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. The words "anticipate", "expect", "project", "estimate", "forecast", “will be”, “will consider”, “intends” and similar expressions are intended to identify such forward-looking statements. Learn more about Intermap’s European offerings visit /european-solutions.Ĭertain information provided in this news release, including reference to revenue growth, constitutes forward-looking statements. Intermap is entering this large global market at an inflection point, where an environment of interest rate volatility awards a premium for accurate pricing, with a unique product and dominant market position in Europe, executing the same proven go to market strategy that made InsitePro successful in North America. The global real estate software market was valued at US $9.34 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2021 to 2028 ( Source). Intermap’s global natural hazard risk database is available globally for real estate property valuation, representing a market that is complementary to Intermap’s principal insurance market. Our brokers are equipped with our Stormm application on a tablet, which greatly facilitates and speeds up work in a range of activities.” “Intermap’s risk data is obtained from the NEMO Report property risk database so we can offer accurate property risk valuation to clients. “M&M Reality’s company-wide information system, Stormm, includes flood hazard maps and tariff zones created, which are used by the insurance market in the Czech Republic under the support of the Czech Insurance Association,” said Aleš Gorniak, M&M Reality IT Director. We greatly appreciate this partnership with Intermap because it contributes to raising the standard of information transparency on the Czech real estate market, which is our long-term goal,” concluded Jan Záhora. “Now, all brokers of M&M Reality have quick and convenient access to this data. “We see ease of access to information, speed of obtaining it, automation and intelligent work with data as key catalysts for changes in the Czech real estate market, leading to greater efficiency and transparency,” said Jan Záhora, Co-founder and CEO of NEMO Report. “Our flood risk assessment solution provides real estate and insurance brokers with precise flood hazard maps and analytics to accurately provide coverage for clients.” “Intermap’s partnership with NEMO Report has established our presence in the Czech real estate market, and this new contract demonstrates the potential to grow into a dominant market position,” said Patrick A. Intermap’s flood risk solution for property valuation is now being offered to 2,000 real estate brokers through M&M Reality. NEMO Report is setting a new standard in the Czech market for verifying available risk information for properties. Statistically, every fourth property in the Czech Republic is located in a zone with a higher or lower degree of flood risk. NEMO Report has completed its initial proof of concept subscription with Intermap and is preparing to introduce a service that will change how the market prices real estate properties. Providing access to flood risk solution for 2,000 real estate brokers in the Czech RepublicĬontinuing to grow business across EuropeĭENVER, Ma(GLOBE NEWSWIRE) - Intermap Technologies (TSX: IMP OTCQX: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced that its partner, NEMO Report, has signed a contract with the largest real estate broker in the Czech Republic, M&M Reality Holding (“M&M Reality”), to offer real estate brokers access to Intermap’s flood risk information in the Czech Republic.
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