Supra Statement Regarding SentriLock - February 17, 2022

Following a February 15, 2022, press release from SentriLock, LLC, that includes misleading information regarding a 2020 lawsuit, Supra and its parent company Carrier Global Corporation (Carrier) are setting the record straight.

The April 2020 lawsuit alleges that Supra's automotive lock boxes infringe two patents, and is not related to Supra's real estate lock boxes as implied in Sentrilock's press release. Throughout the last 22 months, Carrier has presented facts to the Court and has filed its own proceeding in the US Patent and Trademark Office, challenging the validity of the two patents.

The court has stayed SentriLock's lawsuit, while the Patent Office determines whether the patents are valid. We expect a decision later this year from the Patent Office. Supra believes SentriLock's patents will be held invalid, and that Supra's automotive lock boxes do not infringe the two patents in question.

Supra released its first lockbox system in 1955 for the real estate industry. Throughout its history, Supra has innovated solutions that have revolutionized the North American real estate experience. Today, Supra's key mobile credentialing technology is deployed across an installed base of 4 million locking devices in multiple industries. Supra is the trusted managed access solution for more than 1 million real estate agents and in 2021 enabled more than 46 million showings.

About Supra

A leading global provider of mobile credentialing and key management systems, Supra offers innovative access solutions for the real estate, property management, automotive, and commercial sectors. Supra has produced convenient and secure entry solutions for over 60 years. Supra's key credentialing technology is deployed across an installed base of 4 million locking devices in multiple industries. Supra is a part of Carrier Global Corporation, a leading global provider of healthy, safe and sustainable building and cold chain solutions.