NORTH ANDOVER, Mass.–(BUSINESS WIRE)–Watts Water Technologies, Inc. (NYSE: WTS) today announced that Ryan Lada, Chief Financial Officer, is leaving the Company to pursue a new opportunity.

Diane McClintock has been appointed as Chief Financial Officer of the Company, effective immediately. Ms. McClintock has been with Watts since 2010, most recently serving as Senior Vice President of FP&A and Investor Relations. She brings a wealth of financial and accounting expertise, as well as business familiarity to the role, providing financial, operational and strategic continuity.

“I am extremely pleased to announce the promotion of Diane McClintock to be our new Chief Financial Officer,” said Robert J. Pagano, Jr., President and Chief Executive Officer. “Diane has been instrumental to our growth and strong financial performance over the past 15 years. Her deep understanding of our business and strategy, coupled with her strong track record of delivering impactful results, make her the ideal candidate to lead the Company’s global finance organization.”

“I am honored and excited to take on the role of Chief Financial Officer,” said Ms. McClintock. “In this capacity, I look forward to continuing to execute our profitable growth strategy to build on Watts’ long track record of delivering shareholder value. Thank you to Bob and our board for the opportunity to serve in this leadership position. I am committed to ensuring a smooth transition and driving positive impact across our culture and organization.”

Diane McClintock originally joined Watts in 2010 and most recently served as Senior Vice President of FP&A and Investor Relations. Her prior responsibilities included external communications with investors and analysts, acquisition valuation, due diligence and integration, financial planning and analysis, and treasury. Prior to Watts, Ms. McClintock was Chief Accounting Officer and Treasurer at AutoImmune, Inc.; Director, Transaction Services Practice at PwC; and Audit Manager at EY. She holds a B.A. in Accounting from the University of New Hampshire.

Mr. Lada’s departure is for personal reasons and not the result of any matters relating to the Company’s business, accounting practices or financial statements.

Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts companies and brands offer innovative plumbing, heating, and water quality solutions for commercial, residential, and industrial applications. For more information, visit www.wattswater.com.

Contacts

Watts Water Technologies, Inc.

Diane McClintock

Chief Financial Officer

Email:  investorrelations@wattswater.com

TORONTO–(BUSINESS WIRE)–$KNR #esg—Kontrol Technologies Corp. (Cboe.ca:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol Technologies” or “Kontrol” or “Company”) announces its results for the three months and year to date ended September 30, 2025. A complete set of the Financial Statements and Management’s Discussion & Analysis have been filed on SEDAR (www.sedarplus.ca).

Q3 2025 and Year to Date Highlights

In Q2 2024, the Company completed the sale of the operational net assets of CEM Specialties Inc. and as such year to date 2025 revenue and earnings are lower compared to the same period in the prior year.

• Revenues for the three months ended September 30, 2025 were $1.3 million, compared to $1.7 million for the same quarter in the prior year; Revenues for the nine months ended September 30, 2025 were $4.1 million, compared to $9.2 million for the same period in the prior year.
• Gross margin for the nine months ended September 30, 2025 was 57%, and unchanged compared to the same period in the prior year.
• Net income (loss) for the three months ended September 30, 2025 was $706,378 compared to $(931,032) for the same quarter in the prior year; Net income (loss) for the nine months ended September 30, 2025 was $(208,862) compared to $11.9 million for the same period in the prior year. Net income (loss) in 2025 includes income from revaluation of marketable securities. Net income in 2024 includes gain on sale of the CEMSI net assets which occurred in Q2 2024.
• Adjusted EBITDA for the nine months ended September 30, 2025 was negative $(666,334) compared to $(235,315) for the same period in the prior year.
• The Company had no outstanding interest-bearing bank debt at September 30, 2025.
• As at September 30, 2025 the Company’s aggregate cash and marketable securities balance was $12.4 million.

Normal Course Issuer Bid

During the nine months ended September 30, 2025, the Company repurchased 1,930,500 common shares for a total of $320,530. Pursuant to the Normal Course Issuer Bid approved by Cboe Canada, Kontrol may purchase, from time to time, over a period of 12 months starting April 14th, 2025, and ending April 13th, 2026, up to 2,757,858 common shares. The Company has 53,960,669 shares outstanding as at September 30, 2025.

