Intermap and DronSystems Announce UAS Collaboration
Intermap Technologies (OTCQX: ITMSF) announces participation in a UAS proof of concept test in Dubai with DronSystems. This initiative integrates Intermap's NEXTView™, the first avionics-certified dataset, with DronSystems' DroNAV management platform, aiming to enhance commercial drone operations. The pilot demonstrates the capabilities of NEXTView in ensuring safe and efficient drone flights. The UTM market is projected to exceed $56 billion by 2027, with an 18.9% CAGR. This collaboration highlights Intermap’s positioning as a leader in the UAS market.
- Collaboration with DronSystems to advance commercial drone operations in Dubai.
- NEXTView is the first dataset certified for avionics, enhancing market credibility.
- Potential market growth in UTM expected to exceed $56 billion by 2027 at an 18.9% CAGR.
- Partnership showcases Intermap's commitment to innovation in the UAS sector.
- None.
Integrating NEXTView™ into proof of concept initiative in Dubai to advance commercial drone operations
DENVER, April 14, 2021 /PRNewswire/ - Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) ("Intermap" or the "Company"), a global leader in geospatial intelligence solutions, today announced it will participate in an Unmanned Aircraft System (UAS) proof of concept test in Dubai with DronSystems, a UAS provider based in the United Kingdom. The proof of concept will be powered by NEXTView™, co-developed by Intermap and Lufthansa Systems and the world's first and only dataset certified for use in avionics and other aviation applications.
NEXTView will be integrated with DronSystems' highly automated UAS air traffic management (UTM) platform, DroNAV. To be conducted at the dedicated facilities of Sanad Academy, the GCC region's largest state-of-the-art UAS pilot training and UAS testing center, the tests are intended to demonstrate to the regulators and enterprise customers the versatility, flexibility, potential efficiency and safety that are now possible in commercial drone operations. NEXTView's high-resolution and high-acuity surface data ensure drones fly safely and efficiently through the test area and beyond.
"Dubai is at the avantgarde of developments in UAS industry," said Dr. Dennis Shomko, DronSystems' Business Development Director. "The drone-related legislation is further ahead than in many other countries, especially when it comes to the highly automated and BVLOS operations." Marco Tantardini, DronSystems' Founder, commented, "The product of our partnership with Intermap and local businesses, a smart combination of hardware, software and current UAS-specific navigation information, will allow the regional UAS operators to plan and execute flights based on pre-approved patterns, automating routine operations, and thus increasing dispatch reliability. With this platform, drones will perform even in the most challenging environments and circumstances."
Since bringing NEXTView to market in 2020 with Lufthansa Systems, NEXTView remains the only global solution certified for use in avionics. The Dubai pilot project demonstrates the continued adoption of NEXTView by drone operators and the UTM market, with NEXTView now used for drone flight planning and control on three continents. The UTM market, which includes autonomous airborne logistics, surveillance and mapping, is expected to exceed
"This Dubai proof of concept is another example of Intermap's progress at the leading edge of the UAS industry," said Patrick A. Blott, Intermap Chairman and CEO. "Dubai is one of the world's most advanced cities, and they are implementing a UAS infrastructure to match that reputation. This collaboration with DronSystems marks another milestone for Intermap's emerging leadership as a critical player in the UAS market."
Intermap Reader Advisory
Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", "will be", "will consider", "intends" 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. Intermap's forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap's 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.
About DronSystems
London, UK-based DronSystems is a developer of DroNAV, a highly automated air traffic management system for UAS. The platform is a combination of cloud-based software and UAS-mounted hardware. Designed to be highly-dependable, the system uses aviation-grade components, and relies on standard procedures and principles, customary for the aerospace, and therefore allows seamless integration of UASs into legacy National Aerospace Systems with no additional CAPEX.
About Intermap Technologies
Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQX: ITMSF) is a global leader in geospatial intelligence solutions. The Company's proprietary NEXTMap® database and value-added geospatial data management, processing, analytics, fusion and orthorectification software and solutions are utilized across a range of industries that rely on accurate, high-resolution elevation data, including aviation, engineering, environmental planning, government markets, hydrology, insurance, land management, law enforcement and patrol, oil and gas, renewable energy, telecommunications, transportation and utilities. Intermap's commercial applications include location-based intelligence, risk assessment, geographic information systems, global positioning systems and 3D visualization. For more information, please visit www.intermap.com.
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SOURCE Intermap Technologies Corporation
FAQ
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