BluSky Ai Inc. (OTC: BSAI)

BluSky Ai Inc. (OTC: BSAI) is pioneering the next generation of AI infrastructure through modular, rapidly deployable data centers that meet the escalating compute demands of artificial intelligence, machine learning, and high-performance computing. The company's mission is to empower AI innovators by eliminating infrastructure bottlenecks and accelerating time-to-compute with energy-efficient, scalable solutions.

Rather than betting on individual AI applications, BluSky Ai addresses the universal need for compute power—positioning itself as a foundational layer in the AI revolution. Its infrastructure-first approach enables clients to focus on innovation while the company delivers the critical backbone powering tomorrow's breakthroughs.

BluSky Ai is headquartered in Salt Lake City, Utah.

Products

BluSky Ai's core offering is its SkyMod series of modular data centers—pre-assembled, scalable compute units designed specifically for AI workloads. The flagship SkyMod One delivers 1 MW of compute power in a compact 1,400-square-foot footprint, while the SkyMod XL offers 1.7 MW in 3,000 square feet. These units are fully assembled off-site, tested, and shipped ready for plug-and-play deployment either on BluSky-owned land or client facilities.

SkyMod modules integrate NVIDIA GPUs and are optimized for high-density AI applications such as generative AI, large language models, inference engines, and scientific computing. Built for rapid scaling and high efficiency, each system includes advanced cooling, secure infrastructure, and dynamic workload balancing to support evolving client needs.

The company's data centers are engineered for sustainability, incorporating renewable energy sources like solar, wind, and geothermal where available. By deploying on powered land assets, BluSky Ai shortens lead times and lowers costs, creating a fast, flexible alternative to traditional monolithic data centers.

Market Opportunity

The global data center market was valued at $347.6 billion in 2024 and is projected to reach $652.0 billion by 2030, growing at a CAGR of 11.2%, driven by the rapid expansion of AI, machine learning, and IoT adoption, according to Grand View Research. As enterprises demand faster, more scalable compute solutions, modular infrastructure like BluSky Ai's SkyMod series offers a compelling alternative to legacy data center models.

With North America accounting for over 40% of the global market and the U.S. expected to grow at a 10.7% CAGR from 2025 to 2030, BluSky Ai is well-positioned to capture demand for AI-optimized infrastructure that can be deployed rapidly and cost-effectively. By focusing on GPU-centric, modular deployments tied to energy infrastructure, the company addresses a growing gap between compute demand and deployment speed in the AI era.

Leadership Team

Trent D'Ambrosio, Chief Executive Officer, is a seasoned executive with a track record in telecommunications, hedge fund management, and natural resource development. He previously sold the first transatlantic fiber cable, built a successful gold mining company, and now leads BluSky Ai with a vision to revolutionize AI infrastructure through strategic energy integration and rapid deployment.

Julien Bedard, Chief Technology Officer, is a pioneering technologist known for launching the first Bitcoin escrow and anti-fraud service. At BluSky Ai, he oversees cloud architecture, cybersecurity, infrastructure automation, and the development of AI-native data center technology, ensuring scalability and resilience across deployments.

Dan Gay, Chief Operating Officer, has Fortune 500 executive leadership in telecom, technology, and energy, as well as start-up experience with finance and blockchain companies. At MCI and Qwest, he launched new service and sales centers, and directed National Account Sales. He has been a successful CMO in brand creation, product development, partnerships, and revenue generation programs to expand company awareness, sales, and revenue.

BOXABL Inc. (NASDAQ: BXBL)

BOXABL Inc. (NASDAQ: BXBL) is a technology company focused on transforming residential construction through a factory-built, modular housing system designed for scale. By shifting homebuilding from traditional on-site processes to controlled manufacturing environments, the company aims to introduce a more standardized, efficient and repeatable approach to housing production. Its model integrates design, engineering and manufacturing into a unified system intended to improve speed, cost predictability and overall accessibility.

The company's approach is rooted in addressing persistent structural challenges across the housing market, including affordability constraints, regulatory complexity and declining construction productivity. BOXABL's platform is designed to streamline the building process by reducing reliance on fragmented workflows and enabling consistent output through automation and standardized components. This system-level strategy is intended to support a wide range of housing applications while improving efficiency across the value chain.

The company is headquartered in Las Vegas, Nevada.

Products

BOXABL's product platform is built around a modular housing system designed for factory production, transportation efficiency and on-site deployment. Its core innovation is a folding building structure that allows homes to ship compactly on standard trailers and then unfold on-site into full residential units. This approach is intended to convert homebuilding into a repeatable manufacturing process with consistent quality and predictable costs.

The company's flagship product line is the Casita, a fully finished modular home offered in multiple configurations, including studio, one-bedroom and two-bedroom layouts. Each unit includes a full kitchen, bathroom, and living space and can be delivered as a turnkey solution with financing and installation depending on the program. BOXABL also offers the Baby Box, a smaller unit built to RV code and designed for simpler setups without traditional foundation requirements, expanding accessibility and deployment flexibility.

The same modular system is designed to scale beyond individual units into larger residential and commercial applications, including single-family homes, townhomes, multifamily housing, hotels and mixed-use developments. BOXABL supports these applications through a 400,000-square-foot factory complex in Las Vegas, where it has produced more than 800 homes to date, and through a diversified go-to-market strategy that includes homeowners, builders, developers, commercial partners, and public sector deployments.

Market Opportunity

BOXABL is targeting a large and structurally undersupplied housing market, which the company estimates at approximately $2.2 trillion in total addressable demand. This figure is based on an estimated need for more than 5.4 million homes, including a 4.03 million unit shortfall combined with approximately 1.36 million annual housing starts at a median price point of around $405,000.

Within this broader market, the company focuses on the modular and manufactured housing segment, representing a serviceable addressable market of approximately $36 billion, based on roughly 103,000 manufactured homes shipped in 2024. BOXABL estimates its initial serviceable obtainable market at approximately $1 billion, based on a single-factory production capacity of 5,000 homes per year and an average turnkey price of approximately $175,000 per unit.

The company also highlights several structural drivers supporting demand, including affordability challenges affecting approximately 75% of U.S. households, a housing shortfall estimated at 4.7 million units, and regulatory burdens that can increase construction costs by roughly 42%. Additionally, construction productivity has declined significantly since 1970, reinforcing the potential need for alternative approaches that emphasize standardization and factory-based production.

Leadership Team

Paolo Tiramani, Co-Founder and Co-Chief Executive Officer, is an American entrepreneur with backgrounds in industrial design and mechanical engineering and has been associated with more than 150 patent filings, including work involving intellectual property licensing to Fortune 500 companies.

Galiano Tiramani, Co-Founder and Co-Chief Executive Officer, is a serial entrepreneur with experience in cryptocurrency arbitrage, Bitcoin ATM operations and agricultural ventures, contributing to the company's focus on unconventional business models and emerging opportunities.

Kyle Denman, Co-Founder and Chief Product Officer, holds a Bachelor of Science in Mechanical Engineering and has contributed to numerous civil and automotive mechanical patent filings, supporting the development of BOXABL's modular engineering platform.

Martin Costas, Chief Financial Officer, has held senior finance roles across organizations including Honeywell, Schlumberger, Nexans, Sysco and PwC, bringing experience in financial operations, reporting and corporate scale.

Shan Palaniappan, Chief Technology Officer, has more than two decades of experience in enterprise software and platform engineering, with prior leadership roles at Sagent, DataRobot and Salesforce, where he focused on cloud infrastructure and AI-enabled systems.

D-Wave Quantum Inc. (NASDAQ: QBTS)

D-Wave Quantum Inc. (NASDAQ: QBTS) is a leader in quantum computing systems, software and services focused on delivering value to our customers via practical quantum applications for problems such as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, fault detection and financial modeling. As the only provider building both annealing and gate-model quantum computers, the company is unlocking commercial use cases in optimization today, while building the technologies that will enable new solutions tomorrow. Founded in 1999, D-Wave is the world's first commercial supplier of quantum computing solutions.

D-Wave is a pioneer in quantum computing, with a history of delivering the world's first commercial quantum computer; the first real-time quantum cloud service; countless hardware and software product and research milestones; and the planned first cross-platform quantum solution which will deliver both annealing and gate-model quantum computers to customers via an integrated platform. Its current commercial product offerings include: Advantage™ (fifth generation quantum computer), Leap™ (quantum cloud service), Launch™ (quantum computing onboarding service), Ocean™ (full suite of open-source programming tools) and Quantum QuickStart™ (quantum programming training).

D-Wave's relentless pursuit of practical quantum computing has resulted in the technology being used today by some of the world's most advanced enterprises – our customers include more than two dozen of the Forbes Global 2000 companies.

D-Wave's commercial customers include blue-chip industry leaders like Volkswagen, Mastercard, Deloitte, ArcelorMittal, Siemens Healthineers, Unisys, Accenture, BBVA, NEC Corporation, Pattison Food Group Ltd., DENSO and Lockheed Martin. The company owns one of the largest quantum computer intellectual property portfolios in the industry including more than 210 issued U.S. patents. In addition, it has published more than 100 peer-reviewed papers in leading scientific journals.

Advantage™ Quantum Computer

With the Advantage™ Quantum Computer, D-Wave has incorporated two decades of experience and over 10 years of customer feedback to create the first and only quantum computer designed for business applications. The platform features a new processor architecture with over 5,000 qubits and 15-way qubit connectivity. This is 2.5x more connections and more than double the number of qubits than the company's previous generation quantum computer.

D-Wave's quantum computers, first located at the company's facilities in British Columbia, Canada, have been available to North American users through its Leap™ quantum cloud service since 2018. Over the last two years, D-Wave has since introduced new Advantage systems located in Julich, Germany and Marina Del Rey, California, which marked the availability of the first Advantage quantum computer physically located in the United States. This system is part of the USC-Lockheed Martin Quantum Computing Center (QCC) hosted at USC's Information Sciences Institute (ISI), a unit of the University of Southern California's prestigious Viterbi School of Engineering.

