Intermap Concludes 2023 Annual General Meeting

Reaffirming 2023 revenue guidance of $8 – 10 million

Robust pipeline driven by strong recurring commercial subscriptions and government contract awards

CALGARY, Alberta, June 29, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced the conclusion of its Annual General Meeting (the “Meeting”) on June 29, 2023. A total of 18,554,350 Class A common shares of Intermap (“Common Shares”) were represented in person or by proxy at the Meeting.

During the AGM, Intermap reaffirmed its 2023 revenue guidance of $8 – 10 million and showcased its commitment to innovation, cutting-edge technology and global geospatial solutions. The meeting served as a platform for the Company's leadership to present key updates, financial results and operational highlights, including strategic outlook, pipeline and priorities. Today’s presentation can be found on Intermap’s website here.

“We are continuing to grow our data margin by investing in automation, reducing fixed costs, employing AI/ML innovation and leveraging government-sponsored R&D,” said Patrick A. Blott, Intermap Chairman and CEO. “Our revenue growth is driven by recurring commercial subscriptions and government contract awards. With our unique remote sensor capability and patented processing technology, we are poised to capitalize on the increasing demand for precision geospatial data, delivered seamlessly and rapidly around the world.”

Intermap’s shareholders voted in favor of all items of business put forward at the Meeting, being the election of all nominated directors, the reappointment of KPMG LLP as the auditors of the Company, and the replenishment and addition of the number of Common Shares issuable under the Company’s Omnibus Incentive Plan, as more fully described in the Company’s management information circular dated May 26, 2023, a copy of which is available under the Company’s profile on SEDAR at www.SEDAR.com.

The votes in respect of the election of directors are as follows:

					Votes by Ballot
Nominee			Result of Vote		Votes For		Votes Withheld/Against
	Patrick A. Blott		Elected		10,759,512