Mr. Paul Sakrzewski reports

COPPERLEAF ANNOUNCES STRATEGIC ALLIANCE WITH SIEMENS TO OPTIMIZE INVESTMENT AND TECHNICAL GRID PLANNING; PARTNERSHIP ADDRESSES EVOLVING NEEDS OF ENERGY INDUSTRY AND SUPPORTS TRANSITION TO MORE SUSTAINABLE FUTURE

Copperleaf Technologies Inc. has struck an alliance with Siemens Smart Infrastructure, a leading provider of grid planning, operations and maintenance software, and a domain expert in power systems and grid control. This strategic partnership will combine Siemens's expertise with Copperleaf's industry-leading enterprise software solutions, to help transmission system operators (TSOs) and distribution system operators (DSOs) make investment decisions that deliver the highest business value.

Copperleaf and Siemens have entered into a co-innovation partnership to integrate technical planning with value-based investment planning. This joint innovation will allow utilities to get the most out of their existing assets and optimally plan for the necessary changes to the electrical grid to address the energy transition in the coming decades. This integrated approach bridges traditional planning siloes to maximize technical, financial, environmental and social performance.

"By bringing together Siemens's domain knowledge and advanced software solutions and Copperleaf's industry-leading asset investment planning (AIP) capabilities, TSOs and DSOs will gain comprehensive insights to generate capital efficiencies and maximize the value of their investments," commented Paul Sakrzewski, Copperleaf chief executive officer. "This approach will help organizations achieve sustainable growth while meeting the increasing demands of their businesses and complying with essential environmental, social and governance (ESG) regulatory mandates."

"We are excited to join forces with Copperleaf. A key focus of this collaboration will be to integrate and optimize technical and investment planning to increase the potential for cost savings and improved reliability. Well-informed investment decisions help utilities unlock much-needed grid capacity," added Sabine Erlinghagen, CEO of Grid Software at Siemens Smart Infrastructure. "As the world embarks on an ambitious journey towards a more sustainable and decarbonized energy future, the complexities and challenges faced by the energy industry have never been greater. It is imperative that organizations adopt a holistic approach, considering both the strategic and operational aspects of their assets and businesses."

About Copperleaf Technologies Inc.

Copperleaf provides enterprise decision analytics software solutions to companies managing critical infrastructure. It leverages operational and financial data to empower its clients to make investment decisions that deliver the highest business value. What sets Copperleaf apart is its industry-leading products and its commitment to providing extraordinary experiences, shaped by people who care deeply and partnerships that stand the test of time. Copperleaf is actively involved in shaping and implementing global industry standards and sustainability principles through its participation in the United Nations Global Compact, the Institute of Asset Management and other organizations. Headquartered in Vancouver, Canada, Copperleaf's solutions are distributed and supported by regional staff and partners worldwide.

About Siemens

Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source -- with products, systems, solutions and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland. As of Sept. 30, 2022, the business had around 72,700 employees worldwide.

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