Leap Quantum Cloud Service

D-Wave's customers interface with the Advantage quantum computer through the Leap™ quantum cloud service. Leap delivers immediate, real-time access to the company's Advantage quantum computer and quantum hybrid solver service, all with enterprise-class performance and scalability.

Leap allows developers proficient in Python to get started building and running quantum applications. Through a seamless and secure cloud-based connection, users can easily start solving complex problems of up to 1 million variables and 100,000 constraints.

Using Leap, D-Wave customers have developed quantum hybrid applications for use cases in manufacturing, logistics, financial services, life sciences, materials science, retail and transportation. By eliminating the need to wait hours, days, or even weeks, to get good answers to a broad array of problems, D-Wave is helping businesses accelerate solutions to their complex computing problems.

The Leap quantum cloud service is available directly from D-Wave and also in AWS Marketplace.

D-Wave Launch

D-Wave Launch™ is the company's onboarding platform aimed at helping businesses easily start their quantum journey. Through this program, D-Wave's team of experts and partners aid enterprises in identifying best use cases for quantum and work with them to develop a proof of concept and a production pilot.

From there, the team coordinates with customers to get their hybrid quantum applications up and running, providing ongoing Leap quantum cloud access to ensure the application is operating smoothly and delivering real business value.

Target Verticals

While the potential applications for quantum computing are essentially limitless, D-Wave has identified a number of industry verticals as key areas of focus for its quantum architecture, providing case studies for each. These include:

• Manufacturing – D-Wave worked with Volkswagen to identify a commercial optimization application, the binary paint shop problem, which was run on D-Wave's hybrid solver service. The solver outperformed four purely classical methods on problem sizes at commercial scale (N=3,000).
• Life Sciences – Menten AI makes use of D-Wave quantum computing to assist in the design of novel therapeutic peptides—short strings of amino acids that can act as potent drugs. With the rise of COVID-19, D-Wave's Advantage system made it possible to identify molecules that might be especially well-suited for binding and inhibiting the related spike protein, producing several promising peptide designs.
• Finance – Multiverse Computing, a leader in developing quantum solutions for the financial sector, leveraged D-Wave's hybrid solver service in a collaboration with BBVA, one of the world's largest financial institutions. Multiverse helped BBVA with financial portfolio optimization, using D-Wave's quantum technology to identify a portfolio with 15% risk that yielded a 60% return on investment.
• Logistics – SavantX is using the D-Wave Advantage system to optimize operations at the Port of Los Angeles. By using our quantum technology, SavantX improved cargo handling efficiency at Pier 300 with rubber tyred gantry (RTG) cranes by 60%, and the turnaround time for the trucks picking up those cargo containers by 12%

Market Opportunity

The quantum computing total addressable market is projected by the Boston Consulting Group to grow to between $450 billion and $850 billion over the next 15 to 30 years. For quantum hardware, software and service providers, the near-term TAM (3 to 5 years) is expected to be $400 million to $1 billion, growing to $90 billion to $170 billion over the long-term (15-30 years). Driving factors behind this growth include rising investments in quantum computing tech by governments and an increasing number of commercial use-cases.

Forward-thinking organizations see quantum as an opportunity to move ahead of the competition. From finding efficiencies and reducing waste to decreasing time to solution and solving problems abandoned due to complexity, the business value is real. According to data from Hyperion Research, 80% quantum early adopters are planning to increase their commitment to quantum in the next two to three years, and one-third are planning to invest at least $15M USD in quantum efforts.

D-Wave is strategically positioned – in an industry with significant barriers to entry – as evidenced by a decades-long track record serving a roster of blue-chip customers. The company is singularly focused on helping its customers achieve clear value by leveraging quantum computing in practical business applications. As one of very few quantum companies with a full stack of systems, software, developer tools and services, D-Wave is working to enable enterprises, governments, developers and researchers to access the power of quantum computing, thereby providing an intriguing opportunity for prospective investors.

Prior to listing on the NYSE in August 2022, D-Wave raised over $300 million as a private company with significant investors including PSP Investments, Goldman Sachs, BDC Capital, NEC Corporation, Aegis Group Partners and In-Q-Tel.

Leadership Team

Dr. Alan Baratz has served as the CEO of D-Wave since 2020. Previously, as Executive Vice President of R&D and Chief Product Officer, he drove the development, delivery, and support of all of D-Wave's products, technologies, and applications. Dr. Baratz has over 25 years of experience in product development and bringing new products to market at leading technology companies and software startups. As the first president of JavaSoft at Sun Microsystems, he oversaw the growth and adoption of the Java platform from its infancy to a robust platform supporting mission-critical applications in nearly 80 percent of Fortune 1000 companies. He has also held executive positions at Symphony, Avaya, Cisco, and IBM. Dr. Baratz holds a doctorate in computer science from the Massachusetts Institute of Technology.

John Markovich has served as D-Wave's CFO since 2021. He brings over 25 years of experience serving as CFO for rapidly growing private and public technology companies across all stages of development. Mr. Markovich has directed the finance, accounting, tax, treasury, M&A, legal, operations, customer service, IR, HR, and IT functions for companies ranging from privately held pre-revenue startups to an NYSE-listed Fortune 500 multi-national company with over $1.2 billion in annual revenue. During his career, he has negotiated and closed over 150 debt, equity, M&A, and joint venture transactions exceeding $2.5 billion in value. Mr. Markovich holds a BS in Business from Miami University and an MBA from the Michigan State Graduate School of Business.

GlobalTech Corp. (OTC: GLTK)

GlobalTech Corp. (OTC: GLTK) is a U.S.-based technology holding company specializing in artificial intelligence (AI), big data, and digital infrastructure. Advancing toward a Nasdaq listing, the company balances internal innovation with strategic acquisitions to accelerate growth and long-term value creation.

GlobalTech's diversified portfolio spans AI-powered solutions for enterprise productivity, e-commerce, retail, digital lending, compliance, and other high-growth domains. Flagship platforms include ThrivoAI, Cadnz, Baseball Blitz, Talina, ProtoEd, BillCare, Giftio, and EntityScan. The company also holds a majority stake in WorldCall Telecom Ltd., extending its telecommunications presence in Pakistan and supporting infrastructure-led value creation.

To strengthen market reach, GlobalTech continues to evaluate technology-centric acquisitions while also expanding through strategic regional alliances. Its partnership with significant regional players like Omantel anchors growth in the Middle East, a key gateway market. At the same time, the company's Center of Excellence (CoE) and #GTCTalks knowledge platform position it as a thought leader in emerging technologies.

Supported by a seasoned leadership team and a disciplined execution model, GlobalTech is building sustainable momentum across global AI and big data markets, with the governance, innovation, and agility required to capture outsized opportunities in the digital economy.

MAX Power Mining Corp. (CSE: MAXX) (OTC: MAXXF)

Disseminated on behalf of MAX Power Mining Corp., may include paid advertisements.

MAX Power Mining Corp. (CSE: MAXX) (OTC: MAXXF) is emerging as a front-runner in defining a new global energy category centered around Natural Hydrogen. As one of the first public companies to pursue Natural Hydrogen at scale, MAX Power has rapidly transitioned from early-stage exploration to system confirmation and is now advancing toward commercial evaluation.

At its flagship Lawson Project in Saskatchewan, the company has confirmed a working subsurface Natural Hydrogen system through drilling, including the presence of an associated Helium component. Subsequent 3D seismic work has defined a large structural closure and broader system architecture, shifting the project from a single well outcome to a clearly defined subsurface system with multiple high-priority drill targets.

The significance of this progress was recognized at the 2026 Canadian Hydrogen Convention in Edmonton, where MAX Power was named a runner-up in the Project Category for the Lawson Discovery.

The company is now advancing this system toward commercial evaluation through the engagement of GLJ Ltd., a leading independent energy consulting firm. GLJ's mandate includes reservoir characterization, modeling, and development scenario analysis, forming the foundation for assessing economic potential and a pathway toward potential commercialization.

This progression reflects a broader shift within the global energy landscape. As highlighted by Bill Gates in recent commentary on emerging energy technologies, once a viable Natural Hydrogen system is identified, the ability to locate and develop additional systems may accelerate rapidly as geological understanding improves. MAX Power is positioning itself at the forefront of this inflection point.

Projects

Natural Hydrogen – Saskatchewan

MAX Power controls one of the largest land positions in the Natural Hydrogen sector, with approximately 1.3 million permitted acres.

The company's flagship Genesis Trend spans approximately 475 km and hosts multiple prospective targets, including Lawson, Lawson South, and numerous additional look-alike structures identified through geophysical interpretation.

The Lawson system represents a critical breakthrough, with drilling confirming Natural Hydrogen and Helium, and 3D seismic defining a 14.2 sq. km structural closure within a broader 28 sq. km complex. This provides a strong foundation for evaluating scale, continuity, and potential commercial development.

Follow-up drill programs begin near-term at Lawson and at the Bracken target, 325 km southwest of Lawson. These two areas support the interpretation of basin-scale potential under multiple geological settings.

The proximity of Lawson and the broader Genesis Trend to Saskatchewan's largest industrial corridor, including a proposed Hydrogen Hub, enhances the potential for localized energy supply aligned with growing industrial and infrastructure demand.

MAXX LEMI: AI-Driven Subsurface Intelligence Platform with Global Monetization Potential

MAX Power is further differentiated by its proprietary MAXX LEMI platform, an AI-assisted geological framework that integrates seismic data, drilling results, structural interpretation, and legacy subsurface datasets into a unified predictive model. Designed to enhance targeting precision and improve system understanding, MAXX LEMI strengthens the company's ability to identify high-probability drill locations and evaluate scale and continuity across the Genesis Trend. As the Natural Hydrogen sector evolves, platforms like MAXX LEMI may become critical tools for unlocking discovery at scale, with potential applications across emerging districts globally. This creates a pathway for future monetization through licensing, partnerships, or broader industry adoption.

