Intermap Technologies

Intermap Drives Infrastructure Advancements in Greece and Malawi

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星期一, 四月 8, 2024

DENVER, April 08, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced two infrastructure projects in Greece and Malawi, providing applications that leverage recent advancements in AI/ML.

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DENVER, April 08, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced two infrastructure projects in Greece and Malawi, providing applications that leverage recent advancements in AI/ML.
Intermap has received a contract award alongside its partner, ALVO, to provide 3D precision elevation data to the Hellenic Republic Ministry of Rural Development and Food in Greece (“Greek Ministry of Agriculture”).
“Intermap’s NEXTMap DSM is an excellent solution for our purpose,” said Dimitris Messinezis, Founder and CEO of ALVO in Greece.
“Our expertise in 3D precision geospatial data makes us a valuable partner for ALVO in delivering advanced solutions for the agriculture industry in Greece.

Intermap Announces 2023 Results and 2024 Guidance

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星期二, 四月 2, 2024

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DENVER, April 02, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced 2023 financial results and 2024 guidance.

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Company projects 2024 bookings of $20 – 25 million, revenue of $16 – 18 million and an adjusted EBITDA margin of approximately 25%
DENVER, April 02, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced 2023 financial results and 2024 guidance.
For the year ending December 31, 2023, the Company reported revenue of $6.2 million, compared with $6.8 million the previous year.
Despite the contracting delays, Intermap’s EPS for 2023 improved to ($0.10) per share, compared with ($0.16) per share for the previous year.
“Our government and commercial businesses are off to a strong start in 2024,” said Patrick A. Blott, Intermap Chairman and CEO.

Intermap and Twinn by Royal HaskoningDHV Transform Climate Change Insurance

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星期四, 十一月 30, 2023

DENVER, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced a new collaboration with its partner, Twinn by Royal HaskoningDHV, to offer the global insurance industry enhanced, comprehensive flood, natural hazard and climate change data.

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DENVER, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced a new collaboration with its partner, Twinn by Royal HaskoningDHV, to offer the global insurance industry enhanced, comprehensive flood, natural hazard and climate change data.
Intermap is a trusted provider of flood hazard maps and analytics in the United States, Central and Eastern Europe and Southeast Asia.
It also includes climate change-based hazard analytics, including sea level rise, drought stress, heat stress, precipitation stress, fire weather and tropical cyclone.
“Leveraging our extensive climate risk modelling expertise, we’re enhancing our combined data and analytics to bring new capabilities to financial services firms.

Intermap Announces 46% Increase in Commercial Revenue During the Third Quarter

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星期二, 十一月 14, 2023

EBITDA, Private placement life insurance, Private placement, Person, Software, Internet, Growth, Information technology, News, Bookkeeping, Intermap Technologies

DENVER, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced third quarter results. For the period ending September 30, 2023, the Company reported revenue of $1.5 million, compared with $1.2 million for the third quarter of 2022 and $1.5 million in the second quarter of 2023.

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The improvement in Adjusted EBITDA is primarily attributable to a greater mix of highly scalable, as-a-service revenue and decreased net loss for both periods.
Since the end of the quarter, cash on the balance sheet has risen from $265 thousand to $332 thousand.
In the third quarter, Intermap won significant contracts across various markets.
“Intermap is focused on prioritizing high-value opportunities for as-a-service revenue as well as successful execution of pending government contracts, which will drive revenue gains into the fourth quarter,” said Patrick A. Blott, Intermap Chairman and CEO.

Intermap Supports World Bank Flood Modeling Project in Togo

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星期四, 九月 21, 2023

DENVER, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced it will provide high-resolution digital terrain models (DTM) for flood hazard modeling for a World Bank project in the Greater Lomé region in Togo. Intermap is working with its partner, Twinn by Royal HaskoningDHV, to support this critical flood modeling project and strengthen the community’s flood resilience and risk management.

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DENVER, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced it will provide high-resolution digital terrain models (DTM) for flood hazard modeling for a World Bank project in the Greater Lomé region in Togo.
Intermap is working with its partner, Twinn by Royal HaskoningDHV, to support this critical flood modeling project and strengthen the community’s flood resilience and risk management.
Intermap’s NEXTMap® DTM provides critical terrain information for flood hazard modeling.
“Our high-resolution precision data supports the World Bank’s flood hazard modeling project in Lomé, strengthening the region’s resilience against natural disasters.”
“We are delighted to support Intermap and the World Bank in providing high-resolution world class hazard data,” said Mark Nunns, Head of Commercial, Financial Services, RHDHV.

