Published: September 13, 2006
Intermap Technologies Accelerates 3D Mapping of Western Europe
DENVER, Colo, and London, UK, (September 11, 2006): Intermap Technologies Corp. (TSX: IMP.TO, AIM: IMAP.L) announced that it has accelerated its plan for creating a high-resolution, three-dimensional map of Western Europe. Driven by demand within the European automotive, government, and insurance sectors, the Company's plans include the mapping of 13 Western European countries in their entirety by the end of 2007. Once completed, these datasets will be the most accurate elevation models of Western Europe in existence.
The announcement comes on the eve of a major presence by Intermap at AGI2006 - the Association for Geographic Information's leading UK event, which is being staged at the Business Design Centre in London.
The Company fully expects to finish mapping Germany in early 4Q 2006 and the remainder of Western Europe by the end of 2007. The European project was originally scheduled to coincide with plans to map the entire U.S.A. through 2008. Upon its completion, Intermap's NEXTMap Europe database will contain these countrywide maps:
Austria
Belgium
Czech Republic
Denmark
France
Germany
Italy
Luxembourg
Netherlands
Portugal
Spain
Switzerland
United Kingdom
"Adding these European countries to Intermap's NEXTMap database is an incredible accomplishment for the Company and is expected to create new opportunities within the European market over the next year and a half," stated Brian Bullock, president and CEO of Intermap Technologies. "This NEXTMap program will provide the most accurate countrywide maps ever created for five of the G7 nations and should prove to be a valuable asset for the Company, our customers and our shareholders."
In addition to enabling traditional Geographic Information Systems (GIS) applications for the newly created elevation models, Intermap will create 3D road vector data products to improve Intelligent Transportation System (ITS) applications to drive active safety devices, fuel performance improvements and in-car navigation. To serve this growing ITS market, the Company will continue to solidify joint development agreements to combine its highly accurate geospatial databases with the automotive engineering and development expertise of leading German automotive companies.
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