Intermap Technologies a global leader in 3D geospatial products and intelligence solutions announced a contract to supply its latest high-precision NEXTMap elevation data to a global spacecraft/launch/communications operator to be used for simulation, regulatory compliance and global situational awareness, including ground station RF interference modeling. Intermap leverages its commercial archive of 3D geospatial data, the world’s largest, and proprietary AI/ML software and processing algorithms to empower its clients with critical as-a-service infrastructure they can easily use to solve various terrain, sub-surface and space-based applications.
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The digital twin market for simulation modeling is expected to grow to US$110 billion by 2028, which is a 61% CAGR (source). Prior to this award, for the first half of the year, Intermap grew its monthly recurring revenue (MMR) by 12%, delivering its market leading 3D models through user-friendly, vertically focused data as-a-service solutions. Recurring revenue now accounts for approximately 80% of commercial revenue and 67% of total revenue, compared with Nil in 2017. The Company’s first and largest commercial vertical market, insurance, is experiencing rapid growth, supported by Intermap data, and driven by a 9.1% 2023 increase in rates, as natural catastrophes, climate change and war have led to insurers and re-insurers raising their written premiums.
Intermap’s seamless elevation models are increasingly needed by satellite operators around the world as terrestrial infrastructure and services are developed. Intermap’s NEXTMap digital elevation models, provisioned with market leading proprietary software and services, provide clients with consistent, uniform, accurate 3D information anywhere on Earth. For Intermap’s space industry customers, these new capabilities enable near real-time assessments of line of sight, field of view and RF transmission and interference for multiple prospective ground station locations.
“Not even rockets can launch today without precise 3D data. With this award, Intermap becomes a critical supplier for civil, defense and commercial customers in a rapidly expanding space and digital twin simulation industry,” said Patrick A. Blott, Intermap Chairman and CEO. “Our highly precise global 3D models and vertically targeted exploitation software will be instrumental in supporting the future of advanced insurance, communication, navigation and transportation.”
Intermap’s sensed elevation data is a non-synthetic 3D global product. The Company’s patented processing and seamless mosaics provide clients with key information that synthetic data fails to provide when creating precise digital twins for critical commercial, scientific and military applications. A rapid increase in Low Earth Orbit (LEO) satellites, especially those providing broadband internet connectivity, requires corresponding ground station infrastructure to control the satellites as well as relay the data being sent through them. Intermap’s models and supporting tools allow LEO constellation operators to quickly monitor, assess and report ground stations for performance, safety, suitability and regulatory compliance.
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Intermap specializes in collecting, processing and delivering through software as-a-service, highly valuable and precise 3D elevation data, at scale, that is suitable for critical government and commercial purposes. High quality elevation data is becoming more critical with the number and frequency of satellites and spacecraft that are launched. The Company is currently supporting United States Geological Survey (facilitating NASA’s Artemis III moon landing simulations), National Geospatial-Intelligence Agency (facilitating low-latency 3D foundation data) and U.S. Air Force (facilitating PNT and alternative navigation). In 2018, Intermap’s elevation models, 3D vectors and exploitation tools were vital during the Thai soccer team cave rescue. The Company leveraged its archive to provide rapid situational awareness, connecting the terrain with below-ground cave patterns and identifying the best access points and drainage for drilling locations. As the space and digital twin industries grow, Intermap expects to continue facilitating modeling, simulation, signal propagation, site assessment, PNT, regulatory compliance and situational awareness for civil, defense and private sector customers as they upgrade their space infrastructure for safety, suitability and new mission requirements.
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