DENVER, March 24, 2026 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced that it will release its fourth quarter and full year 2025 financial results after market close on March 31, 2026. Intermap’s CEO Patrick A. Blott and CFO Jennifer Bakken will host a live webinar that same day at 5:00 pm ET to review the Company’s financial results and answer investor questions following ...

Core Viewpoint - ProStar Holdings Inc. has successfully closed a non-brokered private placement of secured convertible debentures totaling US$675,000, aimed at supporting its operations and growth initiatives [1][6]. Financing Details - The convertible debentures carry an interest rate of 12.5% per annum and will mature 24 months from issuance [2]. - Each debenture can be converted into units at a price of US$0.10 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [2][3]. - The full warrant allows the purchase of one common share at US$0.14 for five years from the closing date [3]. Trigger Events - The principal amount of the convertible debentures will automatically convert into units if the company achieves US$2,000,000 in booked Annual Recurring Revenue (ARR) in 2026 or US$2,500,000 in ARR in 2027 [4]. Interest Settlement - Debenture holders can choose to settle accrued interest in cash or common shares, with the latter subject to market price at the time of payment [5]. Security and Use of Proceeds - The convertible debentures are secured by a first-ranking security interest over all present and future assets of the company [6]. - Proceeds from the offering will be used for general corporate purposes [6]. Regulatory Compliance - The offering is subject to TSX Venture Exchange approval and a four-month hold period under Canadian securities laws [7]. Related Party Transactions - Wayne Moore, a director, acquired US$500,000 of the convertible debentures, increasing his total ownership to approximately 12.79% on a partially diluted basis [8][10]. - Other directors also participated in the offering, which is classified as a related party transaction but is exempt from certain regulatory requirements [13]. Company Overview - ProStar is a provider of geospatial intelligence technologies, focusing on mapping and managing critical infrastructure through its PointMan and LinQD products [14][15]. - The company serves a diverse global customer base, including Fortune 500 companies and government entities, and has established strategic alliances to enhance its market position [16]. - ProStar holds 16 patents in the U.S. and Canada, reinforcing its leadership in precision mapping technologies [17].

Intermap Technologies 3D Geospatial Intelligence February 2026 © Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure CONFIDENTIAL 1 Forward-Looking Disclaimer Certain information provided in this presentation, including reference to revenue growth, constitutes forward- looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", "continue", "focus", "will", "intends" and similar expressions are intended to identify such forward-l ...

Core Viewpoint - ProStar Holdings Inc. has increased its non-brokered private placement of secured convertible debentures from US$500,000 to US$675,000, aimed at supporting its operations and growth initiatives [1][6]. Group 1: Offering Details - The convertible debentures will carry an interest rate of 12.5% per annum and will mature 24 months after issuance [2]. - Each debenture can be converted into units at a price of US$0.10 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [2][3]. - The full warrant allows the holder to purchase one common share at US$0.14 for five years from the closing date of the offering [3]. Group 2: Trigger Events and Conversion - The principal amount of the convertible debentures will automatically convert into units if the company achieves US$2,000,000 in booked Annual Recurring Revenue (ARR) in 2026 or US$2,500,000 in ARR in 2027 [4]. - Upon conversion or maturity, the company can settle accrued interest in cash or through the issuance of common shares, subject to TSX Venture Exchange approval [5]. Group 3: Security and Use of Proceeds - The convertible debentures will be secured by a first-ranking security interest over all present and future assets of the company [6]. - The net proceeds from the offering are intended for general corporate purposes [6]. Group 4: Related Party Participation - Certain directors of the company plan to participate in the offering, which is classified as a related party transaction under Multilateral Instrument 61-101 [8]. Group 5: Company Overview - ProStar Geocorp specializes in geospatial intelligence technologies, aiming to set the global standard for mapping and managing critical infrastructure [9]. - The company's flagship products, PointMan and LinQD, enhance the accuracy and efficiency of infrastructure mapping and management [10]. - ProStar has a diverse customer base, including Fortune 500 companies and government entities, and has established strategic alliances with global technology leaders [11].

