Intermap CEO Participates in Interview with Proactive Investors

Rhea-AI Summary

Intermap Technologies (OTCQX: ITMSF) announced a positive outlook in an interview with Proactive Investors, emphasizing the anticipated adoption of its software solutions and elevation data-as-a-service (EDaaS) by large commercial customers as the economy recovers. The company's CEO, Patrick A. Blott, noted a quick recovery in the aviation sector and an expected resurgence in government contracts post-pandemic, with U.S. and allied governments being their largest customer segment. This suggests potential growth in key sectors for Intermap.

Positive

• Large commercial customers are expected to adopt software solutions and EDaaS.
• Quick recovery anticipated in the aviation sector.
• Resurgence in government contracts expected post-pandemic.

Negative

• None.

Optimistic on Large Commercial Customers Adopting Software Services

DENVER, May 5, 2021 /PRNewswire/ - Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) ("Intermap" or the "Company"), a global leader in geospatial intelligence solutions, today announced an interview with Proactive Investors to discuss the Company's business outlook.

Watch the interview here.

Intermap's Chairman and CEO, Patrick A. Blott, highlighted how the Company sees large commercial customers adopting its software solutions and elevation data-as-a-service (EDaaS) as the economy opens up. Mr. Blott also sees the aviation sector recovering quickly, along with a resurgence in government contracts after the coronavirus pandemic had delayed many programs. U.S. and allied governments represent Intermap's largest customer segment.

Intermap is listed on the TSX in Toronto under the symbol IMP and traded on the OTCQX in New York under the symbol ITMSF.

Visit intermap.com for more information.

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. The Company's proprietary 3D NEXTMap® elevation datasets and value-added geospatial collection, processing, analytics, fusion and orthorectification software and solutions are utilized across a range of industries that rely on accurate, high-resolution elevation data. Intermap helps governments build authoritative geospatial datasets and provides solutions for base mapping, transportation, environmental monitoring, topographic mapping, disaster mitigation, smart city integration, public safety and defense. The Company's commercial applications include aviation and UAV flight planning, flood and wildfire insurance, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation. For more information, please visit www.intermap.com.

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SOURCE Intermap Technologies Corporation

FAQ

What is the latest news about Intermap Technologies (ITMSF)?

Intermap Technologies recently shared a positive business outlook, expecting large commercial clients to adopt its software solutions as the economy opens.

How is the aviation sector recovering for Intermap (ITMSF)?

Intermap's CEO indicated that the aviation sector is recovering quickly, which could boost the company's revenue.

What are the expectations for government contracts for Intermap (ITMSF)?

Intermap expects a resurgence in government contracts after delays caused by the pandemic, which could positively impact their financial performance.