Original News Release
Information Services selected for int'l registry
Mr. Shawn Peters reports
ISC SELECTED TO BUILD AND OPERATE THE FUTURE INTERNATIONAL REGISTRY FOR MINING, AGRICULTURE AND CONSTRUCTION EQUIPMENT
Information Services Corp. has been selected through a competitive global process to establish, build and operate the future international registry for mining, agriculture and construction equipment. Through a wholly owned subsidiary, Information Services will serve as the registrar of the international registry for an initial five-year term, with extension options available.
The international registry will create a secure, global platform to register interests in high-value equipment, improving access to financing and reducing legal risk. The MAC Protocol, as part of the Cape Town Convention, creates a clear international legal framework for registering security interests in high-value mining, agriculture and construction equipment. This improves lender confidence, lowers legal risk and supports wider access to secured financing, especially in developing markets where credit is often limited.
"This is a significant step in advancing access to secured finance for the mining, agriculture and construction sectors," said Shawn Peters, president and chief executive officer of Information Services. "We are honoured to deliver a secure, efficient and reliable international registry and look forward to collaborating with Unidroit and the MAC Working Group to advance the protocol toward implementation."
Information Services will manage the international registry through its registry operations and technology solutions business segments, leveraging its expertise in building secure, scalable systems globally.
About Information Services Corp.
Headquartered in Canada, Information Services is a leading provider of registry and information management services for public data and records. Throughout its history, it has delivered value to its clients by providing solutions to manage, secure and administer information through its registry operations, services and technology solutions segments. Information Services is focused on sustaining its core business while pursuing new growth opportunities. The Class A shares of Information Services trade on the Toronto Stock Exchange under the symbol ISC.
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