Mr. Todd Ziniuk reports

ZEDCOR INC. ANNOUNCES EXPANSION INTO RETAIL SECURITY WITH MOBILEYEZ SERVICE AGREEMENT FOR A LEADING NORTH AMERICAN HOME IMPROVEMENT RETAILER

Zedcor Inc. has been awarded a rental and service agreement to provide MobileyeZ security towers for a leading North American home improvement retailer.

After a three-month pilot program which began in June, 2023, with locations tested in Vancouver, Calgary and London, Ont., Zedcor's customer has entered into a master rental services agreement with Zedcor to provide MobileyeZ security towers with 24/7 live, verified monitoring at numerous locations across Canada until September, 2026. As of the start of the agreement, Zedcor is providing MobileyeZ at 10 locations and the customer may expand the number of locations throughout the term of the agreement. It may also expand the number of security towers per location. Based on Zedcor's initial estimates, the agreement is approximately $240,000 of annual revenue with the potential for expansion.

Retail-sector theft is a pervasive problem that poses significant challenges to the industry. In 2022, the National Retail Federation estimated that theft cost retailers approximately $112-billion across North America. This is a significant issue which, based on the company's initial pilot with the customer, Zedcor can help reduce with the company's MobileyeZ solution.

Todd Ziniuk, president and chief executive officer of Zedcor, said: "The retail sector is a major growth area for Zedcor and we plan to allocate significant resources in order to increase our presence in the space. Given the size of the problem, the total addressable market size is very large, and we believe the MobileyeZ solution provides significant benefits, including cost reductions for our customers. Based on our pilot project, Zedcor was able to significantly reduce incidents at the three locations. Retail theft impacts everyone from consumers to small business owners and communities. Helping retailers reduce their losses due to theft aligns with our mission to improve the security and safety of communities we operate in. We are proud to offer our unique solution and tailor it to the needs of our customer, and look forward to growing our relationship with them."

About Zedcor Inc.

Zedcor is a Canadian public corporation and is the parent company to Zedcor Security Solutions Corp. Zedcor is a technology-enabled business that is changing how physical security services are provided to businesses. Zedcor operates throughout Canada, with service centres in British Columbia, Alberta, Manitoba and Ontario, and Texas, with a service centre in Houston.

The company operates a fleet of over 700 proprietary MobileyeZ security towers, equipped with high-resolution, technology-based cameras, and monitors fixed site locations for customers across various industries. Video from security towers and fixed site locations is streamed to the company's central monitoring station where video alarms are live verified and responded to based on customer requirements. Zedcor also offers high-level security guard services to enterprise-level customers which are looking to supplement video-based security for valuable, high-risk or mission-critical operational assets.

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