Zedcor Inc. announced that it has expanded its rental and service agreement to provide MobileyeZ security towers at 23 sites for a leading North American home improvement retailer. There are ten additional store locations and thirteen locations across Canada for the Customer's capital initiatives program, including new store builds or major renovations. Additionally, the Company reported the retirement of a note payable ("Note") which has been outstanding since 2016 and was due to a director of the Company.

Under the terms of the expanded agreement with the Customer, Zedcor will provide MobileyeZ security tower and monitoring coverage to an additional 10 store locations in Canada, bringing the total MobileyeZ coverage for the Customer in Canada to 21 stores and two distribution centres. In addition to the award of 10 new store locations, the Company has been awarded thirteen locations for the Customer's new store construction and renovations projects. These sites will be located across Canada and the majority of these projects will start construction in the second half of 2024.