Intermap Techs A (ITMSF) Stock News

Intermap Technologies (OTCQB: ITMSF) appointed Terry Ryan to its board of directors, bringing experience in defense technology and geospatial intelligence.

Ryan previously served as CEO and director of Constellis and remains its executive vice chairman. His experience includes executive roles at Tenax Aerospace and other defense technology companies, as well as positions on U.S. congressional intelligence committee staffs and in the Department of Defense.

Philippe Frappier stepped down as a director to facilitate Ryan’s appointment before the next annual shareholder meeting. Frappier will remain a board observer and advisor during the interim period. The company expects him to be nominated for election alongside the existing directors at the next annual meeting.

Intermap Technologies (ITMSF) completed its acquisition of PCI Geomatics, operating as CATALYST, using $7.7 million in cash to close the transaction.

Intermap acquired all PCI shares it did not already own following shareholder approval and a final court order. The acquisition adds optical image processing and distributed edge processing, which brings computing closer to customers. Intermap expects recurring revenue to double and plans to expand access to its data and analytics through cloud applications and software interfaces.

For the year ending December 31, 2027, Intermap expects $12–$15 million in commercial revenue and approximately $5 million in Adjusted EBITDA, a non-GAAP earnings measure excluding certain expenses. Government procurements, including Indonesia, are excluded because award timing is uncertain. Available liquidity at closing was approximately $14 million. All amounts are in U.S. dollars.

Intermap Technologies (ITMSF) received PCI Geomatics shareholder approval to acquire the PCI shares it does not already own.

At a September 25, 2026 meeting, the resolution received 99.99% of votes cast by PCI shareholders as a single class. It also received 99.99% of common-share votes cast excluding certain officers and directors, and 100% of votes cast in each of the Series B first preferred and special share classes.

The acquisition remains subject to a final order from the Ontario Superior Court of Justice and satisfaction or waiver of conditions in the arrangement agreement. The court hearing was anticipated for September 28. Intermap expects to complete the acquisition in mid-October 2026, subject to those requirements.

Intermap Technologies (ITMSF) signed a three-year subscription agreement with Colonnade Insurance S.A. for an integrated flood risk and property valuation solution. Colonnade, a non-life insurer owned by Fairfax Financial Holdings, will use Intermap’s platform to assess flood exposure, market value and replacement value within a single digital workflow, aiming to improve residential underwriting, portfolio review and customer-facing processes. The subscription will launch in the Czech Republic, with planned expansion to Slovakia and Hungary in 2027 and an objective to extend coverage more broadly across Colonnade’s Central and Eastern European operations by 2028. Intermap’s offering combines proprietary, public and commercial datasets with a 3D geospatial foundation covering more than 300 million square kilometers in over 150 countries, supporting a repeatable enterprise subscription model and the company’s strategy to grow recurring insurance analytics revenue globally.

Intermap Technologies (OTCQB: ITMSF) appointed former senior U.S. diplomat and Army Special Forces officer John T. McNamara to the Board of Advisors of Intermap Federal Services. He brings more than four decades of leadership in diplomacy, defense and international affairs, including service as Chargé d'Affaires in Colombia and Venezuela and Chief of Mission to the Dutch Caribbean.

According to Intermap, McNamara will advise on strategic growth, government partnerships and international programs as the Company expands its federal and allied nation geospatial intelligence business, built on proprietary 3D terrain data and AI-driven analytics.

Intermap Technologies (OTCQB: ITMSF, TSX: IMP) reported second quarter 2026 revenue of $2.0 million, down from $3.0 million a year earlier, with first-half 2026 revenue of $3.4 million versus $7.3 million in 2025, primarily due to no Acquisition Services revenue while Indonesian follow-on awards remain pending.

Value-added Data revenue rose to $0.7 million from $0.3 million, while Software and Solutions revenue held at $1.3 million and software prepaid revenue grew 35%. Net loss increased to $2.1 million ($0.03/share) from $0.8 million ($0.02/share), and adjusted EBITDA was negative $1.4 million versus negative $0.3 million.

Intermap announced a definitive agreement to acquire PCI Geomatics, expected to close by end of September 2026, to create a vertically integrated geospatial intelligence platform. The company invested about $2.2 million year-to-date in airborne, sensor, processing and AI technologies and highlighted growing commercial risk and government pipelines across multiple regions.

Intermap Technologies (OTCQB: ITMSF; TSX: IMP) announced the appointment of J. Michael Rolland to its Board of Directors. Rolland brings decades of experience financing strategically important global infrastructure, including telecommunications, satellite systems, aviation and other regulated sectors, and has led major pension and infrastructure investment platforms.

According to Intermap, his background as former CEO of the Ontario Municipal Employees Sponsors Corporation (OMERS) and past roles as CIO of OMERS Private Markets, President and COO of OMERS Asia Pacific, and CEO of Borealis Infrastructure are expected to support the Company’s efforts to expand its financing toolkit, broaden access to capital, grow its geospatial intelligence platform, and pursue global growth opportunities.

Intermap Technologies (OTCQB: ITMSF, TSX: IMP) will release its second quarter 2026 financial results after market close on August 13, 2026. Management, including Chairman and CEO Patrick A. Blott and CFO Jennifer Bakken, will host a live webcast at 5:00 pm ET the same day to review results and answer investor questions.

According to the company, a replay of the webcast and supporting materials will be made available on Intermap’s investor relations webpage following the event. The company also includes customary forward-looking statement cautions and highlights its geospatial intelligence business and global 3D data coverage.

Intermap Technologies (OTC: ITMSF) entered a definitive arrangement agreement to acquire all remaining shares of PCI Geomatics Group (CATALYST) for $11 million in cash. Intermap already holds all Series B preferred shares and 3.3% of PCI common shares, and will consolidate full ownership under the Canada Business Corporations Act.

PCI contributes more than 750 image-processing algorithms, supports imagery from 500+ satellites, and is embedded in thousands of workflows. According to Intermap, the combined platform will offer edge-enabled SAR, optical and GEOID processing and is expected to be immediately accretive to commercial revenue growth, EBITDA, earnings and cash flow, with about 60% pro forma revenue anticipated from recurring subscriptions and repeat licenses. The deal has unanimous board approval and voting support agreements covering 81.25% of PCI shares eligible to vote, but still requires PCI shareholder and court approvals and satisfaction of customary closing conditions.