• New project, announced at VivaTech 2025, aims to address housing, urban densification and ecological conservation challenges in the southeastern region of New Brunswick
• Collaborative virtual environments will enable stakeholders to model, analyze and plan sustainable solutions for growing populations in Dieppe and Moncton
• Dassault Systèmes will use its 3DEXPERIENCE platform to create a virtual twin of a zone in New Brunswick enriched with territorial data from the Université de Moncton and other local partners

VELIZY-VILLACOUBLAY, France–(BUSINESS WIRE)–#3DEXPERIENCE—Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) and the Université de Moncton, Canada’s largest French-language university outside Québec, today announced the launch of a new project aimed to solve housing, urban densification and ecological conservation challenges in the southeastern region of New Brunswick, Canada. The partnership was signed at VivaTech 2025 in Paris.

The six-month project will develop collaborative virtual environments to model, analyze and plan sustainable urban development in the cities of Dieppe and Moncton – two of Canada’s fastest growing metropolitan areas in the last 20 years – all while establishing a protected wildlife corridor in the southeastern part of New Brunswick.

In addition to the Université de Moncton and Dassault Systèmes, the project brings together several Canadian partners: the cities of Dieppe and Moncton, the Southeast Regional Service Commission, Collège Communautaire du Nouveau-Brunswick, and the New Brunswick-based businesses Black Arcs and Remsoft.

Dassault Systèmes will use its 3DEXPERIENCE platform to create, maintain and analyze a virtual twin of a zone in New Brunswick measuring approximately 386 miles² (1,000 km²). This virtual twin is enriched with territorial data on buildings, zoning, mobility, biodiversity and more, provided by the partners.

Stakeholders will use this virtual twin to share information, test and evaluate different planning scenarios, evaluate the impacts of urban densification, and make informed decisions to optimize housing planning and preserve ecological corridors that are essential to the region’s environmental wellbeing.

“Our partnership will enable the Université de Moncton to benefit from a large-scale territory virtual twin that is delivered quickly through a managed solution that reduces costs and risks. Local stakeholders will be able to simulate what-if scenarios, evaluate options and take informed decisions – all on the 3DEXPERIENCE platform – to solve complex real-life challenges and optimize quality of life in the region of New Brunswick,” said Josephine Ong, Vice President, Cities and Public Services Industry, Dassault Systèmes.

“This partnership with Dassault Systèmes positions the Université de Moncton at the forefront of digital innovation applied to urban and environmental issues. We are proud to put our expertise at the service of a project with strong regional and international impact,” said Francis LeBlanc, associate vice-rector for research and dean of the Faculty of Graduate Studies and Research, Université de Moncton.

This collaboration was made possible thanks to the support of Opportunities New Brunswick (ONB), which played a key role in fostering the connection between Dassault Systèmes and the Université de Moncton.

“New Brunswick is truly a hub of innovation and collaboration. This partnership demonstrates the strength of the connections between research, industry, and regional development. Together, we are creating solutions that have a real local impact and significant global potential,” said Luke Randall, minister responsible for Opportunities New Brunswick.

This project represents an important step forward for urban development in New Brunswick. By combining Dassault Systèmes’ technology with local expertise, it will help plan city growth more effectively while protecting the environment. The approach could also serve as a model for other regions in Canada and beyond.

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About Dassault Systèmes

Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes’ 3DEXPERIENCE platform, 370,000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit: www.3ds.com

About the Université de Moncton

Founded in 1963 in New Brunswick, the Université de Moncton is the largest French-language university in Canada outside Quebec, with three campuses in Edmundston, Moncton and Shippagan. Its mission is to transmit knowledge, advance research and contribute to the development of its community, by training committed, creative people who are open to the world. The Université de Moncton also plays an important role in the development of the Acadian and francophone community, regionally, nationally and internationally. For more information, visit: www.umoncton.ca.

About Opportunities New Brunswick

Opportunities New Brunswick is a Crown corporation and the lead economic development agency for the Government of New Brunswick, Canada. It seeks to attract and support opportunities to stimulate the economy and create jobs by providing support services for businesses. For more information, visit: www.onbcanada.ca

