interactive intelligence to airborne and satellite images. Headquartered in Denver, Colorado, Intermap employs more than 250 people worldwide, with offices in Calgary, Ottawa, Munich, and Jakarta. Intermap is publicly traded on the TSX under the symbol IMP.
SOURCE Intermap Technologies Corporation
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