Core Insights - Intermap Technologies Corporation announced the retirement of Jack Hild from its Board of Directors, recognizing his significant contributions to the company's growth and strategic direction in the defense and intelligence sectors [1][2][3] Company Overview - Intermap Technologies, founded in 1997 and headquartered in Denver, Colorado, is a leader in geospatial intelligence solutions, specializing in the creation and analysis of 3D terrain data [5] - The company utilizes patented sensors and processing technology to provide diverse, multi-source datasets, enabling seamless integration of geospatial intelligence into customer workflows [5] - Intermap's capabilities include high-resolution thematic models and global geospatial analysis through artificial intelligence and machine learning [5] Applications - Intermap's products and solutions are applicable in various sectors, including defense, aviation, disaster mitigation, environmental planning, telecommunications, and transportation [6]

Core Points - Intermap Technologies Corporation held its annual general meeting on June 26, 2025, with 27,270,817 Class A common shares represented, accounting for 45.93% of total shares outstanding [1] - Shareholders voted in favor of all business items, including the election of directors and the appointment of MNP LLP as auditors [2] Election of Directors - Patrick A. Blott was elected with 18,579,224 votes for (96.38%) and 698,190 votes withheld [3] - Philippe Frappier received 18,696,326 votes for (96.99%) and 581,088 votes withheld [3] - John (Jack) Hild was elected with 18,694,826 votes for (96.98%) and 582,588 votes withheld [3] - Jordan Tongalson also received 18,696,326 votes for (96.99%) and 581,088 votes withheld [3] Appointment of Auditors - MNP LLP was appointed as auditors with 26,566,313 votes for (97.42%) and 704,504 votes withheld (2.58%) [3] Company Overview - Intermap Technologies, founded in 1997 and headquartered in Denver, Colorado, specializes in geospatial intelligence solutions, focusing on 3D terrain data and high-resolution thematic models [4] - The company utilizes scientific analysis, patented sensors, and processing technology to provide multi-source datasets for geospatial intelligence integration [4] - Applications of Intermap's products include defense, aviation, insurance, disaster mitigation, environmental planning, and more [4]

Core Insights - Satellogic, Inc. has been selected as the technology partner for the Malaysian High-Resolution Earth Observation Satellite Project (MHREOSP) in collaboration with Uzma Berhad [1][3] - The project aims to design, develop, assemble, integrate, and test a high-resolution satellite with a resolution of 50cm across all spectral bands, enhancing Malaysia's geospatial intelligence capabilities [2][3] - This partnership aligns with Malaysia's Space Exploration 2030 Action Plan and aims to nurture local talent through knowledge sharing and technology transfer [3][4] Company Overview - Founded in 2010, Satellogic is a vertically integrated geospatial company focused on providing high-resolution Earth observation data [4][5] - The company aims to democratize access to geospatial data to address global challenges such as climate change, energy supply, and food security [5][6] - Satellogic has a proven track record in satellite technology, having successfully deployed over 50 NewSat satellites [2][6] Strategic Importance - The collaboration strengthens Satellogic's presence in Asia and supports its mission to democratize access to advanced space technology [3][4] - The partnership is expected to enhance national sovereignty through proprietary space access and contribute to Malaysia's long-term infrastructure and environmental sustainability [4][3] - The project will involve significant local participation, fostering homegrown capacity development in satellite technology [2][3]

Core Insights - Intermap Technologies reported a first quarter 2025 revenue growth of 153% with a pro-forma adjusted EBITDA margin of 28% [1][7] - The company confirmed its projected 2025 revenue guidance of $30–35 million and maintained an EBITDA margin of 28% [1][13] Financial Performance - Total revenue for Q1 2025 was $4.3 million, compared to $1.7 million in Q1 2024 [7] - Acquisition Services revenue increased to $2.4 million from $478 thousand year-over-year [7] - Value-added Data revenue rose to $514 thousand from $266 thousand in the previous year [7] - Software and Solutions revenue reached $1.3 million, up from $942 thousand in Q1 2024 [7] - Pro-forma net income was $833 thousand, a significant improvement from a net loss of $839 thousand in Q1 2024 [7] - Total assets increased to $19.2 million from $11.9 million as of December 31, 2024 [7] - Cash, unbilled, and accounts receivable totaled $13.9 million, compared to $6.5 million at the end of 2024 [7] Government Sector Developments - Intermap was selected as a vendor for the National Geospatial-Intelligence Agency's $200 million Luno B IDIQ contract, contributing to a total addressable opportunity of $500 million [3] - The company is executing Phase 1 of Indonesia's national mapping initiative, with plans for follow-on awards under the $653 million World Bank-funded ILASP project [4] - Intermap incurred costs related to permitting and currency adjustments during the quarter, which were collected in April 2025 [5] Commercial Sector Achievements - The company secured over $1.1 million in new and renewed contracts in its insurance business [9] - Intermap expanded its partnership with a major global space infrastructure operator, significantly increasing investment in its high-precision 3D elevation data [10] - The company renewed its subscription partnership with a leading provider of GPS-enabled golf technology, enhancing its offerings for golfers [11] Strategic Initiatives - Intermap raised C$12 million in February 2025 to fund growth and strengthen its ability to execute on its expanding pipeline [12] - The company is focused on building recurring revenue through its geospatial data products, enabling customers to access precise terrain data on demand [15] Future Outlook - Intermap is well-positioned for long-term growth with a strong balance sheet and increasing customer confidence [3] - The company aims to penetrate deeper into targeted markets while enabling new use cases for its geospatial intelligence solutions [15]