Zedcor's Record Growth and U.S. Expansion: A Beacon in the Security Industry

Zedcor Inc. (TSXV: ZDC), a leading provider of mobile surveillance and live monitoring solutions, has announced a year-end operations update that highlights record quarterly growth, geographic expansion in the U.S., and significant manufacturing milestones. The company's MobileyeZ™ tower fleet reached 1,333 units at the end of 2024, marking a record quarterly expansion of 182 units and a 62% year-over-year increase. This impressive growth was driven by strong, sustained demand in both Canada and the U.S., with pent-up demand from the diversified customer base in the U.S. accounting for more than 80% of the tower fleet in Q4 2024.

Zedcor's U.S. expansion continues to gain momentum, with the company expanding its presence in major markets such as Atlanta, Houston, Dallas, San Antonio, Austin, Denver, Phoenix, and planning to enter major metros in Florida in 2025. The company's manufacturing capabilities have also improved significantly, averaging more than 15 units per week in Q4 2024 and the ability to manufacture 100 towers per month in Q1 2025. This increased production capacity will enable Zedcor to add its targeted 1,200 new units into the fleet by the end of 2025.



Todd Ziniuk, President and CEO of Zedcor, commented on the company's achievements: "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."

Zedcor's record quarterly growth, geographic expansion, and manufacturing milestones demonstrate the company's commitment to disrupting the traditional physical security industry and capturing a significant market share. With a diversified customer base, high utilization rates, and a proven hub and spoke model, Zedcor is well-positioned to maintain its competitive edge and continue its impressive growth trajectory. Investors should take note of Zedcor's strong performance and consider the company as a potential addition to their portfolios.