Mr. Mark Binns reports

CARRIER CONNECT DATA SOLUTIONS SIGNS DEFINITIVE AGREEMENT TO ACQUIRE ROCHESTER DATA CENTER ASSETS FROM ROCHESTER COLO LLC

Carrier Connect Data Solutions Inc., through its wholly owned subsidiary PureColo Inc., has entered into a definitive asset purchase agreement with Rochester Colo LLC, a leading provider of co-location services in upstate New York.

Based in Rochester, N.Y., Rochester Colo operates an enterprise-class, carrier-neutral data centre providing secure co-location and related infrastructure services to customers across upstate New York, the broader northeast and beyond. The facility is designed to support mission-critical customer requirements with reliable power, cooling, network connectivity, physical security and independently audited operational controls.

With an established customer base and available expansion capacity, Rochester Colo provides Carrier and PureColo with an immediate U.S. operating platform and a strategic foothold in the Tier 2/3 data centre market. Its combination of scalable infrastructure, carrier-neutral connectivity and responsive service aligns directly with Carrier's strategy of acquiring and growing high-quality data centre assets.

Rochester Colo is currently generating approximately $885,000 in annual recurring revenue, with more than 60-per-cent capacity still available. Upon the successful closing of the transaction, Carrier's top-line revenue is expected to grow by approximately 15 to 17 per cent immediately.

Pursuant to the terms of the agreement, the company will, among other things, acquire, through its wholly owned subsidiary, the principal business assets of the data centre business owned and operated by Rochester Colo. In consideration for the proposed acquisition, the company will pay $250,000 (U.S.) in cash to Rochester Colo upon closing, $25,000 (U.S.) of which has already been paid as a deposit, and issue 800,000 common shares in the capital of the company to Rochester Colo. The consideration shares will be escrowed and released in four equal tranches at six, 12, 18 and 24 months following closing.

The closing of the proposed acquisition is expected to occur on Aug. 15, 2026, or as otherwise agreed by the parties. The proposed acquisition is an arm's-length transaction. No finders' fees are payable by either the company or Rochester Colo in connection with the proposed acquisition. The closing of the proposed acquisition is subject to certain customary closing conditions, including, but not limited to, the acceptance of the TSX Venture Exchange.

Mark Binns, chief executive officer of Carrier, commented: "We are thrilled to be adding our first U.S. located data centre into the portfolio, now numbering six data centres. The immediate revenue growth is impactful, but having capacity to sell in New York and the U.S. is equally exciting and will be a driver of growth in short order. We look forward to announcing new customer deals in the near future."

About Carrier Connect Data Solutions Inc.

Carrier's mission is to roll up Tier 2/3 data centres internationally that specialize in delivering co-location and data centre solutions to artificial intelligence companies, service providers, enterprises and small businesses. Data centres are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives and network equipment. As a carrier-neutral organization, Carrier's systems are fully independent and owned outright within its leased space. The current principal markets for the company are Vancouver, Ottawa and Saint John, Canada, and Perth, Australia, where it serves clients which use its facilities either as their primary data centre or as an ancillary site depending on their needs.

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