Ms. Jennifer Bakken reports

GENERALI EXPANDS DEPLOYMENT OF INTERMAP'S AI-ENABLED RISK PLATFORM IN CENTRAL AND EASTERN EUROPE

Intermap Technologies Corp. has expanded its collaboration with Generali Group to enhance underwriting, risk management and portfolio modelling across Central and Eastern Europe. Under the extended agreement, Poland, Hungary and Slovenia will be added to Generali's deployment of Intermap's aquarius risk management and analytics (RMA) solution.

The expanded coverage enables broader quantification of natural hazard and climate-related risks across these key markets, supporting the full insurance life cycle from underwriting and accumulation management through reinsurance and claims response. By combining Intermap's automated risk analysis with authoritative geospatial data products, the solution helps solve complex large-scale problems that were previously impractical to address with accuracy and consistency. The platform integrates software, data and automation to help insurers transform massive volumes of location-based risk information into actionable intelligence.

Central Europe remains one of Europe's most climate-exposed regions. In September, 2024, Storm Boris caused catastrophic flooding across multiple countries, resulting in approximately $4.3-billion in total losses, of which $2.1-billion were insured, highlighting a protection gap exceeding $2.2-billion, according to Munich Re's NatCatSERVICE in January, 2025 -- underscoring the growing need for high-resolution risk intelligence across the region.

Generali, one of the world's largest integrated insurance and asset management groups, combines strong regional presence with advanced technical expertise. By leveraging Intermap's high-resolution 3-D terrain data and peril analytics, Generali enhances underwriting precision, improves accumulation control and strengthens claims responsiveness across corporate, SME (small and medium-sized enterprises) and retail segments.

"By expanding our collaboration with Intermap to the highly exposed markets of Poland, Hungary and Slovenia, we strengthen our ability to assess natural catastrophe risks with greater precision," said Samuele Borghi, chief insurance officer non-life at Generali CEE Holding and head of CEE Global Corporate and Commercial at Generali. "Equipping our teams with advanced geospatial intelligence for risk evaluation and regional accumulation control further enhances our underwriting and risk management capabilities."

"This collaboration expansion reinforces Intermap's growing role within the European insurance market," said Patrick A. Blott, chairman and chief executive officer of Intermap. "As climate volatility increases, insurers require consistent, high-resolution risk intelligence that scales across markets. Aquarius RMA provides Generali with a unified analytics platform to support underwriting discipline, portfolio resilience and capital allocation decisions across Central Europe. We are proud to deepen our partnership with one of the world's leading insurance groups. Recurring services revenue currently accounts for approximately 80 per cent of Intermap's revenue."

About Intermap Technologies Corp.

Founded in 1997 and headquartered in Denver, Colo., Intermap (Toronto Stock Exchange: IMP; OTCQB: ITMSF) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3-D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the company provisions diverse, complementary, multisource data sets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap's 3-D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world's largest collection of multisensor global elevation data, the company's collection and processing capabilities provide multisource 3-D data sets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap's products and solutions include defence, aviation and UAV (unmanned aerial vehicle) flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas, and transportation.