INTERMAP TECHS CORP A - ITMSF STOCK NEWS

Intermap Technologies announced the renewal of a subscription with a major U.S. fixed wireless broadband provider for its NEXTWave™ telecommunications analytics platform. This renewal underscores the sustained value of NEXTWave in network planning and optimization.

Powered by Intermap's 3D digital surface and terrain models, NEXTWave offers fast and reliable line-of-sight and radio frequency signal propagation analyses between transmitters and antennas. It supports efficient network deployment by allowing network planners to explore new geographic markets, plan infrastructure placement, and compare antenna frequencies without purchasing elevation data. This results in significant cost and time savings.

Intermap's tools enable operators to be more efficient and competitive, utilizing high-resolution elevation data to model signal propagation accurately. This renewal highlights NEXTWave's role in supporting low latency networks and enhancing operational efficiency.

Intermap Technologies (TSX: IMP; OTCQB: ITMSF), a leader in 3D geospatial products, has secured a contract with a top 5 video game developer to provide custom digital surface models (DSMs). These 3D DSMs will enhance in-game realism by depicting terrain accurately, reducing design time, and cost.

Intermap's NEXTMap® 3D DSMs streamline the creation of realistic gaming environments, allowing developers to quickly market new games. The integration with reference sources like imagery offers substantial efficiency benefits.

The 3D mapping and modeling market in gaming is expected to grow from $5.86 billion in 2023 to $15.62 billion in 2031, with a CAGR of 13%. This contract underscores the importance of real 3D elevation data in the gaming industry's evolution.

Intermap Technologies (TSX: IMP; OTCQB: ITMSF) announced the expansion of its contract with a global spacecraft/launch/communications operator. The contract now includes additional operation sites for RF interference modeling, leveraging Intermap's high-precision 3D NEXTMap® elevation data and proprietary AI/ML software. This expansion aims to support high-growth space communications, enhancing simulation capabilities, ensuring regulatory compliance, and providing actionable geospatial insights. This marks a significant milestone in Intermap's continued global expansion and commitment to delivering precise 3D data to commercial enterprises.

Intermap Technologies announced a 42% revenue growth in the first quarter of 2024, with recurring revenue contributing significantly. The Company received initial payments for the Indonesian mapping program. Intermap affirmed revenue projections for 2024 of $16-18 million with an EBITDA margin of around 25%. The Company is focused on building geospatial foundation data for Indonesia and expanding its government segment. Additionally, Intermap won several key contracts and anticipates further growth opportunities in Southeast Asia.

Intermap Technologies announces KBC Slovakia and UNIQA Slovakia sign multiyear subscriptions for flood risk solutions in Slovakia, enhancing underwriting capabilities.

Intermap Technologies partners with ALVO to provide 3D precision elevation data for agriculture projects in Greece and Malawi, leveraging AI/ML technology.

Intermap Technologies reports 2023 financial results and 2024 guidance. The company saw a 25% growth in software and solutions revenue, with projections of $20-25 million in bookings, $16-18 million in revenue, and a 25% adjusted EBITDA margin for 2024. Despite revenue decline due to delays in government contracts and pandemic-related restrictions, Intermap remains optimistic about its high-growth, high-margin services model.

Intermap Technologies announces a $1 million program in Malaysia to enhance water resources management, progress in the Indonesian mapping program, and strong growth in its global insurance business. The company leverages advanced AI/ML-driven automation to provide geospatial solutions, updates currency and hydrological datasets, and aims to drive economic growth through national digital infrastructure. Intermap's global insurance business shows strong growth in 2024 with awards reaching $1 million and a projected CAGR of over 20% in the coming years.

Intermap Technologies has won a $20 million contract to map 10% of the Island of Sulawesi, Indonesia in 2024, as part of the One Map program. The contract is expected to be followed by task orders to map the remaining 90% over the subsequent four years. The company's proprietary IFSAR technology enables a unique country-wide mapping solution to achieve unprecedented specifications. The contract represents one of the largest single-source topographic mapping programs ever and demonstrates that national mapping agencies value Intermap's unique airborne, native-3D Interferometric Synthetic Aperture Radar (IFSAR) collection, high-quality elevation data, and rapid processing technology.