Intermap signs second joint development agreement within German auto industry

Intermap signs second joint development agreement within German auto industry

SHARE

Intermap Technologies Corporation recently announced that it has signed a second joint development agreement within the German automotive industry for Intelligent Transportation Systems (ITS) applications. The agreement combines the automotive engineering and development expertise from this German automotive manufacturer with Intermap’s highly accurate geospatial databases. The first phase of the agreement will concentrate on developing advanced 3-dimensional road data applications for both performance and safety improvements.

Since the focus of the development activities are in Europe, Intermap plans to accelerate its NEXTMap Europe plan, beginning with the completion of NEXTMap Germany this year. Intermap’s NEXTMap 3D road vector data can improve ITS applications such as vehicle engine control, which can save on vehicle operating costs including fuel and insurance. Improvements in fuel economy through adaptive cruise control, translate directly to reduced costs of operation, as well as reduction in greenhouse gas emissions.

Companies in the automotive market have told Intermap that they now have ITS technologies waiting to incorporate 3D road data and have been asking suppliers for accurate 3D road vectors. They also state that the existing 2D road data has not been accurate enough for many ITS applications and can even cause problems in their systems. Intermap has been told that it is the first company to present an accurate 3D solution for this issue. The agreement announced today underlines the progress Intermap is making in ITS and the Company’s ability to attract interest from automotive industry leaders. These joint development relationships will give participating companies the opportunity to showcase the value of incorporating precise 3D road data into future automotive systems.