Intermap Awarded Contract for EDF Hydro Power Projects in South America
March 07 2023 - 7:30AM
Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the
“Company”), a global leader in 3D geospatial products and
intelligence solutions, today announced it has been awarded a
contract for high-resolution NEXTMap® digital terrain models
to support EDF Hydro ("EDF") with hydro power projects in South
America.
EDF has been a world leader in hydro power design, development
and operation for over 70 years. Intermap’s NEXTMap digital terrain
models (DTMs) enable EDF to perform hydro power feasibility
studies, project modeling and preliminary engineering for multiple
prospective hydro power projects in South America. Intermap offers
these capabilities as a service at global scale.
Intermap’s elevation data collection and processing expertise
provides EDF engineers with high-resolution DTMs that are
consistent in precision, quality and data specification across all
areas of interest, enabling efficient analyses of numerous remote
hydro power projects. The contract areas are composed of strategic
topography containing mountainous forest, which is challenging
terrain to map accurately due to the difficulty of measuring the
ground beneath trees and on steep slopes. Intermap’s advanced
technology is unique, patented and AI/ML-driven, enabling it to map
rugged terrain and model the ground beneath the canopy. This makes
preliminary studies and project planning more accurate and
efficient.
“Intermap's NEXTMap DTM data provides unique value to EDF’s
hydro power development efforts, enabling the characterization of
terrain for early development stages,” said Yann Marcilloux,
EDF Project Leader.
“Hydro power has been a reliable source of clean energy for over
a century and its potential for growth is immense,”
said Patrick A. Blott, Intermap Chairman and CEO. “We are
proud to enable and support development of hydro power in South
America to harness its benefits and create a cleaner and more
prosperous future. We are pleased to support EDF with its project
development and look forward to future opportunities with EDF and
other clean energy companies around the world.”
Hydro power is a clean, renewable energy source that harnesses
the power of moving water to generate electricity and does not
produce harmful emissions, making it an attractive alternative for
powering homes, businesses and communities. In addition, hydro
power offers critical benefits, including reliability,
sustainability, cost-effectiveness, versatility and job creation,
that make it an important component of South America’s energy mix.
Intermap continues to grow its renewable energy business,
supporting hydro, wind and solar projects across the world.
To learn more about Intermap’s renewable energy solutions, visit
intermap.com/renewable-energy.
Intermap Reader AdvisoryCertain
information provided in this news release, including reference to
revenue growth, 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
TechnologiesFounded in 1997 and headquartered in Denver,
Colorado, Intermap (TSX: IMP; OTCQX: ITMSF) is a global leader in
geospatial intelligence solutions, focusing on the creation and
analysis of 3D terrain data to produce high-resolution thematic
models. Through scientific analysis of geospatial information and
patented sensors and processing technology, the Company provisions
diverse, complementary, multi-source datasets to enable customers
to seamlessly integrate geospatial intelligence into their
workflows. Intermap’s 3D elevation data and software analytic
capabilities enable global geospatial analysis through artificial
intelligence and machine learning, providing customers with
critical information to understand their terrain environment. By
leveraging its proprietary archive of the world’s largest
collection of multi-sensor global elevation data, the Company’s
collection and processing capabilities provide multi-source 3D
datasets and analytics at mission speed, enabling governments and
companies to build and integrate geospatial foundation data with
actionable insights. Applications for Intermap’s products and
solutions include defense, aviation and UAV flight planning, flood
and wildfire insurance, disaster mitigation, base mapping,
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 or
contact:Jennifer BakkenExecutive Vice President and
CFOCFO@intermap.com +1 (303) 708-0955
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