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Intermap (TSX:IMP) awarded task orders for the U.S. Department of Defense

Market News, Technology
TSX:IMP
30 January 2023 12:45 (EDT)

Source: Intermap Technologies.

Intermap Technologies (IMP) was awarded its first task orders under the U.S. Defense Department’s JANUS contract.

The company completed the first task order within 48 hours. Intermap provided geospatial products for a federal intelligence agency that were processed using its advanced AI/ML technology.

Intermap uses AI/ML to produce rapid, large-scale, high-precision geospatial intelligence containing hydro, objects, and advanced terrain features, including buildings. This is the first work Intermap has done for its partner under the JANUS contract.

JANUS is a U.S. Department of Defense Program of Record structured as an IDIQ. It is the primary vehicle to fund the creation and integration of geospatial intelligence for authoritative, seamless, worldwide datasets. It uses traditional and non-traditional sources.

Intermap leveraged its latest generation of automated systems to produce the required deliverables.

Patrick A. Blott, Chairman and CEO of Intermap, commented on the news.

“Supporting the U.S. DOD’s mission to advance integrated precision warfare with rapid and precise geospatial intelligence is a privilege and strategic imperative for Intermap. These awards, and more like them, will drive our business forward by incorporating proprietary, commercial AI/ML capabilities that deliver timely GEOINT decision-making at a worldwide scale, on-demand, at the operating tempo of U.S. government intelligence agencies.”

Intermap is a global location-based geospatial intelligence company. It provides geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models.

Intermap Technologies Corporation (IMP) is down 3.53 per cent, trading at C$0.82 per share at 11:59 am ET.


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