Ms. Jennifer Bakken reports

INTERMAP'S INSURANCE BUSINESS STARTS 2025 WITH STRONG GROWTH

Intermap Technologies Corp.'s global insurance business is off to a strong start in 2025 with awards surpassing $1.1-million from new client subscriptions and multiple renewals.

Intermap is pleased to announce a new, large multiyear subscription with a major bank-insurance group operating in five European countries. Serving retail, private banking, SME (small and medium-sized enterprises) and mid-cap clients, the group has adopted the latest generation of Intermap's Aquarius RMA solution for natural hazards and climate change risk quantification. Using artificial-intelligence-powered modelling and continually updated 3-D terrain data, the solution delivers precise risk assessments throughout the policy life cycle -- from underwriting to claims adjustment -- empowering the group to deploy innovative, data-driven strategies for climate and sustainability challenges.

Intermap also recently secured a major partnership with Premium Insurance Company Ltd., which adopted Intermap's next-generation Aquarius RMA natural hazard solution. This collaboration marks a significant step forward for flood risk management in Europe, ensuring that homeowners and businesses in these markets benefit from more informed and reliable insurance decisions.

"Providing property insurance in the Czech Republic and Slovakia without high-quality flood maps and robust risk assessment would be increasingly time and labor-intensive," said Marek Benko, member of the board of directors at Premium Insurance. "By integrating Intermap's advanced mapping solutions, we are enhancing our underwriting precision, building greater trust with our reinsurers and ensuring our clients receive the most sustainable coverage possible."

"We are seeing increased demand for our applications and solutions in our insurance vertical, driving record revenue early in the year," said Patrick A. Blott, Intermap chairman and chief executive officer. "Our data products are one of a kind, making our subscriber base sticky with de-minimis churn." Mr. Blott continued: "Insurance companies are increasingly leveraging 3-D geospatial data to enhance risk assessment and evaluate property vulnerabilities such as flood or wildfire exposure with greater precision. Building upon our 3-D foundation data, Intermap incorporates artificial intelligence and machine learning techniques into our NEXTMap solution to create globally available digital elevation models at resolutions as fine as a single metre, offering our insurance clients and other verticals the ability to make unparallelled, data-driven decisions. We look forward to updating the market as we build upon these new wins and execute against our current pipeline of insurance industry opportunities."

Fourth quarter and full year 2024 results and conference call

As a reminder, Intermap will report its fourth quarter and full year 2024 results on Thursday, March 27, 2025, at 5 p.m. ET. The company's chief executive officer, Patrick Blott, chief financial officer Jennifer Bakken and chief operating officer Jack Schneider will host a live webinar to review the results, provide company updates and answer investor questions following the presentation.

Conference call details

Date:  Thursday, March 27, 2025

Time:  5 p.m. ET

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 defense, 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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