Notably, MAX Power was selected as a runner-up at the 2026 Canadian Hydrogen Convention in Edmonton in the Digital Innovator category for MAXX LEMI, ranking alongside leading global technology providers and finishing behind Siemens, underscoring the platform's innovation and relevance within the evolving hydrogen sector.

Advancing U.S. Critical Minerals Asset

MAX Power's other key asset is its Wilcox Lithium Project in mining-friendly Cochise County in southeast Arizona, where first-ever diamond drilling in late 2023 and early 2024 confirmed the discovery of near-surface lithium-rich clays over a broad area of the Willcox Playa. MAX Power's property occurs within a nearly 4,000-acre corridor adjacent to U.S. Department of Defense land and benefits from direct access through roads, rail, and power infrastructure. The discovery was made just as lithium entered its final price downturn and is now being actively revisited by the company considering a strengthening lithium market and renewed emphasis on critical mineral development in the United States.

The company is also advancing a proposed "spinout" of its critical minerals portfolio, which is expected to unlock shareholder value and allow for greater strategic focus on the development and commercialization of its Natural Hydrogen platform.

Market Opportunity

The global hydrogen market is entering a period of significant expansion, driven by rising demand for clean, reliable energy across industrial and infrastructure sectors. Today valued at approximately $250 billion and expected to exceed $400 billion by 2030, McKinsey projects hydrogen could reach $2.5 trillion annually by 2050, representing roughly 18 percent of total final energy consumption.

However, current hydrogen production remains constrained by cost and emissions. Conventional hydrogen produced from natural gas typically ranges from $1.50 to $3.00 per kilogram and carries significant carbon emissions. Green hydrogen, produced through electrolysis, can range from $4.00 to $8.00 per kilogram depending on energy inputs and infrastructure, limiting its scalability.

Natural Hydrogen represents a fundamentally different pathway. By sourcing hydrogen directly from subsurface systems, it has the potential to be produced at approximately $1.00 per kilogram or less, offering a compelling combination of lower cost, reduced emissions, and reliable baseload energy. This positions Natural Hydrogen as a potentially disruptive solution within the global energy transition.

Regionally, Saskatchewan is emerging as a strategic hub for hydrogen development. A feasibility study by the Transition Accelerator estimates the Regina–Moose Jaw Industrial Corridor could support a C$708 million annual hydrogen market, with province-wide demand reaching as high as C$2.7 billion per year. Combined with favorable geology and infrastructure, this creates a strong foundation for development.

MAX Power's positioning at the intersection of scale, infrastructure, and emerging demand places it in a unique position to help define this market as it evolves toward commercial reality.

Leadership Team

Ran Narayanasamy, Chief Executive Officer, Vice-Chairman, & Director, brings extensive experience in energy innovation, subsurface technologies, and project development. Prior to joining MAX Power, he served as President and CEO of the Petroleum Technology Research Centre (PTRC), where he led initiatives focused on subsurface energy systems, including hydrogen, carbon capture and storage, and enhanced resource recovery. At PTRC, he worked closely with industry, government, and research partners to advance emerging energy technologies from technical validation toward real-world deployment. His background in integrating geoscience, engineering, and policy positions him to lead MAX Power through its next phase, focused on advancing from system confirmation to commercial evaluation and development of a scalable domestic energy platform.

Tony Van Bergsteden, Chief Financial Officer & Director, is a CPA and CFA with deep experience in large-scale resource operations. He is the former CFO of Orano Canada and former VP of Finance at Federated Co-operatives Ltd. His background includes capital allocation, financial governance, and strategic planning within complex industrial organizations. His experience also provides valuable alignment with Saskatchewan's broader hydrogen ecosystem.

Neil McMillan, Director & Chairman of the Board, is the former Chairman of the Board of Cameco, the world's largest publicly traded uranium company, and has enjoyed a dynamic career spanning several decades in the investment industry, mining and government. Mr. McMillan was on the board of Cameco for 16 years. Notably, he also captained Saskatchewan's only gold mining company to profitability as President and CEO of Claude Resources, setting up the company for a buyout by Silver Standard Resources for $337 million in 2014.

Rob Norris, Director, was twice elected to serve as Member of the Saskatchewan Legislative Assembly for the riding of Saskatoon-Greystone (2007-2016). He served as Premier Brad Wall's Minister of Advanced Education, Employment, Labour and Immigration, as well as Minister responsible for SaskPower and Innovation Saskatchewan. He also served as the Premier's Legislative Secretary for First Nations and Metis Peoples. He currently serves as a senior advisor to EnviroWay, a Saskatchewan-based chemical corporation and associated companies.

Tom Kishchuk, Director & Senior Strategic Advisor for Natural Hydrogen Development, is CEO for the Saskatchewan-based Global Institute for Energy, Mines and Society (GIEMS). He has over three decades of technical and business leadership in national and global organizations focused on the energy sector.

Dr. Phung Khac Hoan, Director, earned his PhD in Petroleum Geology from the Hanoi University of Mining and Geology and is currently General Director of Vietnam-based Big Energy (Bitexco Group) that acquired a significant equity position in MAX Power in late 2025. Big Energy's team has vast experience in the energy sector from deep drilling to commercial production with an increasing focus on clean energy, as well as investment opportunities outside of Vietnam. Dr. Phung's leadership, geological insight and production expertise will be invaluable to MAX Power.

Steve Halabura, Chief Geoscientist, has decades of successful experience in the province's resource sector including a deep understanding of the geological controls on the accumulation of hydrogen, helium, and other industrial gases. He was also instrumental in the early formative stages of the only two Saskatchewan greenfield potash mines to come into existence in the 21st century, these being BHP's Jansen Project and K+S's Bethune mine. Jansen is the largest private investment ($14 billion) in Saskatchewan history and is located northeast of MAX Power's Genesis Trend.

Brent Dunlop, Advisory Board Chairman, is a long-time resident of Saskatoon where he built $700 million in assets under management during a 28-year career in wealth management at RBC. Prior to this, he worked at Inco for 11 years, quickly rising through the ranks to become Senior Geologist in his early 20s. He worked for 11 years at mines in Thompson and Sudbury, including Copper Cliff North and Levack. Following this, Mr. Dunlop spent six years in engineering, research and development as a P.Eng. with Potash Corp. in Saskatchewan.

Nutriband Inc. (NASDAQ: NTRB)

Nutriband Inc. (NASDAQ: NTRB) is engaged in the development of a portfolio of transdermal pharmaceutical products. The company's AVERSA™ technology can be incorporated into any transdermal patch and includes aversive agents to prevent abuse, diversion, misuse and accidental exposure to drugs with abuse potential, specifically opioids.

AVERSA technology has the potential to improve the safety profile of transdermal drugs susceptible to abuse, such as fentanyl, while making sure that these drugs remain accessible to patients who need them. The technology is covered by a broad intellectual property portfolio with patents granted in the United States, Europe, Japan, Korea, Russia, Canada, Mexico, Australia, and China, with recent extensions into Macao.

The company's business model is to apply its transdermal technology to existing FDA-approved drugs with a goal of improving safety, efficacy and patient comfort while qualifying for a limited-development regulatory pathway that reduces the number of clinical trials required for approval of new drugs.

Nutriband has three subsidiaries, including 4P Therapeutics, its clinical and regulatory subsidiary; Pocono Pharmaceutical, a contract manufacturer for a wide range of clients; and Active Intelligence, a developer of sports recovery products. This ownership of manufacturing and clinical development capabilities drastically reduces costs for AVERSA and other technologies.

In April 2024, Nutriband announced that the company had been engaged by and received a first order from Fit For Life Group, a major brand license holder. A fully executed supplier agreement is expected to follow. Nutriband's wholly owned Active Intelligence subsidiary will act as manufacturer.

In February 2025, the company formalized its product development partnership with Kindeva Drug Delivery through a long-term exclusive agreement. The collaboration supports the commercial pathway for AVERSA Fentanyl by leveraging Kindeva's FDA-approved transdermal fentanyl patch system.

The company is headquartered in Orlando, Florida.

Products

Nutriband's lead product candidate is AVERSA Fentanyl, an abuse-deterrent fentanyl transdermal patch. The company announced in March 2024 that it will submit a New Drug Application to the U.S. Food and Drug Administration seeking approval to market AVERSA Fentanyl. In subsequent updates, Nutriband confirmed that the NDA submission remains the company's primary focus and is backed by a strong cash position.

Nutriband has partnered with Kindeva Drug Delivery, a leading global contract development and manufacturing organization, to incorporate Nutriband's AVERSA abuse-deterrent transdermal technology into Kindeva's FDA-approved transdermal fentanyl patch system. Because Nutriband's abuse-deterrent technology is incorporated into the fentanyl patch but is physically separate from and does not come in contact with the drug layer, the clinical trials typically needed to demonstrate safety and efficacy for a new drug formulation would not be required.

In support of this commercialization strategy, Nutriband closed an $8.4 million private placement in April 2024 to fund development activities related to AVERSA Fentanyl. The company also licensed Bitrex®, a widely used aversive agent, to enhance the deterrent profile of its patch formulation.

AVERSA Fentanyl has the potential to be the first and only abuse deterrent patch approved anywhere in the world. The company plans to seek an expedited review by the FDA, as has been granted for certain abuse-deterrent oral opioid products, which shortens the regulatory review period to six months from the conventional 10-month FDA review cycle for NDAs.

Nutriband's AVERSA product development pipeline also includes abuse deterrent versions of currently approved and marketed transdermal patches containing buprenorphine, an opioid used to treat opioid use disorder, and methylphenidate, a central nervous system stimulant used in the treatment of attention deficit hyperactivity disorder (ADHD). Both are labeled with FDA-required warnings for the risk of abuse and misuse, as well as warnings against accidental exposure.

