- Key Components of the Intermap Orion Platform™ Licensed
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DENVER,
June 10, 2014 /PRNewswire/ -
(TSX:IMP), (ITMSF:BB) - One month after announcing the commercial
availability of InsitePro™, Intermap Technologies a leading
provider of location-based solutions, today announced an agreement
to license InsitePro to a Top 10 Global Reinsurer for use in a
specific Latin American country. InsitePro is a
Software-as-a-Service (SaaS) product that is purpose built to
visualize and analyze location-specific risk. InsitePro provides
Global Reinsurers with a powerful tool to evaluate locations
one-by-one or thousands at a time via the Company's innovative risk
models and analytics.
Intermap is evolving the way the world views risk management. By
connecting people to location-based solutions through the InsitePro
application, Intermap makes risk planning more accessible, opening
up more possibilities for governments and enterprises anywhere in
the world. InsitePro's expanding global presence continues to
connect more people with life and property saving risk management
answers, forever changing the way cities are managed, communities
are built and lives are lived.
Only Intermap's Orion Platform™ can provide integrated access to
Intermap's WorldFlood™ model, GeoPro™, InsitePro™ and the Company's
proprietary elevation data to forecast flood risk in Latin America. InsitePro provides proprietary
access to Intermap's WorldFlood™ model, which forecasts uniform
flood coverage anywhere in the world. GeoPro is software that
easily and simply serves all types of geospatial data to authorized
users who can then analyze the information to quickly provide
location-based answers to their customers.
"We're pleased to be working with this Top 10 Global Reinsurer.
This agreement is further proof that InsitePro and our Orion
Platform can become the authoritative provider of Web-based risk
models for all types of perils around the world," said Todd Oseth President and CEO of Intermap.
"Reinsurance providers now have dependable and consistent flood
risk information at their fingertips. We're looking forward to
bringing the benefits of InsitePro and the Orion Platform to
customers around the world."
InsitePro leverages Intermap's best-in-class NEXTMap® and
NEXTMap World 30™ elevation data. Point-specific ground elevation
allows users to go beyond flood models to better understand the
risk of flood by determining heights above flood elevation, flow
routes from rivers to buildings, and safer locations for new
infrastructure and buildings. InsitePro can also display a
customer's proprietary risk data or any available Government
data.
Flooding is a recurring threat around the world, with over U.S.
$2 trillion worth of property exposed
to flood damage annually. InsitePro and the Orion Platform provide
four major benefits to help manage and explain flood exposure:
- Quickly and easily analyze locations for risk of flood,
wildfire, and other perils
- Visualize locations and their proximity to risk
zones
- Leverage dependable ground elevations to qualify flood
risk
- Visualization tool for sales people to present a picture of
risk to their clients
InsitePro is available immediately. For more information, please
contact Ivan Maddox at
imaddox@intermap.com.
About Intermap Technologies
Headquartered in Denver,
Colorado - Intermap (www.intermap.com) is an industry leader
in location-based solutions on demand with its secure, cloud based
Orion Platform™. Through its powerful suite of 3DBI®
applications and proprietary development of contiguous databases
that fuse volumes of geospatial data into a single source, the
Orion Platform is able to provide location- based decisions for
customers in diverse markets around the world. For more information
please visit www.intermap.com
Intermap Reader Advisory
Certain information provided in this news release constitutes
forward-looking statements. The words "anticipate", "expect",
"project", "estimate", "forecast" and similar expressions are
intended to identify such forward-looking statements. Although
Intermap believes that these statements are based on information
and assumptions which are current, reasonable and complete, these
statements are necessarily subject to a variety of known and
unknown risks and uncertainties. You can find a discussion of such
risks and uncertainties in our Annual Information Form and other
securities filings. While the Company makes these forward-looking
statements in good faith, should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary significantly from those
expected. Accordingly, no assurances can be given that any of the
events anticipated by the forward-looking statements will transpire
or occur, or if any of them do so, what benefits that the Company
will derive therefrom. All subsequent forward-looking statements,
whether written or oral, attributable to Intermap or persons acting
on its behalf are expressly qualified in their entirety by these
cautionary statements. The forward-looking statements contained in
this news release are made as at the date of this news release and
the Company does not undertake any obligation to update publicly or
to revise any of the forward-looking statements made herein,
whether as a result of new information, future events or otherwise,
except as may be required by applicable securities law.
SOURCE Intermap Technologies Corporation