Contacts

Dassault Systèmes Press Contacts
Corporate / France

Arnaud MALHERBE

arnaud.malherbe@3ds.com
+33 (0)1 61 62 87 73

North America

Natasha LEVANTI

natasha.levanti@3ds.com
+1 (508) 449 8097

EMEA

Virginie BLINDENBERG

virginie.blindenberg@3ds.com
+33 (0) 1 61 62 84 21

China

Grace MU

grace.mu@3ds.com
+86 10 6536 2288

Japan

Reina YAMAGUCHI

reina.yamaguchi@3ds.com
+81 90 9325 2545

Korea

Jeemin JEONG

jeemin.jeong@3ds.com
+82 2 3271 6653

India

Priyanka PANDEY

priyanka.pandey@3ds.com
+91 9886302179

AP South

Hazel FOO

hazel.foo@3ds.com
+65 8333 3484

Université de Moncton Press Contact
Direction des communications

Université de Moncton

communication@umoncton.ca
www.umoncton.ca

Leverages AI-powered technology to revolutionize our customer’s utility bill processing

COLUMBUS, Ohio–(BUSINESS WIRE)–Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, is pleased to announce that a leading Canadian-based homebuilder and land development company has signed a contract to implement its IntelliCloud™ Payables Automation System. The sale was driven by the new Automated Utility Invoice Coding module and represents $100K in Total Contract Value (TCV) with over $41K in annual SaaS revenue. The customer is scheduled to go live by July 31, 2025.

For homebuilders and other organizations that receive many utility invoices, general ledger coding and processing can be a major drain on time, energy, and resources. With high invoice volumes, complex allocations, manual data entry risks, and siloed information, the process is often inefficient and prone to errors like double payment. The Automated Utility Invoice Coding module, introduced to the market in March 2025, harnesses licensed AI-powered technology to revolutionize utility bill coding with low or no-touch processing. The module automatically identifies the lot number and determines its status (model, spec, or completed) and then assigns accurate coding for utilities like gas, electric, water, HOA, and property tax.

“We have had some great feedback since we introduced the Automated Utility Invoice Coding module during a webinar in March,” said James F. DeSocio, President & CEO at Intellinetics. “In fact, another new customer told us they are already processing over 15,000 utility invoices a month through the system and over 80% are touchless! That’s within 60 days of going live. Every month, the percentage of touchless invoices increases for the customer.”

“Despite the challenges affecting homebuilders, such as tariffs and interest, demand for our Payables Automation solutions continue to grow because our product saves them time and money,” said DeSocio. “During times of economic uncertainty, investing in process efficiency becomes crucial because it strengthens a company’s ability to adapt, reduce costs, and maintain profitability. By streamlining operations and identifying inefficiencies, businesses can become more agile and resilient, better positioning them for taking advantage in the upswing.”

Continued DeSocio, “As reference accounts grow and share their story that our solutions are cost-effective with a tangible return on investment, particularly in a downturn, we remain confident in our payables automation solution for generating significant SaaS revenue growth.”

About Intellinetics, Inc.

Intellinetics, Inc. (NYSE American: INLX) is enabling the digital transformation. Intellinetics empowers organizations to manage, store and protect their important documents and data. Intellinetics’ flagship solution, the IntelliCloud™ content management platform, delivers advanced security, compliance, workflow and collaboration features critical for highly regulated, risk-intensive markets. IntelliCloud connects documents to users and the processes they support anytime, anywhere to accelerate innovation and empower organizations to think and work in new ways. In addition, Intellinetics offers business process outsourcing (BPO), document and micrographics scanning services, and records storage. From highly regulated industries like Healthcare/Human Service Providers, K-12, Public Safety, and State and Local Governments, to businesses looking to move away from paper-based processes, Intellinetics is the all-in-one, compliant, document management solution. Intellinetics is headquartered in Columbus, Ohio. For additional information, please visit www.intellinetics.com

Cautionary Statement

Statements in this press release which are not purely historical, including statements regarding future business and growth, Total Contract Value of any customer contract, go-live dates for any customer software implementation, demand for our software products, the cost-effectiveness of our products for our customers, return on investment association with purchasing our software, and generation of significant SaaS revenue growth, execution of our business plan, strategy, direction and focus; and other intentions, beliefs, expectations, representations, projections, plans or strategies regarding future growth, financial results, and other future events are forward-looking statements. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that we cannot secure a renewal of our largest customer contract through their competitive bidding process that is currently open as of the date of this release, the risks associated with the effect of changing economic conditions including inflationary pressures, challenges with hiring and maintaining a stable workforce, our ability to execute on our business plan and strategy, trends in the products markets, variations in Intellinetics’ cash flow or adequacy of capital resources, market acceptance risks, the success of Intellinetics’ solutions providers, including human services, health care, and education, technical development risks, and other risks, uncertainties and other factors discussed from time to time in its reports filed with or furnished to the Securities and Exchange Commission, including in Intellinetics’ most recent annual report on Form 10-K as well as subsequently filed reports on Form 8-K. Intellinetics cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Intellinetics disclaims any obligation and does not undertake to update or revise any forward-looking statements in this press release. Expanded and historical information is made available to the public by Intellinetics on its website at www.intellinetics.com or at www.sec.gov.