Market Opportunity

Nutriband cites a market analysis report from Boston-based Health Advances, a healthcare and life sciences consulting firm. According to the report, upon FDA approval, AVERSA Fentanyl has the potential to reach peak annual sales of $200 million in the U.S.

The company further states that, should non-abuse-deterrent transdermal fentanyl products lose FDA marketing approval, AVERSA Fentanyl would have greater pricing flexibility and would have the potential to generate more than $500 million in annual revenue.

Management Team

Gareth Sheridan is Co-Founder and CEO of Nutriband. He was Ireland's 'Young Entrepreneur of the Year' in 2014 for establishing Nutriband. He has worked as a Business Mentor with 100 Minds, a social enterprise that brings together some of Ireland's top college students and connects them with a cause to achieve large charitable goals. He received a B.Sc. in Business and Management from Dublin Institute of Technology.

Serguei Melnik is Co-Founder and President of Nutriband. He has been involved in general business consulting for companies in the U.S. financial markets and setting up legal and financial frameworks for operations of foreign companies in the U.S. He previously was the COO of Florida-based Asconi Corporation. He also was a lawyer in the Department of Foreign Affairs, JSC Bank "Inteprinzbanca," in Chisinau, Moldova, and prior to that practiced law in Moldova. He is fluent in four languages.

Jeff Patrick, Pharm.D., is Chief Scientific Officer of Nutriband. He currently serves as Director of the Drug Development Institute at the Ohio State University Comprehensive Cancer Center. His prior roles included Global Vice President at Mallinckrodt Pharmaceuticals Inc.; and roles at Dyax, Myogen/Gilead, Actelion and Sanofi-Synthelabo Inc. He was a clinical pharmacist at the University of Tennessee Medical Center and a clinical assistant professor of pharmacy at the University of Tennessee College of Pharmacy.

Gerald Goodman is CFO of Nutriband. He is a certified public accountant with his own firm, Gerald Goodman CPA. He also practiced with Madsen & Associates, CPAs, and was a partner in the accounting firm of Wiener, Goodman & Company. He is also a director of Lifestyle Medical Network Inc., which provides management services to healthcare providers. He is a graduate of Pennsylvania State University, where he received a bachelor's degree in accounting.

Perpetuals.com Ltd. (NASDAQ: PDC)

Perpetuals.com Ltd. (NASDAQ: PDC) is a publicly traded digital market infrastructure company enabling derivatives trading through a compliant, API-driven platform. Built as infrastructure rather than a balance-sheet exchange, the company provides brokers, institutions, and trading venues with access to crypto and tokenized derivatives while avoiding custody, credit, and counterparty exposure by design.

The platform addresses a structural gap created as demand for leveraged digital asset exposure has outpaced the availability of compliant market infrastructure, particularly in Europe. Regulatory constraints limit how traditional brokers can legally offer crypto leverage, while many existing trading venues operate outside regulated frameworks. Perpetuals is designed to function within these constraints by combining institutional-grade execution, real-time settlement, and structured product capabilities through infrastructure intended for use by regulated market participants.

By operating as an infrastructure-first trading venue and provider, Perpetuals enables market participants to access derivatives through transparent and auditable systems rather than offshore alternatives.

Platform & Infrastructure

Perpetuals operates a hybrid exchange built on proprietary infrastructure designed to support integration with EU Multilateral Trading Facility (MTF)–regulated entities, subject to applicable regulatory approvals. The platform is designed as institutional trading infrastructure, incorporating a high-speed matching engine, real-time settlement, built-in compliance and surveillance, and a hybrid architecture that delivers centralized exchange performance with blockchain-based transparency.

The platform is API-native by design, enabling direct integration with CFD brokers, institutional counterparties, and trading venues. Through turnkey APIs, partners can integrate order routing, execution, structured product issuance, market data, settlement, risk management, and compliance reporting, while the platform is designed to avoid custody of client assets and balance-sheet exposure. This infrastructure-first model allows Perpetuals to function as a technology and infrastructure provider to trading venues rather than acting as a trading counterparty.

On top of this infrastructure, the platform is designed to support crypto spot trading, perpetual futures, futures, options, swaps, and tokenized structured products, including knock-out instruments intended to operate within European regulatory constraints. Perpetuals also incorporates a prediction and insight engine designed to reward accurate market signals while generating datasets used to refine pricing, risk parameters, and trading intelligence across its structured products.

Market Opportunity

Perpetuals operates at the intersection of several large and converging markets, including crypto derivatives, CFD brokerage technology, and tokenized financial products. The global crypto perpetual futures market processes approximately $2.18 trillion in monthly trading volume, while Europe's CFD market generates roughly $17.34 trillion in monthly notional volume from approximately 4.9 million active retail accounts.

European regulatory frameworks restrict CFD brokers from legally offering high-leverage crypto products, creating a significant gap between trader demand and compliant market access. As a result, demand for crypto leverage has outpaced the availability of regulated infrastructure capable of serving brokers and institutional participants. This dynamic has left a large segment of retail and professional trading activity without compliant, onshore solutions.

Perpetuals addresses this gap by enabling knock-out and structured products that allow leveraged crypto exposure without breaching leverage caps. In parallel, the emergence and adoption of tokenized financial instruments and real-world assets have increased demand for compliant, multi-asset trading venues. By providing infrastructure designed for use within MTF-regulated environments and supporting tokenized issuance and trading, Perpetuals enables participation in the ongoing institutional adoption of digital asset markets without reliance on offshore systems.

Leadership Team

Patrick Gruhn is an entrepreneur, lawyer, software engineer, and fintech innovator with more than two decades of experience across technology, law, and financial markets in Europe and the United States. He has founded and scaled multiple technology companies spanning tokenized securities, legal technology, and digital infrastructure, including businesses later acquired by major industry participants. His work focuses on the intersection of blockchain, regulation, and artificial intelligence. Gruhn is also actively involved in academic and institutional initiatives related to digital innovation.

Robin Matzke is a legal and regulatory specialist with deep expertise in digital securities, tokenization, and market structure. He has founded and advised companies operating at the intersection of law and financial technology and has contributed to the development of legal frameworks for digital assets in Europe. His background includes doctoral research on virtual stock structures and extensive academic teaching and publication. Matzke has also served as an advisor on digital securities regulation at the legislative level.

Nayia Ziourti is a regulatory lawyer with more than 15 years of experience in European financial services regulation, compliance strategy, and governance. She has held senior legal and regulatory roles across both public authorities and private financial institutions, including leadership positions within EU-regulated digital asset entities. Her experience includes direct involvement with EU policy development, ESMA initiatives, and MiFID-related regulatory frameworks. Ziourti brings deep institutional knowledge of compliance implementation across complex jurisdictions.

Sean Prescott is a technologist and financial infrastructure architect with over 20 years of experience spanning fintech, cybersecurity, encryption, and decentralized systems. His background includes designing institutional trading infrastructure, secure settlement systems, and large-scale financial platforms across Europe, the Middle East, and North America. He has developed proprietary transaction and custody architectures used by governments, enterprises, and digital asset platforms. Prescott's focus is on building secure, scalable infrastructure for regulated digital finance.

Stephen Stephens is a senior operations and technology executive with extensive experience scaling complex fintech, regtech, and enterprise platforms. His career includes leading global delivery teams, managing multimillion-dollar programs, and transitioning advanced technologies into stable operating environments. He brings expertise in operational execution, platform integration, and enterprise process management across regulated industries. Stephens has overseen large-scale implementations spanning trading systems, ERP platforms, and compliance-driven operations.

Aaron Rudder is a finance and economics professional focused on developing fairer and more efficient capital markets through regulated digital infrastructure. He brings experience across crypto finance, derivatives research, and tokenized market structures, including work within EU-regulated trading environments. Rudder has led research initiatives supporting compliant derivatives issuance and structured digital asset products. His background combines financial modeling, market analysis, and applied research at the intersection of regulation and emerging financial systems.

Safe Pro Group Inc. (NASDAQ: SPAI)

Safe Pro Group Inc. (NASDAQ: SPAI) is a mission-driven technology company delivering advanced AI-powered security and defense solutions. It is focused on serving customers in the defense, homeland security, humanitarian, law enforcement, and commercial markets where its AI, drone-based services and ballistic protective gear can synergistically deliver safety and operational efficiency.

At the heart of Safe Pro's mission is its patented artificial intelligence (AI), machine learning (ML), deep learning and applied computer vision software technology. These tools are currently being used to rapidly detect small objects in drone-based video and imagery such as landmines and unexploded ordnance (UXO), enabling safer and more efficient field operations across global conflict and post-conflict zones and supporting efforts to improve the reliability of critical infrastructure. The company's vision is to lead the evolution of security and threat detection through AI innovation, while its mission is to empower governments, enterprises, and humanitarian organizations with tools to respond to evolving threats at scale.

With a team of leaders and subject matter experts drawn from the defense, technology, and public safety sectors, Safe Pro Group delivers U.S.-developed next-generation AI and drone services through its Safe Pro AI and Airborne Response units and high-performance, American-made ballistic protective solutions through its Safe-Pro USA subsidiary.

The company is headquartered in Aventura, Florida.

Products

Safe Pro Group's three business units operate across software, hardware, and field services to deliver a comprehensive suite of solutions. Each division plays a distinct role in supporting defense, humanitarian and public safety missions around the world.

Safe Pro AI

Safe Pro AI's core AI-powered computer vision technology enables the rapid analysis of drone-based imagery to autonomously detect objects of interest. Its flagship product, SpotlightAI™ can detect and label over 150 types of explosive threats including landmines, cluster munitions, and unexploded ordnance (UXO). Built on more than two years of real-world usage in Ukraine and now including additional imagery being gathered from the Asian-Pacific region and Africa, SpotlightAI™ rapidly processes and creates high-resolution maps supported by the hyper scalability of the Amazon Web Services (AWS) cloud or detects threats in real-time locally on the edge through its OnSite Windows-based software application. Today, the platform boasts one of the world's largest datasets built on over 1.88 million real-world battlefield images from Ukraine, identifying 34,200+ threats across more than 8,119 hectares (over 20,000 acres).

