Mr. Patrick Blott reports

INTERMAP ENABLES WORLD CLASS SPACE INFRASTRUCTURE WITH NEW 3D DATA EXPLOITATION CONTRACT

Following a successful competitive procurement, Intermap Technologies Corp. has signed a contract to supply its latest high-precision NEXTMap elevation data to a global spacecraft/launch/communications operator to be used for simulation, regulatory compliance and global situational awareness, including ground station RF interference modelling. Intermap leverages its commercial archive of 3-D geospatial data, the world's largest, and proprietary artificial intelligence/machine learning software and processing algorithms to empower its clients with critical as-a-service infrastructure they can easily use to solve various terrain, subsurface and space-based applications.

The digital twin market for simulation modelling is expected to grow to $110-billion (U.S.) by 2028, which is a 61-per-cent compound annual growth rate. Prior to this award, for the first half of the year, Intermap increased its monthly recurring revenue by 12 per cent, delivering its market-leading 3-D models through user-friendly, vertically focused data-as-a-service solutions. Recurring revenue now accounts for approximately 80 per cent of commercial revenue and 67 per cent of total revenue, compared with nil in 2017. The company's first and largest commercial vertical market, insurance, is experiencing rapid growth, supported by Intermap data and driven by a 9.1-per-cent 2023 increase in rates, as natural catastrophes, climate change and war have led to insurers and reinsurers raising their written premiums.

Intermap's seamless elevation models are increasingly needed by satellite operators around the world as terrestrial infrastructure and services are developed. Intermap's NEXTMap digital elevation models, provisioned with market-leading proprietary software and services, provide clients with consistent, uniform, accurate 3-D information anywhere on Earth. For Intermap's space industry customers, these new capabilities enable near real-time assessments of line of sight, field of view, and RF transmission and interference for multiple prospective ground station locations.

"Not even rockets can launch today without precise 3-D data. With this award, Intermap becomes a critical supplier for civil, defence and commercial customers in a rapidly expanding space and digital twin simulation industry," said Patrick A. Blott, Intermap chairman and chief executive officer. "Our highly precise global 3-D models and vertically targeted exploitation software will be instrumental in supporting the future of advanced insurance, communication, navigation and transportation."

Intermap's sensed elevation data are a non-synthetic 3-D global product. The company's patented processing and seamless mosaics provide clients with key information that synthetic data fail to provide when creating precise digital twins for critical commercial, scientific and military applications. A rapid increase in low Earth orbit (LEO) satellites, especially those providing broadband Internet connectivity, requires corresponding ground station infrastructure to control the satellites, as well as relay the data being sent through them. Intermap's models and supporting tools allow LEO constellation operators to quickly monitor, assess and report ground stations for performance, safety, suitability and regulatory compliance.

Intermap specializes in collecting, processing and delivering through software-as-a-service, highly valuable and precise 3-D elevation data, at scale, that are suitable for critical government and commercial purposes. High-quality elevation data are becoming more critical with the number and frequency of satellites and spacecraft that are launched. The company is currently supporting U.S. Geological Survey (facilitating NASA's Artemis III moon landing simulations), National Geospatial-Intelligence Agency (facilitating low-latency 3-D foundation data) and U.S. Air Force (facilitating PNT and alternative navigation). In 2018, Intermap's elevation models, 3-D vectors and exploitation tools were vital during the Thai soccer team cave rescue. The company leveraged its archive to provide rapid situational awareness, connecting the terrain with below-ground cave patterns and identifying the best access points and drainage for drilling locations. As the space and digital twin industries grow, Intermap expects to continue facilitating modelling, simulation, signal propagation, site assessment, PNT, regulatory compliance and situational awareness for civil, defence and private sector customers as they upgrade their space infrastructure for safety, suitability and new mission requirements.

About Intermap Technologies Corp.

Founded in 1997 and headquartered in Denver, Colo., Intermap (Toronto Stock Exchange: IMP and OTCQB: ITMSF) 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 has collection and processing capabilities that 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 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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