Zedcor expands credit facility to $75-million

Executive Summary

• Zedcor Inc. has expanded its credit facility with National Bank of Canada by an incremental $25.0 million, bringing the total committed borrowing availability to $75.0 million.
• The expansion coincides with the operational launch of a new manufacturing facility and monitoring center in Houston, Texas, which now exceeds a production capacity of 50 MobileyeZ towers per week.
• The company aims to use the non-dilutive capital to support growth investments in its tower fleet, sales force, and enterprise customer efforts, targeting meaningful fleet scaling by the end of 2026.

Key Details

• Financing Structure: The credit facility consists of $75.0 million in fully committed capital and an additional uncommitted $25.0 million accordion feature.
• Lender: National Bank of Canada.
• Terms: Terms are otherwise unchanged from those previously announced on October 6, 2025.
• Operational Milestone: The new manufacturing facility and monitoring center in Houston, Texas, are now operational as scheduled.
• Production Capacity: Weekly production capabilities at the new Houston facility now exceed 50 towers.
• Deployment Metrics: The company exited 2025 with more than 2,750 MobileyeZ towers deployed.
• Strategic Goal: Focus remains on scaling the fleet meaningfully by the end of 2026, with additional upside from targeted enterprise deployments.
• Geographic Expansion: The company continues to expand its U.S. presence, with service locations in Texas, Denver (CO), Phoenix (AZ), Las Vegas (NV), Sacramento (CA), and Jacksonville (FL).

Notable Quotes

• "We are excited to expand our relationship with National Bank and are thankful for their continued partnership in our growth journey. This enables us to fund strategic growth initiatives, strengthens our balance sheet and reinforces confidence in our business plan as we scale our security platform across Canada and the United States." — Todd Ziniuk, President and CEO