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Blackline Safety Corp
Symbol BLN
Shares Issued 72,257,223
Close 2023-05-30 C$ 2.62
Market Cap C$ 189,313,924
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Blackline expands Calgary site manufacturing capacity

2023-05-31 11:01 ET - News Release

Mr. Kevin Meyers reports

BLACKLINE SAFETY EXPANDS MANUFACTURING CAPACITY TO MEET GROWING CUSTOMER DEMAND

With global demand for its industry-leading connected safety wearables at an all-time high, Blackline Safety Corp. has expanded its manufacturing capacity at its Calgary, Alta., headquarters. The expansion -- which is poised to increase Blackline's production capacity by 30 to 50 per cent -- was achieved by repurposing the company's existing space.

The announcement comes on the heels of a milestone year which saw the company's global customer base climb to 1,800, with 150,000 workers protected by the company's game-changing safety wearables across North America, Europe, Middle East, Australia and New Zealand.

Over the past year, global demand for Blackline's real-time connected safety technology grew an average of 30 per cent, while product rentals rose 214 per cent and the company's cartridge line saw 165-per-cent growth.

"Amid the rising demand for our products, the expansion enables us to assemble increased volumes of products on site and maintain Blackline's industry-best lead times for order fulfilment," said Kevin Meyers, Blackline Safety chief operating officer. "Our customers depend on Blackline to keep their workers safe, and we are committed to ensuring product availability and reliability to meet the needs of our growing user base as we transform the industrial workplace through state-of-the-art technology."

Blackline's expanded manufacturing area now spans more than 11,850 square feet on the main floor of its headquarters -- a 49-per-cent increase in space. The repurposing was made possible due to space being freed up as a result of more employees choosing a hybrid work model, and by moving the company's development facilities to the building's second floor.

Blackline's breakthrough technology is cloud-based, featuring GPS-enabled safety sensors and devices that leverage the Internet of Things (IoT) to connect workers to live monitoring. The platform includes high-performance emergency response and evacuation management capabilities as well as contract tracing. It connects employees with software that pinpoints their location, enables back-and-forth information sharing, and collects vital data, making it possible to detect the exact location of a gas leak or determine how often workers are travelling through high-risk areas. The company's wearables are offered in two robust models -- one connected through a cellular network and another through satellite.

About Blackline Safety Corp.

Blackline Safety is a technology leader driving innovation in the industrial work force through IoT. With connected safety devices and predictive analytics, Blackline enables companies to drive toward zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software, and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with coverage in more than 100 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 200 billion data points, and initiated over seven million emergency alerts.

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