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HANOVER, Md., Feb. 21, 2017 (GLOBE NEWSWIRE) -- The KeyW Holding Corporation (NASDAQ:KEYW) today announced that it was selected by Intermap Technologies Corporation (TSX:IMP) to provide advanced radar imaging technology. Under the contract, KeyW will supply its KeyRadar® product customized for P-Band radar and processing, providing imagery in challenging operational environments.
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"KeyW's KeyRadar® is comparable to X-ray vision in the mapping world," said Dr. Kevin Gunde, vice president of KeyW's Survey and Exploration Systems sector. "It allows us to map terrain in the most obscure and challenging environments, such as those covered by heavy clouds and foliage."
"To complement our ability to create high-resolution data in every weather and light condition (daytime, nighttime, cloudy, rainy, forest fires, etc.), we have now added foliage penetration to our imaging capabilities," said Patrick Blott, Intermap's chairman and chief executive officer. "We selected KeyRadar® P-Band because the combination with our interferometric synthetic aperture radar system offers unmatched capabilities for high-resolution mapping where optical satellites struggle."
About KeyRadar
KeyRadar is a multi-mission, multi-mode system built on KeyW's next-generation, software-defined radio/radar architecture that:
- Combines multiple radar bands with sophisticated processing and target classification software;
- Finds obscured targets in challenging operational environments; and
- Enables users to field new capabilities to operational systems through a software-defined, modular open system architecture.
About KeyW
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KeyW is a total solutions provider for the Intelligence, Cyber and Counterterrorism Communities' toughest challenges. We support the collection, processing, analysis and dissemination of information across the full spectrum of their missions. We employ and challenge more than 1,000 of the most talented professionals in the industry with solving such complex problems as preventing cyber threats, transforming data into intelligence and combating global terrorism.
About Intermap
Headquartered in Denver, Colorado, Intermap is an industry leader in geospatial intelligence solutions. It is the only company capable of fusing volumes of accurate bare earth with other geospatial data into a single source, enabling location-based solutions for customers in diverse markets around the world.
Forward-Looking Statements: Statements made in this press release that are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to: statements about our future expectations, plans and prospects; statements regarding our strategies, plans, and operations; and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," "potential," "opportunities," and similar expressions. Our actual results, performance or achievements or industry results may differ materially from those expressed or implied in these forward-looking statements. These statements involve numerous risks and uncertainties, including but not limited to those risk factors set forth in our Annual Report on Form 10-K, dated and filed March 15, 2016 with the Securities and Exchange Commission (SEC) as required under the Securities Act of 1934, and other filings that we make with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements. KeyW is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Contacts:KeyWHeather WilliamsCorporate Media Relations 443.733.1613communications@keywcorp.comChris Donaghey Investor Relations443.733.1600investorrelations@keywcorp.comIntermap TechnologiesJennifer Bakken SVP and Acting CFO 303-708-0955 CFO@intermap.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.