Intermap Technologies

Intermap Announces New Contract for Agriculture Management in Southeast Asia

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星期四, 四月 13, 2023

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DENVER, April 13, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced a contract to supply 3D digital elevation models (DEMs) to reduce crop loss for a leading agricultural company in Indonesia.

Key Points:

Intermap’s innovative datasets provide the client with critical information to manage their plantations efficiently, resulting in better yields.
Intermap believes a significant amount of future growth will follow from these contract awards.
“We are excited to be at the forefront of applying our data and innovative technology for agricultural resource management,” said Patrick A. Blott, Intermap Chairman and CEO.
All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.

Intermap Wins Contract with Major Telecom Provider in Vietnam

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星期四, 四月 6, 2023

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DENVER, April 06, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced a contract with a major telecommunications provider in Vietnam to provide a suite of data products and services to support the geospatial infrastructure for network expansion.

Key Points:

By utilizing advanced geospatial data collection methods, Intermap will generate highly accurate and detailed 3D models of terrain, buildings and other structures in over 70 cities and towns throughout Vietnam.
These models enable visualization of obstacles to provide a comprehensive understanding of the environment and factors affecting signal propagation and interference.
Using Intermap’s precision data, telecom operators design customized solutions to upgrade their networks.
“Upgrading telecommunications networks has traditionally been a complex and resource-intensive process,” said Patrick A. Blott, Intermap Chairman and CEO.

Intermap Announces Subscription Renewal with Autonomous Aviation Customer

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星期一, 四月 3, 2023

Intermap and Lufthansa Systems co-developed Lido SurfaceData NEXTView (NEXTView) and certified it with the European Union Aviation Safety Agency (EASA) for use in commercial avionics.

Key Points:

Intermap and Lufthansa Systems co-developed Lido SurfaceData NEXTView (NEXTView) and certified it with the European Union Aviation Safety Agency (EASA) for use in commercial avionics.
NEXTView provides highly accurate elevation data to support autonomous aircraft landing and UAV operations as well as Terrain Avoidance and Warning Systems (TAWS) and Synthetic Vision Systems (SVS) in traditional aircraft.
It is the only global elevation dataset certified for aviation, with a Type-1 certification from the EASA, the European equivalent of the Federal Aviation Administration (FAA) in the United States.
“Our aviation surface data brings critical information to the unmanned aviation industry,” said Patrick A. Blott, Intermap Chairman and CEO.

Intermap Announces $1 Million Subscription by Major Insurance Client

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星期四, 三月 30, 2023

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DENVER, March 30, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced a $1 million cornerstone multi-year renewal of its InsitePro® insurance software. The new subscription is InsitePro’s largest single contract to date and delivers a 130% increase in monthly recurring revenue (MRR) over the previous subscription. This growth correlates with increasing market demand for reliable data and tools to accurately measure and monetize climate risk and the business growth InsitePro delivers for its clients.

Key Points:

The new subscription is InsitePro’s largest single contract to date and delivers a 130% increase in monthly recurring revenue (MRR) over the previous subscription.
InsitePro is a Software as a Service package that delivers property-specific underwriting analytics for flood insurance anywhere in the U.S. and Canada.
InsitePro’s subscription revenue has grown at a 15% CAGR since 2018, which corresponds with the growth of the U.S. private flood insurance market it predominantly serves.
“InsitePro delivers the necessary geospatial analytics to enable new entries into flood insurance and reliable growth for market incumbents.

Intermap Reports Strong 2022 Financial Results

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星期二, 三月 28, 2023

DENVER, March 28, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced financial results for 2022.

Key Points:

Recurring revenue grew to 57% of total revenue, an increase of 9% over 2021
DENVER, March 28, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced financial results for 2022.
For the year ending December 31, 2022, the Company reported revenue of $6.8 million, compared with $5.8 million the previous year.
Intermap demonstrated 60% growth in the third quarter as COVID restrictions relaxed globally, which continued into the fourth quarter.
Intermap was awarded $813,000 in new, programmatic, non-acquisition GEOINT-related government contracts in 2022, representing a 67% increase over the previous year.

