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Zedcor Inc. Announces 2020 Year End Results and Continued Expansion of MobileyeZ Fleet
Calgary, Alberta--(Newsfile Corp. - April 9, 2021) -  Zedcor Inc. (TSXV: ZDC) (the "Compa...
About this update from Zedcor Inc
[{"type":"text","content":"Zedcor Inc. Announces 2020 Year End Results and Continued Expansion of MobileyeZ FleetCalgary, Alberta--(Newsfile Corp. - April 9, 2021) -  Zedcor Inc. (TSXV: ZDC) (the \"Company\") today announced its financial and operating results for the year ended December 31, 2020 and continued expansion of its MobileyeZ fleet of security towers, including investment in environmentally friendly options.Expansion of MobileyeZ fleet:Due to increased customer demand, the Company continues to innovate and invest in its fleet of security towers, including investment in environmentally friendly options to help customers meet their carbon reduction targets. As at December 31, 2020, the Company had 130 solar hybrid security towers in its fleet (\"Solar Hybrid MobileyeZ\"). 84 of these towers were equipped with disturbance sensors. Subsequent to the end of the year, the Company announced the purchase of 20 additional Solar Hybrid MobileyeZ in order to satisfy customer demand. These security towers are equipped with solar panels and lithium-ion batteries; the solar panels power the batteries during the day, and coupled with diesel fuel allow for uninterrupted security coverage at night, substantially decreasing overall fuel consumption in comparison to a diesel-powered alternative.During the year, the Company developed a fully electric security tower (\"Electric MobileyeZ\"). The Electric MobileyeZ are zero emission and easy to deploy allowing customers to simply plug into any existing electrical power source. Once plugged in, the Electric MobileyeZ provide immediate, 24/7 Live Verified security for customers. The Company built and deployed 14 additional electric security towers in Q4 bringing its total fleet to 26 Electric MobileyeZ. Zedcor remains committed to providing environmentally friendly security solutions for our customers. The Company is currently in the process of developing a security tower that is powered entirely by solar power, removing the need for any diesel or other power sources. This will provide additional options to our customers and further reduce the Company's carbon footprint. Financial and Operating Results for the Year Ended December 31, 2020:Three months ended December 31Twelve months ended December 31(in $000s)2020201920202019Revenue3,9673,38413,76216,962Adjusted EBITDA1,21,7891,3055,9136,832Adjusted EBIT1,2833(741...