K2 Geospatial and Carl Data Solutions formalize their strategic partnership

Vancouver, British Columbia, February 23, 2022 — Carl Data Solutions Inc. (CSE:CRL, FSE:7C5, OTC:CDTAF) (“Carl Data Solutions”), a leader in predictive analytics that optimizes artificial intelligence and machine learning for environmental monitoring and smart city applications as a service, announces the signing of a strategic partnership agreement with the Montreal-based company K2 Geospatial (“K2”).

The execution of this agreement will formalize the integration of Carl Data Solutions' latest technology. K2 Geospatial users will be able to collect time series data from multiple sources through Internet of Things (IIoT) sensors, clean and analyze the data, and perform AI-guided predictive analyses using machine learning (ML) algorithms. Additionally, the integration of technologies will allow users of Carl Data Solutions' technology to access an agnostic and scalable mapping platform.

K2 Geospatial's user base includes 500 organizations, including over 350 cities and municipalities, seaports, airports, road authorities, and utilities in North America and Europe. K2 users rely on JMap, a spatial analysis and mapping integration platform designed to connect silos within a fully integrated IT ecosystem. JMap offers executives, GIS analysts, and non-technical users the ability to collaborate, analyze, decide, and act in real-time.

“Our partnership with Carl Data Solutions will enable K2 users to access the latest generation of AI-guided predictive analysis and will also allow Carl Data Solutions' clients to benefit from our JMap-based solutions,” said Jacques Charron, CEO of K2 Geospatial. “Carl Data Solutions has proven itself with cities like Boston, Los Angeles, Seattle, Toronto, Miami, Dallas, and industrial infrastructure users like Teck Resources Ltd. We look forward to optimizing and jointly marketing our combined solutions.”

Jacques Charron, CEO of K2 Geospatial.

“We have worked closely and diligently with the technical team at K2 Geospatial to ensure that our combined assets in time series-based predictive analysis and spatial analysis mapping provide a compounded effect and strategic value to customers. With this announcement, we are both committed to deepening our technological integration and leveraging business development efforts to propel the growth of our respective companies.”

Jean-Charles Phaneuf, CEO of Carl Data Solutions.

About K2 Geospatial

Since 1995, K2 Geospatial has been committed to making information and spatial analysis tools accessible to everyone by developing software solutions that provide effective visual aids to decision-makers. K2 solutions are powered by JMap, a cartographic integration platform designed to connect silos and offer easy-to-use interfaces dedicated to non-technical users. JMap is deployed and used by hundreds of organizations in the Americas and Europe. For more information, visit www.k2geospatial.com.

About Carl Data Solutions Inc.

Carl Data Solutions Inc. is a company specializing in Industrial Internet of Things (IIoT) and Big Data as a Service (BDaaS) that provides next-generation data collection, storage, and analysis solutions to data-centric organizations. Through its subsidiaries Astra Smart Systems Corp and FlowWorks Inc, Carl Data Solutions helps clients analyze and model environmental data through a robust and integrated network of custom sensor networks, combined with SaaS-based monitoring, reporting, and predictive modeling applications. Carl Data Solutions works with new cloud-based mass storage services and machine learning (AI) analytical tools to provide the necessary evolution to effectively monitor large quantities of data collected by smart city and industry clients. The company's software solutions enable clients to save time and money by consolidating information from any sensor or source to create a real-time decision support system with deep insights into infrastructure and asset protection. For more information, visit www.CarlSolutions.com.