Zedcor Provides Operations Update, Highlighting Record Quarterly Growth of Fleet Size, Geographic Expansion in the U.S. and Significant Manufacturing Milestones
Zedcor (TSXV: ZDC) reported significant operational growth in Q4 2024, with its MobileyeZ tower fleet reaching 1,333 units, marking a record quarterly expansion of 182 units. The company achieved 62% year-over-year fleet growth, with over 80% of new units allocated to U.S. operations.
The company expanded its presence in multiple U.S. markets, including Atlanta, Houston, Dallas, San Antonio, Austin, Denver, and Phoenix, maintaining 97% utilization in the U.S. and over 90% in Canada. Manufacturing capabilities improved to over 15 units per week in Q4, with capacity to produce 100 towers monthly in Q1 2025.
Zedcor plans to add 1,200 new units by the end of 2025, supported by expanded manufacturing operations in Houston and a new 24/7 Live, Verified Monitoring center opening in first half 2025.
Zedcor (TSXV: ZDC) ha riportato una significativa crescita operativa nel quarto trimestre del 2024, con la sua flotta di torri MobileyeZ che ha raggiunto 1.333 unità, segnando un'espansione record di 182 unità rispetto al trimestre precedente. L'azienda ha raggiunto una crescita del 62% su base annua della flotta, con oltre l'80% delle nuove unità destinate alle operazioni negli Stati Uniti.
L'azienda ha ampliato la sua presenza in numerosi mercati statunitensi, tra cui Atlanta, Houston, Dallas, San Antonio, Austin, Denver e Phoenix, mantenendo un utilizzo del 97% negli Stati Uniti e oltre il 90% in Canada. Le capacità produttive sono migliorate a oltre 15 unità a settimana nel quarto trimestre, con una capacità di produrre 100 torri mensilmente nel primo trimestre del 2025.
Zedcor pianifica di aggiungere 1.200 nuove unità entro la fine del 2025, supportata dall'espansione delle operazioni di produzione a Houston e dall'apertura di un nuovo centro di monitoraggio live e verificato 24 ore su 24, 7 giorni su 7, nella prima metà del 2025.
Zedcor (TSXV: ZDC) reportó un crecimiento operativo significativo en el cuarto trimestre de 2024, con su flota de alcanzando 1,333 unidades, marcando una expansión trimestral récord de 182 unidades. La compañía logró un crecimiento del 62% interanual de la flota, con más del 80% de las nuevas unidades asignadas a operaciones en EE. UU.
La compañía amplió su presencia en múltiples mercados de EE. UU., incluyendo Atlanta, Houston, Dallas, San Antonio, Austin, Denver y Phoenix, manteniendo un 97% de utilización en EE. UU. y más del 90% en Canadá. Las capacidades de fabricación mejoraron a más de 15 unidades por semana en el cuarto trimestre, con capacidad para producir 100 torres mensualmente en el primer trimestre de 2025.
Zedcor planea agregar 1,200 nuevas unidades para finales de 2025, respaldado por la expansión de las operaciones de fabricación en Houston y la apertura de un nuevo centro de monitoreo en vivo y verificado, disponible las 24 horas, los 7 días de la semana, en la primera mitad de 2025.
Zedcor (TSXV: ZDC)는 2024년 4분기에 상당한 운영 성장을 보고하며, MobileyeZ 타워 플릿이 1,333대로 증가하여 분기별 기록 성장인 182대를 달성했습니다. 회사는 전년 대비 62%의 플릿 성장을 달성했으며, 새로운 유닛의 80% 이상이 미국 내 운영에 배정되었습니다.
회사는 애틀랜타, 휴스턴, 댈러스, 샌안토니오, 오스틴, 덴버, 피닉스를 포함한 여러 미국 시장에서의 입지를 확장하며, 미국에서 97%의 가동률과 캐나다에서 90% 이상의 가동률을 유지했습니다. 4분기 동안 주당 15대 이상의 유닛을 생산할 수 있는 제조 능력이 향상되었으며, 2025년 1분기에는 매월 100개의 타워를 생산할 수 있는 능력을 갖추게 되었습니다.
Zedcor는 2025년 말까지 1,200개의 새로운 유닛을 추가할 계획이며, 이는 휴스턴에서의 제조 운영 확장과 2025년 상반기 중 24시간 실시간 검증 모니터링 센터 개설로 지원됩니다.
