$3.7 Million Contract for Geospatial Mapping Data - 10/10/2006
Intermap Technologies Corp. (CO, USA) its German subsidiary has received a contract from an important international client for geospatial data valued at US$3.7 million. Under the agreement, Intermap will collect, process and deliver the data by the end of 2006.
Contract deliverables include high-resolution digital elevation data and radar imagery generated through Intermap's Interferometric Synthetic Aperture Radar (IFSAR) mapping systems. The client will use the data to orthorectify existing high-resolution satellite imagery for updating regional maps, databases, and future planning.
With this contract, Intermap has now announced over $25 million of contracts during 2006 with $20 million originating from contract services work and $5 million originating from NEXTMap multi-client data licensing. During the second half of the year, Intermap has already announced $9.6 million in contract services work and $3.2 million in NEXTMap multi-client data licensing.