Intermap Technologies (IMP) investor relations material

Deal rationale and strategic fit

• Adds PCI/CATALYST optical image processing, cloud applications and distributed edge processing to 3D geospatial data, AI/ML analytics and SAR capabilities.

• PCI applications extend decision-ready intelligence into thousands of existing geospatial workflows, bringing processing closer to customers and reducing latency.

• Customer-driven acquisition combines complementary capabilities, shared relationships and IP, and similar cultures to support cross-selling and broader delivery.

• Expanded offering targets commercial, government and defense markets through cloud-native applications, APIs and Data-as-a-Service.

• Commercial geospatial represents ~2% of a $650 billion market, which McKinsey estimates could grow to $2 trillion.

Financial terms and conditions

• Acquired all remaining PCI shares for $7.7 million in cash under an arrangement agreement; transaction closed Oct. 7, 2026.

• 2027 commercial guidance is $12–$15 million in revenue, described as 100% growth, 50%+ contribution margins and ~$5 million Adjusted EBITDA; excludes government procurements.

• Acquisition is expected to double recurring revenue and adds more than 30,000 installed licenses across 150+ countries.

• Closing liquidity was ~$14 million, excluding >$150 million in third-party credit support arranged for Indonesia's binding RFB procurement.

Synergies and expected cost savings

• Joint accounts are generating synergies; combined offerings are expected to support cross-selling, higher pricing power and additional high-margin revenue.

• Bundling proprietary data with software can improve automation and decision quality, support longer contracts and expand recurring subscriptions.

• More than 30,000 installed licenses across 150+ countries create pathways to commercialize AI/ML image processing and downstream products.