Nearmap Ltd (ASX: NEA) announced significant commercialisation milestones resulting from its technology leadership in location content. Nearmap’s revolutionary HyperCamera 2 technology features accuracy more than 3 times greater than previous generation systems. Utilising this technology, Nearmap’s location content now extends to new geospatial data services, all within an instantly accessible, cloud based environment.
Nearmap’s capture program utilising HyperCamera 2 is well underway, with significant components of the footprint in both the United States (covering 50% of the US population) and Australia (covering the 6 major capital cities) captured and available to customers online.
Both products expand the market to customer use cases in a range of industries, including telecommunications, insurance, solar and local government. With the launch of Nearmap’s new MapBrowser interface in the United States, these products are available now to US customers with early commercial sales underway in that market.
Commercial launch of the new MapBrowser, Nearmap Panorama and Nearmap Oblique products to Australian customers is expected in the first quarter of 2018.
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