Core Viewpoint - ProStar Holdings Inc. is initiating a non-brokered private placement of secured convertible debentures amounting to up to US$500,000, aimed at enhancing its financial position and supporting corporate purposes [1][6]. Group 1: Offering Details - The convertible debentures will carry an interest rate of 12.5% per annum and will mature 24 months after issuance [2]. - Each debenture can be converted into units at a price of US$0.10 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [2][3]. - The full warrant allows the purchase of one common share at US$0.14 for five years from the closing date of the offering [3]. Group 2: Trigger Events and Conversion - The principal amount of the convertible debentures will automatically convert into units if the company achieves US$2,000,000 in booked Annual Recurring Revenue (ARR) in 2026 or US$2,500,000 in ARR in 2027 [4]. - Upon conversion or maturity, the company may settle accrued interest in cash or common shares, subject to TSX Venture Exchange approval [5]. Group 3: Security and Use of Proceeds - The convertible debentures will be secured by a first-ranking security interest over all present and after-acquired property and assets of the company [6]. - Proceeds from the offering are intended for general corporate purposes [6]. Group 4: Related Party Transaction - A director of the company plans to participate fully in the offering, which is classified as a related party transaction under Multilateral Instrument 61-101 [8]. Group 5: Company Overview - ProStar Geocorp specializes in geospatial intelligence technologies, aiming to set a global standard for mapping and managing critical infrastructure [9]. - The company offers a Software-as-a-Service (SaaS) solution and an enterprise integration platform, enhancing the management of critical infrastructure assets [10]. - ProStar's customer base includes Fortune 500 companies, construction firms, utilities, and government departments, supported by strategic alliances with global technology leaders [11].

Malaysian award expands national flood forecasting footprint World Bank-funded Indonesia program advances Global insurers increasingly rely on Intermap’s elevation data to enhance flood risk and catastrophe modeling DENVER, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced an update on Indonesia, Malaysia, insurance and guidance. IndonesiaThe World Bank-funded I ...

Core Insights - ProStar Holdings Inc. has announced a strategic partnership with Tersus GNSS to deliver a complete precision mapping solution for the utility and critical infrastructure industries globally [1][2][3] Group 1: Partnership Details - The collaboration aims to integrate Tersus's survey-grade GNSS receivers with ProStar's PointMan, providing an affordable and field-ready solution through Tersus's international distribution network [2] - Tersus GNSS is recognized for its innovation in GNSS receiver and base station technology, with operations in China, the United States, and Australia [2] Group 2: Strategic Goals - This partnership is part of ProStar's strategy to expand its ecosystem of partnerships via the LinQD open API integration platform, enhancing interoperability between emerging technologies and legacy systems [3] - ProStar aims to establish PointMan as the de facto standard in precision mapping by uniting leading equipment manufacturers and service providers [4] Group 3: Company Background - ProStar Geocorp is focused on becoming the global standard for mapping and managing critical infrastructure, offering a Software-as-a-Service (SaaS) solution and an enterprise integration platform [6][7] - The company's flagship products, PointMan and LinQD, enhance the accuracy and connectivity of infrastructure mapping and management [7] Group 4: Market Position and Growth - ProStar's customer base includes Fortune 500 corporations, leading construction and engineering firms, utilities, municipalities, and U.S. Departments of Transportation, indicating a strong market presence [8] - The company holds 16 issued patents in the United States and Canada, securing its leadership position in precision mapping technologies [9]

