Carrier Connect Data Solutions Signs Non-Binding Letter Of Intent To Acquire Rochester Data Center Assets From Rochester Colo LLC

(MENAFN- Newsfile Corp) Carrier Connect Data Solutions Signs Non-Binding Letter of Intent to Acquire Rochester Data Center Assets from Rochester Colo LLC

April 21, 2026 8:00 AM EDT | Source: Carrier Connect Data Solutions Inc

Vancouver, British Columbia--(Newsfile Corp. - April 21, 2026) - Carrier Connect Data Solutions Inc. (TSXV: CCDS) (OTCQB: CCDSF) (WKN: A40XB1) (the "Company" or "Carrier") is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") with Rochester Colo LLC ("Rochester Colo"), pursuant to which the Company intends to acquire, through a wholly owned U.S. subsidiary, the principal operating assets of Rochester Colo's data center business located in Rochester, New York (the "Proposed Acquisition").

The Proposed Acquisition is expected to provide the Company with an immediate operating foothold in the U.S. market and expand its ability to serve customers requiring secure, scalable and regionally resilient infrastructure. Rochester Colo has established a presence in the Rochester market through its colocation and related data center services, and the Company believes the transaction would create a strong foundation for future growth in the northeastern United States.

Under the LOI, the parties have agreed to negotiate and execute a definitive purchase agreement in respect of the Proposed Acquisition. The consideration is expected to include a combination of cash and common shares of the Company, with the share component subject to staged escrow release following closing.

The parties, who are at arm's length, are working toward execution of a definitive agreement on or before June 15, 2026, with closing expected shortly thereafter, subject to completion of due diligence, negotiation and execution of definitive documentation, receipt of required approvals, and satisfaction of customary closing conditions. There can be no assurance that a definitive agreement will be entered into or that the Proposed Acquisition will be completed on the terms currently contemplated, or at all.

Mark Binns, Chief Executive Officer of the Carrier
"No matter how digital the world becomes, infrastructure still matters - location, reliability, and trusted customer relationships matter. Rochester Colo would give us a meaningful entry point into the U.S. market through an operating asset with real customers, real capacity and a strong regional position. We believe this transaction has the potential to accelerate our North American growth strategy and broaden the platform we are building."

Jim Salviski, Chief Executive Officer of Rochester Colo
"This LOI reflects a shared vision for scaling high-quality data center services in the Rochester market and beyond. We believe Carrier Connect brings the public-market platform, growth capital and strategic ambition to build on the foundation we have created, and we are excited about the opportunity to help support that next phase of growth."

No finder's fees are payable by either party in connection with the Proposed Acquisition.

About Carrier Connect Data Solutions Inc.

Carrier Connect Data Solutions' mission is to roll up Tier II/III data centers internationally that specialize in delivering co-location and data center solutions to AI companies, service providers, enterprises and small businesses. Data centers are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives, and network equipment. As a carrier-neutral organization, Carrier's systems are fully independent and owned outright within its leased space. The current principal markets for the Company are Vancouver, Ottawa and Saint John, Canada and Perth, Australia, where it serves clients who use its facilities either as their primary data center or as an ancillary site depending on their needs.

ON BEHALF OF THE BOARD OF DIRECTORS

"Mark Binns"
Mark Binns, CEO

For further information, please contact:

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