GEO Group announces the first-ever award of a community correction contract for the BI VeriWatch™ wrist-worn GPS locator

BI VeriWatch™ is the latest in a continuum of innovative GPS tracking systems from BI Incorporated

BOCA RATON, Fla., March 8, 2023–(BUSINESS WIRE)–GEO Group (NYSE: GEO) (“GEO”) today announced that its wholly owned subsidiary, BI Incorporated (“BI”), has acquired from Santa Clara County , California, signed a new five-year agreement, including renewal options, for the use of BI VeriWatch™ (“VeriWatch”), which represents the first-ever corrective action agreement for the community to incorporate this new cutting-edge technology developed by BI.

VeriWatch is a wrist-worn GPS tracking device that provides discrete, real-time monitoring of individuals under collective supervision by probation, probation, pre-parole and other law enforcement agencies. VeriWatch is the first GPS tracking device in the community to use biometric face comparison technology to authenticate the identities of those wearing the device. Running on a secure, custom operating system, VeriWatch offers multiple layers of tamper detection, a device camera, and an optical proximity sensor. VeriWatch also includes a clip-on transfer battery that allows the device to be charged on the go. Supervisors can also send notifications and messages through VeriWatch, and those wearing the device can read and acknowledge those notifications, with a two-way capability that supports supervisor engagement and compliance.

George C. Zoley, Executive Chairman of GEO, said, “VeriWatch is a game changer for BI and community corrections and other law enforcement agencies because the device leverages cutting-edge technology and a sleek design that reflects today’s consumer wrist-worn smart devices. We expect VeriWatch to expand its use of technology to improve evidence-based best practices that indicate individuals who are actively involved in their oversight plan are better at meeting the terms of collaborative oversight.”

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About BI Incorporated

Founded in 1978, BI Incorporated is a wholly owned subsidiary of The GEO Group, Inc. BI offers more than a dozen electronic surveillance systems for individuals under the collective supervision of probation, probation, pre-parole and other law enforcement agencies. BI has Original Equipment Manufacturer (OEM) status and manufactures its products in US facilities, employs more than 1,000 highly skilled professionals nationwide and produces more than 200,000 electronic monitoring devices annually in Boulder, Colorado. BI offers a continuum of GPS surveillance systems, including anklets, wrist-worn and mobile biometric solutions, to meet the diverse risk needs of government agencies. In addition, BI offers radio frequency (RF) curfew monitoring, alcohol detection and voice verification systems; call center and operations monitoring services; and software solutions, including smartphone applications.

About the GEO Group

The GEO Group, Inc. (NYSE: GEO) is a leading diversified government services provider specializing in the design, financing, development and support services for secure facilities, processing centers and community re-entry centers in the United States, Australia and South Africa United Kingdom. GEO’s diverse services include enhanced incarceration rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic surveillance, community-based programs, and prison health care and mental health. GEO’s global operations include owning and/or providing support services to 102 facilities totaling approximately 82,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 people.

Use of Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the US Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements, and such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this press release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from such forward-looking statements, including statements relating to Santa’s contract award Clara County, California for use of VeriWatch. Risks and uncertainties that could cause actual results to differ from current expectations and the forward-looking statements contained in this press release include, among others, risk factors contained in GEO’s filings with the Securities and Exchange Commission , including Form 10-K, 10-Q, and 8-K reports. GEO disclaims any obligation to update or revise any forward-looking statements.

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