Pulse Data Inc. announces that it has initiated a process to evaluate strategic alternatives for its LiDAR business segment, which operates under the name of Terrapoint. Ken MacDonald, President and CEO of Pulse stated, "While Terrapoint is a world leader in the field of LiDAR technology, our management and board have concluded that this business is not strategic to Pulse."

Ken MacDonald, President and Chief Executive Officer of Pulse Data Inc. ("Pulse" or the "Company"), is pleased to provide the following corporate update.