Intermap Advances GPS Solutions with New U.S. Air Force Contract
Intermap Secures Second Phase of Key Contract with U.S. Air Force
Phase two revenue has increased significantly compared to phase one
The U.S. Department of Defense utilizes Intermap's R&D expertise
Critical operations in GPS-denied environments
Employing Intermap’s unique data and technology to ensure reliable positioning, navigation, and timing for various systems without GPS
Intermap Technologies (TSX: IMP; OTCQB: ITMSF) has announced a significant milestone by winning the second phase of its prime contract with the U.S. Air Force, aimed at supporting the development of navigation solutions specifically for environments where GPS is unavailable. This contract underscores the U.S. Department of Defense's (DOD) commitment to leveraging Intermap’s cutting-edge research and development capabilities.
Intermap's Cutting-Edge Technology
Intermap stands at the forefront of the industry by collecting and utilizing extensive, precise global data sourced from a range of electromagnetic frequencies and transformed into gridded 3D elevation models. As the only company maintaining a global archive of multi-frequency, multi-look Synthetic Aperture Radar (SAR) data, Intermap has developed sophisticated real-time co-registration with proprietary algorithms. The U.S. Air Force plans to harness this exceptional capability to further advance its next-generation positioning, navigation, and timing (PNT) systems.
Phase two of this contract marks a fivefold increase in revenue compared to the first phase, with Intermap currently laying out plans for a subsequent phase that promises even greater scale and complexity. This could potentially lead to the inclusion of these vital capabilities into established programs, such as Advanced Battlefield Management Systems (ABMS).
Expert Insights on Navigational Challenges
Intermap’s Chairman and Chief Executive Officer, Patrick A. Blott, highlighted the increasing challenges posed by adversary electronic warfare capabilities that disrupt GPS signals. “In GPS-denied environments, the effectiveness of terrestrial and airborne systems depends on precise PNT to facilitate multidomain operations,” Blott stated. “Intermap is tackling these challenges through various technological solutions under several established DOD and commercial contracts.”
Among these initiatives, Intermap collaborates with the U.S. Air Force and NASA on projects relating to the Artemis III mission, in addition to working with a private satellite communications company that remains undisclosed.
Key Conversations at Air Force Change of Command Ceremony
On July 10, 2024, during a change of command ceremony at the National Museum of the United States Air Force, commanders from the Air Force Research Laboratory (AFRL) expressed the urgency of innovation in defense technology. Brig. Gen. Jason E. Bartolomei emphasized the necessity of integrating advancements in air and space warfare to ensure mission success, highlighting the commitment of service members at all levels to achieve these objectives.
General Duke Z. Richardson, the previous AFRL Commander, also discussed efforts to develop a continuous pipeline of affordable technologies for future military use.
Ensuring Technology Security and Compliance
Security of Communications
Intermap’s technology and methodologies are subject to stringent controls per the DOD's guidelines, meant to prevent unauthorized disclosure and ensure usage strictly for military purposes under appropriate authorizations.
Reader Advisory
This announcement is rooted in work supported by the Air Force Research Laboratory under a specific contract. The perspectives and conclusions included herein are those of the authors and do not necessarily represent the views of the Air Force Research Laboratory.
About Intermap Technologies
Established in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) leads the field of geospatial intelligence by creating and analyzing 3D terrain data to produce high-resolution thematic models. The company utilizes scientific analysis, patented sensors, and advanced processing technologies to offer diverse and complementary multi-source datasets. This enables seamless integration of geospatial intelligence into operational workflows across various sectors, including defense, aviation, disaster mitigation, and more.
For additional information, please contact:
Jennifer Bakken
Executive Vice President and CFO
CFO@intermap.com
+1 (303) 708-0955
Sean Peasgood
Investor Relations
Sean@SophicCapital.com
+1 (647) 260-9266
Frequently Asked Questions
1. What is the significance of Intermap's contract with the U.S. Air Force?
The contract enables Intermap to provide navigation solutions for environments that lack GPS, highlighting its pivotal role in national defense technology advancements.
2. How does Intermap's technology enhance navigation capabilities?
Intermap utilizes unique data and algorithms to ensure precise positioning, allowing military systems to operate effectively even in GPS-denied scenarios.
3. What are the financial implications of the new contract phase?
Phase two of the contract is set to generate five times the revenue from phase one, showcasing Intermap's growing relevance in defense contracts.
4. Who is involved in the geographic and technological innovations discussed?
Intermap partners with various organizations, including the U.S. Air Force and NASA, to address challenges in navigation and positioning.
5. What applications does Intermap's technology cater to?
Intermap’s solutions serve multiple industries including defense, aviation, environmental planning, and critical infrastructure monitoring, among others.
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