NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
TORONTO, ON / ACCESS Newswire / November 27, 2025 / Route1 Inc. (TSXV:ROI) (“Route1” or the “Company”), a leading engineering and professional services firm specializing in the deployment and integration of ALPR and other advanced data capture-based technologies to city, state, and federal first responder departments, public safety, colleges and universities, and parking managers, announces that in connection with the non-brokered private placement of units (the “Offering”) originally announced in the Company’s news release of November 4, 2025, the Company has applied to the TSX Venture Exchange (the “TSXV”) for an extension of a further 30 days price protection in order to complete further subscriptions for the second and final tranche of the Offering (the “Final Closing”). The Company intends the Final Closing to close in the next couple of weeks.
The Final Closing is subject to receipt of further subscriptions and all necessary corporate and regulatory approvals, including the approval of TSXV. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance. Certain insiders of the Company may participate in the Final Closing.
The Company intends to use the net proceeds of the Offering to fund the development of Route1’s Actionable Business Intelligence (“ABI”) software application.
Appointment of Jerry Iwanski as Interim CFO
Effective December 1, 2025, the Company is pleased to announce the appointment of Jerry Iwanski as Interim Chief Financial Officer. Mr. Iwanski will replace Tony Busseri as Interim Chief Financial Officer. Mr. Busseri will continue in his role as President and Chief Executive Officer of the Company.
Version 4.0 – AI Co-Pilot
To be released in early 2026, Route1’s co-pilot will be an AI operations co-pilot that acts as a force multiplier – exponentially extending staff capability. It will be purpose-built to optimize parking operations by combining advanced machine learning with a secure, scalable platform that keeps control of sensitive data in-house.
The system will run on a dedicated on-premises AI infrastructure including three GPU servers, backed by shared storage, solid-state checkpointing, and high-speed networking to deliver consistent low-latency performance.
Sized for state-of-the-art 13B-70B models, Route1’s AI co-pilot will be designed for continuous refinement and understanding of unique parking operations and how socioeconomic factors and decisions can impact those operations in real time. Engineered for adaptive learning through feedback, measurement and refinement cycles, Route1’s AI co-pilot will empower our clients to achieve even more in the future by unlocking advanced capabilities such as event-aware staffing, predictive compliance sweeps, proactive curb allocation, and strategic “what-if” investment planning. The more it is used, the stronger it becomes – growing into a domain-specialized AI expert in parking operations.
About Route1 ABI
Through a single intuitive interface, parking professionals can instantly evaluate current operations against dynamic benchmarks developed by Route1’s domain experts. Route1’s real-world benchmarks are segmented by enforcement and parking, providing intelligent baselines for live performance indicator tracking and trend analysis.
Built-in analytics drive higher visibility, tighter accountability, and measurable impact at every layer of a user’s operation including:
Uncovering latent revenue opportunities.
Optimizing curbside usage.
Monitoring parking facility usage, including occupancy, and dwell and turnover times.
Visualizing compliance – the good, the bad and the ugly.
Route1 processes raw ALPR streams directly from our end user’s mobile and fixed ALPR cameras, providing the most complete, accurate, and timely operational picture in the industry. Our technology ensures that every visualization reflects ground truth – allowing for confident, data-backed decision in real time.
About Route1 Inc.
Route1 Inc. is an advanced North American technology company that empowers their clients with data-centric solutions necessary to drive greater profitability, improve operational efficiency and gain sustainable competitive advantages, while always emphasizing a strong cybersecurity and information assurance posture. Route1 delivers exceptional client outcomes through real-time secure delivery of actionable intelligence to decision makers. Route1 is listed in Canada on the TSX Venture Exchange under the symbol ROI. For more information, visit: http://www.route1.com.
For More Information, Contact:
Tony Busseri
President and Chief Executive Officer
+1 480 578-0287
[email protected]
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any U.S. state securities laws, and may not be offered or sold in the “United States” (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable U.S. state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Neither the 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.
© 2025 Route1 Inc. All rights reserved. No part of this document may be reproduced, transmitted or otherwise used in whole or in part or by any means without prior written consent of Route1 Inc. See https://www.route1.com/terms-of-use/ for notice of Route1’s intellectual property.
This news release may contain statements that are not current or historical factual statements that may constitute forward‑looking information and forward‑looking statements. These statements are based on certain factors and assumptions, including expectations regarding the use of the net proceeds of the Offering; the extension of the Offering; the timing and completion of the Final Closing; and the receipt of all regulatory approvals including the approval of the TSXV in connection with the Offering, price and liquidity of the Common Shares; development and deployment of Route1’s ABI software and AI co-pilot platform; and competition for skilled personnel, business prospects, technological developments, development activities and like matters. While Route1 considers these factors and assumptions to be reasonable, based on information currently available, they may prove to be incorrect. These statements involve risks and uncertainties, including but not limited to expectations regarding management changes and their anticipated impact on operations, the ability to extend and successfully complete the Offering; the ability to obtain all requisite regulatory approvals including the approval of the TSXV; the ability to apply the net proceeds as intended, technology development and integration risks, customer adoption, competition, market conditions, and the results of business operations. Actual results could differ materially from those projected as a result of these and other risks and should not be relied upon as a prediction of future events. The Company undertakes no obligation to update any forward-looking statement or future-oriented financial information to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, except as required by law. Past or forecasted performance is not a guarantee of future performance and readers should not rely on historical results or forward-looking statements or future oriented financial information as an assurance of future results.
SOURCE: Route1, Inc.
