Intermap Technologies Corp (OTC: ITMSF)

Intermap Technologies ® Corporation is a global provider of geospatial intelligence that creates analyzes and provisions three dimensional terrain data and high resolution thematic models of the Earth’s surface. The company helps customers understand their terrain environment and natural and manmade features to inform better decisions. Intermap deploys patented dual use sensors and processing technology that collect and fuse massive raw datasets into its commercial 3D geospatial library called NEXTMap which it claims is the world’s largest. From this library it produces digital surface models digital terrain models orthorectified radar images and a suite of value added products such as 3D city models flood models and wildfire models. These data and solutions are delivered through subscriptions licenses and software as a service platforms.

Intermap generates revenue from three primary business activities. First, data acquisition and collection involves flying proprietary radar sensors mounted on Learjet aircraft to gather airborne IFSAR data and other raw geospatial information. Second, value added data products and services leverage the company’s massive proprietary NEXTMap database together with proprietary software and fusion technologies to create exquisite and proprietary data offerings. Third, commercial applications include software and solution sales that integrate Intermap’s proprietary data into tailored solutions for specific industries such as insurance telecommunications aviation and natural resources. Revenue is realized through the licensing of geospatial products subscription fees for data as a service and software as a service and fees for custom solution development.

The company operates through the following segments:.

• Government: This segment serves federal state and local government agencies including defense intelligence space and orbital sensor organizations regulatory bodies and military organizations. It provides airborne IFSAR data collection high resolution digital elevation models and specialized geospatial solutions for mapping surveillance reconnaissance disaster response and infrastructure planning.

• Commercial: This segment serves private sector customers such as insurance companies telecommunications firms aviation authorities commercial airlines drone and helicopter operators natural resource companies environmental consultants road transportation and logistics companies land use planners agricultural businesses and consumer recreation apps. It delivers subscription based elevation data as a service software as a service and licensed data products that enable risk assessment network planning route optimization and site selection analytics.

Intermap holds a leading position in the geospatial intelligence industry due to its exclusive ownership of the NEXTMap global 3D terrain library which it claims is the world’s largest. The company’s competitive advantages stem from its patented dual use sensor technology proprietary processing engines such as the Intelligent Resolution Improvement System (IRIS) and a fully integrated sensor to user workflow that allows rapid delivery of high precision data without requiring customers to maintain costly ground based collection capabilities. While the filing does not name specific competitors Intermap differentiates itself from other geospatial providers by offering source agnostic data fusion AI enabled analytics and a cloud based platform that scales to global demand.

Intermap serves a diverse set of customers across the public and private sectors. Its government customers include defense agencies intelligence organizations space and orbital sensor companies regulatory agencies and military organizations from more than 50 countries. Its commercial customers comprise insurance companies telecommunications firms aviation authorities commercial airlines drone and helicopter operators natural resource companies environmental consultants road transportation and logistics companies land use planners agricultural businesses and consumer recreation apps. The company also works with GIS software users navigation simulation and visualization companies and space based sensor operators.