Tuesday, June 23, 2009

$2.4 million contract for 3D digital elevation models

Intermap Technologies has received a $2.4 million contract to provide 3D digital elevation models and orthorectified radar images for an international project. The project requires the delivery of data collected using the Company's proprietary Interferometric Synthetic Aperture Radar (IFSAR) technology. Under the agreement, Intermap will begin delivering mapping data from its current inventory of high-resolution geospatial data, with revenue being recognized by the Company over the next several quarters.


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