Acquires Media Tech 

Expands its Autonomous Home™ Presence to the Greater Chicago Region

November 6, 2023 — Newtown, PA and Woodside, CA —Hi Solutions announced today that it has acquired Media Tech Living based in St. Charles, Illinois. Media Tech is a key strategic addition that expands the company's capabilities and reach into one of the largest markets in the United States.

"Media Tech is highly respected for design, quality and service, and they are a natural fit with our company," commented John Parker, President and CEO of Hi. "We look forward to partnering with Media Tech's three founding members, Daniel A. Daker, Paul H. Faber and Thomas A. Young, to both support their growth and execute our expansion plan further into Chicagoland. This team is highly skilled and experienced, and we delighted to welcome them to the Hi Solutions family."

Messrs. Daker, Faber and Young commented, "We have been very focused on serving our customers and building a great reputation. While we have accomplished so much, with the added support, reach and capabilities from Hi Solutions, we feel that we are at just the beginning of this journey. We look forward to joining this outstanding Hi team to bring the Autonomous Home offering into Chicago."

Michael Moe, Executive Chairman of Hi, stated: "Hi Solutions continues its significant momentum in the booming Autonomous Home market. The megatrend of the home becoming the operating platform for life with the advent of artificial intelligence continues unabated. We are very excited about the acquisition of Media Tech as it brings us into Chicago and more talent into our company."

The Media Tech acquisition is the latest announced transaction executed to advance Hi's "rollup" program, a cornerstone of its strategy to become a national provider of technology solutions for home users and business customers. The Company has previously announced the acquisitions of Fort Lauderdale, FL-based Media Design Associates (MDA), Southern California-based Unify Smart Home, and Huntington Valley, PA-based Booyah Technologies in its home region of Greater Philadelphia. The Company expects announcements of additional acquisitions during this fourth quarter of 2023.

About Hi