Author: Ravi Shankar

• Two grants, one each for new developments in Idaho and Nevada
• Grants support a targeted appraisal campaign and developing new technology for high-temperature EGS operations

HOUSTON, Sept. 22, 2026 (GLOBE NEWSWIRE) — Fervo Energy (Nasdaq: FRVO), a global pioneer of next-generation geothermal energy, today announced it has received two U.S. Department of Energy awards totaling approximately $20 million to accelerate the development of Enhanced Geothermal Systems (EGS) in Idaho and Nevada and to expand next-generation geothermal across the western United States.

In Idaho, Fervo will use the funding for drilling and completing EGS wells in Elmore County in partnership with multiple national labs. Fervo will also deploy and test new technology for high-temperature EGS operations, extending the reach of enhanced geothermal into hotter, more demanding conditions. This work is expected to unlock advanced geophysical data collection, pushing the limits of high-temperature geophones.

In Nevada, the grant will support a targeted appraisal campaign at a high-priority EGS prospect in Humboldt County to confirm the reservoir is suitable for EGS development. Fervo’s EGS commercial pilot, Project Red, has been generating 3 MW of gross power to the Nevada grid since 2023.

“We are grateful to the Department of Energy for funding these grants. We believe this is a clear indication from the federal government that expanding geothermal energy to new states is a national priority,” said Jack Norbeck, Chief Technology Officer and Co-Founder of Fervo Energy. “We expect this funding to accelerate Fervo’s pipeline and advance the cutting edge of geothermal technologies.” 

For nearly a decade, Fervo has been redefining what geothermal can deliver: clean, baseload power at scale, backed by new performance benchmarks and a fast-growing project pipeline. Fervo previously secured funding from the Department of Energy’s EGS Pilot Demonstrations program to support power production at Cape Station, its flagship development in Milford, Utah. The company has also worked with the Hydrocarbons and Geothermal Energy Office (HGEO) and Advanced Research Projects Agency-Energy (ARPA-E) on other initiatives to improve EGS technology and make geothermal power more widely available and affordable.

“This is an excellent example of how public and private entities can partner together to scale critical energy technologies,” said Tim Latimer, CEO and Co-Founder of Fervo Energy. “With this funding, the Department of Energy is making important investments to help Americans across the country gain access to clean, affordable geothermal energy.”

EGS harnesses heat deep underground, producing electricity around the clock, regardless of weather or time of day. Federal funding has long been a catalyst for breakthrough energy technologies. Funding opportunities ranging from early-stage research and development to deployment such as this opportunity accelerates the scaling for clean, firm power.

About Fervo Energy
Fervo Energy is a modern power company built around one of the market’s most important needs: affordable, dependable new power supply. Through the large-scale deployment of enhanced geothermal systems, Fervo has established a repeatable, industrial approach to building utility-scale power. The company is transforming geothermal into a clean, reliable, cost-competitive solution designed to meet rising demand from AI hyperscalers, utilities, and a more electricity-intensive economy. For more information, visit www.fervoenergy.com.

Forward-Looking Statements 
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, are forward-looking statements. When used in this press release, the words “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “model,” “outlook,” “plan,” “positioned,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions (including the negative of such terms) are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Fervo believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Fervo’s control. Accordingly, forward-looking statements are not guarantees of future performance, and Fervo’s actual outcomes could differ materially from what Fervo has expressed in its forward-looking statements.

