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Why TrueContext

Field Service App Platform

Adapt, automate, and transform your field operation

Advanced Automation

Double the productivity, half the effort

Connected Data

Break down data silos across your business

Enterprise-Grade Services

Digitization at speed and at scale

Compliance & Security

A platform that meets your IT requirements

Capabilities

Workflow Creation

Built for complex field environments

Mobile App

Equip your teams anywhere and in any language

Reporting & Analytics

Visibility now, predictability for tomorrow

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Use Cases

Installation

More assets in less time with guided workflows

Maintenance & Repair

Improve asset uptime with predictive maintenance

Inspections & Compliance

Optimize your operational excellence

Environment, Health & Safety

Protect workers, the public, and the environment

Industries

Industrial Equipment

Power asset performance and human safety

Medical Equipment

Precision for sophisticated instrumentation

Oil & Gas

Operational excellence across the energy stream

Field Service

Break new ground in productivity, quality, and safety

Use Case Spotlight

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Customer Stories

TrueContext applied in enterprise environments

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What customers say about us

Events

Explore emerging trends with us at upcoming events

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Stories and insights from the field

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Answers to the most common product questions

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Hands-on training to optimize your deployment

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Content for your industry and application

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See how TrueContext can help your business

TrueContext Completes Plan of Arrangement

OTTAWA, ON – May 16, 2024 – TrueContext Corporation (“TrueContext” or the “Company”) (TSXV:TCXT), a global leader in field intelligence, is pleased to announce the completion of the previously announced plan of arrangement under the Business Corporations Act (Ontario) pursuant to which 1000827877 Ontario Inc. (the “Purchaser”), an entity controlled by Battery Ventures (“Battery”), has acquired all of the issued and outstanding common shares of the Company (the “Shares”) at a price of $1.07 in cash per Share (the “Transaction”).

With the completion of the Transaction, the Shares are expected to be delisted from the TSX Venture Exchange (the “TSXV”) at the close of trading today and it is anticipated that TrueContext will cease to be a reporting issuer under applicable Canadian securities laws.

Shareholders who have questions or require assistance submitting their Shares in connection with the Transaction may direct their questions to TSX Trust Company, who is acting as depositary in connection with the Transaction, by phone at the toll free number 1-866-600-5869 (within North America) or 1-416-342-1091 (outside North America) or by email at tsxtis@tmx.com.

For more information on the Transaction, please see the news releases issued by TrueContext on March 13, 2024 and May 8, 2024 along with the Company’s management information circular dated April 8, 2024 prepared in connection with the Transaction, all of which are available under the Company’s SEDAR+ profile at www.sedarplus.ca and on the Company’s website at www.TrueContext.com.

Early Warning Reporting

Following completion of the Arrangement, the Purchaser has beneficial ownership and control over 100% of the issued and outstanding Shares. Prior to the closing of the Transaction, the Purchaser held no Shares.

This news release is being issued, in part, pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers which requires an early warning report to be filed under TrueContext’s profile on SEDAR+ (www.sedarplus.ca) containing additional information respecting the foregoing matters. Further information and a copy of the early warning report may be obtained by contacting Rebecca Buckman, Marketing Partner of Battery, 2882 Sand Hill Road, Suite 280, Menlo Park, CA 94025, telephone: 650-292-2077.

About TrueContext

TrueContext is the global leader in field intelligence. The product’s field workflows and data collection capabilities enable enterprise field teams to optimize decision-making, decrease organizational risk, maximize the uptime of valuable assets, and deliver exceptional service experiences. Over 100,000 subscribers use the Company’s product across multiple use cases, including asset inspection, compliance, installation, repair, maintenance, and environmental, health & safety with quantifiable business impacts.

The Company is based in Ottawa, Canada, and currently trades on the TSXV under the symbol TCXT. “ProntoForms” and “TrueContext” are registered trademarks of TrueContext Inc., a wholly-owned subsidiary of the Company.

About Battery Ventures

Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from six strategic locations: Boston; San Francisco and Menlo Park, California; Tel Aviv; London; and New York. Follow the firm on X @BatteryVentures and visit our website to find a full list of Battery’s portfolio companies at https://www.battery.com/list-of-all-companies/.

Battery Contact:
Rebecca Buckman
Marketing Partner
Battery Ventures
650-292-2077
becky@battery.com

Alvaro Pombo
co-Chief Executive Officer
TrueContext Corporation
613.599.8288 ext. 1111
apombo@truecontext.com

Philip Deck
co-Chief Executive Officer
TrueContext Corporation
416.702.3974
pdeck@truecontext.com

Dave Croucher
Chief Financial Officer
TrueContext Corporation
613.286.9212
dcroucher@truecontext.com