Airborne Response

Airborne Response is a leading provider of mission critical drone services using U.S. Government-compliant small uncrewed aircraft systems (sUAS) (drones). It serves enterprises in utilities & telecom and insurance with a full-range of drone-based critical infrastructure inspection and monitoring solutions as well as Drone-as-a-First Responder (DFR) services for law enforcement and public safety. It provides customers with actionable intelligence though data capture, analytics and processing powered by AI.

Safe-Pro USA

Safe-Pro USA manufactures ultra-premium, American-made ballistic protection systems including advanced body armor and ballistic plates as well as complete Explosive Ordnance Disposal (EOD) suits, demining aprons, and bomb blankets. All products exceed U.S. and NATO standards and are designed, engineered, and produced in the U.S., supporting customers across military, humanitarian, and law enforcement sectors.

Market Opportunity

Harnessing its patented, real-time, AI-powered processing of drone-based imagery, Safe Pro is creating a uniquely powerful 'Next-Gen' approach to situational awareness supporting ground-based personnel in safely completing their defense/military, humanitarian, law enforcement & commercial missions.

The global threat posed by landmines and UXO spans nearly 60 countries, affecting millions of civilians and imposing significant economic burdens, particularly in agriculture and infrastructure. In Ukraine alone, the contamination of 17 million hectares has resulted in $50+ billion in agricultural losses, with World Bank estimates projecting $30 billion needed in demining costs. According to the Landmine Monitor 2024, regions in Asia, Africa, and Latin America continue to report high casualty rates.

Safe Pro is positioned to capture a portion of the $15 billion+ global defense tech market, especially in AI-driven battlefield intelligence, drone surveillance, and threat detection. As a U.S.-based AI and defense technology provider with a HUBZone-certified manufacturing arm, Safe Pro is eligible for federal and state procurement programs, public safety grants, and critical infrastructure contracts, as well as global humanitarian demining efforts.

Leadership Team

Dan Erdberg, Chairman and CEO, brings over 20 years of experience as a C-level technology executive. He has led multiple Nasdaq listings in the drone, 5G, and satellite communications sectors, raised over $50 million in growth capital, and spearheaded Safe Pro Group's corporate strategy and acquisitions.

Theresa Carlise, Chief Financial Officer, has more than 30 years of experience in financial leadership roles for public companies. Her expertise includes equity transactions, strategic planning, and financial restructuring. She served as Chief Financial Officer, Secretary, Treasurer and Director of various publicly traded companies within the retail, telecommunications, distribution, transportation, mortgage banking and construction sectors.

Pravin Borkar, CTO and Director (President, Safe-Pro USA), has over 30 years of experience in the engineering and manufacturing of ballistic protection systems for the U.S. Department of Defense. He has developed armor solutions for personnel and aircraft platforms including the CH-53 and Blackhawk.

Christopher Todd, President (Airborne Response), is a drone industry veteran and Certified Emergency Manager (CEM®) with more than 30 years of experience. He founded Airborne Response and is President of AUVSI Florida, with expertise in public safety drone deployment and emergency response.

SDR Drone, Inc. (OTC: SDCO)

SDR Drone, Inc. (OTC: SDCO) is a drone technology company focused on unmanned aerial systems ("UAS") for defense, public-safety and industrial applications. Through its relationship with South Korea-based SUNDORI Co. Ltd., the Company is advancing a portfolio of drone platforms, flight-control software, avionics and communications technologies designed for mission-critical environments.

SDR Drone's technology platform combines proprietary flight-control systems, integrated avionics, secure communications architecture and operator training programs developed over more than three decades of unmanned aviation experience. The Company serves defense, public-safety, industrial, infrastructure-monitoring and agricultural markets.

The Company's platform is designed around a common technology architecture that supports multiple drone configurations and mission profiles. SDR Drone's portfolio includes rotary-wing systems, vertical takeoff and landing ("VTOL") platforms and agricultural drones, all built on the company's proprietary SDR Multi Flight Control System ("MFS") and SDR-ONE integrated avionics architecture.

Products and Technology

SDR Drone's technology platform integrates flight-control software, avionics, communications systems and operator training capabilities across a family of unmanned aircraft systems.

Tactical Rotary-Wing Platforms

The Company's rotary-wing lineup includes six platforms designed for missions ranging from persistent surveillance and reconnaissance to tactical logistics and emergency response. Key systems include the T-Dori tethered surveillance platform, the H5 multi-mission drone, the M3 long-endurance reconnaissance platform, the M2k tactical ISR drone, the F7P FPV platform and the CG-40Kg heavy-lift cargo drone.

Tactical VTOL Platforms

SDR Drone's VTOL portfolio includes four platforms designed to combine the operational flexibility of vertical takeoff with the range and endurance of fixed-wing aircraft. The lineup includes the VT-100 Aether long-range platform, VT-050 Orbit tactical ISR system, VT-HQ training aircraft and the VT-Tail expendable VTOL platform.

Smart Farming Intelligence Platforms

The Company's agricultural systems include the SQ20, H1 and H-A20kg platforms, which support automated spraying, crop monitoring, yield mapping and precision agriculture applications.

Proprietary Technology Stack

At the core of SDR Drone's platform is its SDR Multi Flight Control System, an AI-enabled flight-control architecture designed to support autonomous operations, swarm coordination, formation flight and collision avoidance. The Company also developed SDR-ONE, an integrated avionics platform that combines flight control, communications and controller functions onto a single circuit board. SDR's technology portfolio further includes FANET (Flying Ad-hoc Network) mesh communications capabilities, encrypted communications architecture and anti-jamming technologies designed for mission-critical operations.

Market Opportunity

Growing adoption of unmanned systems is creating opportunities across defense, public safety, infrastructure monitoring and industrial operations. SDR Drone cites a South Korean defense modernization initiative that redirected approximately KRW 3.3 trillion ($2.14 billion) previously allocated to attack-helicopter programs toward drone procurement and authorized an additional $2.4 billion for drone-related spending.

The Company states that its training platforms account for approximately 70% of the Korean Army training-drone market and are utilized across the Army, Navy, Air Force, Police and Fire Department under government-approved training programs. SDR Drone further reports that more than 10,000 pilots have completed training using its systems and that its platforms have supported more than 500 operational missions.

Beyond defense applications, SDR Drone targets opportunities in critical infrastructure monitoring, emergency response, wildfire surveillance, logistics, industrial inspection and precision agriculture. The Company is also pursuing international expansion opportunities through partnerships, technology-transfer initiatives and procurement programs across multiple markets in Asia and North America.

Leadership Team

Sun-Sik Cho, Founder, Co-Chief Executive Officer and principal architect of SDR Drone's technology platform, has spent more than three decades developing unmanned aviation systems, beginning with commercial unmanned airships in the early 1990s and later leading development of the company's SDR Multi Flight Control System, SDR-ONE avionics platform and broader drone technology portfolio.

Leo Chung, Co-Chief Executive Officer, oversees global business strategy, government relationships, international partnerships and commercialization initiatives. His responsibilities include expansion into defense, public-safety and industrial markets, as well as technology-transfer and procurement programs across multiple international jurisdictions.

Vincent Chung, Chief Operating Officer, brings approximately three decades of experience spanning mergers and acquisitions, corporate development, restructuring, capital markets and business operations. He is responsible for operational execution, strategic development and organizational growth initiatives supporting SDR Drone's commercialization strategy.

SPARC AI Inc. (CSE: SPAI) (OTCQB: SPAIF)

Disseminated on behalf of SPARC AI Inc., may include paid advertisements.

SPARC AI Inc. (CSE: SPAI) (OTCQB: SPAIF) develops next-generation, GPS-free target acquisition system and autonomous navigation software for drones and edge devices. Its zero-signature technology delivers real-time detection, tracking, and behavioral insights without reliance on radar, lidar, or heavy sensors. The company's platform transforms unmanned systems into autonomous tools capable of identifying and engaging targets in GPS-denied environments.

The company's vision is to redefine situational awareness by merging advanced mathematics, AI modeling, and edge computing into a unified intelligence architecture. SPARC AI aims to empower defense, rescue, and commercial organizations to operate safely and effectively in signal-contested environments where traditional navigation systems fail.

Its mission is to build the world's most trusted geolocation intelligence platform that operates without GPS, enabling seamless interoperability across air, land, and sea devices.

SPARC AI is headquartered in Toronto, Canada.

Technology

SPARC AI's technology suite delivers precision target acquisition, navigation, and autonomous intelligence in environments where GPS and traditional sensors fail. At its core is the Target Acquisition System, a software-only solution that determines the geolocation of any visible object using camera telemetry data. By removing the need for specialized hardware like lasers, radar, or lidar, the platform reduces weight, power use, and cost. Built on advanced mathematical modeling, it constructs a 3D understanding of terrain and position, achieving GPS-level accuracy in a zero-signature configuration suited for defense, rescue, and commercial operations.

SPARC AI Mobile extends this capability to handheld and field-issued devices, allowing operators to mark and transmit target coordinates directly from smartphones or rugged tablets. Once a target is identified, the device relays the coordinates to a connected drone, which autonomously navigates to the location for reconnaissance or engagement. The mobile system maintains accuracy even in GPS-jammed or degraded environments, turning each device into a connected node within a broader distributed network.

The company's GPS-Denied Navigation engine enables mission planning and execution without satellite signals. Operators can design flight paths, define perimeters, and simulate routes to identify optimal vantage points and minimize resource use. Counter-surveillance and threat-prediction tools model adversarial visibility, helping users avoid detection and maximize ground coverage. Together, these capabilities form the foundation of SPARC AI's software architecture, providing the intelligence backbone for its integrated command platform.

