Zedcor Inc. announced that it has been awarded a rental and service agreement to provide MobileyeZ security towers for a leading North American home improvement retailer (the "Customer"). After a three-month pilot program which began in June 2023 with locations tested in Vancouver, Calgary and London, Ontario, Customer has entered into a master rental services agreement (the "Agreement") with Zedcor to provide MobileyeZ security towers with 24/7 live, verified monitoring at numerous locations across Canada until September 2026. As of the start of the Agreement, Zedcor is providing MobileyeZ at ten locations and the Customer may expand the number of locations throughout the term of the Agreement.

They may also expand the number of security towers per location. Based on initial estimates, the Agreement is approximately $240,000 of annual revenue1 with the potential for expansion. Retail sector theft is a pervasive problem that poses significant challenges to the industry.

In 2022, the National Retail Federation estimated that theft cost retailers approximately $112 billion across North America2. This is a significant issue which, based on initial pilot with the Customer, Zedcor can help reduce with MobileyeZ solution.