Intermap’s InsitePro Clients Post Excellent Underwriting Results After Tropical Storm Hilary

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星期四, 九月 14, 2023

DENVER, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced that its U.S. insurance solution, InsitePro®, empowered customers to report excellent underwriting results after Tropical Storm Hilary.

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DENVER, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced that its U.S. insurance solution, InsitePro®, empowered customers to report excellent underwriting results after Tropical Storm Hilary.
Major storm events are the testing ground for underwriting solutions, and like with Ian and Harvey, InsitePro delivered excellent results through Tropical Storm Hilary, the first such storm to hit California in over 80 years.
These results demonstrate the importance of incorporating advances in technology and staying up to date with climate change.
Many U.S. clients are seeing very few insurance claims from recent storms as a result of using InsitePro for risk selection and underwriting.

Intermap Enables World Class Space Infrastructure with New 3D Data Exploitation Contract

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星期四, 九月 7, 2023

DENVER, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Following a successful competitive procurement, Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced a contract to supply its latest high-precision NEXTMap® elevation data to a global spacecraft/launch/communications operator to be used for simulation, regulatory compliance and global situational awareness, including ground station RF interference modeling. Intermap leverages its commercial archive of 3D geospatial data, the world’s largest, and proprietary AI/ML software and processing algorithms to empower its clients with critical as-a-service infrastructure they can easily use to solve various terrain, sub-surface and space-based applications.

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Intermap’s seamless elevation models are increasingly needed by satellite operators around the world as terrestrial infrastructure and services are developed.
“Our highly precise global 3D models and vertically targeted exploitation software will be instrumental in supporting the future of advanced insurance, communication, navigation and transportation.”
Intermap’s sensed elevation data is a non-synthetic 3D global product.
Intermap specializes in collecting, processing and delivering through software as-a-service, highly valuable and precise 3D elevation data, at scale, that is suitable for critical government and commercial purposes.
In 2018, Intermap’s elevation models, 3D vectors and exploitation tools were vital during the Thai soccer team cave rescue .

Intermap Announces Positive Cash Flow in the First Half and Private Placement

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星期一, 八月 14, 2023

DENVER, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced preliminary second quarter results and a private placement offering.

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During the six months ended June 30, 2023, the Company reported positive cash flow from operating activities of $80,000.
All of the contracts relate to ongoing work that Intermap is confident will continue in the latter half of this year.
On August 10, 2023, Intermap closed the first tranche of an issuer private placement (the “Private Placement”) of 810,000 units ("Units").
The Company intends to close a second tranche of the Private Placement within the next week on the same terms.

3D Mapping and Modeling Market worth $11.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

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星期三, 八月 2, 2023

The services segment of the 3D Mapping and Modeling Market is growing rapidly.

Key Points:

The services segment of the 3D Mapping and Modeling Market is growing rapidly.
3D mapping and modeling vendors require technical support and consulting services to deploy their solutions quickly and smoothly in the market.
Managed services play a crucial role in the 3D Mapping and Modeling Market as they offer specialized services and support to organizations requiring 3D mapping and modeling solutions.
3D Mapping and Modeling Market Advantages:
Users can better understand spatial linkages and design complexities thanks to the more lifelike and immersive visualisation experience provided by 3D mapping and modelling.

3D Mapping and Modeling Market worth $11.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

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星期三, 八月 2, 2023

The services segment of the 3D Mapping and Modeling Market is growing rapidly.

Key Points:

The services segment of the 3D Mapping and Modeling Market is growing rapidly.
3D mapping and modeling vendors require technical support and consulting services to deploy their solutions quickly and smoothly in the market.
Managed services play a crucial role in the 3D Mapping and Modeling Market as they offer specialized services and support to organizations requiring 3D mapping and modeling solutions.
3D Mapping and Modeling Market Advantages:
Users can better understand spatial linkages and design complexities thanks to the more lifelike and immersive visualisation experience provided by 3D mapping and modelling.