Information Services to deliver system to Ont. ministry

Mr. Shawn Peter reports ISC SIGNS AGREEMENT WITH GOVERNMENT OF ONTARIO TO DELIVER NEW DIGITAL RECORDS SYSTEM FOR PROPERTY INFORMATION Information Services Corp. has entered into an agreement with Ontario's Ministry of Environment, Conservation and Parks to deliver a new digital record system. The project is part of MECP's modernization of property information program, which is focused on improving access to environmental property information across Ontario. "This project exemplifies how ISC drives digital transformation through scalable and secure solutions that enhance access to essential records and clearly aligns with our expertise in land and property-related registries and solutions," stated Shawn Peters, president and chief executive officer of Information Services. "We look forward to working with the government of Ontario to implement a system that improves access to environmental property records, supports faster response times and helps enable land development across the province." Under an initial nine-year term, with extension options available at the sole discretion of the government, Information Services will develop and operate a digital record system that includes system design, security and privacy frameworks, quality assurance and testing, and continuing support. The system will digitize and redact millions of legacy property records. This initiative will improve response times for environmental property information requests related to soil, water and contamination. It will also help facilitate land transactions and support decision making tied to land development across Ontario. "The Ontario government receives over 9,000 property-related information requests each year to support land transactions worth more than $40-billion," said Todd McCarthy, Minister of the Environment, Conservation and Parks. "With ISC's support, the move to a secure, self-service portal will be a game-changer for builders -- reducing wait times from around 30 days to as little as three -- and giving the industry the tools it needs to deliver housing faster and keep our economy strong." Information Services will begin implementation in August, 2025, with the system anticipated to launch in 2027. The new digital portal will provide 24-seven self-service access to environmental property records. It is expected to enable faster, more efficient service and reduce reliance on the current freedom of information process for property-related information. As the chosen partner for MECP, Information Services will deliver the solution through its registry operations and technology solutions business segments. The company will be responsible for the design, development and continuing operations of the new digital record system. 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. We seek Safe Harbor.