Non-GAAP Financial Measures

Intellinetics uses the metric of Total Contract Value as a key performance indicator that is not required by, or presented in accordance with, accounting principles generally accepted in the United States (GAAP). Total Contract Value does not have the effect of excluding, including, or adjusting an otherwise GAAP financial measure, and as such, is not a non-GAAP financial measure.

Total Contract Value: Estimated total future revenues from a particular contracted project. This refers to contracts or projects that have been awarded by our customers, and it presumes the provision of all software, subscription services, and/or professional services, with no termination of any awarded contracts. There can be no guarantee that all work will be completed during any fiscal period, or that the contracts will not be terminated before all the estimated future revenues are earned, received, and/or recognized. Total Contract Value is a performance measure that the Company believes provides useful information to its management and investors as it allows the Company to better track the Company’s current sales performance, without any adjustment to exclude revenues that will not be earned, received, or recognized until future periods. Total Contract Value may refer to new sales in any of our revenue categories, including SaaS, perpetual software licenses, maintenance, storage and retrieval, and professional services, to new or existing customers. Total Contract Value is not a substitute for total revenue. There is no GAAP measure that is comparable to Total Contract Value, so the Company has not reconciled the Total Contract Value to any GAAP measure.

Contacts

Investor Contact:
Joe Spain, CFO

Intellinetics, Inc.

614.921.8170

investors@intellinetics.com

TORONTO–(BUSINESS WIRE)–Teranet, a pioneer in developing modern land registry solutions and data-driven platforms for real estate and financial services sectors, is excited to announce that GoVeyance will officially be launching in Ontario, marking a return to the conveyancing space for Teranet and a major milestone in its dedication to supporting real estate legal professionals with modern, transparent, and client-focused solutions.

Teranet made a strategic investment in GoVeyance, a digital conveyancing platform developed by legal technology firm ReadyWhen Tech Inc. GoVeyance has been recognized in B.C. for its innovative user experience, fair pricing, and practice-centred approach. Ontario legal professionals will soon have access to a streamlined conveyancing and practice management platform, supported by Teranet’s trusted infrastructure and commitment to creating value for the communities they serve.

“We are back and are committed to the legal community more than ever,” said Elgin Farewell, President and CEO of Teranet. “For more than three decades, Teranet has supported Ontario’s real estate ecosystem with secure and reliable solutions,” said Farewell. “With the addition of GoVeyance to our legal suite of solutions, we are reinforcing our long-standing role as a trusted partner to legal professionals across the province.”

GoVeyance offers real estate lawyers an easy-to-use platform that simplifies the conveyancing process and prioritizes affordability, transparency, and service. As part of Teranet’s legal suite, including search and registration, digital payments, compliance, fraud detection, and now conveyancing and practice management at its core, GoVeyance strengthens the connection between real estate professionals, lenders, and homeowners.

“We believe conveyancing is at the center of a frictionless real estate transaction experience,” said Jessie Vaid, CEO of ReadyWhen Tech Inc. “GoVeyance was built for the community, by the community. By launching in Ontario, we are empowering legal professionals to modernize their operations while providing cost efficiencies to homebuyers – an opportunity we see strongly missing today.”

With trusted infrastructure and deep industry experience, Teranet is well-positioned to support Ontario’s legal community with the scale, reliability, and expertise needed to navigate today’s evolving real estate landscape.

To learn more about GoVeyance, visit www.goveyance.com.

About Teranet

Teranet is Canada’s leader in the delivery and transformation of statutory registry services with extensive expertise in land and commercial registries. It also provides insightful property intelligence and data solutions to thousands of customers in the real estate, financial services, government, utilities, and legal markets. Founded in 1991, Teranet operates the Electronic Registration System for the Province of Ontario, the Land Titles and Personal Property registries end-to-end for the Province of Manitoba. In 2014, Teranet expanded its global footprint by acquiring Foster Moore. This acquisition expands its registry solutions to include commercial off-the-shelf registry software that delivers operational cost reductions, enhanced security, and process improvements. Most recently, Teranet, invested in ReadyWhen Tech Inc., a B.C.-based technology firm specializing in innovative solutions for real estate legal professionals, including GoVeyance. This investment strengthens the shared commitment of both companies to provide leading-edge technology that enhances real estate transactions for all parties involved. Teranet is proud to be recognized as one of Greater Toronto’s Top 100 Employers for nine years in a row (2017 – 2025). Teranet is wholly owned by OMERS, one of Canada’s largest defined benefit pension plans. OMERS investment in Teranet is overseen by OMERS Infrastructure, the plan’s global infrastructure investment arm.

