State College, PA — January 1, 2025 — Over the past 25 years Avail has established itself as a leader
in the field of Intelligent Transportation Systems for public transit by providing industry-leading
technologies and unsurpassed customer service. Founded on January 1st of 1999 by Dorsey Houtz,
and co-founders David Matta and Mike Lynn (both retired), Avail has always had a customer-first
perspective.

In 2009 Avail took the first step towards employee ownership with the retirement of David Matta, and
subsequent retirement of Mike Lynn, making Avail 67% employee-owned. For the past two years, Avail
has been planning for the retirement of Dorsey Houtz and is pleased to announce the promotion of
Rick Spangler to President and Chief Executive Officer (CEO), effective as of January 1st, 2025.
“For the past 24 years, Rick has been by my side demonstrating an unwavering passion and
commitment to serving our customers, our public transit industry, and our people, and I have every
confidence in his ability to lead Avail Technologies into its next phase of growth,” said Dorsey Houtz.

Mr. Houtz will continue as part of the Avail team throughout 2025 in a support and advisory role to
ensure the successful transition, while also serving as Chairman of the Board of Directors. On
December 31st, 2025, Mr. Houtz will officially retire from all day-to-day activities but will remain
Chairman to ensure long-term success and continuity.

“This transition allows me to step back from the day-to-day operations while still supporting the
company I founded. I am especially proud to be part of Avail’s journey toward becoming 100%
employee-owned. 100% employee ownership is a goal I’ve had for the past 15 years, and now it is
finally coming to life. This will not only empower our dedicated team of employee-owners and ensure
the long-term success of the company, but also ensures our customers continue being served with
the same old-fashioned values that have always been the cornerstone of Avail,” Mr. Houtz stated.

Rick Spangler has been a core member of the Avail team since joining in 2000, serving in numerous
roles and contributing to the company’s success through his customer focus, technical expertise,
and visionary leadership. As CTO, Spangler played an instrumental role in advancing our solutions
portfolio of product and service offerings, helping position Avail as a prominent player in the public
transit technology sector. His deep understanding of both the company’s culture and its business
will ensure a smooth transition and sustained growth.

Spangler shared his excitement about the new role, stating, “I’m honored to take on the role of
President and CEO and continue working with the incredible team at Avail Technologies. Dorsey has
laid an extraordinary foundation for the company, and we will build on that success. Our focus will
continue to be on providing the highest levels of premier service to our family of customers, evolving
our product and service offerings to provide even greater value for our customers and the
communities they serve, and strengthening our support of the public transit industry. As we work
toward becoming 100% employee-owned, I look forward to continuing to foster a culture of ownership
and shared success for every member of our team.”

A New Chapter: 100% Employee Ownership by 2026
One of the most significant aspects of this leadership transition is Avail’s ongoing commitment to
becoming fully employee-owned by the end of 2025. This strategic move aligns with the company’s
vision to foster a workplace where employees are not only stakeholders in the company’s success
but also empowered to shape its future.

By creating a fully employee-owned organization, Avail Technologies aims to further strengthen its
culture of collaboration, innovation, and accountability. This transition will also provide employees
with increased financial benefits, ensuring that the company’s success is shared by those who have
contributed to its growth and achievements.

About Avail Technologies, Inc.
Avail Technologies, headquartered in State College, Pennsylvania, is pioneering total transit
solutions. Its flagship product, myAvail, delivers robust comprehensive enterprise solutions that are
smart, reliable, and convenient. Avail is driven to partner with organizations that share its values and
vision to revolutionize the adoption of ITS to solve real-world transit challenges. As the only ESOP
systems integration vendor in the industry, Avail’s commitment to its customer’s success is personal.

For media inquiries, please contact:
Christine David
Marketing Specialist
Avail Technologies, Inc.
cdavid@availtec.com
(814) 699-8912
www.availtec.com
###