Argo and Town of Caledon Announce Fall Smart Routing(TM) Launch

Executive Summary

• Argo Corporation announced a 15-month service agreement with the Town of Caledon to deploy its Smart Routing™ transit service, with an expected launch in Fall 2026.
• The agreement carries an aggregate fee of approximately $4.5 million for the initial term, plus additional potential fare revenue retained by Argo.
• The service will cover Caledon East, Bolton, and Mayfield West/Southfields, integrating with regional transit networks and marking Argo’s expansion to a third municipality.

Key Details

• Contract Value: Approximately $4.5 million aggregate fee for the initial 15-month term.
• Additional Revenue: Argo retains additional potential fare revenue from the service.
• Term & Extension: 15-month initial term; the Town has authorized a potential 12-month extension subject to applicable municipal approvals.
• Launch Timeline: Expected Fall 2026.
• Service Areas: Caledon East, Bolton, and Mayfield West/Southfields.
• Transit Connections: Integrates with GO Transit, Brampton Transit, and York Region Transit.
• Strategic Impact: Expands Argo’s Smart Routing™ infrastructure to a third municipality, supporting ongoing business development and network efficiency.
• Parties: Argo Corporation (TSXV: ARGH) (OTCQX: ARGHF) and the Town of Caledon.

Notable Quotes

• Mayor Annette Groves, Town of Caledon: “Caledon continues to explore innovative solutions to improve how residents move throughout our community... This pilot reflects our commitment to delivering accessible, efficient and sustainable transit options while embracing new technologies that have the potential to improve service for our residents.”
• Praveen Arichandran, CEO & Co-founder, Argo Corporation: “The Town’s leadership in exploring new approaches to public transit will improve accessibility, increase efficiency, and provide residents with a more convenient way to travel... The Caledon launch expands Argo’s Smart Routing™ infrastructure and service to a third municipality, enabling better connectivity for riders and enhanced efficiency across the Argo network.”