About ReadyWhen Tech Inc.

ReadyWhen Tech Inc. is a leading provider of cutting-edge digital solutions for the legal, wealth, and insurance industries. Through its flagship product, GoVeyance, the company is committed to building practical innovation to improve outdated processes and legacy software by simplifying complex procedures for enterprise businesses and professionals. By offering accessible and efficient solutions, it aims to reduce risk and accelerate digital transformation.

Contacts

For media inquiries, please contact:
Emily Ellis

Account Director, Kaiser & Partners Inc

emily.ellis@kaiserpartners.com

VAUDREUIL-DORION, Québec–(BUSINESS WIRE)–Harden announces the strategic sale of a 27-acre portion of Méga Centre Notre-Dame in Laval to Rosefellow, a leading Montreal-based industrial real estate developer for a purchase price of $75M This transaction marks a key milestone in the site’s transformation, supporting broader redevelopment efforts and reinforcing a long-term commitment to enhancing Laval’s economic and commercial vitality. Harden co-owns the property with RioCan in a 50% partnership which is dedicated to the site’s evolution and its strategic importance to the region.

As part of a shared vision to unlock the full potential of this highly visible and accessible site along Highway 13, the Harden-RioCan partnership is reinvesting in the retail component of the property following the sale. The portion sold to Rosefellow was a less productive area of the site. This strategic disposition enables targeted reinvestment into the retail core of Méga Centre Notre-Dame, accelerating its transformation into a productive, dynamic destination for residents, workers, and visitors alike.

“We are proud to continue our role in strengthening Laval’s retail and commercial environment,” said Tyler Harden, Co-Chief Executive Officer, Harden. “This sale supports a broader redevelopment vision that brings new energy and economic growth to the area. With new retailers like Sephora already open, Krispy Kreme on the way, and major expansions by iconic brands such as Winners/HomeSense, Gap, Banana Republic, La Vie En Rose, Dollarama and Poulet Rouge, Méga Centre Notre-Dame is entering a new chapter that reflects our dedication to creating lasting value for residents and businesses alike.”

This transformation includes the expansion of Winners/HomeSense into one of the largest stores of its kind in Quebec, with a footprint of approximately 70,000 square feet, and a significant expansion by Dollarama. These enhancements, coupled with the arrival of high-profile brands like Sephora, reinforce the centre’s appeal and solidify its role as a commercial anchor in Laval.

“This transaction highlights the strength of our retail portfolio and our ability to strategically unlock value from well-located assets,” said Jonathan Gitlin, President and CEO, RioCan Real Estate Investment Trust. “By monetizing a less productive portion of the site at an 80% premium to IFRS value and reinvesting in its high-performing core, we have strengthened the long-term viability of Méga Centre Notre-Dame and delivered meaningful value for our unitholders.”

Rosefellow’s planned $200 million redevelopment will introduce three state-of-the-art industrial buildings, meeting the growing regional demand for high-performance logistics and light industrial space. This development will complement the centre’s retail operations, creating a mixed-use hub that draws value from both sectors while serving the evolving needs of the community.

A dynamic tenant reconfiguration is already underway, with established retailers like GAP, Banana Republic, La Vie En Rose, Carter’s OshKosh, Dormez-Vous, Dollarama, Sushi Shop, Thai Express, Service Canada, and SQDC relocating within the site to optimize layout and enhance the shopping experience. This reimagining also makes room for innovative new concepts, including Mondou’s next-generation store and a refreshed Second Cup café, adding renewed energy and tenant mix to the centre.

Harden, in partnership with RioCan, continues to actively manage and enhance the remaining portions of Méga Centre Notre-Dame. A portion of these improvements is already complete, reflecting the partners’ ongoing commitment to improve the site’s layout, aesthetics, and visitor experience. This sustained effort underscores their dedication to shaping vibrant, welcoming spaces that support the community and long-term commercial vitality.

About Harden

Established in 1985, Harden is a second generation, family-owned real estate company whose primary focus is owning and operating commercial, residential, and industrial properties in many communities throughout the provinces of Quebec and Ontario. Vertically integrated, Harden specializes in all facets of the real estate development process, including, development, construction, leasing, and asset management.

