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Intermap Technologies Corp A (ITMSF) is a global leader in 3D geospatial products and intelligence solutions. The company recently announced infrastructure projects in Greece and Malawi, leveraging AI/ML advancements. In Greece, they provide 3D precision elevation data to the Greek Ministry of Agriculture, enhancing agriculture studies and decision-making. In Malawi, Intermap supplies 3D digital terrain models for watershed services improvement and disaster management projects, empowering hydrometeorological techniques and river basin management practices.
Intermap's commitment to disaster risk reduction and sustainable development is evident through its geospatial intelligence solutions. By providing cutting-edge data, the company supports nations like Malawi in building resilient infrastructure. Their projects in Indonesia, including precise geospatial foundation data, demonstrate Intermap's dedication to delivering world-class models and enhancing risk assessment capabilities for their clients.
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Intermap Technologies announced the closing of a private placement for aggregate proceeds of C$885,000 to partially fund pursuit costs associated with upcoming government contracts in the United States and abroad. The Private Placement included two tranches, with the first tranche consisting of the issuance of 1,650,000 units and the second tranche consisting of the issuance of 120,000 units, of which 20,000 units were acquired by insiders. Each unit consists of one Class A common share of the Company issued at a price of C$0.50 and one common share purchase warrant. The exchange rate used to calculate the USD equivalent exercise price for each the Warrants and the Finder Warrants was the Bank of Canada’s latest published rate for the business day immediately prior to the issuance of same.
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Intermap Technologies (TSX: IMP; OTCQB: ITMSF) successfully closed a private placement, raising C$1,205,624.75. The funds will be used to prepare for upcoming government contracts. Each unit issued includes one common share and one transferable common share purchase warrant. The company also issued Finder Warrants to certain finders. All securities issued are subject to a 4-month hold period.
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Intermap Technologies (TSX: IMP; OTCQB: ITMSF) collaborates with Twinn by Royal HaskoningDHV to offer enhanced flood, natural hazard, and climate change data to the global insurance industry, expanding risk assessment capabilities and transforming services for informed decision-making. The global risk analytics market size is estimated at US$39.3 billion in 2022 and expected to grow to US$70.5 billion by 2027 with a CAGR of 12.4%.
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Intermap Technologies (TSX: IMP; OTCQB: ITMSF) reported third-quarter results, with revenue of $1.5 million, a 35% increase in subscription-based revenue year-over-year, and a 46% increase in subscription revenue year-over-year. The company remains focused on providing geospatial data in exploitation formats for commercial and government applications. Loss for the third quarter improved to $(0.8) million, and cash on the balance sheet has risen from $265 thousand to $332 thousand. Intermap won significant contracts across various markets, including space infrastructure, property intelligence analytics, and moon landing simulations.
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Intermap Technologies will provide high-resolution digital terrain models for flood hazard modeling in the Greater Lomé region in Togo, strengthening flood resilience and risk management. The partnership with Twinn by Royal HaskoningDHV supports this critical project. Intermap's precision data reinforces Twinn's technology for flood and climate risk management worldwide.
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Intermap Technologies announces strong recurring revenue growth with InsitePro insurance solution
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Intermap Technologies announces contract to supply high-precision elevation data to global spacecraft/launch/communications operator
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Intermap Technologies has announced a partnership with CAPE Analytics to enhance its AI-powered geospatial property intelligence. Intermap's digital surface models will be integrated into CAPE's property intelligence software, providing specific property and parcel attributes for analysis.
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FAQ
What is the current stock price of INTERMAP TECHS A (ITMSF)?
The current stock price of INTERMAP TECHS A (ITMSF) is $1.235 as of November 22, 2024.
What is the market cap of INTERMAP TECHS A (ITMSF)?
The market cap of INTERMAP TECHS A (ITMSF) is approximately 51.2M.
What is Intermap Technologies Corp A known for?
Intermap Technologies Corp A is a global leader in 3D geospatial products and intelligence solutions, providing innovative solutions for various projects worldwide.
What recent projects has Intermap Technologies Corp A been involved in?
Intermap Technologies Corp A recently announced infrastructure projects in Greece and Malawi, providing 3D precision elevation data for agriculture studies in Greece and digital terrain models for disaster management projects in Malawi.
How does Intermap Technologies Corp A contribute to disaster risk reduction?
Intermap Technologies Corp A supports global initiatives aimed at disaster risk reduction and sustainable development by providing cutting-edge geospatial intelligence solutions, empowering nations like Malawi to build resilient infrastructure.
What sets Intermap Technologies Corp A apart in the industry?
Intermap Technologies Corp A stands out in the industry by delivering world-class models and enhancing risk assessment capabilities for their clients through precise geospatial foundation data and cutting-edge geospatial intelligence solutions.
What is Intermap Technologies Corp A's commitment to sustainable development?
Intermap Technologies Corp A is committed to supporting global initiatives aimed at sustainable development through the provision of innovative geospatial intelligence solutions that empower nations to thrive in the face of environmental changes.
INTERMAP TECHS CORP A