Intermap Launches New Business Initiative With EarthWatch Incorporated

Intermap Launches New Business Initiative With EarthWatch Incorporated

Intermap Technologies Inc. announced it has signed a $3.8 million US contract with EarthWatch Incorporated, one of the largest commercial satellite companies in the United States, to supply precision digital mapping data for its new Quickbird(TM) satellite. ``Images and DEMs resulting from this project will provide, in digital form, the world's most advanced, accurate and consistent maps on a nation-wide scale,'' said Brian Bullock, Intermap President and CEO. ``We are delighted our customer for these precision geocoded images is our long-time business partner EarthWatch.''

EarthWatch, of Longmont, Colorado, will be collecting Quickbird(TM) satellite images of high-growth urban centres in the U.S. Intermap Technologies will supply EarthWatch with digital elevation model (DEM) data that will allow the creation of precision satellite image products for these areas. ``Intermap has a strong heritage of photogrammetric mapping and airborne radar experience, making Intermap the company with the commercial capacity to meet our worldwide demand for accurate, low-cost digital elevation models (DEMs),'' said Herb Satterlee, President and CEO of EarthWatch. ``With the Quickbird(TM) satellite scheduled for launch in mid-November, we wanted to position ourselves to be able to provide our Distributor network with quality, precision data,'' Mr. Satterlee added. ``The DEMs provided by Intermap will be used to create precision Quickbird(TM) products, and therefore are vital in meeting an increasing global demand for precision maps.'' Intermap expects to begin work on the contract immediately after EarthWatch launches its Quickbird(TM) satellite.

The Intermap DEMs will also be made available to the commercial market through Intermap's GLOBAL Terrain(TM) store. Mr. Bullock said Intermap has just completed a detailed market analysis of its core business, ``and this contract represents an important endorsement for one of several initiatives defined in that study, namely the provision of high-resolution data to improve the accuracy of satellite images. Intermap also expects that new products, such as high resolution satellite images fused with Intermap's detailed DEMs, will meet the needs of a growing 3D visualization market.'' He added Intermap is the only mapping company with the commercial capacity to meet world demand for accurate, low-cost digital elevation models (DEMs). Mr. Bullock said the EarthWatch agreement brings the value of STAR-3i contracts Intermap has signed this year to over $7 million US, a 38% increase over the total of all STAR-3i contracts signed during the 1999 fiscal year. ``The company is very encouraged by market response to our new initiatives. We can expect increased sales as satellites collect more worldwide data.'' ! Intermap Technologies is building a global database of digital elevation models (DEMs). Intermap digital maps are used in a wide range of applications including planning and engineering projects, in navigation systems, and to enrich satellite images. Working for governments and private industry worldwide, Intermap's STAR-3i IFSAR radar system maps large areas accurately, quickly, and can acquire data in overcast or dark conditions. Intermap generates maps, DEMs and orthorectified images in highly automated production facilities. Map products are available at the Company's GLOBAL Terrain ( www.globalterrain.com).

For details visit www.intermaptechnologies.com