Mr. Mark Binns reportws

CARRIER CONNECT DATA SOLUTIONS STRENGTHENS LEADERSHIP TEAM WITH STRATEGIC CORPORATE DEVELOPMENT APPOINTMENT

Carrier Connect Data Solutions Inc. has appointed Aleem Nathwani to lead the company's corporate development efforts, effective immediately.

Mr. Nathwani brings more than 20 years of private and public market experience, with a significant focus on the data-centre, cloud and technology sectors. Throughout his career, he has been involved with early-stage and growth-stage companies and has held a number of senior positions where he has played pivotal roles in business development, corporate development, commercialization and strategic partnerships.

At Telus Communications (TSX: T), Mr. Nathwani was involved in the early development and commercialization of the company's data-centre portfolio, helping drive business development initiatives that contributed to the portfolio scaling to multimillion-dollar revenues.

Mr. Nathwani was also one of the earliest employees at Nutanix (Nasdaq: NTNX), a leader in cloud infrastructure, prior to its initial public offering. During his more than seven years with the data-centre technology company, he played key roles across business development, sales and channel partnerships during a period of significant growth. During his tenure, Nutanix raised in excess of $300-million in private capital and achieved a valuation in excess of $1-billion prior to becoming a publicly traded company.

Mr. Nathwani commented: "Carrier is at an exciting inflection point, with a significant pipeline of customer demand and a clear opportunity to expand its data-centre capacity to meet that demand. The company has built a strong operational platform and an experienced team positioned to scale. I look forward to supporting Carrier's capital markets strategy, expanding key industry relationships and identifying strategic opportunities to accelerate growth and create long-term shareholder value."

The company also announces that it has granted 100,000 incentive stock options to Mr. Nathwani in accordance with its stock option plan. Such options are exercisable at a price of $1.36 until Aug. 21, 2036 of which 25,000 vest at six months following the date of grant, 25,000 vest at 12 months following the date of grant, 25,000 vest at 18 months following the date of grant, and 25,000 vest at 24 months following the date of grant, all subject to applicable hold periods.

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 artificial-intelligence companies, service providers, enterprises and small businesses.

We seek Safe Harbor.