Welcome to our dedicated page for Intermap Technologies news (Ticker: ITMSF), a resource for investors and traders seeking the latest updates and insights on Intermap Technologies stock.
Intermap Technologies Corporation (OTCQB: ITMSF; TSX: IMP) is a geospatial intelligence company focused on 3D terrain data, elevation models and AI‑driven analytics. The news flow around Intermap highlights how its technology is applied in government programs, insurance risk modeling and national geospatial data infrastructure.
On this page, readers can follow ITMSF news related to large‑scale government contracts, such as Indonesia’s Integrated Land Administration and Spatial Planning Project and Malaysia’s National Flood Forecasting and Warning Program. Updates often cover tender processes, project milestones, and awards for supplying high‑resolution Digital Elevation Model (DEM) data and related services for flood forecasting, hydrological databases and spatial planning.
Intermap’s news also features developments in its global insurance business, including adoption of its AI risk assistant platforms across Europe and renewals with insurance and reinsurance customers. These updates describe how high‑resolution elevation data and AI‑enabled tools support flood risk assessment, catastrophe modeling, underwriting analytics and portfolio management.
Investors can track earnings releases, operating results and financing activities, including quarterly results, base shelf prospectus filings and capital raises that support expansion of offerings and pursuit of strategic contracts. Regulatory and corporate governance items, such as auditor appointments, annual general meeting voting results and board changes, are also reflected in the company’s news releases.
By reviewing Intermap news, users gain insight into how the company’s 3D geospatial products, software analytics and AI‑driven risk tools are being deployed across defense, civil government and commercial insurance markets. Bookmark this page to monitor ongoing contract activity, product updates and regulatory disclosures that shape the ITMSF story over time.
Intermap Technologies (OTCQX: ITMSF) announced its first task orders under the U.S. Defense Department's JANUS contract, completing the initial order within 48 hours. This contract, valued at up to $920 million, involves delivering geospatial intelligence using advanced AI/ML technology. The company aims to support the U.S. DOD's precision warfare initiatives with timely geospatial insights. Expected future task orders are anticipated through 2023, highlighting Intermap's strategic role and potential revenue growth in the defense sector.
Intermap Technologies announced a new flood modeling initiative in Thailand, focused on the greater Bangkok area. The project utilizes satellite imagery and radar data to create detailed flood maps and improved Digital Elevation Model (DEM) datasets. These tools aim to enhance urban planning and risk management in response to increasing flooding due to urban expansion.
The initiative incorporates historical rainfall data and predictive models to assess flood risks, aiding various sectors such as insurance and disaster response. Intermap's expertise in geospatial data positions it to deliver significant insights in this climate-affected region.
Intermap Technologies (OTCQX: ITMSF) has secured a government contract in Malaysia to deliver 3D elevation data for pollution assessment in the Skudai River. This project is crucial for controlling pollution that affects the Johor River basin, which supplies about 40% of Singapore's fresh water. Intermap's advanced technology uniquely penetrates cloud cover, essential for effective environmental protection and climate resilience initiatives. The company aims to support various applications, including renewable energy planning and sustainable land management, leveraging its extensive geospatial data archive.
Intermap Technologies announces a significant increase in its InsitePro® insurance subscription revenue, expecting a 30% rise in full-year revenue for 2022 compared to 2021. The $1 million subscription is driven by a 50% growth in data utilization from key clients, including top U.S. insurers. InsitePro, which delivers risk analytics for flood and fire insurance, has shown its value during recent disasters, ensuring client loyalty and extended contracts. The U.S. flood market holds over $5 billion in unwritten premium annually, presenting a substantial growth opportunity.
Intermap Technologies (OTCQX: ITMSF) reported a remarkable 64% revenue growth for the nine months ending September 30, 2022, totaling $5.6 million. The latest quarter saw a 50% increase in subscription revenue, which now constitutes 46% of total revenue, underpinned by new pre-paid software subscriptions. Although the company affirmed its full year revenue growth guidance of 15% - 20%, quarterly revenue declined to $1.2 million due to booking delays from government transitions.
Intermap Technologies has announced a new contract with Skyroads AG and cloudeo AG, integrating its certified aviation terrain data, NEXTView™, into Skyroads' Automated Airspace Management and Vehicle Guidance System. This partnership aims to enhance safety and efficiency for autonomous vehicles navigating urban environments. NEXTView is the only aviation-certified terrain data on the market, ensuring safe UAV operations. The collaboration supports the growing demand for urban air mobility by providing critical technology for automated systems.
Intermap Technologies (OTCQX: ITMSF) announced multiyear contracts with members of the Czech Association of Insurers, valued at USD 3.1 million. The agreements include significant upfront payments and five-year recurring subscriptions for flood risk software, Aquarius RMA, and precision flood hazard maps. With the Czech insurance market valued at USD 7.9 billion and expected to grow at a CAGR of 6.5%, these contracts are projected to increase monthly recurring revenue by 21%. This move supports the industry's need for enhanced climate resilience amid increasing global flooding.
Intermap Technologies (OTCQX: ITMSF) announced it has joined the FGS LLC Team as a subcontractor for the U.S. Air Force's $950 million Advanced Battle Management System (ABMS) contract. This IDIQ contract has a five-year term and supports the development of Joint All Domain Command and Control (JADC2) systems. Additionally, Intermap delivered a favorable interim progress report under its U.S. Air Force Research Laboratory contract focused on GPS-independent navigation solutions. The ABMS program aims to enhance military connectivity and operational efficiency among various service branches.
Intermap Technologies (OTCQX: ITMSF) announced a partnership with Deloitte Advisory and Dataligence to offer a new solution for real estate price calculations aimed at insurance underwriting in the Czech market. This integration uses Intermap's Aquarius RMA service and Dataligence's Price Map Calculator to improve real estate data transparency. Generali Česká pojišťovna becomes the first subscriber to this service, which aims to simplify and accelerate insurance transactions. Intermap reports a 34% increase in monthly recurring revenue from insurance solutions in Europe in the first half of 2022.
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.