Q3 2025 and Year to Date Financial Summary

Financial Results	Three months ended					Nine months ended
(Unaudited)	Sept 30, 2025		Sept 30, 2024			Sept 30, 2025		Sept 30, 2024
Revenue	$1,339,508		$1,737,947			$4,090,315		$9,179,006
Gross profit	$774,627		$924,580			$2,322,055		$5,277,181
Net income (loss)	$706,378		$(931,032	)		$(208,862	)	$11,923,470
Basic and diluted EPS	$0.01		$(0.01	)		$0.00		$0.21
Add/Deduct for Adjusted EBITDA reconciliation:
Amortization and depreciation	$156,690		$164,514			$469,523		$615,231
Net finance expense (income)	$(44,466	)	$(43,800	)		$(106,829	)	$206,829
Gain on sale of assets	–		$(40,407	)		–		$(13,281,812	)
Revaluation of marketable securities	$(935,856	)	$125,588			$(965,585	)	$125,588
Share based compensation	$48,473		$49,785			$145,419		$175,379
Adjusted EBITDA	$(68,781	)	$(675,352	)		$(666,334	)	$(235,315	)

Adjusted EBITDA is a non-International Financial Reporting Standards (“IFRS”) measure used by management that is not defined by IFRS. Adjusted EBITDA does not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Management believes that Adjusted EBITDA provides meaningful and useful financial information as these measures demonstrate the operating performance of the business excluding non-cash charges.

“Adjusted EBITDA” is calculated as net income or loss before interest, income taxes, amortization, and depreciation, share based compensation, acquisition related expenses, listing expense, gain or loss on sale of assets, revaluation and impairment of assets.

Readers are cautioned that Adjusted EBITDA should not be construed as an alternative to net income as determined under IFRS; nor as an indicator of financial performance as determined by IFRS; nor a calculation of cash flow from operating activities as determined under IFRS; nor as a measure of liquidity and cash flow under IFRS. The Company’s method of calculating Adjusted EBITDA may differ from methods used by other companies and, accordingly, the Company’s Adjusted EBITDA may not be comparable to similar measures used by any other company.

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management and accelerate the sustainability of all buildings. Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedarplus.ca.

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company’s product and service offering as expected; and government and regulatory factors impacting the energy conservation industry.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi, CEO

info@kontrolcorp.com
11 Cidermill Avenue, Suite 201

Vaughan, ON L4K 4B6

Tel: (905) 766.0400

WINONA, Minn.–(BUSINESS WIRE)–Fastenal Company (Nasdaq: FAST), a global leader in supply chain solutions and industrial distribution, has entered into an agreement to form a multi-year partnership with the Edmonton Oilers. The agreement makes Fastenal the preferred MRO (maintenance, repair, and operations) supply partner of Rogers Place, reflecting Fastenal’s growing partnership with the NHL and its Clubs.

Fastenal has been working with the Oilers at Rogers Place since 2024. With the new agreement, they will supply the arena with a broad range of MRO products needed to maintain a world-class fan experience – from tools and fasteners to janitorial and sanitation supplies. Fastenal is also implementing additional Fastenal Managed Inventory Technology (FMIT), including cloud-connected FASTVend^® and FASTBin^® devices, to help the arena’s maintenance and janitorial staff operate more efficiently.

As part of the agreement, Fastenal will have an enhanced presence during Oilers television broadcasts, as well as a dasherboard at Rogers Place during Oilers games.

“As the official MRO sponsor of the NHL, we’re able to take a strategic approach with inventory demand, ensuring arena readiness and operational excellence,” says Greg Mees, Fastenal’s regional vice president overseeing Western Canada. “We’re thrilled to bring this expertise to Rogers Place.”

“They have an amazing facility, and we’re excited to outfit it with state-of-the-art Fastenal solutions and services,” added Dmitriy Lipes, Fastenal’s local district manager. “Being located in Edmonton, we take a lot of pride in serving such a historic team. We’re proud to partner on and off the ice.”

Through Fastenal’s national sponsorship of the NHL, the League, its Clubs, and arenas can all take advantage of FMIT, digital solutions, and our branch network to strengthen the supply chain and streamline their operations.

About Fastenal

With approximately 1,600 branch locations spanning 25 countries, Fastenal supplies a broad offering of fasteners, safety products, metal cutting products, and other industrial supplies to customers engaged in manufacturing, construction, warehouse and storage, data centers, wholesale, and federal, state, and local government. By investing in local experts and inventory, customer-facing technology, wide-ranging services, and best-in-class sourcing and logistics, we offer a unique combination of capabilities to help our customers reduce cost, risk, and scalability constraints in their global supply chains. This “high-touch, high-tech” approach is reflected in our tagline, Where Industry Meets Innovation™.

Additional information regarding Fastenal is available on our website at www.fastenal.com.

