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Video game DENVER, May 21, 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 a contract with one of the top 5 video game developers to provide custom digital surface models (DSMs) for the creation of realistic in-game environments.
Key Points:
- By leveraging Intermap’s NEXTMap® 3D DSMs, video game developers can depict terrain as it exists in real life, enhancing the authenticity of the user experience.
- The consistency and accuracy of Intermap’s data reduce the time and effort required by designers to achieve environments that closely resemble real life.
- “The demand for high-quality, real data and images is driving the growth of 3D mapping and modeling in the gaming industry,” said Patrick A. Blott, Intermap Chairman and CEO.
- Our expertise in real 3D geospatial data, augmented by our AI/ML-driven application layers, provides enhanced value extraction and unlocks new realms of creativity for developers.
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TSX DENVER, May 15, 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 the expansion of its contract with a global spacecraft/launch/communications operator to supply its high-precision 3D NEXTMap® elevation data for additional areas of operation.
Key Points:
- Further to the announcement in September last year, Intermap’s data contract has been expanded to include more operation sites for RF interference modeling.
- The Company leverages its commercial archive of 3D data and proprietary AI/ML software and processing algorithms to enable clients with critical as-a-service infrastructure to address terrain and space-based challenges.
- This expansion marks another milestone for Intermap as it continues to extend its global footprint and empower clients with actionable geospatial insights.
- “This expansion of our space infrastructure data exploitation contract underscores our commitment to providing precise, reliable 3D data to enhance simulation capabilities, ensuring regulatory compliance and bolstering global situational awareness,” said Patrick A. Blott, Intermap Chairman and CEO.
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Video game DENVER, May 09, 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 42% revenue growth in the first quarter of 2024. For the period ending March 31, 2024, the Company reported revenue of $1.7 million, compared with $1.2 million for the fourth quarter of 2023. Additionally, deferred revenue increased by $2.6 million, driven primarily by the receipt of initial payments from the Indonesian government. Adjusted for upfront payments, which were invested to upgrade Intermap’s sensor, processing and airborne platforms, revenue and incremental deferred revenue of $2.6 million (totaling $4.3 million) was up 154% compared with the first quarter of 2023. For IFRS reporting, deferred revenue represents cash payments from customers that are recognized in the P&L over time as program costs are incurred.
Key Points:
- DENVER, May 09, 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 42% revenue growth in the first quarter of 2024.
- For the period ending March 31, 2024, the Company reported revenue of $1.7 million, compared with $1.2 million for the fourth quarter of 2023.
- Last year, Intermap experienced a delay in the award of key government contracts, reducing its revenue from government customers.
- In the first quarter, software and solutions revenue totaled $0.9 million, an 8% increase over the previous quarter.
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Person DENVER, April 11, 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 KBC Slovakia and UNIQA Slovakia have signed multiyear subscriptions to its Aquarius RMA software and the latest generation of flood risk solutions for Slovakia.
Key Points:
- KBC Slovakia is a major insurer in the Slovakia insurance and financial markets.
- Leveraging state-of-the-art flood modeling technology, Intermap’s Aquarius RMA software includes precision flood risk maps, providing comprehensive insights into flood vulnerability to help insurers effectively underwrite flood insurance.
- “The latest flood maps from Intermap allow us to map flood exposure more accurately and underwrite quality property insurance,” said Martin Rotkovský, Member of Board, Corporate & Affinity at UNIQA Czech Republic and Slovakia.
- “Our precision flood hazard maps enhance our customers’ risk assessment capabilities so they can provide tailored insurance solutions to their clients.
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Person 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.
Key Points:
- 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.
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Person 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.
Key Points:
- 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.
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Person DENVER, March 25, 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 a $1 million program in Malaysia, an update on its Indonesian mapping program and strong growth in its global insurance business.
Key Points:
- Intermap won a $1 million contract in Malaysia to enhance water resources management.
- Intermap has earned more than $15 million under Malaysia’s current basemap program and expects awards to continue as post-COVID budgets reallocate discretionary resources back towards these urgent strategic requirements.
- “Our partnership with the Malaysian government and business community underscores Intermap’s commitment to leveraging our unique technology to address critical environmental challenges,” said Patrick A. Blott, Intermap Chairman and CEO.
- Intermap has received the first payment for the Indonesian mapping program and has made significant progress in project preparations and deployment.
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Tuesday, January 23, 2024
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Surveying DENVER, Jan. 23, 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 it has won a $20 million contract to map the Island of Sulawesi, Indonesia in 2024 (the “Contract”). The Contract is the first phase of the Indonesian national topographic basemap program to create a national digital basemap as part of the One Map program backed by Presidential Decree. Under the One Map program’s approved technical specifications, the government will collect airborne IFSAR-derived elevation data and cloud-free radar imagery for the entire country at resolutions suitable for 1:5,000 scale mapping. The first phase awarded today represents 10% of the country’s land area and 10% of the One Map program. Work on the remaining 90% is expected over the subsequent four years.
Key Points:
- The Contract is the first phase of the Indonesian national topographic basemap program to create a national digital basemap as part of the One Map program backed by Presidential Decree.
- Together, the companies provide an unparalleled mapping solution for this first phase of the Indonesian national mapping program and future work under the One Map program.
- “This major contract in Indonesia highlights the value of our decades of experience, commercialization expertise and technological development,” said Patrick A. Blott, Intermap Chairman and CEO.
- IFSAR technology is the only mapping solution that offers cloud-penetrating and foliage-penetrating capabilities at the resolutions required to achieve 1:5,000 scale mapping.
Retrieved on:
Tuesday, January 16, 2024
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Security (finance) DENVER, Jan. 16, 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 the closing of a private placement (the “Private Placement”) for aggregate proceeds of C$885,000.
Key Points:
- DENVER, Jan. 16, 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 the closing of a private placement (the “Private Placement”) for aggregate proceeds of C$885,000.
- “This funding will partially fund pursuit costs associated with upcoming government contracts in the United States and abroad.”
Under the Private Placement, Intermap also issued 81,000 warrants (“Finder Warrants”) to certain finders.
- The Toronto Stock Exchange conditionally approved the Private Placement and the listing of the Shares issued thereunder and the Shares issuable upon exercise of the Warrants prior to closing the Private Placement.
- Forward-looking information or statements in this news release include the use of proceeds from the Private Placement and the impact of such proceeds on the business of Intermap.
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Security (finance) DENVER, Dec. 01, 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 the closing of its previously announced private placement (the “Private Placement”).
Key Points:
- DENVER, Dec. 01, 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 the closing of its previously announced private placement (the “Private Placement”).
- “As we seek to create shareholder value, we remain attentive to costs and sensitive to dilution.”
Under the Private Placement, Intermap also issued 90,300 warrants (“Finder Warrants”) to certain finders.
- The Toronto Stock Exchange conditionally approved the Private Placement and the listing of the Shares issued thereunder and the Shares issuable upon exercise of the Warrants prior to closing the Private Placement.
- Forward-looking information or statements in this news release include the use of proceeds from the Private Placement and the impact of such proceeds on the business of Intermap.
