Intermap Announces Subscription Renewal for Telecom Analytics

Rhea-AI Summary

Intermap Technologies (OTCQX: ITMSF) announced a 33% annual increase in its NEXTWave™ telecom analytics subscription from a major mobile phone and internet services provider. This client has significantly expanded its use of Intermap's RF link profile analytics by 191% since 2019, showcasing the growing demand for accurate data in 5G network planning. Intermap's chairman emphasized the company's capability to meet increasing telecom needs with reliable analytics.

Positive

• 33% annual increase in subscription revenue for NEXTWave™
• Client's RF link profile usage increased by 191% since 2019
• Intermap's analytics support growing 5G infrastructure demands
• Development of new custom features for clients enhances service value

Negative

• None.

Long-term customer increases annual NEXTWave™ subscription by 33%

Intermap's accurate, reliable analytics support next-generation network planning

DENVER, Sept. 14, 2022 /PRNewswire/ - Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) ("Intermap" or the "Company"), a global leader in 3D geospatial data and intelligence solutions, today announced a leading mobile phone, internet services and IPTV provider, renewed its subscription for NEXTWave™ telecom analytics with a 33% annual rate increase.

Intermap's telecom client has increased its RF link profile usage by 191% since its first subscription in 2019. With this two-year subscription renewal, the client will use the NEXTWave platform to integrate on-demand RF link profiles analytics into its workflow. This renewal reflects the increase in demand for NEXTWave telecom analytics and its value in the network planning process.

"Intermap's NEXTWave telecom analytics support next-generation network planning, leveraging proprietary data and analytics in real-time anywhere in the world," said Patrick A. Blott, Intermap's Chairman and CEO. "The global communications network continues to grow with the deployment of 5G networks, driving the demand for accurate planning tools. Intermap is uniquely positioned to meet this demand with powerful, flexible, reliable and accurate elevation analytics that are provided as a service on a global basis."

There is growing demand for 5G networks around the world. Telecommunications companies require accurate data and line-of-sight analytics to implement infrastructure to support these networks. Radio frequency (RF) link profiles offer this analysis based on signal propagation algorithms, which enable service providers to evaluate tower placement and signal reach to customers. The RF link profiles assist the client with management, expansion and deployment of telecom services country wide.

The client has been using Intermap's NEXTWave telecom analytics since 2019 and a user of the Company's earlier generation telecom application. Intermap has developed new custom features to meet the requirements of its customers. This includes expanded import/export functions, mass point analysis, informative charts, built-in coordinate converter and the ability to change profile parameters on the fly. Intermap's NEXTWave telecom analytics continue to evolve to meet the needs of service providers.

Learn more about Intermap's telecom solution at intermap.com/telecom.

Intermap Reader Advisory

Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", "will be", "will consider", "intends" and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap's forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap's Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. 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. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

About Intermap Technologies

Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQX: ITMSF) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the Company provisions diverse, complementary, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap's 3D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world's largest collection of multi-sensor global elevation data, the Company's collection and processing capabilities provide multi-source 3D datasets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap's products and solutions include defense, aviation and UAV flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation.

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SOURCE Intermap Technologies Corporation

FAQ

What recent development occurred with Intermap Technologies on September 14, 2022?

Intermap Technologies announced a 33% annual increase in its NEXTWave™ telecom analytics subscription from a major client.

What does the NEXTWave™ telecom analytics subscription provide?

NEXTWave™ offers accurate RF link profile analytics essential for planning and deploying 5G network infrastructure.

How much has the client increased its use of Intermap's services since 2019?

The client has increased its RF link profile usage by 191% since beginning its subscription in 2019.

How is Intermap Technologies positioned in the telecom analytics market?

Intermap is positioned as a leader in telecom analytics, catering to the growing demands of 5G network planning with reliable data.

What are some new features added to NEXTWave™ for clients?

New features include expanded import/export functions, mass point analysis, and the ability to change profile parameters in real-time.