Intermap Technologies (IMP) News

Improved financials were a major plus!
Patience over time is required...


$1.20

https://finance.yahoo.com/news/intermap-wins-phase-two-prime-113000765.html

I'm going to leave this here:

Intermap wins $20 million contract to map the Island of Sulawesi, Indonesia in 2024.

https://seekingalpha.com/news/4057256-intermap-wins-major-indonesian-mapping-contract

If your not in you better get in....ITMSF

Debt paid off .. "Notes totalling US$33.9 million shall be settled for US$1 million in cash. "

Low float (11.16M) and thinly traded. Not many eyes on this yet

Outstanding news: Press Release: Intermap Enters Settlement Agreement on Vertex Notes with Pender Funds; Announces Contract with NOAA, State of California Data Subscription, and Q1 Results

Campeese..$$$ MASSIVE NEWS IS RIGHT !!!! SEE YOU AT MULTI-DOLLARS...WHATS THE SS HERE..THANKS

Insane news, massive US GOVERNMENT contract awarded with 15 million float. 4 of which is owned by insiders. Loaded as the contract value is less than market cap.

ITMSF one for 10 reverse split: (closing PPS .047)

http://otce.finra.org/DLSymbolNameChanges

I am watching and will buy in after the reverse split.

Test... Shortly.

Just as expected, the company hopes to assist underwriters, government agencies, and homeowners/businesses with flood related planning by utilizing InsitePro. On top of that, the company apparently had flyovers that took accurate data through the elements immediately after the event and everyone now has that dataset available to them.

Departments like FEMA, the DOD, and others should be all over this in their future planning, and anyone that's into logistics should also see value, especially food services and the oil/gas industry.

I believe there's a lot of value in play here with their services, and that we're just seeing the tip of it.

NEWS


Intermap Technologies Reports Expanded Task Order, Hurricane Response


PR Newswire
Sep. 27, 2017, 09:00 AM

DENVER, Sept. 27, 2017 /PRNewswire/ - (TSX: IMP) (ITMSF:BB) – Intermap Technologies Corporation ("Intermap" or the "Company") announced today the Company has been awarded a further $800,000 expansion to its original 2017 U.S. Government task order for geospatial infrastructure services, providing the Company's radar foundation data including void-free first return and bald-Earth 5m elevation models (DSM, DTM) and high resolution orthorectified radar imagery (0.625m ORI). The task order was originally announced on May 25, 2017 and previously extended on September 11, 2017.

Separately, Intermap has further announced that it collected radar imagery and generated flood extents for Harris County during Hurricane Harvey, including for Houston, TX.Harris County is the third largest county in the United States, by population. Intermap flood imagery was produced within 48 hours of deployment, providing analysts with high resolution imagery unobstructed by clouds and severe weather. Intermap's imagery has been made available to the Federal agencies responsible for disaster monitoring and recovery.

"Intermap has developed a market leading flood software to support the government, our insurance clients, and the general public with effective underwriting, claims, and risk management," commented Patrick Blott, Intermap Chairman and CEO. "These hurricanes generate great suffering. Our clients mitigate the financial burdens caused by extreme rain and storm surge by using better and more accurate property-level risk assessments, which are only available through InsitePro."

A consumer-facing version of InsitePro, Intermap's proprietary flood risk assessment software, has been made available to the public on InsitePro's Houston Flood Risk website at https://harvey.intermap.com. Detailed flood extents will be available to all InsitePro clients in October.

About Intermap Technologies

Headquartered in Denver, Colorado, Intermap (www.intermap.com) is an industry leader in geospatial intelligence solutions. These geospatial solutions are used in a wide range of applications including, but not limited to, location-based information, risk assessment, geographic information systems, engineering, utilities, global positioning systems, oil and gas, renewable energy, hydrology, environmental planning, land management, wireless communications, transportation, advertising, and 3D visualization. Intermap generates revenue from three primary business activities, comprised of i) data acquisition and collection, using proprietary, multi-frequency, radar sensor technologies, ii) value-added data products and services, which leverage the Company's proprietary NEXTMap® database and platform, together with proprietary software and fusion technologies, and iii) commercial applications and solutions, including a webstore and software sales targeting selected industry verticals that rely on accurate high resolution elevation data. The Company is a world leader in data fusion, analytics, and orthorectification, and has decades of experience aggregating data derived from a number of different sensor technologies and data sources, providing useful answers to geospatial problems. For more information please visit www.intermap.com.

