Intermap Secures Second Phase of Key Contract with U.S. Air Force
Phase two revenue has significantly increased compared to phase one
The U.S. Department of Defense relies on Intermap's research and development expertise
Essential operations in environments without GPS
Utilizing Intermap’s innovative data and technology to ensure dependable positioning, navigation, and timing for various systems in GPS-denied areas
Intermap Technologies (TSX: IMP; OTCQB: ITMSF) has reached an important milestone by securing the second phase of its primary contract with the U.S. Air Force. This contract focuses on developing navigation solutions specifically for situations where GPS is not available. It emphasizes the U.S. Department of Defense's (DOD) dedication to utilizing Intermap’s advanced research and development capabilities.
Intermap's Advanced Technology
Intermap is a leader in the industry, gathering and using extensive, accurate global data collected from various electromagnetic frequencies, which is then transformed into detailed 3D elevation models. As the only company that maintains a global archive of multi-frequency, multi-look Synthetic Aperture Radar (SAR) data, Intermap has created sophisticated real-time co-registration through proprietary algorithms. The U.S. Air Force intends to leverage this exceptional capability to enhance its next-generation positioning, navigation, and timing (PNT) systems.
The second phase of this contract represents a fivefold increase in revenue compared to the first phase. Intermap is currently outlining plans for a future phase that promises even greater scale and complexity. This could lead to the integration of these crucial capabilities into established programs, such as Advanced Battlefield Management Systems (ABMS).
Insights on Navigational Challenges
Patrick A. Blott, Intermap’s Chairman and Chief Executive Officer, pointed out the growing challenges posed by adversarial electronic warfare capabilities that disrupt GPS signals. “In environments where GPS is unavailable, the effectiveness of terrestrial and airborne systems relies on accurate PNT to support multidomain operations,” Blott explained. “Intermap is addressing 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 related to the Artemis III mission, as well as working with a private satellite communications company that has not been disclosed.
Key Discussions 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) highlighted the urgent need for innovation in defense technology. Brig. Gen. Jason E. Bartolomei stressed the importance of integrating advancements in air and space warfare to ensure mission success, underscoring the commitment of service members at all levels to achieve these goals.
General Duke Z. Richardson, the former AFRL Commander, also spoke about efforts to create a continuous pipeline of affordable technologies for future military applications.
Ensuring Technology Security and Compliance
Security of Communications
Intermap’s technology and methodologies are subject to strict controls in accordance with DOD guidelines, designed to prevent unauthorized disclosure and ensure that usage is strictly for military purposes under appropriate authorizations.
Reader Advisory
This announcement is based on work supported by the Air Force Research Laboratory under a specific contract. The views and conclusions expressed herein are those of the authors and do not necessarily reflect the opinions of the Air Force Research Laboratory.
About Intermap Technologies
Founded in 1997 and based in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a leader in geospatial intelligence, specializing in the creation and analysis of 3D terrain data to produce high-resolution thematic models. The company employs scientific analysis, patented sensors, and advanced processing technologies to provide a variety of complementary multi-source datasets. This enables seamless integration of geospatial intelligence into operational workflows across multiple sectors, including defense, aviation, disaster mitigation, and more.
For further 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 allows Intermap to deliver navigation solutions for areas lacking GPS, highlighting its crucial role in advancing national defense technology.
2. How does Intermap's technology enhance navigation capabilities?
Intermap employs unique data and algorithms to ensure accurate positioning, enabling military systems to function effectively even in environments without GPS.
3. What are the financial implications of the new contract phase?
The second phase of the contract is expected to generate five times the revenue of the first phase, demonstrating Intermap's increasing importance in defense contracts.
4. Who is involved in the geographic and technological innovations discussed?
Intermap collaborates with various organizations, including the U.S. Air Force and NASA, to tackle challenges related to navigation and positioning.
5. What applications does Intermap's technology cater to?
Intermap’s solutions serve a variety of industries, including defense, aviation, environmental planning, and critical infrastructure monitoring, among others.
