Mr. Mark Binns reports

CARRIER CONNECT DATA SOLUTIONS SECURES CAD $88.9 MILLION FIVE-YEAR DATA CENTER CONTRACT FOR ATLANTA EXPANSION

Carrier Connect Data Solutions Inc.'s wholly owned subsidiary, PureColo USA Inc., has signed a landmark five-year customer agreement covering the entire four-megawatt (MW) capacity of its newly added Alpharetta, Ga., data centre.

The agreement represents approximately $88.9-million in potential billings over five years at the initial three MW deployment rate, including power charges and marks a significant milestone in Carrier's strategy of rapidly converting data centre infrastructure into long-term recurring revenue.

Leveraging the existing 25 MW LOI (see news release July 13, 2026), the agreement was secured as a result of Carrier acquiring and announcing the addition of Alpharetta to its portfolio, demonstrating the company's ability to efficiently match existing, power-enabled infrastructure with substantial customer demand.

The customer has placed a multimonth deposit with PureColo USA and is scheduled to begin its initial three MW deployment on Nov. 1, 2026. Deployment planning is already under way.

At the initial three MW deployment, monthly billings are expected to total approximately $1.05-million (U.S.) ($1.48-million) comprising $750,000 (U.S.) in service revenue and approximately $300,000 (U.S.) in power charges. These billings start in full on Nov. 1, 2026. This equates to an annualized billing run rate of approximately $17.8-million.

The contract covers the full four MW capacity, with the remaining one MW expected to be deployed within three to six months. At full deployment, monthly billings are expected to increase to approximately $1.4-million (U.S.), representing over $23.7-million in annualized billings.

A transformational milestone for Carrier Connect

Mark Binns, chief executive officer of Carrier Connect, commented:

"This is a transformational milestone for Carrier Connect and one of the most significant commercial achievements in our company's history.

"Within days of adding Alpharetta to our portfolio, we have secured a five-year customer agreement representing approximately $17.8-million in revenue, and established a pathway to more than $23.7 million in annualized billings from a single facility.

"The speed and scale of this achievement demonstrate exactly why we believe our business model is so compelling. We are not simply acquiring data centre capacity; we are identifying existing, power-enabled infrastructure and rapidly converting it into substantial, long-term recurring revenue opportunities.

"We expect Alpharetta to generate EBITDA margins at 25 to 30 per cent once stabilized, creating the potential for meaningful recurring free cash flow.

"Importantly, this is just the first four MW of our previously announced 25 MW customer letter of intent, leaving another 21 MW of potential customer demand to contract.

"We believe Alpharetta provides a powerful blueprint for our future expansion. As we continue securing additional infrastructure, our objective is to replicate this success and build a significantly larger, revenue-generating data centre platform.

"For our shareholders, this agreement represents a major inflection point in Carrier's growth trajectory, as we demonstrate our ability to translate infrastructure expansion into substantial commercial contracts. We believe we are entering an exciting new chapter in Carrier Connect's development."

Building momentum for continued growth

The Alpharetta facility, comprising approximately 184,553 rentable square feet, currently receives four MW of power from Georgia Power and has a potential pathway to restore its historical 10 MW power allocation, subject to utility requirements and customer demand.

This agreement represents the first four MW contracted against the company's previously announced 25 MW customer letter of intent dated July 13, 2026. The remaining 21 MW represents additional potential customer demand, subject to future definitive agreements.

Carrier continues to actively pursue additional powered data center facilities as it executes its strategy of expanding its global infrastructure footprint and building a scalable platform of recurring-revenue assets.

Due to commercial confidentiality, the customer's identity will not be disclosed.

About Carrier Connect Data Solutions Inc.

Carrier Connect Data Solutions' mission is to roll up Tier II/III data centres internationally that specialize in delivering co-location and data centre solutions to AI 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. The current principal markets for the company are Vancouver, Ottawa and Saint John, Canada, Rochester and Atlanta, United States, and Perth, Australia. Carrier operates through two wholly owned subsidiaries -- PureColo Inc. and PureColo USA Inc.

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