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A Letter from Our President and CEO

Dear Fellow Associates,

Together, we are embarking on an exciting journey through which we’ll bring trust and confidence to transportation systems worldwide. On this journey, there will be no quality more important than integrity. Integrity is the first of our shared values, and it forms the basis on which we’ll ensure excellence in everything we do.

Integrity, along with our other shared values, is embedded throughout our Code of Conduct (“Code”) and forms the bedrock for the principles our Code sets forth. Our Code defines our culture and outlines the specific rules and areas of the law that are most likely to affect our work. As such, it provides us a road map for our daily operations and helps ensure that none of us compromises our commitment to integrity, service or excellence. I fully expect every Tracking Innovations director, officer and associate to internalize our shared values, to understand the guidelines set forth in our Code and to follow them in their daily business conduct. We expect our vendors and other business partners to uphold these guidelines and our shared values, as well.

Certain situations may arise that aren’t covered in our Code, other Company policies or employee handbooks. If you have any questions concerning the legality or propriety of an action, you should contact your manager, department head or any other contact listed in our Code. If you wish to voice concerns or report misconduct, you should also feel free to call or email the EthicsPoint hotline. You will not face retaliation for making a report in good faith.

To be clear, we must never jeopardize our shared values or violate Company policy or the law in the name of profit. We must strive for success by ensuring the highest standards of integrity and legal compliance, as well as an uncompromising commitment to quality and service. I expect your wholehearted support of our shared values and our Code, and I have no doubt that together we will succeed!

Best Regards,

Lori Alf

President and Chief Executive Officer