Core Insights - Intermap Technologies reported a 37% growth in commercial software revenue, primarily driven by the adoption of its AI Risk Assistant platform, with the United States and Europe contributing to 90% of total revenue [1][4][10] - The company raised $21 million through a bought deal public offering, significantly strengthening its balance sheet and enabling investments in commercial markets [2][3] - Intermap reaffirmed its annual guidance for 2025, projecting revenue between $30 million and $35 million with an EBITDA margin of 28% [11] Financial Performance - Revenue for the quarter was $1.7 million, a decrease from $5.0 million in the same period in 2024, with year-to-date revenue at $9.0 million compared to $10.2 million in 2024 [3] - Operating cash flow year-to-date improved to $2 million, excluding working capital investments, compared to a negative $1.4 million in the same period last year [6] - Adjusted EBITDA was negative $1.0 million for the quarter, down from positive $1.6 million in 2024, with a net loss of $1.5 million compared to a net income of $1.1 million in the same quarter last year [8] Product and Market Developments - The Risk Assistant platform allows underwriters to automate and scale their processes, significantly improving risk assessment and underwriting outcomes [5] - Intermap completed infrastructure upgrades to enhance its capabilities, including the integration of advanced NVIDIA GPUs and encryption methods [4] - The company is actively pursuing multiple government contracts, including a $200 million project in Indonesia and various NOAA contracting opportunities [10] Outlook and Guidance - Intermap expects the timing of certain government contracts may fluctuate due to funding delays, but management believes these are typical for government contracting [11] - The company continues to expand its recurring data subscriptions and analytics services, reflecting strong commercial demand [9]

Core Insights - ProStar Holdings Inc. has announced that GroundBreakers, LLC has adopted its PointMan Precision Mapping Solutions to enhance digital transformation and operational efficiency [1][3] - The critical infrastructure industry is shifting from outdated paper-based processes to data-driven operations, with ProStar's technologies leading this transition [2][6] - GroundBreakers aims to leverage ProStar's solutions for technological advancement and national expansion [3] Company Overview - GroundBreakers is a veteran and women-owned utility management services company based in Indianapolis, specializing in hydro-excavation, jetting, CCTV, and private locating, operating in four Midwestern states [4] - ProStar Geocorp is a provider of geospatial intelligence technologies, focusing on mapping and managing critical infrastructure through its SaaS solutions [5][6] - ProStar's flagship products, PointMan and LinQD, enhance infrastructure mapping accuracy and connectivity, reducing risks and improving efficiencies [6][7] Industry Trends - The critical infrastructure sector is increasingly adopting advanced technologies to improve accuracy, safety, and efficiency in planning, building, and maintaining infrastructure [2] - The transition to digital operations is seen as a major industry shift, with companies like GroundBreakers leading the way [3][6] - ProStar's strategic alliances with global technology leaders are enhancing its competitive advantage and accelerating the adoption of its solutions [7][8]

Core Viewpoint - Intermap Technologies Corporation successfully closed a public offering of 9,584,100 Class A common shares at a price of $3.00 per share, raising gross proceeds of $28,752,300, which reflects strong demand and over-subscription from long-term, growth-oriented institutions [1][3]. Group 1: Offering Details - The offering was underwritten by a syndicate led by Stifel Nicolaus Canada Inc., including Canaccord Genuity Corp. and Beacon Securities Limited [2]. - The net proceeds from the offering will be used for working capital and general corporate purposes, pending final approval from the Toronto Stock Exchange [2]. - The company paid the underwriters a cash commission of $1,725,138 and issued 575,046 compensation warrants, allowing the purchase of common shares at USD$2.1758 until September 29, 2027 [4]. Group 2: Company Background - Intermap Technologies, founded in 1997 and headquartered in Denver, Colorado, is a leader in geospatial intelligence solutions, specializing in 3D terrain data and high-resolution thematic models [8]. - The company utilizes patented sensors and processing technology to provide diverse datasets, enabling seamless integration of geospatial intelligence into customer workflows [8]. - Applications of Intermap's products include defense, aviation, insurance, disaster mitigation, environmental planning, and telecommunications, among others [8].