Overwatch Target Intelligence

Overwatch unifies all SPARC AI technologies, including its Target Acquisition, Mobile, and Navigation systems, into a single mission-ready platform that fuses detection, classification, tracking, and navigation in real time. It transforms drones and robotic systems into fully autonomous intelligence assets by synchronizing data across connected devices. The platform's zero-signature design ensures complete operational security, allowing defense and rescue teams to conduct surveillance, reconnaissance, and engagement without GPS or active sensors.

Within Overwatch, the ATLAS Visibility Intelligence Engine enhances mission planning and reconnaissance through 2D and 3D visualization. Users can simulate line-of-sight coverage from any altitude, identify unseen or occluded areas, and optimize routes for surveillance or search and rescue. Operating entirely through software, ATLAS produces high-fidelity visibility data without mapping drones or additional power consumption, providing a lightweight, silent, and sensor-free alternative to lidar-based systems.

The SPARC AI SDK and open API framework extend Overwatch's interoperability. Developers can embed SPARC AI's intelligence into third-party systems such as PX4- and ArduPilot-powered drones, the world's most widely used open-source flight platforms. The SDK provides REST APIs with bindings for Python, C++, and JavaScript and supports hardware including NVIDIA Jetson, Qualcomm Robotics RB5, and Raspberry Pi. Through these integrations, Overwatch serves as the command and intelligence layer of SPARC AI's ecosystem, linking distributed drones, sensors, and edge devices into a coordinated autonomous network that operates entirely without GPS.

Market Opportunity

SPARC AI operates within the rapidly expanding defense, security, and commercial drone markets projected to exceed $100 billion over the next decade. The company's software-defined approach addresses the global demand for autonomous systems capable of performing in denied, degraded, intermittent, and limited (DDIL) environments, positioning SPARC AI at the forefront of next-generation geolocation and targeting solutions.

Fortune Business Insights projects the global commercial drone market will reach approximately $65.25 billion by 2032, while Grand View Research estimates the combined drone hardware and services market will grow to $163.6 billion by 2030. With its per-device subscription model and integration across drones and robotic systems, SPARC AI is structured to capture recurring revenue from this accelerating adoption of GPS-denied intelligence technologies.

Leadership Team

Anoosh Manzoori, CEO, brings extensive experience as a technology entrepreneur, investor, and director, having founded, scaled, and exited multiple high-tech companies. He has taken five companies public, served on seven public company boards, and invested in innovations spanning cloud, fintech, biotech, IoT, defense, and AI.

Justin Hanka, Director, is an investment banking professional with 25 years of experience in mergers and acquisitions and capital markets. He has held executive roles at high-growth companies including iSelect.com.au and Helpmechoose, achieving multiple successful exits.

Anthony Haberfield, Director, is an international financial services executive with 30 years of experience across the Asia Pacific region, specializing in strategy, transformation, procurement, and emerging technology.

SS Innovations International, Inc. (NASDAQ: SSII)

SS Innovations International, Inc. (NASDAQ: SSII) develops differentiated surgical robotic technologies, highlighted by its advanced, cost-efficient SSi Mantra surgical robotic system. Spearheaded by a team of visionary engineers and Dr. Sudhir Srivastava, an acclaimed robotic cardiac surgeon and the company's founder, Chairman and Chief Executive Officer, the SSi Mantra features differentiated capabilities in areas such as telesurgery, cardiac surgery and pediatric procedures. The SSi Mantra's broad-based surgical robotic applications, modularity, user friendliness, training capabilities, clinical track record and relative cost advantages have contributed to its early commercial success.

SS Innovations is a rapidly growing American company headquartered in India and expanding globally with an eye on democratizing access to cutting-edge surgical robotic technologies. After commencing commercial operations in late 2022, the company's annual revenue has grown from approximately $5.9 million in 2023 to $42.5 million in 2025, corresponding to a compounded annual growth rate of 169%. Nearly 500 employees and more than 90,000 square feet of world-class R&D and manufacturing facilities support the company's growth.

The SSi Mantra has been approved for commercial use in 14 countries, and the company currently is pursuing regulatory approval of the SSi Mantra from the U.S. Food and Drug Administration as well as a European Union CE marking.

SSi Mantra

The SSi Mantra is SS Innovations' proprietary surgical robotic system and serves as the foundation of the company's technology portfolio. As of May 31, 2026, the SSi Mantra global installed base totaled 210 systems. The platform features a modular architecture with three to five robotic arms, an open-faced surgeon command center, a 3D 4K visualization system and integrated imaging capabilities designed to support a wide range of minimally invasive procedures.

The system has been validated for use across numerous surgical specialties, including general surgery, urology, gynecology, colorectal, cardiac, gastrointestinal, head and neck, thoracic and breast and plastic surgery procedures. According to company disclosures, the SSi Mantra has been utilized in more than 11,700 surgeries, including hundreds of cardiac procedures, pediatric procedures and telesurgeries, and has been clinically validated across more than 170 different surgical procedure types.

SS Innovations also developed the SSi MantrAsana tele-surgeon console — a portable, compact chair-based version of the surgeon command center designed to facilitate remote surgery. The company's SSi Mantra platform has been utilized in more than 175 telesurgeries, including complex cardiac telesurgeries and multiple long-distance international procedures. In May 2026, a robot-assisted heart procedure was successfully performed with the SSi Mantra across approximately 12,500 miles (20,000 kilometers) of fiber network distance between Guyana and India, making it the world's longest-distance robotic telesurgery ever conducted. The SSi Mantra's tele-surgical architecture has been specifically designed to maintain procedural precision across high-latency, long-haul network environments.

SSi Mudra

SSi Mudra is the company's portfolio of robotic surgical instruments designed for use with the SSi Mantra platform. The product line includes more than 40 instrument types spanning monopolar and bipolar cautery instruments, clip appliers, needle drivers, graspers and specialty instruments developed for robotic cardiothoracic procedures.

The instrument portfolio supports a broad range of surgical applications and includes tools developed specifically for pediatric and cardiac surgery. SS Innovations positions SSi Mudra as an integral component of its surgical robotics ecosystem, providing procedure-specific instrumentation across multiple specialties.

SS Innovations receives recurring revenue from the sale of robotic surgical instruments. Recurring revenue represented approximately 15% of total revenue in 2025 per company disclosures.

SSi Maya

SSi Maya is a mixed-reality surgical platform developed to support visualization, training and procedural planning. The platform incorporates technologies such as 3D holographic imaging, virtual surgery tools, tele-proctoring capabilities and artificial intelligence-based anatomy segmentation.

SS Innovations designed SSi Maya to support surgeon education and procedural preparation while expanding access to advanced training resources. The platform is intended to complement the company's robotic surgery technologies by providing immersive digital tools for surgical learning and collaboration.

A subsidiary of SS Innovations, the SS International Center for Robotics Surgery (SSICRS), graduated its first class in June 2026 from a specialized cardiac training program designed to provide surgeons, medical residents, anesthesiologists, and other healthcare professionals with theoretical classroom instruction and practical hands-on learning in robotic-assisted surgery. The center's virtual and in-person instruction leverages both the SSi Mantra and SSi Maya. The company aims for SSICRS to become one of the world's premier training institutes for robotic surgery.

Market Opportunity

According to Markets and Markets, the global surgical robotics market was valued at approximately $12.0 billion in 2024 and is projected to grow to approximately $27.1 billion by 2030, representing a compound annual growth rate of 14.7%.

According to estimates cited in the company's investor presentation, less than 1% of surgeries performed globally are currently robotic procedures. The company believes this low level of penetration highlights a substantial opportunity for broader adoption of robotic-assisted surgery as healthcare providers seek minimally invasive treatment options and advanced surgical technologies.

The company further notes that, while approximately 95% of the world's population resides outside the United States, Europe and Japan, only about 5% of installed surgical robotic systems are located in those regions. SS Innovations has positioned its technology portfolio to target healthcare markets that have historically experienced limited access to robotic surgery platforms.

Leadership Team

Dr. Sudhir Srivastava, Founder, Chairman and CEO, is a robotic cardiac surgeon and entrepreneur who founded SS Innovations to advance the accessibility of robotic surgery technologies. He has performed one of the largest volumes of robotic cardiac procedures globally and pioneered several robotic beating-heart TECAB procedures, including multiple world-first operations. In addition to leading SS Innovations, he has trained surgical teams around the world and has been actively involved in the development and advancement of robotic-assisted surgical techniques for decades. As of June 12, 2026, Dr. Srivastava owned approximately 108.6 million SSII shares, or 54.3% of total shares outstanding.

Dr. Frederic Moll, Vice Chairman, is a physician, entrepreneur and medical robotics pioneer widely recognized for his contributions to minimally invasive surgery. He co-founded Intuitive Surgical and helped develop the da Vinci robotic-assisted surgery system. Dr. Moll also founded Hansen Medical and Auris Health and has served on the boards of multiple healthcare technology companies focused on robotics, imaging and cancer treatment technologies. As of June 12, 2026, Dr. Moll owned approximately 20.8 million SSII shares, or 10.4% of total shares outstanding.

Dr. Vishwajyoti Srivastava, Chief Executive Officer – APAC and Board Member, has been involved in robotic surgery technologies since 2008. His work has included the development of robotic surgery training platforms, tele-mentoring initiatives and advanced medical visualization systems. He previously led development of the OMNI 3D Medical Visualization platform and currently oversees activities supporting the continued advancement and expansion of SS Innovations' technology platform.

Barry Cohen, Chief Operating Officer – Americas and Board Member, brings decades of experience in public-company management, medical technology and capital markets. He founded Avra Medical Robotics and has held leadership positions with several public and private companies throughout his career. His background includes more than 50 years managing industrial and technology-focused businesses and extensive experience in securities and corporate operations.