Intermap Extends European Flood Risk Solution

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星期三, 三月 15, 2023

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DENVER, March 15, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced that its partner, NEMO Report, has signed a contract with the largest real estate broker in the Czech Republic, M&M Reality Holding (“M&M Reality”), to offer real estate brokers access to Intermap’s flood risk information in the Czech Republic.

Key Points:

Statistically, every fourth property in the Czech Republic is located in a zone with a higher or lower degree of flood risk.
NEMO Report is setting a new standard in the Czech market for verifying available risk information for properties.
Intermap’s flood risk solution for property valuation is now being offered to 2,000 real estate brokers through M&M Reality.
“Intermap’s risk data is obtained from the NEMO Report property risk database so we can offer accurate property risk valuation to clients.

Intermap Adds $1.3 Million in European Insurance Contracts

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星期二, 三月 14, 2023

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DENVER, March 14, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced multiple European insurers have agreed to expand their five-year contracts with an aggregate additional value of over $1.3 million for Intermap's flood risk software, geocoding analytics and a new generation of precision flood hazard maps for Slovakia. $700,000 of the new contracts are signed; $600,000 has been awarded and is being finalized.

Key Points:

$700,000 of the new contracts are signed; $600,000 has been awarded and is being finalized.
“We’re pleased to see our solutions spread across Europe,” said Patrick A. Blott, Intermap Chairman and CEO.
“Intermap’s global insurance solutions leverage unmatched datasets and global consistency, delivering rapid updates anywhere in the world.
Our data and analytics enable insurers to provide insurance coverage that reflects current flood risk, empowering insurance companies to optimize flood risk assessment with the same confidence in all countries where they operate.

Intermap Adds Two Patents to Innovative Portfolio

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星期三, 三月 8, 2023

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DENVER, March 08, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced the award of two patents, expanding its portfolio of intellectual property and innovative AI/ML solutions.

Key Points:

DENVER, March 08, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced the award of two patents, expanding its portfolio of intellectual property and innovative AI/ML solutions.
Intermap is developing AI/ML-driven inputs to this patented process, such as automatic target detection, to enhance its terrain models.
“Intermap continues to expand its portfolio of IP and innovative solutions,” said Patrick A. Blott, Intermap Chairman and CEO.
All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.

Intermap Awarded Contract for EDF Hydro Power Projects in South America

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星期二, 三月 7, 2023

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DENVER, March 07, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced it has been awarded a contract for high-resolution NEXTMap® digital terrain models to support EDF Hydro ("EDF") with hydro power projects in South America.

Key Points:

DENVER, March 07, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced it has been awarded a contract for high-resolution NEXTMap® digital terrain models to support EDF Hydro ("EDF") with hydro power projects in South America.
EDF has been a world leader in hydro power design, development and operation for over 70 years.
Intermap’s NEXTMap digital terrain models (DTMs) enable EDF to perform hydro power feasibility studies, project modeling and preliminary engineering for multiple prospective hydro power projects in South America.
“We are proud to enable and support development of hydro power in South America to harness its benefits and create a cleaner and more prosperous future.

Intermap wins new North American Insurance Software Contracts

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星期四, 三月 2, 2023

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DENVER, March 02, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced continued growth of its North American insurance software business with strong renewals and upsells of InsitePro® subscriptions.

Key Points:

DENVER, March 02, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced continued growth of its North American insurance software business with strong renewals and upsells of InsitePro® subscriptions.
InsitePro is a Software as a Service package that delivers property-specific underwriting analytics for flood insurance anywhere in the U.S. and Canada.
“InsitePro is off to a strong start in 2023, driven by insurance losses across the U.S. over the past 12 months,” said Patrick A. Blott, Intermap Chairman and CEO.
All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.