Yahoo Finance Intermap Announces Subscription Renewal with Autonomous Aviation Customer
Supporting expansion into the U.S. across multiple airports for automated aviation with certified elevation data
DENVER, April 03, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced one of its autonomous aircraft clients has renewed its NEXTView® subscription as their early-stage operations expand.
Intermap and Lufthansa Systems co-developed Lido SurfaceData NEXTView (NEXTView) and certified it with the European Union Aviation Safety Agency (EASA) for use in commercial avionics. NEXTView provides highly accurate elevation data to support autonomous aircraft landing and UAV operations as well as Terrain Avoidance and Warning Systems (TAWS) and Synthetic Vision Systems (SVS) in traditional aircraft. As the autonomous aircraft industry develops and grows, it will rely heavily on global data availability and accuracy to make unmanned flights safer and more efficient as goods and people are moved around the world.
NEXTView is uniquely positioned as the first of its kind and only certified elevation dataset on the market. It is the only global elevation dataset certified for aviation, with a Type-1 certification from the EASA, the European equivalent of the Federal Aviation Administration (FAA) in the United States. NEXTView is critical in the rapidly growing unmanned aircraft market and has been integrated with multiple Unmanned Aircraft Systems (UAS) and Unmanned Traffic Management Systems (UTMs) since its market entry in 2019.
“Our aviation surface data brings critical information to the unmanned aviation industry,” said Patrick A. Blott, Intermap Chairman and CEO. “Companies that are leading the path towards unmanned flights need foundation data to support operations to plan and execute flights safely and efficiently. Certified NEXTView data provides accurate terrain and obstacle data for optimal and safe flight routing.”
Learn more about Intermap’s aviation products and solutions at intermap.com/aviation-surface-data.
Intermap Reader Advisory
Certain information provided in this news release, including reference to revenue growth, 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, focusing on the creation and analysis of 3D 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, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap’s 3D 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 multi-sensor global elevation data, the Company’s collection and processing capabilities provide multi-source 3D datasets 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 defense, aviation and UAV 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.
CONTACT: For more information, please visit www.intermap.com or contact: Jennifer Bakken Executive Vice President and CFO CFO@intermap.com +1 (303) 708-0955
