Intermap gets mapping agreement, radar upgrade contract

Denver, Colorado-based Intermap (TSX: IMP), (ITMSF:BB) has entered into an agreement to provide multi-frequency, high resolution radar mapping,.

Intermap will conduct an airborne survey, assign orthorectified data coordinates, and produce imagery and elevation products that will support risk management, infrastructure, and security applications.

In addition, the company will provide supervisors who will train, assist, and monitor local personnel and operations. A milestone payment of USD 2.67 million is expected during the first quarter of 2017.

Intermap has also entered into a contract to upgrade its multi-frequency radar system.

Intermap is in geospatial intelligence solutions.