Geospatial content developer and intelligence solutions provider Intermap Technologies (OTCMKTS:ITMSF) is in focus today among investors and the stock has jumped by 10% so far this morning.
The rally in the stock is possibly related to the announcement made by Intermap yesterday with regards to an OT award that it received from the National Geographic Intelligence Agency (NGA). The company is going to have to present continuously updated foundation data of low latency for areas of interest that are of high priority from the national security perspective.
It is a significant deal for Intermap considering the wider implications of the deal. The NGA is controlled by the United States Department of Defense and is involved in the combat support space. It is also a constituent of the United States Intelligence Community. Hence, this development could eventually prove to be a very important one for Intermap and its future. The stock has gathered strong momentum this morning and investors could consider keeping an eye on it.