Stewards Inc. (OTC: SWRD)

Stewards Inc. (OTC: SWRD) is redefining the private credit and alternative lending industry through a strategic redevelopment of its operations and offerings. With a focus on leveraging financial technology and a client-centric approach, Stewards empowers small to medium-sized businesses with fast, flexible, and reliable access to capital, bridging the gap left by traditional financial institutions.

As part of its strategy to uplist to Nasdaq, Stewards is enhancing its technology platform, operational scalability, and market positioning to meet higher regulatory standards and attract institutional investors. Headquartered in Fort Lauderdale, Florida, Stewards employs over 120 professionals across five global offices, delivering sustainable growth and value for clients and shareholders alike.

Products and Services

• Proprietary Lending Platform and Mobile App (In Development): Stewards is in the early stages of developing an advanced digital platform designed to enhance client engagement and streamline funding processes. This platform will eventually allow businesses to apply for funding products, track progress, and manage repayment efficiencies. A complementary mobile app is also being planned to provide real-time insights and tailored recommendations, laying the groundwork for an improved borrower experience.
• Fintech-Driven Lending Solutions: Stewards is exploring proprietary and third-party technology tools, including advanced analytics and algorithms, to enhance decision-making speed and reliability in the lending process.
• Flexible Financing Options: Stewards specializes in structuring customized capital solutions tailored to the diverse needs of small business owners, offering scalable and adaptable products that evolve with changing market conditions.

Market Opportunity

The private credit market is experiencing exponential growth as traditional banks reduce their focus on small business lending. According to industry reports, the global private credit market is projected to surpass $1.5 trillion by 2025, driven by increasing demand for alternative financing options.

Stewards is uniquely positioned to capture market share within this booming sector by leveraging fintech innovation to meet the needs of underserved small businesses. With a focus on efficiency, speed, and client satisfaction, Stewards addresses critical gaps in the financial ecosystem while building a platform for long-term growth.

Recent Highlights

• Fintech Innovation: Initial investments in app development and analytics lay the groundwork for future operational efficiency and improved borrower experience.
• Operational Scale: A global footprint with over 120 employees combines the agility of a local lender with the reach of an international financial institution.
• Proven Growth: Stewards' technology-driven approach has enabled consistent expansion, solidifying its reputation as a trusted partner for small businesses.

Leadership Team

Vincent Napolitano is a Founder and CEO of Stewards Inc. With over two decades of experience in finance and business development, Vincent has been instrumental in building Stewards into a trusted partner for businesses seeking innovative financial strategies. Prior to founding Stewards, Vincent spent 25 years on Wall Street, holding key positions at prominent firms and developing expertise in structuring complex financial deals. He also served as Chief Investment Officer for multiple special purpose vehicles (SPVs), acquiring private stock in pre-IPO unicorn companies such as Facebook and Twitter.

Shaun Quin is a Founding Member and President of Stewards Inc., overseeing the company's mission to deliver innovative and efficient private credit solutions to small and medium-sized businesses. With over 20 years of global experience as a partner, investor, and director, Shaun brings a strategic and customer-focused approach to his leadership. His expertise in fostering collaboration, building high-performance cultures, and empowering businesses has positioned Stewards as a trusted leader in private lending.

Vaughan Korte, CFO, brings over 15 years of global financial expertise to his role with Stewards Inc. His track record includes managing financial operations for Adidas across 60 countries with budgets exceeding $500 million. Vaughan's leadership ensures Stewards remains financially resilient, aligning financial strategy with organizational goals and fostering shareholder value.

Glen Steward, Chief Strategy Officer, is a seasoned entrepreneur with over 28 years of experience in the investment and trading industries. He drives Stewards' strategic initiatives, ensuring the company remains competitive and agile in a rapidly evolving market. Glen has held directorships and board memberships across Mauritius, South Africa, and the United States. His strategic acumen has been pivotal in integrating the FAVO Group of Companies into Stewards Inc., fueling growth and market leadership.

Advisory Board

Bilal Adam, Accounting & Financial Counsel, is a financial expert with over 20 years of experience, including roles as CEO of Stewards Investment Capital. His insights into bespoke investment solutions, including fixed income, equity, and digital assets, support Stewards' innovative approach to private credit.

Honorable Earnest Hart, Corporate Governance Counsel, brings decades of legal and governance experience, having served as a New York Supreme Court Judge and COO at Columbia University Medical Center. His guidance ensures Stewards maintains robust corporate governance standards.

Rocco Trotta, Business Leadership and Scalability Counsel, is the co-founder of LiRo-Hill and has decades of experience scaling businesses. His expertise in organizational efficiency and talent development strengthens Stewards' ability to attract excellence across all aspects of the business.

As Stewards redevelops its operations and prepares for an uplisting to Nasdaq, the company is laying the foundation to redefine private credit with emerging fintech solutions and exceptional leadership. Learn more by visiting investors.favocap.com.

Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ)

Disseminated on behalf of Trilogy Metals Inc., may include paid advertisements.

Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) is a North American mineral exploration and development company focused on advancing high-grade copper and critical mineral assets in Alaska. The company operates through Ambler Metals LLC, a 50/50 joint venture with South32 Ltd., and is progressing one of the world's most prospective undeveloped polymetallic districts.

Trilogy is uniquely positioned with exposure to copper, zinc, lead, cobalt, silver, and gold—commodities vital to global electrification and energy transition. Its vision is to responsibly develop the Ambler Mining District into a premier domestic source of critical minerals while delivering long-term value to shareholders and local communities.

The company is guided by values of trust, respect, integrity, and partnership, and works closely with Alaska Native stakeholders to advance its strategy in a sustainable and inclusive manner.

Projects

Arctic Project

The Arctic project is Trilogy's flagship asset and one of the highest-grade known copper deposits in the world, with an average grade of approximately 5% copper equivalent. Located roughly 470 kilometers northwest of Fairbanks, Alaska, Arctic is a volcanogenic massive sulphide (VMS) deposit hosting copper, zinc, lead, gold, and silver. The project is at the feasibility stage and is currently undergoing permitting activities.

According to the 2023 Feasibility Study, Arctic will support a 10,000 tonne-per-day open-pit mining operation over a 13-year mine life. Based on long-term metal prices of $3.65/lb copper, $1.15/lb zinc, $1.00/lb lead, $1,650/oz gold, and $21.00/oz silver, the project demonstrates a pre-tax NPV8% of $1.5 billion and an IRR of 25.8%. After-tax, the NPV8% is $1.1 billion with a 22.8% IRR. At April 2025 spot metal prices, the after-tax NPV8% increases to $1.9 billion with a 31.1% IRR.

The project's metallurgy supports high recoveries: 92.1% for copper, 88.5% for zinc, and 61.3% for lead. Life-of-mine payable production is projected to total 1.9 billion pounds of copper, 2.2 billion pounds of zinc, 335 million pounds of lead, 423,000 ounces of gold, and 36 million ounces of silver. Cash costs are expected to average $0.72 per pound of payable copper, with all-in costs estimated at $1.61 per pound.

Bornite Project

Located approximately 25 kilometers southwest of Arctic, the Bornite project is a large-scale carbonate replacement copper deposit with significant upside. According to the 2025 Preliminary Economic Assessment (PEA), Bornite is expected to support a 6,000 tonne-per-day underground operation over a 17-year mine life, using re-purposed infrastructure from the Arctic Project.

Bornite contains an estimated 6.5 billion pounds of inferred copper. The PEA outlines pre-tax NPV8% of $552.1 million and IRR of 23.6%, with an after-tax NPV8% of $393.9 million and IRR of 20.0%, based on a copper price of $4.20/lb. Total payable copper production over the life of mine is projected at 1.9 billion pounds.

Bornite's mineralization occurs in stacked, stratabound zones rich in chalcopyrite, bornite, and chalcocite. A subset of the South Reef zone offers high-grade underground mining potential, further enhancing Bornite's future optionality.

Exploration Pipeline

The Upper Kobuk Mineral Projects span 471,796 acres and include more than 30 additional mineralized prospects beyond Arctic and Bornite. These lie along two geologically distinct and highly mineralized belts: the Ambler Schist Belt and the Bornite Carbonate Sequence.

The Ambler Schist Belt features multiple VMS-style prospects along its 100-kilometer strike length, including Sunshine, Snow, Nora, Shungnak, and BT. Neighboring deposits like Smucker (Teck) and Sun (Valhalla Metals) affirm the district's regional potential. Ten of Trilogy's VMS prospects have been drill tested with encouraging results.

Meanwhile, the Bornite Carbonate Sequence extends 16 kilometers along the Cosmos Hills and hosts additional targets such as Pardner Hill and Aurora Mountain. These zones show strong signs of copper and cobalt mineralization and were partially tested during the Kennecott era, suggesting significant room for expansion.

Together, these assets form the foundation of a multi-decade development and discovery platform in one of the most prospective undeveloped mining districts in North America.

Market Opportunity

Trilogy Metals is poised to benefit from long-term structural demand for copper and other critical minerals essential to electrification, energy infrastructure, and clean technologies. Copper, in particular, is expected to see major supply shortfalls due to underinvestment and accelerating demand from power grids, EVs, and data centers.

According to a Grand View Research report, the global copper market is projected to grow from $241.88 billion in 2024 to $339.95 billion by 2030, at a CAGR of 6.5%, driven by the energy transition and rising infrastructure investments.

Trilogy's Arctic and Bornite projects are strategically located in Alaska, a top-tier mining jurisdiction with strong permitting frameworks and growing federal and state-level support, including recent executive orders streamlining approvals for the Ambler Access Project. The company also maintains a $50 million shelf prospectus and an active $25 million ATM equity program to fund future development.

Leadership Team

Tony Giardini, President and Chief Executive Officer, leads Trilogy Metals with extensive executive experience in the mining industry. He previously served as President of Ivanhoe Mines Ltd., and as Executive Vice President and Chief Financial Officer at Kinross Gold Corporation. Earlier in his career, he held senior roles at Placer Dome Inc. and KPMG. Mr. Giardini is both a Chartered Professional Accountant and a Certified Public Accountant.