Factors that could cause the outcomes to differ materially include (but are not limited to) the following: risks related to expanding our geothermal operations and accessing new markets; challenges in maintaining compliance with extensive environmental regulations and permitting requirements; uncertainties in forecasting future operational results and growth due to economic conditions and market demand; compliance with environmental regulations and climate change initiatives impacting operational costs; inherent risks in the geothermal industry, including potential operational disruptions and associated liabilities; the influence of consumer preferences, government policies, and competition on the demand for geothermal energy; risks associated with fluctuations in energy prices and material costs; dependence on a complex supply chain and successful maintenance of our geothermal infrastructure; financial performance influenced by fluctuations in interest rates, capital availability, and other market conditions; capacity actually constructed or for which we enter power purchase agreements under non-binding agreements, like the Geothermal Framework Agreement; exposure to legal proceedings and claims arising from our business operations; protecting our brand reputation and facing potential negative public perception; negative public perception and political opposition impacting our ability to secure regulatory approvals and market acceptance; the successful and timely execution of our growth strategy, with risks of delays or failures; reliance on key personnel and the potential impact of labor costs and workforce challenges; heavy reliance on technology systems and potential cybersecurity threats; global economic and political conditions affecting our operations, supply chain, and customer demand; the risk that our estimates of capacity potential and heat initially in place are inaccurate or that we are unable to produce quantities of electrical energy commensurate with such estimates; and other risks and uncertainties, including those set forth under “Risk Factors” in Fervo’s Registration Statement on Form S-1/A, filed with the Securities and Exchange Commission (the “SEC”) on May 11, 2026, and Fervo’s other filings with the SEC. 

In light of these factors, the events anticipated by Fervo’s forward-looking statements may not occur at the time anticipated or at all. Moreover, Fervo operates in a very competitive and rapidly changing environment, and new risks emerge from time to time. Fervo cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this press release or, if earlier, as of the date they were made. Fervo does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.

Contact 
V2 Communications for Fervo Energy 
fervo@v2comms.com

• Two grants, one each for new developments in Idaho and Nevada
• Grants support a targeted appraisal campaign and developing new technology for high-temperature EGS operations

HOUSTON, Sept. 22, 2026 (GLOBE NEWSWIRE) — Fervo Energy (Nasdaq: FRVO), a global pioneer of next-generation geothermal energy, today announced it has received two U.S. Department of Energy awards totaling approximately $20 million to accelerate the development of Enhanced Geothermal Systems (EGS) in Idaho and Nevada and to expand next-generation geothermal across the western United States.

In Idaho, Fervo will use the funding for drilling and completing EGS wells in Elmore County in partnership with multiple national labs. Fervo will also deploy and test new technology for high-temperature EGS operations, extending the reach of enhanced geothermal into hotter, more demanding conditions. This work is expected to unlock advanced geophysical data collection, pushing the limits of high-temperature geophones.

In Nevada, the grant will support a targeted appraisal campaign at a high-priority EGS prospect in Humboldt County to confirm the reservoir is suitable for EGS development. Fervo’s EGS commercial pilot, Project Red, has been generating 3 MW of gross power to the Nevada grid since 2023.

“We are grateful to the Department of Energy for funding these grants. We believe this is a clear indication from the federal government that expanding geothermal energy to new states is a national priority,” said Jack Norbeck, Chief Technology Officer and Co-Founder of Fervo Energy. “We expect this funding to accelerate Fervo’s pipeline and advance the cutting edge of geothermal technologies.” 

For nearly a decade, Fervo has been redefining what geothermal can deliver: clean, baseload power at scale, backed by new performance benchmarks and a fast-growing project pipeline. Fervo previously secured funding from the Department of Energy’s EGS Pilot Demonstrations program to support power production at Cape Station, its flagship development in Milford, Utah. The company has also worked with the Hydrocarbons and Geothermal Energy Office (HGEO) and Advanced Research Projects Agency-Energy (ARPA-E) on other initiatives to improve EGS technology and make geothermal power more widely available and affordable.

“This is an excellent example of how public and private entities can partner together to scale critical energy technologies,” said Tim Latimer, CEO and Co-Founder of Fervo Energy. “With this funding, the Department of Energy is making important investments to help Americans across the country gain access to clean, affordable geothermal energy.”

EGS harnesses heat deep underground, producing electricity around the clock, regardless of weather or time of day. Federal funding has long been a catalyst for breakthrough energy technologies. Funding opportunities ranging from early-stage research and development to deployment such as this opportunity accelerates the scaling for clean, firm power.

