Mr. Dave Gurnsey reports

ALTUS GROUP AND ST. FRANCIS XAVIER UNIVERSITY ANNOUNCE INNOVATIVE TECHNOLOGY COLLABORATION AGREEMENT

Altus Group Ltd. and St. Francis Xavier University have signed a technology collaboration agreement. The agreement provides Altus Group with exclusive worldwide commercialization usage rights of St. Francis Xavier's vehicle-based Emissions Attribution via Computational Techniques (ExACT) gas leak detection technology. Altus Group's geomatics division will offer St. Francis Xavier's ExACT technology as a service for energy providers and regulators.

The patented ExACT technology allows for detecting and mapping the emission of ground-sourced greenhouse gases into the atmosphere. The ExACT sensor is mounted on a vehicle and collects near-ground geochemical readings that are uploaded to a cloud-based database and allows for real-time analysis.

"Collaborating with St. Francis Xavier is another example of how we're continuously innovating to serve our clients," said Dave Gurnsey, president of Altus Geomatics, Altus Group. "We're pleased to have the exclusive rights to commercialize this leading-edge, best-in-class technology. This new service will add value to our clients by providing greater visibility into emissions and will complement our geospatial data management solutions."

The ExACT survey technology is capable of covering a large region at a very fine scale, which provides operators with the detailed data and analytics they require to detect leaks before they become a regulatory issue. The ability to identify emissions in an efficient and cost-effective manner allows producers to minimize the economic cost of lost commodities and maximize environmental protection.

"Altus Group is perfectly positioned to make the most of this technology, given its expertise in big data and analytics and its great people across the country. The industry is moving towards greener, cleaner and lower-risk operations, and Altus Group will play an important role in that transition," said Dr. Dave Risk, associate professor and project lead, St. Francis Xavier University.

About Altus Group Ltd.

Altus Group is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. Headquartered in Canada, the company has approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific.