Mr. Tony Busseri reports
ROUTE1 ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF APPROXIMATELY C$500,000
Route1 Inc. has arranged a non-brokered private placement of units at a price of 7.5 cents per unit for gross proceeds of up to $500,000.
Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 10 cents for a period of 18 months following the issue date of the units.
The company intends to use the net proceeds of the offering to finance the development of Route1's actionable business intelligence (ABI) software application.
Certain insiders may subscribe for units under the offering. The issuance of units to such insiders will constitute a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements set out in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively.
The offering is expected to close in multiple tranches. The first tranche is anticipated to close on or about Nov. 19, 2025, or such other date as the company may determine. Closing of the offering is subject to customary conditions, including the acceptance of the TSX Venture Exchange.
Version 4.0 -- AI (artificial intelligence) co-pilot
To be released in early 2026, Route1's co-pilot will be an AI operations co-pilot that acts as a force multiplier -- exponentially extending staff capability. It will be purpose built to optimize parking operations by combining advanced machine learning with a secure, scalable platform that keeps control of sensitive data in-house.
The system will run on a dedicated on-premises AI infrastructure, including three GPU (graphics processing unit) servers, backed by shared storage, solid-state checkpointing and high-speed networking, to deliver consistent low-latency performance.
Sized for state-of-the-art 13B-70B models, Route1's AI co-pilot will be designed for continuous refinement and understanding of unique parking operations and how socioeconomic factors and decisions can impact those operations in real time. Engineered for adaptive learning through feedback, measurement and refinement cycles, Route1's AI co-pilot will empower the company's clients to achieve even more in the future by unlocking advanced capabilities such as event-aware staffing, predictive compliance sweeps, pro-active curb allocation and strategic "what if" investment planning. The more it is used, the stronger it becomes -- growing into a domain-specialized AI expert in parking operations.
About Route1 ABI
Through a single intuitive interface, parking professionals can instantly evaluate current operations against dynamic benchmarks developed by Route1's domain experts. Route1's real-world benchmarks are segmented by enforcement and parking, providing intelligent baselines for live performance indicator tracking and trend analysis.
Built-in analytics drive higher visibility, tighter accountability and measurable impact at every layer of a user's operation, including:
- Uncovering latent revenue opportunities;
- Optimizing curbside usage;
- Monitoring parking facility usage, including occupancy, and dwell and turnover times;
- Visualizing compliance -- the good, the bad and the ugly.
Route1 processes raw ALPR streams directly from the company's end-user's mobile and fixed ALPR cameras, providing the most complete, accurate and timely operational picture in the industry. The company's technology ensures that every visualization reflects ground truth 0- allowing for confident, data-backed decision in real time.
About Route1 Inc.
Route1 is an advanced North American technology company that empowers their clients with data-centric solutions necessary to drive greater profitability, improve operational efficiency and gain sustainable competitive advantages, while always emphasizing a strong cybersecurity and information assurance posture. Route1 delivers exceptional client outcomes through real-time secure delivery of actionable intelligence to decision makers. Route1 is listed in Canada on the TSX Venture Exchange under the symbol ROI.
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