To learn more about Harden, please visit www.harden.ca

Contacts

Media information:
Julie Krupa
Torchia Communications

514-264-3851 / julie@torchiacom.com

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0717 per unit for the month of June 2025, representing $0.86 per unit on an annualized basis. The distribution will be payable on July 15, 2025 to unitholders of record on June 30, 2025.

About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 14.2 million square feet, valued at approximately $4.5 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

For more information: TSX: PMZ.UN www.primarisreit.com www.sedarplus.ca

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Claire Mahaney

VP, Investor Relations & ESG

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com

SINGAPORE & VICTORIA, Canada–(BUSINESS WIRE)–KKR, a leading global investment firm, British Columbia Investment Management Corporation (“BCI”), and Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the Philippines, today announced the signing of definitive agreements under which BCI will acquire a minority stake in Pinnacle Towers from KKR, which will remain the majority shareholder.

Pinnacle Towers was established in 2020 to serve the rapidly increasing demand for connectivity and quality telecommunications infrastructure in the Philippines. Led by a highly experienced management team, the platform specializes in executing on Build-to-Suit (“BTS”) telecommunications tower projects, optimizing the use and management of Sale-and-Leaseback (“SLB”) assets with leading mobile network operators, and providing ancillary management services to industry players. In the span of five years, Pinnacle Towers has scaled to become the largest independent tower company in the Philippines with around 7,000 towers.¹

Lincoln Webb, Executive Vice President & Global Head, Infrastructure & Renewable Resources, BCI, said, “We are excited to work closely with KKR and Pinnacle’s management team to support the growth of the business. The Philippines represents a compelling market for long-term capital, especially in essential digital infrastructure services. This investment aligns with our emerging markets strategy of backing high-quality infrastructure assets alongside strong institutional partners. We look forward to supporting Pinnacle Towers as it continues to enhance digital connectivity and drive meaningful impact across the Philippines.”

Projesh Banerjea, Managing Director, Infrastructure, KKR, said, “We are very proud of the success that we have achieved with Pinnacle Towers to serve the Philippines’ connectivity needs. Since our initial investment, we have collaborated closely with Pinnacle Towers’ outstanding management team to deepen the platform’s capabilities and scale its presence organically and through bolt-on acquisitions. We are delighted to welcome BCI, who share our long-term vision and commitment to developing critical digital infrastructure, as strategic partners and look forward to building on Pinnacle Towers’ strong growth momentum.”

Patrick Tangney, Chairman and CEO of Pinnacle Towers, said, “Over the last five years, with the support of KKR, Pinnacle Towers has grown to become the leading independent tower company in the Philippines. BCI’s investment marks an important milestone in our journey and is a strong endorsement of our mission. With BCI and KKR as strategic partners, we are well-positioned to continue driving greater digital connectivity in the Philippines and across the region.”

BCI Infrastructure & Renewable Resources has a global portfolio with nine active investments in the Asia-Pacific region, including Rakuten Mobile (a leading communications tower company in Japan), Altius (a leading communications tower company in India), and Cube Highways (the largest toll road operator in India). The program continues to expand its presence in the region with the addition of this minority stake acquisition in Pinnacle Towers.

KKR made its investment in Pinnacle Towers from its Asia Infrastructure Funds I and II. KKR first established its global infrastructure team and strategy in 2008 and has since been one of the most active infrastructure investors around the world. KKR’s Asia Pacific infrastructure platform was established in 2019 and has since organically grown to approximately US$13 billion in assets under management.

The transaction is expected to be completed by Q3 2025, subject to customary regulatory approvals.

About BCI

British Columbia Investment Management Corporation (BCI) is amongst the largest institutional investors in Canada, with C$250.4 billion in gross assets under management as of March 31, 2024. Based in Victoria, British Columbia, with offices in Vancouver, New York, and London, U.K., BCI manages a portfolio of diversified public and private market investments on behalf of its British Columbia pension fund and institutional clients. Learn more at www.bci.ca.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Pinnacle Towers

Pinnacle invests in, builds and operates telecommunications infrastructure with a focus on towers and related assets. Pinnacle is an Asia-focused digital infrastructure platform with a strong focus on the rapidly growing Philippines market. Frontier’s leadership team includes founders of a number of highly successful tower companies and former C-level executives from some of the world’s leading wireless operators. KKR first invested in Pinnacle Towers in 2020.

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1 Including sites contracted to build or acquire

 

Contacts

Media Contacts

For BCI

Olga Petrycki

+1 778 410 7310

media@bci.ca

For KKR Asia Pacific

Wei Jun Ong

+65 6922 5813

WeiJun.Ong@kkr.com

For Pinnacle Towers

Hendrik-Jan Kroon

Hendrik@frontiertowersphilippines.com