Monday, July 6, 2015

Intermap Technologies Corporation - IMP.t

Intermap Technologies Corporation - IMP.t is a leading provider of Location-Based Information (LBI), setting the industry standard for creating high-resolution 3D digital models of the earth’s surface.


On June 22, 2015 the company released NEWS

INTERMAP ANNOUNCES LETTER OF AWARD FOR ORION PLATFORM IMPLEMENTATION PROGRAM VALUED AT GREATER THAN $125 MILLION

A consortium led by Intermap Technologies Corp. has been issued with a governmental letter of award for the creation, operation and maintenance of a national spatial data infrastructure (SDI) program. The scope of work for the initial two-year SDI implementation phase is valued at greater than $125-million, with product delivery expected to commence during the third quarter of 2015. The company will also provide an operation and maintenance module valued at greater than $50-million for an additional 18-year period. The 20-year SDI program is administered within a public-private-partnership (PPP) framework under a build-operate-transfer (BOT) model, with the company serving as the prime contractor, on a turnkey basis.

The award is the result of a competitive tender process during which the company demonstrated the enabling versatility of its proprietary Orion platform, the industry's first software-driven, big-data geospatial analytics platform, capable of delivering customized solutions, at scale, to governments and commercial enterprises across multiple verticals from one unified control point. The Orion platform was launched on June 19, 2013, and is based on the company's proprietary software, data, airborne radar collection and data fusion technologies.
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On June 15, 2015 the company released NEWS

"Intermap Technologies (TSX:IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced an InsitePro subscription from one of the largest insurers of homes in Florida. InsitePro is software as a service (SaaS) that supplies location-based risk assessment to the property insurance industry. A key benefit of InsitePro for this insurer is the ability to score location risks according to their own business rules.

“This subscription is a milestone for InsitePro because it validates our strategy for risk scoring,” said Ivan Maddox, Intermap’s InsitePro Product Manager. “Insurers need to apply their own view of risk to natural catastrophe perils to ensure maximum efficiency and competitiveness. The risk scoring component of InsitePro provides this Florida carrier with immediate answers to their pricing questions by offering a more complete view of risk than what can be obtained by simply viewing a flood zone or claims history.

Florida is a challenging insurance environment, with a combination of coastal and inland flooding in addition to other perils. In response to these challenges, the market is evolving to provide private alternatives for flood insurance. Carriers who underwrite flood insurance are searching for alternatives to existing and traditional flood risk information so they can incorporate their own experience and appetite into their analytics and workflows. InsitePro meets this need by providing a more complete risk assessment for location-based risk. InsitePro supports write your own (WYO) flood, but adds extra value for excess and private coverage. The software is built on a platform that allows each customer to configure risk analytics and leverage Intermap’s extensive collection of geospatial datasets to deliver the precise information they need.


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