Cautionary Note Regarding Forward-Looking Statements

This release includes forward-looking statements, which are subject to risks and uncertainties. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the use of terminology such as anticipate, believe, should, estimate, expect, intend, may, will, plan, goal, project, hope, trend, target, opportunity, and similar words or expressions, or by references to typical outcomes. Fastenal’s operational goals, partnerships, projects, plans, pace, aspirations, commitments, and strategies are long-term and aspirational and by their nature include forward-looking statements. As such, no forward looking statement can be guaranteed and actual results may differ materially from those set forth in the forward-looking statements due to a variety of factors, including those described in Fastenal’s filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Fastenal undertakes no obligation to update or revise any forward-looking statements

FAST-G

Contacts

MEDIA CONTACT:

Jennifer Harnisch

Marketing Strategist

507.453.8259

INVESTOR CONTACT:

Dray Schreiber

Accounting Manager

507.313.7324

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

TORONTO–(BUSINESS WIRE)–$SRU.UN #CapitalMarkets–SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that it has closed its previously announced private placement of $250 million aggregate principal amount of 3.599% Series AC senior unsecured debentures and $250 million aggregate principal amount of 4.318% Series AD senior unsecured debentures. The Series AC debentures will mature on June 12, 2029 and the Series AD debentures will mature on June 12, 2032. The debentures were offered on an agency basis by a syndicate of agents led by Scotiabank, CIBC Capital Markets, Desjardins Securities, RBC Capital Markets and TD Securities as joint bookrunners, and National Bank Financial, Mizuho Securities, BMO Capital Markets and Beacon Securities as co-managers. Morningstar DBRS has provided SmartCentres with a credit rating of BBB with a stable trend relating to the debentures.

The net proceeds to SmartCentres from the sale of the Series AC debentures and Series AD debentures will be used to refinance existing debt, including the repayment of its $350 million Series X senior unsecured debentures due December 16, 2025, the repayment of its revolving credit line and certain mortgages, and for general corporate purposes.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities in any jurisdiction. The debentures offered have not been and will not be registered under the U.S. Securities Act of 1933 and state securities laws. Accordingly, the debentures may not be offered or sold to U.S. persons except pursuant to applicable exemptions from registration requirements.

About SmartCentres

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 197 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.6 million square feet of leasable space with 98.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.

Certain statements in this Press Release are “forward-looking statements” that reflect management’s expectations regarding the Trust’s future growth, results of operations, performance and business prospects and opportunities. More specifically, certain statements including, but not limited to, statements related to the anticipated use of proceeds of the offering, and statements that contain words such as “could”, “should”, “can”, “anticipate”, “expect”, “believe”, “will”, “may” and similar expressions and statements relating to matters that are not historical facts, constitute “forward-looking statements”. These forward-looking statements are presented for the purpose of assisting the Trust’s Unitholders and financial analysts in understanding the Trust’s operating environment and may not be appropriate for other purposes. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management.

However, such forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including risks associated with potential acquisitions not being completed or not being completed on the contemplated terms, public health crises, real property ownership and development, debt and equity financing for development, interest and financing costs, construction and development risks, and the ability to obtain commercial and municipal consents for development. These risks and others are more fully discussed under the heading “Risks and Uncertainties” and elsewhere in SmartCentres’ most recent Management’s Discussion and Analysis, as well as under the heading “Risk Factors” in SmartCentres’ most recent annual information form. Although the forward-looking statements contained in this Press Release are based on what management believes to be reasonable assumptions, SmartCentres cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. These forward-looking statements are made as at the date of this Press Release and SmartCentres assumes no obligation to update or revise them to reflect new events or circumstances unless otherwise required by applicable securities legislation.

Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking information may include, but are not limited to: a stable retail environment; a continuing trend toward land use intensification, including residential development in urban markets and continued growth along transportation nodes; access to equity and debt capital markets to fund, at acceptable costs, future capital requirements and to enable our refinancing of debts as they mature; that requisite consents for development will be obtained in the ordinary course, construction and permitting costs consistent with the past year and recent inflation trends.

Contacts

For more information, please visit www.smartcentres.com or contact:

Mitchell Goldhar

Executive Chairman and CEO

(905) 326-6400 ext. 7674

mgoldhar@smartcentres.com

Peter Slan

Chief Financial Officer

(905) 326-6400 ext. 7571

pslan@smartcentres.com

• MSREI and GSA partnership secures one of the largest student housing transactions globally this year, aligning with the partnership’s growth strategy in the United States.

• A unique off-market portfolio acquisition consisting of 6,200 beds across eight assets near top-ranking universities.
• Strengthens the partnership’s market position in the United States, now with a portfolio of 50 properties across 23 states and nearly 24,000 beds.
• Yugo appointed as manager – adding value through operational scale, expertise and unparalleled student experiences.