Zedcor (TSXV: ZDC) a annoncé une croissance opérationnelle significative au quatrième trimestre 2024, avec sa flotte de tours MobileyeZ atteignant 1 333 unités, marquant une expansion trimestrielle record de 182 unités. L'entreprise a réalisé une croissance de 62 % de sa flotte d'une année sur l'autre, avec plus de 80 % des nouvelles unités allouées aux opérations aux États-Unis.
L'entreprise a élargi sa présence sur plusieurs marchés américains, notamment Atlanta, Houston, Dallas, San Antonio, Austin, Denver et Phoenix, maintenant une utilisation de 97 % aux États-Unis et plus de 90 % au Canada. Les capacités de fabrication se sont améliorées à plus de 15 unités par semaine au 4ème trimestre, avec une capacité de production de 100 tours par mois au 1er trimestre 2025.
Zedcor prévoit d'ajouter 1 200 nouvelles unités d'ici la fin de 2025, soutenue par l'élargissement de ses opérations de fabrication à Houston et l'ouverture d'un nouveau centre de surveillance en direct et vérifié 24/7 dans la première moitié de 2025.
Zedcor (TSXV: ZDC) berichtete im 4. Quartal 2024 von einem signifikanten operativen Wachstum, wobei die MobileyeZ Türme eine Anzahl von 1.333 Einheiten erreichten, was eine Rekordquartalssteigerung von 182 Einheiten darstellt. Das Unternehmen erzielte ein Wachstum der Flotte um 62% im Vergleich zum Vorjahr, wobei über 80% der neuen Einheiten für die Operationen in den USA vorgesehen sind.
Das Unternehmen expandierte in mehreren US-Märkten, darunter Atlanta, Houston, Dallas, San Antonio, Austin, Denver und Phoenix, und hielt eine Auslastung von 97% in den USA und über 90% in Kanada aufrecht. Die Produktionskapazitäten verbesserten sich im 4. Quartal auf über 15 Einheiten pro Woche, mit der Fähigkeit, im 1. Quartal 2025 monatlich 100 Türme zu produzieren.
Zedcor plant, bis Ende 2025 1.200 neue Einheiten hinzuzufügen, unterstützt durch erweiterte Fertigungsanlagen in Houston sowie die Eröffnung eines neuen 24/7 Live, Verifiziertes Überwachungszentrums in der ersten Hälfte von 2025.
- Record fleet expansion to 1,333 units, representing 62% YoY growth
- High utilization rates: 97% in U.S. and over 90% in Canada
- Manufacturing capacity increased to 100 towers per month
- Successful geographic expansion into multiple U.S. markets
- Doubled manufacturing floor space in Houston
- None.
Calgary, Alberta--(Newsfile Corp. - January 14, 2025) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to provide a year-end operations update, demonstrating continued execution on growth of fleet size, ongoing U.S. expansion, and progress on manufacturing activities. Specifically, the Company highlights:
- MobileyeZ™ tower fleet hit 1,333 at year-end 2024, a record quarterly expansion of 182 units from the end of the third quarter 2024, with greater than
80% of new units allocated to U.S. operations
- Expanded to Atlanta in Q4 2024, while expansion in other US regions continues to progress with improved presence in Houston, Dallas, San Antonio and Austin, as well as Denver, and Phoenix
- Currently at
97% utilization in the U.S., with sustained strong utilization in Canada over90% , as the Company remains focused on highly profitable growth
- Manufacturing capabilities have improved markedly, averaging more than 15 units per week in Q4 and the Company has the ability to manufacture 100 towers per month in Q1 2025
Zedcor's fleet size expanded significantly in Q4 2024, exiting December at 1,333, representing
Zedcor's U.S. expansion continues to advance, as growth has accelerated in Texas with 100 towers fulfilled in Q4 2024 from its operations in Houston, Dallas, San Antonio and Austin. Additionally, after entering Denver in Q2 2024, 45 units were fulfilled in the Q4 2024, while the Company also recorded its first tower sales in Phoenix and Las Vegas during the quarter. The expansion continued into Atlanta and planning has commenced to enter major metros in Florida in 2025.
