DoD Invitation to Present at Intermap Tech Rally

There was a significant rise in shares of Intermap Technologies Corp. on Wednesday after it was announced that the 3D geospatial products company selected by the U.S. Department of Defense will demonstrate advanced technology for geospatial temporal incident data in the next stage of a competitive process.

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The shares were trading 13% higher at C$0.90 in morning trading, extending the rally that has been occurring over the past six months to just over 60%.

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It has been reported that the Canadian company has been invited to present its latest artificial intelligence processing technology after its earlier proposal has been reviewed and evaluated. The company said that after presenting this technology, it was invited to demonstrate how geo-precise data can be used to support the U.S. government's situational awareness and planning processes.

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This type of geospatial temporal incident data refers to events such as crime, population disturbances, riots and protests, cybersecurity developments, and natural hazards that occur as a result of these events. An event being held by Intermap in April will present the company's capabilities and provide a demonstration of its technology to the Department of Defense to demonstrate its capabilities and capabilities.

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Intermap announced in late January that it had received the first task orders from the Department of Defense under the Janus contract, a vehicle set up by that department to fund the creation and integration of geospatial intelligence.