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Intermap Completes Acquisition of PCI GeomaticsAccelerates Intermap’s technology roadmap into distributed edge processing and microservices, extending proven and secure AI/ML analytics across thousands of autonomous geospatial workflows Doubles recurring revenue, opening new commercialization pathways for Intermap’s AI/ML-driven image processing and downstream products, including solution enhancements for 30,000+ existing licenses in the commercial space market Speeds delivery of decision-ready intelligence throughout Intermap’s asset-light platform, integrating our AI/ML analytics, large-scale, real-time, multi-domain 3D data with value-added software and APIs spanning complete-spectrum remote sensing on Earth, in the air, under sea and in space Introducing 2027 commercial revenue guidance of $12–$15 million (+100% growth), with 50%+ contribution margins DENVER, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in multi-domain geospatial intelligence powered by proprietary 3D data and AI/ML analytics, today announced the completion of its acquisition of PCI Geomatics Group Inc. (“PCI,” operating as CATALYST). PCI puts Intermap technology into thousands of existing workflows and brings processing closer to where customers use the data. The acquisition is expected to double Intermap’s recurring revenue, adds more than 30,000 installed licenses across over 150 countries that can benefit from our proven commercial-grade AI/ML analytics and significantly expands the Company’s global distribution. In addition, it extends Intermap’s capabilities from proprietary 3D data and AI/ML analytics into optical image processing and distributed edge processing, while creating SAR processing opportunities for PCI software, supporting $12–$15 million of commercial revenue in 2027. Geospatial customers increasingly require faster autonomous edge-based solutions that deliver AI/ML-ready data that is sensor agnostic and incorporates better ground positioning with precise 3D context. This combination extends rapid, automated machine-to-machine processes, at scale, already proven effective and adopted throughout Intermap’s insurance segment. These capabilities reduce latency while improving data quality, oversight, security and sovereignty. PCI’s cloud-native applications and relationships across the commercial space ecosystem can now provide customers with accelerated decision-ready intelligence. “Strong growth in our commercial verticals demonstrates that better data drives better decisions. Now we are pushing these capabilities closer to the edge through the software and agreements already in our customers’ hands, without disruption to workflows, enabling access to the world’s best 3D data, where and when our customers need it. By extending Intermap’s capabilities through PCI applications installed globally, we give customers a complete offering—from sourcing the data and imagery they need faster, to providing decision-ready intelligence, with better results,” said Patrick A. Blott, Chairman and CEO of Intermap. “Our priority is to deliver those solutions and turn our vertically integrated technology stack into accelerated growth.” The acquisition broadens Intermap’s capabilities and customer reach across government, defense and commercial markets. The Company intends to expand access to its data and analytics through cloud-native applications, APIs and Data-as-a-Service, while developing solutions that connect PCI’s image processing capabilities with Intermap’s AI/ML models, SAR processing technologies and archive to generate decision-ready intelligence within customers’ existing workflows. “Our customers need to turn imagery into information they can use,” said June McAlarey, President and CEO of PCI and Executive Vice President of Intermap responsible for the commercial business. “Combining PCI’s distributed edge processing capabilities with Intermap’s proprietary 3D data, processing and analytics gives us more ways to solve those problems and reduce latencies.” Transaction and financial outlook At closing, available liquidity was approximately $14 million, excluding more than $150 million of third-party credit support, arranged for Indonesia’s outstanding and binding RFB procurement. For the year ending December 31, 2027, Intermap expects commercial revenue of $12–$15 million and Adjusted EBITDA1 of approximately $5 million. This outlook assumes no contribution from government procurements, which have uncertain timing, including in Indonesia. Due to timing uncertainties, these government programs will not factor into revenue guidance this year or next, prior to their contract award. Investor call Unless otherwise indicated, all dollar or “$” references are expressed in USD. Intermap Reader Advisory _____________________________ 1 Adjusted EBITDA is a non-GAAP measure. See “Non-GAAP Measures” below. Non-GAAP Measures Adjusted EBITDA is a non-GAAP measure. EBITDA consists of net loss and excludes financing costs, financing income, taxes, depreciation and amortization. Adjusted EBITDA also excludes share-based compensation and foreign currency translation. The Company believes that Adjusted EBITDA provides additional information of the Company’s operations on a continuing basis by eliminating certain non-cash and non-operating charges. See “Reconciliation of Non-GAAP Measures” in the Company’s Management’s Discussion and Analysis for the quarter ended June 30, 2026 filed on SEDAR+ and EDGAR for a reconciliation of Adjusted EBITDA from its most directly comparable measure calculated in accordance with IFRS, net loss, which reconciliation is incorporated by reference herein. About Intermap Technologies About CATALYST (PCI) For more information, please visit www.intermap.com or contact: Sean Peasgood 
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