Mr. Patrick Blott reports

INTERMAP ANNOUNCES CONTRACT WITH SLOVAK INSURANCE ASSOCIATION

SLASPO (Slovak Insurance Association) has signed a letter of intent stating that multiple insurers in Slovakia have agreed to enter negotiations to finalize subscriptions to Intermap Technologies Corp.'s flood risk software solution and hazard maps.

This milestone agreement represents a significant step forward in enhancing the insurance industry's ability to effectively manage flood risk and provide accurate property risk evaluations. Intermap's flood data sets and unique software streamline insurance analytics and geocoding capabilities, enabling insurance companies to provide comprehensive property-specific underwriting. Each insurance company under the multilicence contract will have access to Intermap's next-generation flood hazard maps and risk analytics. Intermap's current insurance clients in Slovakia include Allianz and Generali. Contract negotiations with additional members of the Slovak Insurance Association will take place over the next several months.

"Slovak Association of Insurers welcomes finalization of the mutual agreement with Intermap, with the aim to start business negotiations with member insurance companies of the association to better assess flood risk in Slovakia," said Martin Kana, executive director of Slovak Insurance Association. "We believe that, with higher impact of climate change, the full-scale use of Intermap's flood map products will enable the insurance sector to better assess flood risk in the Slovak market. At the same time, it will help future underwriting and property insurance pricing."

"With the increasing number of catastrophic flooding events around the world, our solution will enable the Slovakian insurance industry to better manage flood risk," said Patrick A. Blott, chairman and chief executive officer of Intermap. "This collaboration highlights the importance of our comprehensive insurance solutions in addressing the rising threat of flooding worldwide and demonstrates our commitment to supporting the resilience of the insurance industry."

About Intermap Technologies Corp.

Founded in 1997 and headquartered in Denver, Colo., Intermap is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3-D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the company provisions diverse, complementary, multisource data sets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap's 3-D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world's largest collection of multisensor global elevation data, the company's collection and processing capabilities provide multisource 3-D data sets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap's products and solutions include defence, aviation and UAV (unmanned aerial vehicle) flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas, and transportation.

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