Elaine M. Sanders, Chief Financial Officer and Corporate Secretary, brings over 25 years of financial and accounting experience to Trilogy. She is responsible for the company's financial reporting, compliance, and governance functions. Ms. Sanders has overseen multiple financings and exchange listings throughout her career. She holds a Bachelor of Commerce from the University of Alberta and is both a Chartered Professional Accountant and Certified Public Accountant.

Richard Gosse, Vice President, Exploration, is a veteran geologist with 35 years of global exploration experience. He previously led exploration initiatives at Dundee Precious Metals and Ivanhoe Mines Ltd., where he oversaw the discovery efforts at the renowned Oyu Tolgoi copper-gold project in Mongolia. Mr. Gosse holds a B.Sc. in Geology from Queen's University and an M.Sc. in Mineral Exploration from Imperial College London.

Versus Systems Inc. (NASDAQ: VS)

Versus Systems Inc. (NASDAQ: VS) is a technology company focused on enhancing how audiences interact with content across digital and live environments. The company's platform enables brands, teams, and content creators to integrate interactive elements directly into their experiences, allowing users to participate in games and earn real-world rewards while engaging with media.

By combining gameplay mechanics with promotional functionality, Versus provides a framework for turning passive audiences into active participants. Its patented earned-rewards system is designed to operate across mobile, web, broadcast, and in-venue formats, supporting both audience participation and measurable brand interaction without requiring significant development resources.

Versus has worked with professional sports leagues, major brands, and entertainment partners, with its technology deployed across thousands of events and engaging millions of users globally. The company continues to expand the role of interactive media by embedding participation and rewards into everyday content experiences.

The company is headquartered in Dover, Delaware.

Products

Versus Systems delivers its technology through products designed to integrate interactive engagement and rewards into digital content and live environments.

Winfinite

Winfinite is the company's core platform, offering a library of customizable, web-based games that can be deployed across digital channels or integrated into live events. The platform enables brands and content partners to launch interactive campaigns using pre-built game formats that can be tailored for promotions, sponsorships, and audience engagement.

The game library includes a range of casual formats—such as sports, trivia, arcade, and puzzle-based experiences—designed for broad accessibility and repeat participation. Through Winfinite, users can engage with branded content while earning rewards such as discounts, prizes, or sweepstakes entries, directly linking gameplay to incentivized outcomes.

The platform includes administrative tools that allow partners to customize and deploy campaigns, supported by Versus' prizing infrastructure, which facilitates reward distribution across different regions and use cases.

Filter Fan Cam

Filter Fan Cam is an in-venue engagement product that enables audiences to see themselves on venue screens or broadcasts with real-time visual enhancements. The system applies digital filters and overlays to live camera feeds, creating interactive moments that can be displayed in arenas or incorporated into event coverage.

Using facial tracking and augmented visual effects, Filter Fan Cam supports customized branding, themed activations, and sponsor integrations during live events. The product has been deployed in professional sports venues, including Globe Life Field during Texas Rangers home games, where it is used to enhance fan participation and create additional sponsorship opportunities.

Market Opportunity

According to Fortune Business Insights, the global gamification market was valued at $6.33 billion in 2019 and is projected to reach $37.00 billion by 2027, representing a compound annual growth rate of 24.8%, with further expansion expected to reach $89.75 billion by 2031. North America accounted for 42.97% of the global market share in 2019.

Gamification software integrates game mechanics into business, media, and digital environments to drive engagement across customers, employees, and partners. These systems are used to enhance participation, improve brand interaction, and support training, recruitment, and customer-facing initiatives through interactive and task-based experiences.

The adoption of gamification tools has been shown to improve measurable outcomes, including increased customer engagement and conversion rates.

Leadership Team

Luis Goldner, Chief Executive Officer, brings more than 16 years of executive management experience across the gaming, media, and technology sectors. He previously served as Chief Executive Officer of Intralot do Brazil, where he helped expand the company into one of the country's leading lottery operators, and as Chief Executive Officer of Trust Impressores, a subsidiary of Oberthur Group focused on high-security printing and financial instruments. He has also served as Chief Operating Officer and a member of the board of directors of ICARO Media Group, contributing to the development of AI-powered media technology platforms.

Wrap Technologies, Inc. (NASDAQ: WRAP)

Wrap Technologies, Inc. (NASDAQ: WRAP) is a public safety technology company built around its Non-Lethal Response™ ("NLR") platform. Rather than positioning itself as a single-product device maker, the company describes its 2025—2026 transformation as building an integrated system of tools, training, and policy support — now extending toward a platform that connects advanced sensing, artificial intelligence, command-and-control, and measured response — designed to help law enforcement, corrections, defense, border security, campus safety, and healthcare security personnel manage encounters more safely and reduce reliance on higher levels of force.

The company is headquartered in Miami, Florida, with manufacturing operations based in Southwestern Virginia as part of a made-in-America supply-chain initiative.

Products

BolaWrap® and the Non-Lethal Response™ System

WRAP's flagship product is the BolaWrap® 150, a patented, remote restraint device that deploys a Kevlar tether to help officers gain control of non-compliant individuals from a distance without pain compliance. WRAP describes it as the only remote response-to-resistance tool designed to maintain a safe distance between subject and officer, deployed early in the pre-escalation phase of the force continuum. The company cites adoption by more than 1,000 agencies across the U.S. and in 50+ countries and zero reported fatalities associated with the device. In July 2026, the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) ruled that the BolaWrap® 150 is an instrument of restraint rather than a firearm or "any other weapon" under federal law.

Training and Readiness Solutions

WrapReality® (immersive VR training) and WrapTactics™ (policy-aligned digital training and certification) are the core of WRAP's training ecosystem, reinforced by partnerships with the STORM Training Group and Force Science and by policy work with the Law Enforcement Training and Advisory Council (LETAC). Adoption has continued to broaden beyond traditional law enforcement into healthcare, security, and education markets. In May 2026, WRAP announced a low-light expansion of WrapReality, adding directional-light and nighttime decision-making scenarios.

WrapVision™ and Counter-UAS / Drone Programs

WrapVision™ is WRAP's body-worn camera and cloud-based digital evidence management platform, built with IONODES on a made-in-America assembly roadmap. WRAP's counter-UAS and drone-response capabilities — including the DFR-X system, PAN-DA, the 1KC Kinetic Anti-Drone Cassette, and the MERLIN-Interdictor (also referenced as MERLIN-1) drone-interdiction payload, which applies BolaWrap technology from an aerial platform — target defense, homeland security, and critical-infrastructure customers. WRAP demonstrated a drone-to-human interdiction with partner Mithril Defense in Austin, Texas, and has established a Florida drone-testing and NLR training facility through a partnership with WOFT, LLC to support C-UAS testing and drone-to-human non-lethal deployment work, with interest from military, federal, and civilian customers.

WrapShield™ Platform (launched July 2026)

WrapShield™ is an autonomous defense and public safety platform designed to detect threats earlier, orchestrate an AI-assisted response, and act with proportionate, mission-appropriate force, with human decision-makers designed to remain in control. Its detection layer is anchored by a strategic investment in Frenel Imaging Ltd. and an exclusive U.S. and NATO license to Frenel's TPiCore® thermal-polarimetric imaging, which captures the polarization of thermal radiation at the pixel level to support material discrimination that WRAP believes cannot be spoofed, jammed, or turned off and requires no radio-frequency signal to detect. WrapShield's initial application is counter-UAS, with an architecture intended to expand across critical infrastructure, border security, and other autonomous security missions.

Recent Financial and Commercial Highlights

• FY2025: Revenue grew 15% to $5.2 million, with Q4 2025 revenue up 62% year-over-year; the company has stated a target of approximately 100% revenue growth for 2026.
• Q1 2026: Revenue rose 45% year-over-year to $1.1 million (from $765K), with bookings of $3.2 million ($1.1 million domestic and $2.1 million international) and product sales up 186% year-over-year to roughly $0.9 million. Gross margin declined to 62.2% (from 77.8%) as hardware made up a larger share of the mix, and the company reported a net loss of $4.5 million (versus net income of $0.1 million in the prior-year quarter, which had benefited from a $4.0 million non-cash warrant gain). Cash and cash equivalents rose to $7.3 million, aided by a $5.0 million February 2026 private placement.

Market Opportunity

WRAP operates at the intersection of public safety technology, non-lethal intervention, and training solutions. Fortune Business Insights estimates the global non-lethal weapons market was valued at approximately $1.94 billion in 2025 and projects it will grow to approximately $3.25 billion by 2034, a compound annual growth rate of 5.94%. The firm notes that advancements in artificial intelligence, autonomous systems, and drone technologies are contributing to the evolution of non-lethal response capabilities — areas that align with WRAP's expansion into drone-enabled response, counter-UAS initiatives, and the WrapShield™ platform.

The company also participates in the growing market for software-enabled public safety solutions through its WrapReality, WrapTactics, and WrapVision platforms. MarketsandMarkets projects the global law enforcement software market will increase from approximately $20.25 billion in 2025 to $32.96 billion by 2030, a compound annual growth rate of 10.2%. As agencies continue investing in digital training, evidence management, and technology-driven operational readiness, WRAP is positioned across both hardware and software categories within the broader public safety ecosystem.

Leadership Team

Scot Cohen, Co-Founder, Chairman & Chief Executive Officer, has led all rounds of WRAP financing, exceeding $100 million, since founding the company in 2016; previously he co-founded a hedge fund, Iroquois Capital.

Jared Novick, President & Chief Operating Officer, joined as COO in 2024 and was promoted to President in 2025; he previously served as COO of Sidus Space and founded BitVoyant and CurvedSkies.

The company's Board of Directors was expanded to six members in 2025 with the addition of John D. Shulman, Founder and Managing Partner of Juggernaut Capital Partners, a private equity firm with $1B+ in AUM.