Mr. Mark Binns reports

CARRIER CONNECT DATA SOLUTIONS SIGNS LETTER OF INTENT TO DELIVER 25 MEGAWATTS OF DATA CENTER SPACE

Carrier Connect Data Solutions Inc. has signed a non-binding letter of intent (LOI) pursuant to which Carrier would place up to 25 megawatts of AI (artificial intelligence) computing demand for a single customer, who is under a non-disclosure agreement (NDA) at this time, within Carrier's global co-location data center network, within 12 months.

The LOI contains indicative base pricing, but is subject to negotiated location specific pricing, with three months of retained deposit payable upon any purchase order signing. At full scale, the deployment of 25 megawatts could generate approximately $95-million in annual recurring revenue for Carrier.

As purchase orders are executed for specific deployments in connection with the LOI, the company will issue a more comprehensive news release disclosing further details of the proposed transaction. There is no assurance that purchase orders will be successfully negotiated or executed by the parties.

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. As a carrier-neutral organization, Carrier's systems are fully independent and owned outright within its leased space. The current principal markets for the company are Vancouver, Ottawa and Saint John, Canada, and Perth, Australia, where it serves clients who use its facilities either as their primary data centre or as an ancillary site depending on their needs.

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