Mr. Jason Zandberg reports

BLACKLINE SAFETY ANNOUNCES Q2 2026 RESULTS AND PROVIDES UPDATE ON FRANCISCO PARTNERS TRANSACTION

Blackline Safety Corp. has filed its interim condensed consolidated financial statements and management discussion and analysis (MD&A) for the three and six months ended April 30, 2026.

G8 product update

During the quarter, Blackline continued the commercial rollout of its new G8 connected safety wearable. Industry recognition for the company's connected safety platform has been strong, with G8 receiving the Best IoT Connected Device award in the Occupational Health & Safety (OH&S) Industrial Hygiene Awards, while Blackline Live, the company's cloud-connected monitoring platform, was recognized as Best Software. Together, these awards highlight the strength of Blackline's integrated connected safety ecosystem.

Customer response to G8 since its January launch has been encouraging, with early adopters providing positive feedback on usability, communication capabilities and field performance. Customers have highlighted G8's expanded connectivity coverage in areas that previously required additional infrastructure, the dedicated push-to-talk button and remote speaker microphone that enhance field communication and response co-ordination, improved audio quality, a larger and brighter display with intuitive navigation, precise location capabilities that support faster emergency response, and ease of deployment with minimal training requirements. Customers have also noted practical benefits from the integrated flashlight, particularly in low-light and confined-space work environments.

Francisco Partners transaction

On April 8, 2026, Blackline Safety entered into a definitive arrangement agreement, pursuant to which an affiliate of Francisco Partners Management LP will acquire all of the issued and outstanding shares of the company for total consideration of up to $9.50 per share, comprising $9 per share in cash at closing plus one contingent value right (CVR) of up to 50 cents per share. A special meeting of shareholders is scheduled to be held on June 15, 2026, to approve the plan of arrangement. Subject to receipt of shareholder, court and all remaining regulatory approvals, the transaction is currently expected to close sometime in late calendar Q2 or early calendar Q3.

The company's financial statements, MD&A, and related filings are available under the company's profile on SEDAR+ and on the company's investor relations website.

About Blackline Safety Corp.

Blackline Safety is a technology leader driving innovation in the industrial work force through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards 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 customers in more than 75 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 336 billion data points and initiated over eight million emergency alerts.

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