JEMTEC RECEIVES EXTENSION AND IS AWARDED A NEW 5 YEAR SASKATCHEWAN AGREEMENT

JEMTEC INC. TSX- V: JTC

VANCOUVER, BC, Oct. 3, 2022 /CNW/ - JEMTEC Inc. (TSXV: JTC) (the "Company") is pleased to announce that Saskatchewan Justice has award the Company an extension of up to six months for the present EM System and Services it provides followed by a five-year agreement for a new Offender Electronic Monitoring System and associated Services.

The new Contract is to provide technology for the Ministry of Corrections, Policing, and Public Safety (CPPS) which was seeking competitive proposals for the delivery, installation, maintenance, support, orientation and training for a radio frequency Electronic Monitoring (EM) system for 190 offenders, in addition to 120 offenders through Global Positioning System (GPS) in the province of Saskatchewan. EM is a release and sentencing option for the Court in Saskatchewan. Such options can reduce remand and custodial numbers and overall cost to manage offenders.

Eric Caton, President and CEO said, "Jemtec has provided monitoring technologies and services to CPPS since 1990 and is pleased and proud to continue our support and services to this long-standing customer for use in this demanding environment".

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

SOURCE Jemtec Inc.

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