Intermap Announces $1 Million Program in Malaysia and Business Updates - Seite 3

“Our insurance business is off to a strong start in 2024,” said Mr. Blott. “In the last 12 months, 87% of total insurance business was generated by recurring subscriptions to our risk assessment software. In Europe, we are expanding relationships with current clients to offer our solutions wherever they operate. We are projecting our insurance business to continue growing at a CAGR of more than 20% over the next few years.”

Intermap’s audited annual financial statements for the year ended December 31, 2023, the annual management discussion and analysis for the corresponding period, related management certifications of annual filings and its annual information form will be filed and available on SEDAR+ at www.sedarplus.ca on April 1, 2024.

Learn more about Intermap’s government solutions at intermap.com/collection.

Learn more about the Indonesian mapping program at intermap.com/indonesian-mapping-program.

Learn more about Intermap’s global insurance solutions at intermap.com/insurance.

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Certain information provided in this news release, including reference to revenue growth and run-rate, 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.