Carrier Connect Data Solutions Inc. Signs Non-Binding Letter of Intent to Acquire Saint John Data Center Assets from Carbon60

Vancouver, British Columbia–(Newsfile Corp. – January 26, 2026) – Carrier Connect Data Solutions Inc. (TSXV: CCDS) (OTCQB: CCDSF) (WKN: A40XB1) (the “Company” or “Carrier“) is pleased to announce that the Company, through its wholly owned subsidiary PureColo, has entered into a non-binding letter of intent (the “LOI“) with Carbon60 Operating Co. Ltd. (“Carbon60“), a leading provider of professional and managed services across multiple cloud platforms.

Pursuant to the terms of the LOI, the Company will, among other things, acquire, through its wholly owned subsidiary, the principal business assets of the data center business owned and operated by Carbon60 (the “Proposed Acquisition“). In consideration for the Proposed Acquisition, the Company will pay $1,600,000 in cash to Carbon60 upon closing, $100,000 of which has already been paid as a fully refundable deposit, and an additional $150,000 three months following closing, subject to applicable reductions for liabilities or payables incurred.

No finder’s fees are payable by either the Company or Carbon60 in connection with the Proposed Acquisition.

The parties anticipate entering into a definitive agreement by no later than February 15, 2026 and completing the Proposed Acquisition shortly thereafter. The Proposed Acquisition is subject to a number of conditions, including but not limited to, the parties successfully entering into the Definitive Agreement, the receipt of all necessary approvals, and certain other closing conditions, including the completion of satisfactory due diligence by the Company.

This transaction is a further example of Carbon60’s ongoing commitment to the Saint John, NB and broader Canadian Maritime market. Ryan Smyth, President and Chief Executive Officer of Carbon60, commented, “By bringing Carrier Connect’s co-location expertise into the region to manage the data center facilities, this transaction enables Carbon60 to continue to operate in those same facilities while sharpening its focus on providing tailored cloud consulting and managed services across private cloud, AWS, Azure, and GCP platforms for our Maritime customers.”

Mark Binns, Chief Executive Officer of the Carrier, commented, “The Saint John data center is the perfect addition to the Carrier portfolio, giving us national coverage from British Columbia to Atlantic Canada. We are acquiring an excellent portfolio of long term customers and a facility that will be highly autonomous to manage, with expansion possibilities.”

About Carrier Connect Data Solutions Inc.

Carrier Connect Data Solutions’ mission is to roll up Tier II/III data centers internationally that specialize in delivering co-location and data center solutions to AI companies, service providers, enterprises and small businesses. Data centers are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives, and network equipment. As a carrier-neutral organization, Carrier’s systems are fully independent and owned outright within its leased space. The current principal markets for the Company are Vancouver and Ottawa, Canada and Perth, Australia, where it serves clients who use its facilities either as their primary data center or as an ancillary site depending on their needs.

ON BEHALF OF THE BOARD OF DIRECTORS

“Mark Binns”

Mark Binns, CEO

For further information, please contact:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Such forward-looking statements or information are provided to inform the Company’s shareholders and potential investors about management’s current expectations and plans relating to the future and include, but are not limited to, (i) expectations regarding closing times, and receipt of necessary approvals; (ii) expectations concerning the Company’s ability to close the Proposed Acquisition and the acquisition of Carbon60’s assets, including the timing thereof; (iii) the outcomes of its due diligence investigations regarding Carbon60 and the terms of the LOI, including any changes to the structure of the Proposed Acquisition or the acquisition of the assets and the ability of the Company to realize the benefits of the contractual agreements it intends to acquire; and (iv) expectations regarding the Company’s business plans and operations.

Forward-looking statements or information are based on a number of factors and assumptions that have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company.

Forward-looking information also involves known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, reliance on key management and other personnel, and the risk factors with respect to the Company set out in the Company’s filings with the Canadian securities regulators and available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281547

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