Intermap Reader Advisory

Certain information provided in this news release, including the availability of detailed flood extents, constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", "will be" 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. You can find a discussion of such risks and uncertainties in our 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.

SOURCE Intermap Technologies Corporation




http://markets.businessinsider.com/news/stocks/Intermap-Technologies-Reports-Expanded-Task-Order-Hurricane-Response-1002644830

I strongly believe that they're going to begin capitalizing on all of the flooding we're seeing in the US.

I'm back in for 220K shares, and hope to add more over the next several weeks.

I've been impressed with the change of management with this company, and see them continuing to improve the bottom line and hopefully turn a profit very soon.

Also, while the massive DRC contract is for the most part dead, Orion is still alive and well and could be a game changer in terms of revenues.

With all of the flooding that's going on both here in the states as well as elsewhere around the world, it seems logical that companies as well as individuals would have interest in their mapping/software services.

How much more dead can this stock get?...

I believe peeps are missing out on this ITMSF at this level. Organic or pop this thing is going up, imo. Averaged from .30 now to .13 , fully loaded and things are close to happening for this re-framed US company. GLTA here.

Not quite. More like CEO and CFO were forced to walk the plank as Blott cleans house for Vertex.

CEO and CFO exit burning ship.

Trading halt started at 11:30am.

Press release yesterday

Intermap's $2.6 Million Mapping Services Contract Expanded to $4.2 Million
http://finance.yahoo.com/news/intermaps-2-6-million-mapping-100000405.html

Maybe. All depends on the next news release...company has to come out and provide a debt-refinancing update. They have become deathly quiet though so not sure what to expect here anymore.

Heading back to a nickle.

It's not a goner - remember Intermap has a pipeline of deals

Another Board change, more coming:

(TSX:IMP)

Intermap Reports Board Changes

DENVER, August 25, 2016 - (TSX: IMP) – Intermap Technologies Corporation ("Intermap" or the "Company"), a provider of location-based solutions, reports that effective August 24, 2016, Cary Ludtke will resign from his director role and instead serve as a strategic business advisor to the Company. “I want to thank Cary for the contribution he is making, and will continue to make expanding our commercial relationships. The Company will announce further board changes shortly”, said Patrick Blott, Chairman of Intermap.

About Intermap Technologies
Headquartered in Denver, Colorado, Intermap is a leading provider of geospatial solutions on demand with its secure, cloud-based Orion Platform®. Through its powerful suite of software applications and proprietary development of contiguous databases that fuse volumes of geospatial data into a single source, the Orion Platform is able to provide location-based solutions for customers in diverse markets around the world. For additional information, please visit www.intermap.com.

For more information, please contact

Rich Mohr
Senior Vice President & Chief Financial Officer
rmohr@intermap.com
+1 (303) 708-0955

Cory Pala
Investor Relations
cpala@evestor.com
+1 (416) 657-2400

Closing the gap.

ITMSF .27 - Patrick Blott of Blott Asset Management was named Chairman of the Board at ITMSF

Browsing the Blott Asset Management website it looks like a buyout could be coming

In addition to being effective in private markets, our private equity value strategies create unique investment opportunities in publicly traded securities. Going-private buyouts are one aspect of our public equity strategy. We also focus on capital structure arbitrage, de-leveraging recapitalizations, securitizations, carve-outs, spin-offs, distressed security and active-value investing, and hedging

ITMSF up another 19%+.

We should soon hear about the commencement of SDI #1 or even #2.

At least we are not seeing the stock price trickle back down to the low 20-cent range while we wait for the next news event to happen here. This will be exciting once we start getting some real news and the price moves up with more steady buying interest.

I agree that the latest $2M loan is a very good sign for things to come...not exactly sure what it's being used for, but it's a small enough amount that it's for something specific and not designed to keep the lights on for a short period.

I am locked & loaded, now let's get going!

Wednesday's PR about bridge financing tells me that the last financing deal as well as this one are more than likely intended to expand the company's Leerjet fleet which would cost a few million, and be needed to begin two major projects. reading between the lines, I get the sense that NSDI #2 may be ready to go within a few weeks or so, and that the company urgently needed to further expand their fleet.

