Zedcor Renews Three-Year Contract with Leading Home Improvement Retailer
Rhea-AI Summary
Zedcor (TSXV: ZDC, OTC: ZDCAF) renewed a three-year rental and service contract to provide its proprietary MobileyeZ™ security towers and Live, Verified Video Monitoring™ services to a leading home improvement retailer in Canada. The agreement maintains a long-standing relationship and allows deployments to scale with the customer's evolving needs, supporting Zedcor's highly recurring revenue model.
The relationship has expanded from an initial 10 MobileyeZ™ towers to over 70 units across the retailer's stores, warehouses, and construction or renovation projects. According to Zedcor, the renewal highlights the effectiveness of its solutions in reducing in-store theft and reinforces its strategy of growing with blue-chip customers across North America.
Positive
- Three-year contract renewal supports multi-year revenue visibility
- Deployment growth from 10 to over 70 MobileyeZ™ units with same customer
- Expanded use across stores, warehouses, construction and renovation projects
- Renewal with leading home improvement retailer strengthens blue-chip customer base
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Calgary, Alberta--(Newsfile Corp. - August 5, 2026) - Zedcor Inc. (TSXV: ZDC) ("Zedcor" or the "Company") is pleased to announce that it has renewed a three-year rental and service contract to provide its proprietary MobileyeZ™ security towers and Live, Verified Video Monitoring™ services to a leading home improvement retailer in Canada. The renewal extends a long-standing relationship and reflects the continued value the Company's technology-enabled security solutions deliver to blue-chip customers across North America.
Under the renewed agreement, Zedcor will continue to provide turnkey mobile surveillance and live monitoring services in support of the retailer's operations, with the flexibility to scale deployments as the customer's needs evolve. The multi-year term provides Zedcor with continued revenue visibility, consistent with the highly recurring nature of the Company's business model.
The renewal underscores the strength of Zedcor's customer relationships and the effectiveness of its Live, Verified Video Monitoring™ platform in deterring crime and protecting customer assets. It also reflects the Company's continued focus on industry-leading service levels and data-supported efficiency outcomes for enterprise customers. What began as a contract to provide ten MobileyeZ™ towers at the customer's retail stores has grown over time, with Zedcor now providing over 70 units with solutions across the customer's retail stores, warehouses, and new construction and major renovation projects.
Todd Ziniuk, President and CEO of Zedcor, commented: "After starting a small trial in two locations more than 3 years ago, we are proud to extend our relationship with one of Canada's leading home improvement retailers. We have grown our relationship with this customer to become their trusted mobile security solutions provider for their locations across Canada. We have also started to provide unique solutions beyond the parking lots utilizing our ZBox product. This has led to meaningful results, including reductions to in-store theft, and renewals like this speak to the trust our customers place in Zedcor focusing on the tangible results our solutions deliver. As we continue to grow across North America, retaining and expanding relationships with blue-chip customers remains central to our strategy."
About Zedcor Inc.
Zedcor Inc. (TSXV: ZDC) is disrupting the traditional physical security industry through its proprietary MobileyeZ™ security towers by providing turnkey and customized mobile surveillance and live monitoring solutions to blue-chip customers across North America. The Company continues to expand its established MobileyeZ™ platform in Canada and the United States, with emphasis on industry leading service levels, data-supported efficiency outcomes, and continued innovation. Zedcor services the Canadian market through equipment and service centers located in British Columbia, Alberta, Manitoba, and Ontario. The Company continues to advance its U.S. expansion, with the capacity to service various markets through physical branch locations in Texas, Arizona, Colorado, Nevada, Florida, Pennsylvania, Tennessee and California, with continued expansion expected throughout 2026.
Forward-Looking Statements and Information
Certain statements included in this press release constitute forward-looking statements or forward-looking information. Forward-looking statements or information can be identified by terminology such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "budget", "should", "project", or similar words suggesting future outcomes or expectations. In particular, forward-looking statements and information contained in this press release include, but are not limited to, the expected term and scope of the renewed contract, the potential to scale deployments over time, anticipated revenue visibility, the Company's ability to retain and expand relationships with customers, and the Company's second half expansion plans and the number of service locations to be opened. Although the Company believes that the expectations implied in such forward-looking statements or information are reasonable, undue reliance should not be placed on these forward-looking statements or information because the Company can give no assurance that such statements or information will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of assumptions about the future and uncertainties, including current forecasts and utilization. Although management of the Company believes these expectations and assumptions reflected in these forward-looking statements or information to be reasonable, there can be no assurance that any forward-looking statements or information will prove to be correct, and actual results may differ materially from those anticipated in such statements or information. For this purpose, any statements or information contained herein that are not statements or information of historical fact may be deemed to be forward-looking statements or information and readers should not place undue reliance on such forward-looking statements or information. The forward-looking statements or information contained in this press release are made as of the date hereof and the Company assumes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new contrary information, future events or any other reason, unless the Company is required by any applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.
For further information, contact:
Todd Ziniuk
President & Chief Executive Officer
P: 403-930-5430
E: tziniuk@zedcor.com
Amin Ladha
Chief Financial Officer
P: 403-930-5430
E: aladha@zedcor.com
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307981