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Iron Mountain Provides Update on U.S. Government Digital Award

1. IRM is digitizing documents for the U.S. Department of the Treasury. 2. A new RFQ could lead to a five-year digitalization contract. 3. IRM's previous success with government projects strengthens its position. 4. The company plans to submit its RFQ response by July 2025. 5. No financial benefit from the award is included in 2025 guidance.

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FAQ

Why Bullish?

IRM's involvement in government contracts typically leads to stable revenue streams. Historical performance shows strong stock reactions following contract wins.

How important is it?

The contract enhances IRM's market credibility and future revenue, indicating investor confidence. The RFQ process can elevate stock interest as investors assess potential wins.

Why Long Term?

The potential five-year contract ensures steady income, influencing long-term growth. Past contracts have positively affected IRM's market position over time.

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- PORSTMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in information management services, today provided an update on its recently awarded contract by the U.S. Department of the Treasury. The company has commenced work under the award and is actively digitizing documents and leveraging its proprietary intelligent digitization solution as part of the engagement. Earlier this week the U.S. Department of the Treasury issued a Request for Quotations (RFQ) for a new long-term engagement for digitalization as a service, with an expanded scope and a lengthened contract period of five years. If awarded, this new RFQ would incorporate the work awarded to Iron Mountain in April. The company welcomes the opportunity to compete for this larger and longer duration contract. Having successfully completed numerous digital transformation projects for the U.S. Government, having been awarded the earlier iteration of this opportunity, and having the benefit of doing the work under its current contract, Iron Mountain believes it is well positioned to provide the U.S. Government with a superior end-to-end solution that can fully support this efficiency initiative. The company has begun the process of responding to the RFQ and expects to submit its response before the government’s July 11, 2025 deadline. In the meantime, we continue to work and be compensated under the initial award given the time criticality of the U.S. Government’s requirement. As previously disclosed, the company has not included any benefit from the Department of Treasury award in its 2025 financial guidance. About Iron Mountain Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Our longstanding commitment to safety, security, sustainability and innovation in support of our customers underpins everything we do. To learn more about Iron Mountain, please visit www.IronMountain.com. More News From Iron Mountain Incorporated

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