Manufacturing capabilities improved significantly during the quarter, averaging more than 15 units per week in Q4 2024, with the capability to manufacture 100 towers per month in Q1 2025. This will provide the Company with the ability to add its targeted 1,200 new units into the fleet by the end of 2025. Zedcor has expanded the manufacturing operations in Houston by doubling the floor space in order to streamline assembly and will open a new, state-of-the-art 24/7 Live, Verified Monitoring center in Houston in the first half of 2025.
Todd Ziniuk, President and CEO of Zedcor, commented: "We delivered another quarter of accelerated sequential growth, while prudently rolling out operations in new geographies in the U.S. We have a proven template for our hub and spoke model, serving customers from centralized manufacturing facilities with local sales and servicing teams. This allows us to deliver industry-leading solutions, at the highest level of quality and service. Our 1,200 tower growth target for 2025 allows us to supply anticipated demand. We are also excited about expanding our enterprise sales presence in 2025 and our 1,200 tower growth target doesn't consider contributions from these potential customers. We are engaging in discussions with some of the largest corporations in the U.S. to discuss our competitive differentiation and how our proactive solutions can help to solve security challenges."
About Zedcor Inc.
Zedcor Inc. is disrupting the traditional physical security industry through its proprietary MobileyeZTM security towers by providing turnkey and customized mobile surveillance and live monitoring solutions to blue-chip customers across North America. The Company continues to expand its established platform of over 1,300 MobileyeZ™ towers in Canada and the United States, with emphasis on industry leading service levels, data-supported efficiency outcomes, and continued innovation. Zedcor services the Canadian market through equipment and service centers currently located in British Columbia, Alberta, Manitoba, and Ontario. The Company continues to advance its U.S. expansion which now has the capacity to service markets throughout the Midwest with locations throughout Texas and in Denver, Colorado, with a location in Phoenix, Arizona and Atlanta, Georgia anticipated in the first half of 2025.
Forward-Looking Statements and Information
Certain statements included in this press release constitute forward-looking statements or forward-looking information. Forward-looking statements or information can be identified by terminology such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "budget", "should", "project", or similar words suggesting future outcomes or expectations. In particular, forward-looking statements and information contained in this press release, include, but are not limited to, the expansion of Zedcor's Security and Surveillance business, including the addition of a new monitoring centre in Houston, Texas, fleet expansion of 1,200 units in 2025, marketing of security services and expansion of Zedcor's customer base, including to enterprise customers, expansion of the Company's service offering to other geographic regions, including Phoenix, Arizona, Las Vegas, Nevada and in major metropolitan centres in Florida. Although the Company believes that the expectations implied in such forward-looking statements or information are reasonable, undue reliance should not be placed on these forward-looking statements or information because the Company can give no assurance that such statements or information will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of assumptions about the future and uncertainties, including the following: current forecasts and anticipated utilization rates; the availability of debt and equity financing; the completion of the monitoring centre facility in Houston, Texas and the timing thereof; the ability of the Company to obtain an adequate supply of the equipment required to construct towers; the availability of skilled personnel; and the level of competition in the marketplaces and industries in which the Company operates. Although management of the Company believes these expectations and assumptions reflected in these forward-looking statements or information to be reasonable, there can be no assurance that any forward-looking statements or information will be proved to be correct. Actual results may differ materially from those anticipated in such statements or information as a result of risk factors including, but not limited to, the following: the ability of the Company to obtain debt and equity capital on terms acceptable to the Company; economic downturns or unfavorable market conditions, including from inflation, rising interest rates or supply chain disruptions and/or political or market uncertainty; customer acquisition and retention risks; the existence of competitive risks inherent in the Company's business; fluctuations in foreign currency exchange rates; fluctuations in interest rates; stock market volatility; and third party credit risk.
For this purpose, any statements or information contained herein that are not statements or information of historical fact may be deemed to be forward-looking statements or information and readers should not place undue reliance on such forward-looking statements or information. The forward-looking statements or information contained in this press release are made as of the date hereof and the Company assumes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new contrary information, future events or any other reason, unless the Company is required by any applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.
For further information contact:
Todd Ziniuk
President & Chief Executive Officer
P: 403-930-5430
E: tziniuk@zedcor.ca
Amin Ladha
Chief Financial Officer
P: 403-930-5430
E: aladha@zedcor.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237232
FAQ
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