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Intermap Technologies Corporation reported the appointment of John T. McNamara, a former senior U.S. diplomat and U.S. Army Special Forces officer, to the Board of Advisors of Intermap Federal Services, Inc. He will advise on strategic growth, government partnerships and international programs in support of the company’s federal and international geospatial intelligence business.
The company highlights that McNamara’s four decades of experience in diplomacy, defense and international affairs are expected to help expand relationships with U.S. and allied government customers and apply Intermap’s geospatial intelligence platform to national security, infrastructure resilience and economic development use cases. Intermap reiterates its positioning as a global provider of proprietary 3D data and AI-driven analytics, supporting mission-critical decision-making across government and commercial markets.
Intermap Technologies Corporation reported weaker results for the quarter and six months ended June 30, 2026. Q2 2026 revenue was $2.0 million, down from $3.0 million, and six‑month revenue was $3.4 million versus $7.3 million, primarily because Acquisition Services revenue from Indonesia fell to nil due to delayed follow‑on awards. Value‑added data revenue rose to $0.7 million in Q2 and $1.0 million year‑to‑date, while software and solutions revenue held around $1.3 million in Q2.
Operating loss widened to $2.0 million in Q2 and $4.8 million year‑to‑date, with net loss of $5.1 million for the first half and negative Adjusted EBITDA of $3.5 million, reflecting lower revenue, higher personnel costs and increased investment in aircraft, radar, processing and AI capabilities. Cash decreased to $16.2 million, total assets were $26.0 million, and shareholders’ equity was $17.6 million as the company repurchased share‑based awards and funded capex.
Intermap signed a definitive agreement to acquire PCI Geomatics, a privately held image‑processing company, for C$11 million in cash, expected to close by the end of Q3 2026, aiming to create a vertically integrated geospatial intelligence platform. The financial statements are prepared on a going concern basis, and management highlights a growing pipeline across government and commercial markets while acknowledging that timing of the Indonesia contract remains the key variable for 2026 results.
Intermap Technologies Corporation agreed to acquire all remaining shares of PCI Geomatics Group Inc. it does not already own under a court-approved plan of arrangement governed by the Canada Business Corporations Act. Intermap will pay aggregate cash consideration of $11,000,000, subject to transaction expenses and post-closing purchase price adjustments.
The structure includes an $150,000 adjustment escrow for transaction expenses and a separate $1,100,000 indemnity escrow for customary representations, warranties and covenant indemnities. Intermap already holds all PCI Series B preferred shares and 3.3% of PCI common shares. PCI’s CEO, June McAlarey, will remain PCI President and CEO and also serve as an Intermap Executive Vice President responsible for commercial business.
The deal requires approval by at least two-thirds of PCI shareholder votes, a separate simple-majority vote excluding certain related parties under Multilateral Instrument 61-101, approval by the Ontario Superior Court of Justice (Commercial List), and other customary conditions. Voting support agreements cover holders of 81.25% of PCI shares entitled to vote (excluding Intermap’s holdings). Non-solicitation covenants restrict PCI and Grenadier from soliciting competing transactions, and the agreement may be terminated if closing does not occur by November 30, 2026 or upon specified breaches or a material adverse effect.
Intermap Technologies Corporation reported the appointment of J. Michael Rolland to its Board of Directors. Rolland has extensive experience financing strategically important global infrastructure, including leadership roles at OMERS, where he was CEO of the Ontario Municipal Employees Sponsors Corporation and previously led OMERS Private Markets, OMERS Asia Pacific and Borealis Infrastructure.
The company states that his background in infrastructure, long-term investment platforms and relationships with governments and institutional investors is expected to support Intermap’s efforts to expand its financing capabilities, broaden access to capital and grow its global geospatial intelligence business. Intermap highlights its proprietary 3D data and AI-driven analytics platform, which covers more than 300 million square kilometers across over 150 countries, as the foundation for its government and commercial solutions.
Intermap Technologies Corporation announced that it plans to release its second quarter 2026 financial results after market close on August 13, 2026. Following the release, Chairman and CEO Patrick A. Blott and CFO Jennifer Bakken will host a live webcast to review the results and answer investor questions.
