The Company will support federal, state, and municipal government entities across the U.S. with geospatial data under the new GPSC4 contract
Master Services Agreement with Dewberry builds on more than a decade of successful partnership supporting USGS
DENVER, Oct. 27, 2021 /PRNewswire/ - Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) ("Intermap" or the "Company"), a global leader in geospatial content development and intelligence solutions, today announced the signing of a new Master Services Agreement with Dewberry under its recently awarded U.S. Geological Survey (USGS) Geospatial Products and Services (GPSC4) prime contract. Intermap has been a subcontractor on the USGS GPSC contracts since 2010, collecting, processing, and delivering LiDAR and IFSAR elevation data in support of the USGS 3D Elevation Program (3DEP).
3DEP is managed by the USGS National Geospatial Program to respond to growing needs for high-quality topographic data and for a wide range of other 3D representations of natural and constructed features across the country. 3DEP informs critical decisions that are made every day that depend on elevation data, ranging from immediate safety of life, property, and environment to long-term infrastructure planning.
The 3DEP initiative is based on the results of the National Enhanced Elevation Assessment (NEEA), which was funded by the National Digital Elevation Program (NDEP) agencies and completed in 2011. The study, led by the USGS, identified more than 600 requirements for enhanced 3D elevation data to address mission-critical information requirements of 34 federal agencies, all 50 states, and a sample of private sector companies and tribal and local governments. Source
The USGS GPSC contracts comprise a suite of agreements used by federal, state, and municipal government entities to partner with the USGS to fulfill their geospatial data requirements. This new contract includes elevation data collection and processing, hyperspectral and multispectral remote sensing, airborne geophysical surveys, and the production of elevation-derived hydrography for updating the National Hydrography Database (NHD). The NHD is part of the USGS 3D Hydrography Program (3DHP) and will provide high-resolution data representing water flowlines and estimating stream flow volume and velocity. Intermap brings new advanced machine learning and AI-enabled automation to the vector modeling and analysis requirements for the program. The Company's data collection and processing capabilities provide high-quality elevation products to produce a digital twin of an area's terrain, enabling a wide range of market use cases. The GPSC4 has a total contract value of $850 million and will run through February 2027 if all annual options are exercised.
The GPSC contracts are used to facilitate interagency cooperation to address a broad range of geospatial needs. When the State of Alaska required updated statewide elevation data, Dewberry subcontracted with Intermap to provide USGS and partner agencies with an IFSAR solution to meet stringent accuracy requirements across the vast, remote, and often cloud-covered area. Over the course of 10 years, Intermap was tasked by Dewberry via the USGS GPSC with collecting and delivering seamless 5-meter digital elevation models and cloud-free 62.5cm orthorectified radar imagery for over 1,150,000 square kilometers, representing 78% of Alaskan territory. Intermap's deliverables consistently exceeded all contract specifications, on time and under budget, bringing Alaska's outdated state maps up to national mapping standards. These data are now being used to improve the economy, quality of life and safety of all Alaskans, while satisfying needs for flood modeling, flight safety, environmental monitoring and climate change analysis and adaptation in America's last frontier.
Between 2010 and 2020, under the USGS GPSC2 and GPSC3 contracts, Intermap was awarded with 26 Task Orders for LiDAR and IFSAR data collection and processing with the total value of all task orders exceeding $42 million.
"Intermap is proud of our longstanding partnership with Dewberry and the USGS and pleased to continue providing the best airborne IFSAR data in the world," said Patrick A. Blott, Intermap's Chairman and CEO. "Our extensive past experience collecting, processing and delivering geospatial data for national mapping initiatives positions us well to meet the needs of this major contract. We look forward to bringing enhanced IFSAR collection capabilities and geospatial analytics to Dewberry's GPSC4 team."
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Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", "will be", "will consider", "intends" and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap's forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap's Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
About Intermap Technologies
Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP;OTCQX: ITMSF) is a global leader in geospatial intelligence solutions. The Company's proprietary 3D NEXTMap® elevation datasets and value-added geospatial collection, processing, analytics, fusion and orthorectification software and solutions are utilized across a range of industries that rely on accurate, high-resolution elevation data. Intermap helps governments build authoritative geospatial datasets and provides solutions for base mapping, transportation, environmental monitoring, topographic mapping, disaster mitigation, smart city integration, public safety, and defense. The Company's commercial applications include aviation and UAV flight planning, flood and wildfire insurance, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation. For more information, please visit www.intermap.com.
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