Asian Surveying & Mapping
Breaking News
Esri India Achieves 1 Million Users Milestone
Esri India, the leading provider of Geographic Information System...
Bank Negara, Malaysian Space Agency to bolster financial management ecosystem via space technology
KUALA LUMPUR: Bank Negara Malaysia has partnered with the...
Nepal’s president advisor resigns after criticising inclusion of Indian areas in map on new currency
The economic advisor to Nepal’s president on Sunday (May...
TASA to launch six satellites from 2026
The Taiwan Space Agency (TASA) yesterday said it plans...
Japan to provide flood risk maps for four South-East Asian countries – Indonesia, Vietnam, Thailand and Cambodia
JAKARTA/TOKYO: Japan plans to start providing flood risk maps...
Ecolab and ITE partners to harness water management knowledge for Singapore data center engineers
SINGAPORE, 29 APRIL 2024 – Nalco Water, an Ecolab...
NASA releases satellite photos of Dubai and Abu Dhabi before and after record flooding
NASA released photos of parts of Dubai and Abu...
Singapore releases 10-year Geospatial Master Plan
Singapore has launched its new Geospatial Master Plan (2024–33),...
Japan announces plans to launch upgraded observation satellites on new flagship rocket’s 3rd flight
TOKYO (AP) — Japan’s space agency announced Friday a...
Tesla China partners with Baidu for maps to clear FSD hurdle
Amidst Elon Musk’s unannounced trip to Beijing, China this...

February 7th, 2022
Intermap Announces Software Subscriptions in Europe

DENVER  – Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in geospatial content development and intelligence solutions, today announced two subscriptions to its European cloud-based risk solution. The demand for the Company’s Aquarius solution is increasing in the fast-growing insurance and real estate industries.

Intermap is pleased to expand its relationship with Generali Group by adding Romania to the existing Aquarius RMA (Aquarius) subscription. As a cloud-based flood risk solution, Aquarius enables consistent underwriting for an entire portfolio life cycle for any location. Romania represents Aquarius’ fourth CEE country, where Generali is ranked among the top three most trusted insurance brands. This new subscription enables Generali to grow its premium with customized and precise flood hazard maps and analytics.

The Company also reported that MyNEMO renewed its subscription to Intermap’s flood risk web services to support real estate transactions in the Czech Republic. In addition, MyNEMO is preparing to offer these services to other CEE countries.

Intermap continues to expand its European software subscription services beyond the insurance market by adding new functionality to its comprehensive solution suite. The Company’s European software subscription revenue has increased by 2.5 times since introducing the cloud-based version of Aquarius in 2020 and continues to grow as these expanded solutions are delivered to new and existing clients. The addition of Romania increases the Aquarius subscription monthly recurring revenue by 10%.

“Our strategy of penetrating deeper into our largest accounts by helping them grow their business is working,” said Patrick A. Blott, Intermap Chairman and CEO. “We’re enabling them to scale globally and save money by providing actionable GEOINT in a turnkey, easy-to-use software and enterprise data management solution. From a standing start in 2019, our cloud-based subscriptions in CEE now account for 72% of CEE revenue, which in turn has grown 19% year over year to become 19% of Intermap’s total commercial revenue.”

To learn more about Intermap’s European services, visit www.intermap.com/european-solutions.

Intermap Reader Advisory
Certain information provided in this news release constitutes forward-looking statements. The words “anticipate”, “expect”, “project”, “estimate”, “forecast”, “will be”, “will consider”, “intends” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap’s Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

About Intermap Technologies
Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP;OTCQX: ITMSF) is a global leader in geospatial intelligence solutions. The Company’s proprietary 3D NEXTMap® elevation datasets and value-added geospatial collection, processing, analytics, fusion and orthorectification software and solutions are utilized across a range of industries that rely on accurate, high-resolution elevation data. Intermap helps governments build authoritative geospatial datasets and provides solutions for base mapping, transportation, environmental monitoring, topographic mapping, disaster mitigation, smart city integration, public safety and defense. The Company’s commercial applications include aviation and UAV flight planning, flood and wildfire insurance, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation. For more information, please visit www.intermap.com.