INTERMAP TECHNOLOGIES CORP

Intermap Technologies announced a definitive agreement to acquire PCI Geomatics Group for $11 million in cash. This acquisition aims to integrate PCI's satellite and aerial image processing technologies with Intermap's 3D elevation models, creating an integrated geospatial intelligence platform. The transaction is expected to be immediately accretive to Intermap's commercial revenue growth, EBITDA, earnings, and cash flow, with approximately 60% of pro forma revenue anticipated from recurring subscriptions.

Intermap Technologies announced a partnership with NSG UP42, Saudi Arabia's first national Earth observation data platform. This collaboration will expand access to Intermap's proprietary 3D data and AI-driven analytics, including advanced Digital Terrain Models (DTMs) and Digital Surface Models (DSMs), for users in Saudi Arabia. The services will support critical planning and development applications such as infrastructure, flood risk, energy, and national development, leveraging the projected growth of the geospatial intelligence market from $37.13 billion in 2025 to $62.88 billion by 2030.

Intermap Technologies has expanded its Aquarius RMA risk analytics platform by integrating property valuation analytics. This new functionality combines Intermap's natural hazard and climate risk quantification with Flat Zone's residential real estate data, enabling insurers to assess property values alongside natural hazard exposures. The solution has been adopted by several leading Czech insurers, including Generali Česká pojišťovna and ČSOB Pojišťovna, and Intermap plans to launch the service in Slovakia in July 2026, with further European expansion planned. This aims to help insurers make better underwriting decisions and manage portfolios more effectively.

Intermap Technologies announced the launch of its AI-enabled Orthorectification Service on the UP42 geospatial platform. This new service converts 2D satellite imagery into accurately positioned, analysis-ready geospatial data, leveraging Intermap's proprietary global 3D terrain model. It aims to simplify complex image processing for commercial, government, and defense applications, addressing the growing demand for scalable image correction and analytics in the expanding commercial space market.

Intermap Technologies held its Annual General Meeting on June 24, 2026, where shareholders approved all proposed items. This included the election of Patrick A. Blott, Philippe Frappier, and Jordan Tongalson as directors. Additionally, MNP LLP was reappointed as the company's auditors. A total of 31.16% of outstanding shares were represented at the meeting.

Intermap Technologies Corporation announced its Annual General Meeting (AGM) of shareholders will be held on June 24, 2026, at 10:30 a.m. EDT in Toronto. The record date for both the notice of meeting and voting is May 7, 2026. The company will use a notice and access model for delivering meeting materials, which will be accessible online from May 25, 2026. Shareholders are expected to vote on the annual report, financial statements, election of directors, and the appointment of auditors.

Intermap Technologies announced an expanded collaboration with Generali Group, extending the deployment of its AI-enabled Aquarius Risk Management & Analytics (RMA) solution to Poland, Hungary, and Slovenia. This expansion aims to enhance Generali's underwriting, risk management, and portfolio modeling capabilities for natural hazard and climate-related risks across these key Central and Eastern European markets. The move reinforces Intermap's growing role in the European insurance market, especially as climate volatility increases.

Intermap Technologies Corp reported a significant decline in its first-quarter 2026 financial results, with revenue dropping by 67% to $1.41 million and net loss widening to $3.03 million. The company's cash balance also decreased by 17% from the previous quarter-end. Despite a reduction in operating costs, the overall financial performance for the quarter was weak. However, a positive subsequent event involved the extinguishment of a CDN$240,000 project financing loan for a cash settlement of CDN$60,000.

Intermap Technologies reported first quarter 2026 revenue of $1.4 million, with recurring subscription and data revenue exceeding 80% of the total. The company stated that operations were near break-even when excluding timing and financing related items. Intermap reiterated its 2026 guidance of $30-35 million in revenue and a 28% EBITDA margin, citing an active government pipeline and expanding enterprise adoption of its AI-enabled data-as-a-service platforms.