Even if it's all about SDI #1, expanding the fleet should expedite the process of IFSAR mapping. Once their projects are complete they can either keep the retrofitted aircraft if need be or sell them off.



http://finance.yahoo.com/news/intermap-technologies-announces-us-2-091500500.html

Would not surprise me in the least - would actually surprise me if nobody knew anything about the financing (or SDI #2 being signed possibly) before a news release. Someone always knows something, long before the retail investor. Looks very nice today though. Lots more days like this ahead for us IMO. Would not surprise me if we get SDI #2 news before we finalize financing on #1 if the country is in fact Malaysia...looks like they have aggressive plans for 2nd half of this year.

Based on the action thus far, I wonder if somebody knows that financing has come through and that possible news could come after hours. Feels like it, as somebody's been tripping over themselves to get shares no matter the price.

Looks like it. I sure wish the MM would keep the spread smaller and also display the real Ask price...whenever I place a buy order, it fills under the current Ask price (I sure don't mind getting a better price, but just wish what was displayed was accurately reflecting what I could buy for...).

ITMSF wants to break out, IMO.

Here's another from the 5th. Haven't seen any official PRs on this news yet.

http://sensorsandsystems.com/the-channel-syndicate-subscribes-to-insitepro-for-underwriting-us-flood-insurance/

Agreed, especially with SDI #2 yet to be announced.

Yes, and even though up 40+% right now, stock price is still crazy, crazy cheap at this level.

It's nice to finally see an update, and even better to hear that they're very close to finalizing the deal.

Denver – July 5, 2016 (TSX:IMP) Intermap Technologies Corporation (“Intermap” or the “Company”), (TSX: IMP), (ITMSF: BB), a global provider of location based solutions, today provided an update on its previously announced $175 million contract (the “Contract”) for the creation, operation and maintenance of a national spatial data infrastructure (“SDI”) program (the “Project”).

In its 2016 first quarter financial results report dated May 12, 2016, the Company disclosed the expectation that the Project would commence during the second quarter upon the closing of the Project’s finance facility (the “Financing”). Intermap has been advised by the client that the Financing process is in its final phase with a leading multilateral financial institution. In accordance with the terms of the Contract, the Company is scheduled to receive a $12 million down payment upon the closing of the Project Financing, at which time the project will officially launch. Intermap has been working with the client to satisfy operational requirements and is pleased to confirm that it has received its required ITAR permit from the US State Department to operate its proprietary IFSAR technology in the client’s jurisdiction. The International Traffic in Arms Regulations (ITAR) are a set of United States Government regulations on the export and import of defense related articles and services, under which Intermap’s interferometric synthetic aperture radar (IFSAR) technology falls internationally.

“We continue to support the client in the path to the financial close of this landmark transaction,” said Todd Oseth, Intermap’s President and CEO. “The sheer complexity, both technical and financial, of this first-of-a-kind project, has led to some innovative solutions that would serve the Company well in the pursuit of similar projects in the future. We look forward to demonstrate our resources and capabilities in the client jurisdiction and beyond.”

From company's web site (no PR issued so far):

DENVER, June 28, 2016 - Intermap Technologies®, a leading provider of location-based intelligence solutions, today announced an InsitePro subscription from the Channel Syndicate, an underwriter in the Lloyd’s insurance marketplace. Syndicates at Lloyd’s underwrite business placed in the open market (usually via Lloyd’s Brokers) or delegate authority to an independent company which is approved as a Lloyd’s Coverholder.

For thos interested and in response to many private messages...YES ...They will definitely land other big accounts. and YES the royalty needs to be dealt with. Once that is out of the way , we will see true value in the share price. People are worried about the cost of the royalty . Will the company issue a huge number of shares ? we don't know. Will they need another loan to pay off the royalty ? we don't know. This is holding the share price down, otherwise without the royalty and debt I do not doubt we would be trading much higher than what we are today. We obviously know there is at least one more advanced sdi, but what we are not sure of is the unattractive royalty.At this point the reverse split to uplist is what worries me the least.

Now it is to see how the 17.5% royalty will be negotiated.

Everybody has lots of patience one way or the other.

what are you talking about ?? It will take many huge sdi s to get this going .

For someone who's so interested and acts as invested in this company - you tend to shoot yourself in the foot

nope.....

Give me a break, I found it posted on about 3 different boards, and if it is signed then it is signed. I guess the second sdi is priced in then. And so much for a 1$ stock. I think they will massively dilute this with the royalty negotiation.

I doubt they read this board, and unless that is insider information then posting it shouldn't matter.

Yes - but please delete that post and keep it to yourself - the contract isn't announced yet and the competition can poach this client.