Intermap Wins Phase Two of Prime Contract with the U.S. Air Force

Phase two revenue is 5x the size of phase one

The U.S. Department of Defense leverages Intermap’s commercial R&D

Operating in GPS-denied environments is mission critical

Utilizing Intermap’s proprietary data and technology to achieve assured positioning, navigation, and timing for air, ground, space, near-space and airborne systems without GPS

DENVER, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced it won a second phase in its prime contract with the U.S. Air Force to support its development of navigation solutions for GPS-denied environments. This program highlights another example of the U.S. Department of Defense (DOD) leveraging Intermap’s commercial research and development.

Intermap is a pioneer and leads the industry in collecting, building and utilizing global-scale and highly precise, raw data, sourced from across the electromagnetic spectrum and extended to gridded or meshed 3D elevation models. Intermap is the only company with a global archive of precise, multi-frequency, multi-look SAR that is collected in slant-range and co-registered in real-time with proprietary, complex algorithms. The Air Force will leverage this unique capability and extensive archive, which is the world’s largest, to advance its next generation of positioning, navigation and timing (PNT) systems. Further to the announcement on December 20, 2021, under this prime contract, Intermap will provide relevant data, operational experience, applied technology, low-latency collection and processing capabilities, engineering and scientific support.

Phase two of this prime contract is 5x the revenue of phase one. Intermap is developing plans now for a future phase that will be materially larger than phase two and may lead to graduating these mission-critical capabilities to a program of record, such as Advanced Battlefield Management Systems (ABMS). Further to the announcement on September 29, 2022, Intermap is a team member on ABMS.

“As recent experience deploying Western weapons platforms in large-scale battlefield environments confirms, adversary electronic warfare capabilities increasingly interfere with GPS, challenging dynamic maneuver, communications, navigation, ISR, missile early warning and tracking superiority,” said Patrick A. Blott, Intermap Chairman and CEO. “In these GPS-denied environments, battlefield performance of terrestrial, airborne and space platforms require precise PNT to enable multidomain operations. Intermap is working on this problem by leveraging several technological capabilities under multiple announced DOD and commercial contracts for GPS-denied environments, including with the U.S. Air Force, NASA Artemis III, and an undisclosed commercial satellite communications company.”