Intermap Technologies (OTCMKTS:ITMSF) Stock On Radar After Latest News
Global 3D geospatial products and intelligence solutions leader Intermap Technologies (OTCMKTS:ITMSF) is a company that could be worth tracking by investors this week. Last Thursday the company had come into focus after it announced that it had picked up a contract with a major telecommunications providing company in Vietnam.
Trading Data
On Thursday, ITMSF stock lost 2.86% to $0.4613 with more than 5.44K shares, compared to volume of 23.99K shares. The stock moved within a range of $0.4400 – 0.4849 after opening trade at $0.4849.
Intermap Wins Contract with Major Telecom Provider in Vietnam
As per the provisions of the contract, the company is going to be involved in providing a variety of data products and services which would support the geospatial infrastructure that is important for expanding networks. Through the deployment of its advanced geospatial data collection methodologies, the company will be able to come up with highly detailed and accurate 3D models of buildings, terrains and other elements in more than 70 cities and towns in Vietnam.
The models would be able to help the client with visualizing obstacles so that there is a complete understanding of the factors which may affect signals. Through the use of the precision data provided by Intermap it would be possible for telecom operators to design solutions which are custom made so as to upgrade the networks. The specific financial value of the contract was not revealed by the company. It may be a good move to keep an eye on the stock today.
