Badger Infrastructure Solutions and McKay Métis Group Announce New Partnership - Seite 2

The Company’s key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquify the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. To complement the Badger Hydrovac, the Company introduced the Badger Airvac¹, in late 2021. The Badger Airvac is also used for safe excavation but utilizes compressed air instead of water to loosen the cover soil before vacuuming and depositing excavation materials into a storage tank. Badger is unique in the non-destructive excavation industry because it designs and manufactures all of its hydrovac and airvac units at its plant in Red Deer, Alberta, which has an annual production capacity of more than 350 hydrovac and airvac units.

_{¹ Badger Airvac is a registered trademark in Canada. The trademark is currently “pending” in the United States.}

Cautionary Statements Regarding Forward-Looking Information and Statements

Certain statements and information contained in this press release, including statements and information that contain words such as “aims”, “commitment”, “grow”, “potential”, “will” and similar expressions relating to matters that are not historical facts, constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. These statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements and information. The Company believes the expectations reflected in such forward-looking statements and information are reasonable, but no assurance can be given that these expectations will prove to be correct. Such forward-looking statements and information included in this press release should not be unduly relied upon. These forward-looking statements and information speak only as of the date of this press release.

In particular, forward-looking information and statements in this press release include, but are not limited to the following: MBIS LP, including the anticipated benefits to Badger’s and MBIS LP’s stakeholders as a result of the formation of MBIS LP; and the anticipated impact of MBIS LP’s business operations. The forward-looking information and statements made in this press release rely on certain expected economic conditions and overall demand for Badger’s and MBIS LP’s services and are based on certain assumptions. The assumptions used to generate this forward-looking information and statements are, among other things, that: the overall market for Badger’s and MBIS LP’s services or their respective abilities to provide services will not be adversely affected in the long-term by economic disruption, or other factors beyond their control such as weather, natural disasters, global events, legislation or regulatory changes and technological advances; there will be long-term sustained customer demand for non-destructive excavation and related services from a broad range of end use markets in North America; Badger will maintain relationships with current customers and Badger and MBIS LP will develop successful relationships with new customers; Badger and MBIS LP will collect customer payments in a timely manner; Badger and MBIS LP will be able to compete effectively for the demand for their respective services; there will not be significant changes in profit margins due to pricing changes driven by market conditions, competition, regulatory factors or other unforeseen factors; Badger and MBIS LP will realize the efficiencies and benefits of the executed partnership between Badger and MMG; Badger and MBIS LP will be able to successfully implement their respective plans, programs, and procedures as expected; and Badger will obtain all labour, parts and supplies necessary to complete planned Badger non-destructive excavation unit builds at the costs and on the timeline expected.