Mr. Jon Faber reports

PASON SYSTEMS INC. REPORTS VOTING RESULTS OF DIRECTOR ELECTIONS

Pason Systems Inc. has released the director election results from its annual and special meeting of shareholders held on May 2, 2024. Six nominees were elected as directors of Pason Systems to hold office until the next annual meeting of shareholders of Pason Systems or until their successors are elected or appointed.

About Pason Systems Inc.

Pason Systems is a leading global provider of specialized data management systems for drilling rigs. The company's solutions, which include data acquisition, wellsite reporting, remote communications, Web-based information management and analytics, enable collaboration between the rig and the office. Through Intelligent Wellhead Systems Inc. (IWS), Pason Systems also provides engineered controls, data acquisition and software to automate workflows and processes for oil and gas well completions operations, improving wellsite safety and efficiency. Through Energy Toolbase Software Inc. (ETB), it also provides products and services for the solar power and energy storage industry. ETB's solutions enable project developers to model, control and monitor economics and performance of solar energy and storage projects.

Pason Systems' common shares trade on the Toronto Stock Exchange under the symbol PSI.