Company's proprietary, high-resolution
elevation data to power dam inundation analysis
Underscores Intermap's role as a
partner-of-choice for reliable safety and emergency
planning
DENVER, May 11, 2022
/PRNewswire/ - Intermap Technologies (TSX: IMP) (OTCQX: ITMSF)
("Intermap" or the "Company"), a global leader in geospatial
content development and intelligence solutions, today announced a
new infrastructure project with a U.S. federal government agency to
provide digital elevation terrain data for dam inundation studies
in Arizona.
The federal agency is conducting dam failure inundation studies
to produce hydrologic and hydraulic reports for land management and
establish emergency action plans. These studies, which are critical
to planning and executing emergency response actions, require
high-quality, consistent datasets across project locations.
Intermap's proprietary digital terrain models (DTMs) provide
high-resolution data of the Earth's surface and will be used to
generate flood simulations in the event of a dam failure, as well
as delineate dam watershed boundaries and calculate reservoir
storage capacity.
Patrick A. Blott, Intermap's
Chairman and CEO, said, "We are pleased Intermap has been named as
a key partner for Arizona's dam
inundation studies, which will leverage our leading DTM data, flood
maps and models to illustrate the potential outcomes of downstream
flooding. This new infrastructure project underscores Intermap's
role as a partner-of-choice for federal agencies that depend on our
terrain data to plan and execute projects quickly, efficiently and
consistently."
Climate change is affecting the frequency and severity of
flooding and drought. Many regions of the U.S. with hydropower
include areas where river basins are projected to have the greatest
risk of water scarcity by 2050 (source). Heavy rainfall can cause
severe flooding, damage dam infrastructure and endanger people
living nearby, as seen by the collapse of two dams in Michigan in 2020, forcing thousands of people
to evacuate (source). Intermap's remote sensing and advanced
technology are key parts of ongoing efforts to track water levels,
flow vectors, and effective mitigation.
To learn more about Intermap's elevation data offerings, visit
https://www.intermap.com/nextmap.
Intermap Reader Advisory
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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SOURCE Intermap Technologies Corporation