NEW YORK & LONDON–(BUSINESS WIRE)–Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (“MSREI”), and Global Student Accommodation (“GSA”), the global leader in student housing, have completed the acquisition of a portfolio of eight student housing assets in Tier 1 U.S. university markets from a joint venture between a wholly owned subsidiary of Abu Dhabi Investment Authority (“ADIA”) and Landmark Properties (“Landmark”). This transaction is valued at more than $1 billion.

This unique opportunity was off-market and is one of the year’s largest single transactions in the sector in the U.S. and globally. It is a strategic move for the MSREI and GSA partnership, to further curate a diverse portfolio of high-quality assets across the United States, the world’s largest student university market with 20 million students.

The acquired assets are located in prime university cities across seven states and cater to students at top ranked universities including, the University of Virginia, University of Florida, Texas A&M, and Penn State University. The quality of the assets and their proximity to campus is unrivalled and is reflected in nearly 100% occupancy across the 6,200-bed portfolio.

The acquisition also marks the MSREI and GSA partnership entering new markets in Virginia, Georgia, and Pennsylvania, while significantly expanding its presence in established markets such as Texas, Florida, Oregon, and North Carolina. Through its partnership MSREI’s and GSA’s U.S. portfolio now extends to 50 properties across 36 cities in 23 states and nearly 24,000 beds.

Nicholas Porter, Chief Executive Officer at The Dot Group, commented:

“GSA, as part of the Dot Group, further expands its market position with its partner Morgan Stanley Real Estate Investing (“MSREI”), representing another pivotal step forward in its U.S. strategy.

This acquisition is testament to the depth of our global teams, our access to unique opportunities and the strength of our institutional relationships in the United States and globally. An off-market portfolio of this size and quality is rare and demonstrates our experience and expertise in the student housing market.

Yugo, the leading U.S. and global student housing operator, will manage and rebrand the newly acquired assets, creating further scale and operational excellence with enhanced student experiences across the portfolio.”

Will Milam, Head of U.S. Investments at Morgan Stanley Real Estate Investing commented:

“This student housing portfolio fully aligns with our strategy to acquire high-quality, resilient assets in prime locations. We are pleased to partner with GSA to strengthen our market position to capture the ongoing demand for student housing in some of the country’s top university markets.”

About Global Student Accommodation

Global Student Accommodation (GSA) is a leader in real estate asset management within the student housing sector. GSA has an unrivalled international presence, which stretches across 11 countries with assets in over 80 of the world’s leading educational cities. It manages $8 billion of AUM and has flagship offices in New York and London.

GSA is part of The Dot Group (“Dot”), the global leader in student living. Dot invests, develops, owns, manages and digitally connects students world-wide and is here to shape a better future for students. Since creating a new vision for student living over 35 years ago, Dot has been continuously evolving through its pioneering, purposeful and positive approach.

For further information please visit: www.gsagroup.com

About Morgan Stanley Real Estate Investing

Morgan Stanley Real Estate Investing (MSREI) is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for over three decades, MSREI employs a patient, disciplined approach through global value-add / opportunistic and regional core / core-plus real estate investment strategies. With 17 offices throughout the U.S., Europe and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. MSREI currently manages $54 billion of gross real estate assets worldwide on behalf of its clients.

About Morgan Stanley Investment Management

Morgan Stanley Investment Management, together with its investment advisory affiliates, has approximately 1,400 investment professionals around the world and $1.8 trillion in assets under management or supervision as of September 30, 2025. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Yugo

Yugo is the first global student housing brand and operator redefining student living on a global scale and bringing next-level experiences to student life and beyond. We’re not just about housing — we’re about creating vibrant, sustainable, and supportive spaces where students can thrive.

Yugo’s leading management approach draws on over 30 years of experience to efficiently operate student spaces at scale, expand into new markets, and create value for our partners through enhanced student experiences. Yugo forms part of The Dot Group and includes over 280 student living spaces in 14 countries, and has nearly 160,000 students calling Yugo home in 2025 in more than 120 of the world’s top educational cities.

For further information please visit: www.yugo.com

Contacts

Media contacts:
Alyson Barnes – Morgan Stanley
+1 212 762-0514

alyson.barnes@morganstanley.com

Sorrel Basher – Global Student Accommodation (GSA)
+44 7494 771 051

sorrel.basher@gsagroup.com

Jana Flanagan – The Dot Group
+971 5699 11999

jflanagan@thedotgroup.com