Final Short-Form Base Shelf Prospectus Is accessible on SEDAR+ and EDGARDENVER, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Intermap Technologies Corporation (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, announced today that it has filed a final short-form base shelf prospectus (the “Prospectus”) with the securities commissions in each of the provinces of Canada, other than Quebec. A corresponding registration statement on Form F-10 (the ...

Document is accessible on SEDAR+ and EDGARDENVER, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Intermap Technologies Corporation (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, announced today that it has filed a final short-form base shelf prospectus (the “Prospectus”) with the securities commissions in each of the provinces of Canada, other than Quebec. A corresponding registration statement on Form F-10 (the "Registration Statement") has ...

Core Insights - Ursa Space Systems has received a strategic investment from Sumitomo Corporation of Americas, enhancing its expansion into the Japanese market and overall capabilities [1][3][5] - The partnership aims to leverage Ursa Space's geospatial AI solutions to provide rapid and scalable insights to a broader audience, particularly in Asia [2][3][5] Company Overview - Ursa Space Systems specializes in satellite-based analytic solutions, utilizing a comprehensive virtual constellation of commercial Earth observation data [2][6] - The company offers subscription and custom monitoring services that enable real-time detection of changes in the physical world, overcoming traditional limitations [4][5] Investment Impact - The new funding will allow Ursa Space to grow its capabilities and enhance its platform, shifting from image-first to indicator-first analysis, thus improving user experience and efficiency [5] - Sumitomo Corporation joins existing investors, including Dorilton Capital and RRE Ventures, indicating strong confidence in Ursa Space's potential [5] Strategic Goals - The partnership with Sumitomo is expected to accelerate Ursa Space's mission to deliver insights at unmatched speed and scale, particularly targeting the Japanese market [3][5] - Ursa Space aims to provide actionable information across various industries, including finance and energy, by integrating satellite data into customer workflows [6]

Core Viewpoint - Intermap Technologies reported a decline in second quarter revenue but achieved significant growth in operating cash flow, reaffirming its revenue projections for 2025 and highlighting advancements in its geospatial intelligence solutions [1][2][8]. Financial Performance - Second quarter revenue decreased from $3.6 million to $3.0 million year-over-year due to timing effects from Indonesia and a commercial contract [2]. - Operating cash flow for the quarter was $2.1 million, a significant improvement from a cash outflow of $500 thousand in the same quarter of 2024 [2]. - For the first half of 2025, operating cash flow increased by 22% to $1.4 million compared to the same period in 2024 [2]. Business Developments - The company is actively involved in Indonesia's Integrated Land Administration and Spatial Planning (ILASP) initiative, with recent funding agreements and trade agreements enhancing opportunities for digital trade and investment [3]. - Intermap's pipeline includes new multi-year opportunities across Southeast Asia, North America, South America, and the Middle East, despite some timing adjustments in U.S. Department of Defense contracts [4]. - The commercial insurance business is expanding, driven by the implementation of the Insurance Risk Assistant Subsystem (IRAS), which enhances property risk evaluation and reduces underwriting errors by up to 30% [5]. Outlook - The company reaffirms its projected 2025 revenue of $30–35 million and an EBITDA margin of 28%, with expectations to meet annual targets despite potential risks related to government tenders and product adoption [8]. Shareholder Information - A conference call is scheduled for today at 5:00 pm ET to discuss the financial results and provide updates [1][12].

Core Viewpoint - Intermap Technologies will announce its second quarter 2025 financial results on August 14, 2025, and will host a conference call to discuss these results and provide updates to stakeholders [1][2]. Group 1: Financial Results Announcement - The company plans to release its second quarter 2025 financial results after market close on August 14, 2025 [1]. - A live webinar will be held on the same day at 5:00 pm ET to review the results and answer investor questions [2][3]. Group 2: Company Overview - Intermap Technologies, founded in 1997 and headquartered in Denver, Colorado, is a leader in geospatial intelligence solutions, focusing on 3D terrain data and high-resolution thematic models [5]. - The company utilizes scientific analysis and patented technology to provide diverse datasets that integrate geospatial intelligence into customer workflows [5]. - Intermap's capabilities include global geospatial analysis through AI and machine learning, offering critical information for understanding terrain environments [5]. Group 3: Applications of Products - Intermap's products and solutions are applicable in various sectors, including defense, aviation, insurance, disaster mitigation, environmental planning, telecommunications, and transportation [6].

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]