Business
Zedcor Inc. Provides Mid-Year Update, Highlighting 88% Growth in Tower Fleet, Strong Utilization Rates and Expansion of Weekly Tower Production to 35 Units
Calgary, Alberta--(Newsfile Corp. - July 9, 2025) - Zedcor Inc. (TSXV: ZDC) ("Zedcor" or the...
About this update from Zedcor Inc
[{"type":"text","content":"Zedcor Inc. Provides Mid-Year Update, Highlighting 88% Growth in Tower Fleet, Strong Utilization Rates and Expansion of Weekly Tower Production to 35 UnitsCalgary, Alberta--(Newsfile Corp. - July 9, 2025) - Zedcor Inc. (TSXV: ZDC) (\"Zedcor\" or the \"Company\") is pleased to provide a mid-year operational update, highlighting continued momentum from its MobileyeZTM fleet growth, strong utilization, production milestones, product innovation, and operational advancements across geographies and customer segments, including:MobileyeZTM Fleet Growth of 88% year-over-year to 1,882 towers as of June 30, 2025, representing sequential quarter-over-quarter growth of 20%, with utilization rates exceeding 90%Production Milestone achieved as weekly tower production is running at 35 units per week, while the Company has produced its 1,000th unit from its manufacturing facility in Houston, TexasProduct Innovation continued as deployments of the newly designed, wall-mounted ZBox units eclipsed 115 in Canada Sales Advancements including significant growth across new and existing customers in residential construction and the expansion of services to North America's leading home improvement retailer in Canada, with more planned for the remainder of 2025Demand for Zedcor's mobile surveillance technology remains robust with fleet-wide utilization rates exceeding 90% in the second quarter of 2025 and fleet expansion of 88% year-over-year at the end of June 2025. This represents 20% sequential quarter growth, while towers in markets outside of Canada and Texas grew 30% sequentially. Sales discussions are taking place with new and prospective enterprise-level customers, consistent with the Company's strategy of targeting customer footprints that can support large-scale, systematic tower deployments. Results include the provision of mobile surveillance solutions to five additional stores with North America's leading home improvement retailer, with additional locations expected to be added in the second half of the year, and the exploration of new use concepts for a potential expansion of services to drive new growth opportunities.The fleet size exited the quarter at 1,882 towers, with 746 units deployed in the U.S. The Company's Texas operations advanced as scheduled, with local manufacturing operations recently producing its 1,000th tower, and th...