The webcast is scheduled for 5:00 pm on August 13, 2026, with registration available online and a replay and supporting materials to be posted on the company’s investor relations webpage. Intermap describes itself as a global leader in geospatial intelligence, powered by proprietary 3D data and AI-driven analytics, with a data foundation spanning more than 300 million square kilometers across over 150 countries.
Intermap Technologies plans to acquire PCI Geomatics Group under a definitive arrangement agreement, buying all PCI shares it does not already own for $11 million in cash. The deal is structured as an Arrangement under the Canada Business Corporations Act and has been unanimously approved by both companies’ boards.
Intermap already holds all PCI Series B preferred shares and 3.3% of its common shares. PCI shareholders will vote at a special meeting, and court and other customary approvals are required. Shareholders representing 24,367,031 PCI shares, or 81.25% of PCI shares entitled to vote at the meeting (excluding Intermap), have signed voting support agreements.
The combination integrates PCI’s satellite and aerial image-processing micro-services and more than 750 proprietary algorithms with Intermap’s global 3D elevation data. Management expects the transaction to be immediately accretive to commercial revenue growth, EBITDA, earnings and cash flow, with roughly 60% of pro forma revenue coming from recurring subscriptions and repeat licenses.
Intermap Technologies Corporation reported a new partnership with NSG UP42, Saudi Arabia’s national Earth observation data platform. Through NSG UP42, users in Saudi Arabia can access Intermap’s advanced Digital Terrain Models and Digital Surface Models, delivering detailed 3D elevation intelligence across large geographic areas.
The elevation data supports planning and risk analysis for infrastructure, flood mapping, urban development, oil and gas routing, and environmental assessment. The release cites industry research projecting the global geospatial intelligence market to grow from $37.13 billion in 2025 to $62.88 billion by 2030, highlighting rising demand for AI-ready location-based data.
Intermap Technologies is expanding its Aquarius RMA insurance risk analytics platform by adding integrated property valuation analytics and extending its presence in Europe. The platform now combines proprietary 3D geospatial data, natural hazard and climate risk models with Flat Zone’s residential real estate valuation data.
Leading insurers in the Czech Republic, including Generali Česká pojišťovna, Česká podnikatelská pojišťovna, Slavia pojišťovna, ČSOB Pojišťovna, PVZP and Direct pojišťovna, are using the new capabilities to determine market and replacement values for homes and to set insured values within underwriting and customer-facing workflows. Intermap plans to launch the service in Slovakia in July 2026 and gradually roll it out to additional European markets.
The company highlights that accurate property valuation is increasingly important as insurers face rising construction costs, shifting real estate prices and growing climate-related risks. Intermap believes the combination of proprietary data, AI-driven analytics and integrated workflows creates a differentiated platform to help insurers improve underwriting, portfolio management and decision-making.
Intermap Technologies filed a Form 6-K to share a press release announcing its new AI-enabled Orthorectification Service on the NSG UP42 geospatial platform. The automated service converts 2D satellite imagery into accurately positioned, analysis-ready geospatial data for commercial, government and defense users.
The service leverages Intermap’s proprietary global bare-earth 3D terrain model, which covers more than 300 million square kilometers across over 150 countries, to correct distortions from terrain, sensor geometry and viewing angle. By integrating directly into UP42 workflows, customers can order and receive corrected imagery in minutes, helping expand applications such as mapping, infrastructure monitoring and AI-based analysis as satellite capacity and data volumes grow.
Intermap Technologies Corporation reported the voting results from its annual general meeting held on June 24, 2026. Shareholders representing 22,993,978 Class A common shares, or 31.16% of shares outstanding, were present in person or by proxy.
All three director nominees were elected. Patrick A. Blott received 9,680,897 votes for and 2,675,508 withheld. Philippe Frappier received 10,220,543 votes for and 2,135,862 withheld. Jordan Tongalson received 10,260,390 votes for and 2,096,015 withheld.
Shareholders also approved the appointment of MNP LLP as auditors of the Company until the next annual meeting, with 21,671,487 votes for and 627,744 votes withheld.