Forward-Looking Information
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate,” “estimate,” and “intend,” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. The forward-looking information set out in this news release relates to future events or our future performance and includes, without limitation, statements concerning future customer agreements, municipal expansion discussions, revenue growth potential from additional municipal agreements, revenue recognition from the Brampton agreement, service performance, the renewal of the BWG agreement through end of 2026, and related matters. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, as described in more detail in the Company’s securities filings available at www.sedarplus.ca. Material assumptions underlying the forward-looking information include: the successful renewal and expansion of existing municipal transit contracts, continued availability of government funding programs supporting zero-emission transit infrastructure, no material adverse outcomes from ongoing litigation matters, customer adoption rates consistent with initial deployment results, the Company’s ability to attract and retain key personnel, no material changes in the competitive landscape for on-demand transit services, stability in supply chain costs and availability of electric vehicles and charging infrastructure, the Company’s ability to secure additional financing, and continued operation as a going concern. Material factors that could cause actual results to differ materially include: failure to renew municipal contracts on favorable terms, reduced government funding for transit modernization, adverse litigation outcomes, lower than expected customer adoption, supply chain disruptions, competition from alternative transit solutions, inability to raise additional capital, and the Company’s ability to continue as a going concern. Actual events or results may differ materially from those projected in the forward-looking statements, and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. See “Cautionary Note Regarding Forward-Looking Information”, ”Financial Risk Management Objectives And Policies” and “Other Business Risks and Uncertainties” in the Company’s 2025 Annual MD&A for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks, and assumptions carefully when evaluating forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation and regulatory requirements.