About Fervo Energy
Fervo Energy is a modern power company built around one of the market’s most important needs: affordable, dependable new power supply. Through the large-scale deployment of enhanced geothermal systems, Fervo has established a repeatable, industrial approach to building utility-scale power. The company is transforming geothermal into a clean, reliable, cost-competitive solution designed to meet rising demand from AI hyperscalers, utilities, and a more electricity-intensive economy. For more information, visit www.fervoenergy.com.

Forward-Looking Statements 
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, are forward-looking statements. When used in this press release, the words “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “model,” “outlook,” “plan,” “positioned,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions (including the negative of such terms) are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Fervo believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Fervo’s control. Accordingly, forward-looking statements are not guarantees of future performance, and Fervo’s actual outcomes could differ materially from what Fervo has expressed in its forward-looking statements.

Factors that could cause the outcomes to differ materially include (but are not limited to) the following: risks related to expanding our geothermal operations and accessing new markets; challenges in maintaining compliance with extensive environmental regulations and permitting requirements; uncertainties in forecasting future operational results and growth due to economic conditions and market demand; compliance with environmental regulations and climate change initiatives impacting operational costs; inherent risks in the geothermal industry, including potential operational disruptions and associated liabilities; the influence of consumer preferences, government policies, and competition on the demand for geothermal energy; risks associated with fluctuations in energy prices and material costs; dependence on a complex supply chain and successful maintenance of our geothermal infrastructure; financial performance influenced by fluctuations in interest rates, capital availability, and other market conditions; capacity actually constructed or for which we enter power purchase agreements under non-binding agreements, like the Geothermal Framework Agreement; exposure to legal proceedings and claims arising from our business operations; protecting our brand reputation and facing potential negative public perception; negative public perception and political opposition impacting our ability to secure regulatory approvals and market acceptance; the successful and timely execution of our growth strategy, with risks of delays or failures; reliance on key personnel and the potential impact of labor costs and workforce challenges; heavy reliance on technology systems and potential cybersecurity threats; global economic and political conditions affecting our operations, supply chain, and customer demand; the risk that our estimates of capacity potential and heat initially in place are inaccurate or that we are unable to produce quantities of electrical energy commensurate with such estimates; and other risks and uncertainties, including those set forth under “Risk Factors” in Fervo’s Registration Statement on Form S-1/A, filed with the Securities and Exchange Commission (the “SEC”) on May 11, 2026, and Fervo’s other filings with the SEC. 

In light of these factors, the events anticipated by Fervo’s forward-looking statements may not occur at the time anticipated or at all. Moreover, Fervo operates in a very competitive and rapidly changing environment, and new risks emerge from time to time. Fervo cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this press release or, if earlier, as of the date they were made. Fervo does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.

Contact 
V2 Communications for Fervo Energy 
fervo@v2comms.com

LONDON, Sept. 22, 2026 (GLOBE NEWSWIRE) — Babcock International Group (Babcock), the defence company, has demonstrated its systems integration expertise by securely transferring scenario data using advanced encryption technology from Arqit Quantum Inc, a global leader in quantum-safe encryption, helping safeguard sensitive information from future cyber threats.

Data was collected at one site in Millbrook at DVD 2026, encrypted by Arqit software and securely transmitted to Babcock’s Ground Deployed Advanced Mortar System (GDAMS), located at another site at the event.

It demonstrated how critical operational information could be exchanged securely in a layered encryption network between a headquarters and a deployed platform in a contested environment, enabling rapid and better-informed decision-making on the battlefield without the use of physical inline encryptors.

The demonstration follows the signing of a Memorandum of Understanding (MoU) between both parties to explore how Babcock’s capabilities in mission systems, systems integration, digital engineering and through-life support can be combined with Arqit’s expertise in cyber security, cryptographic technologies and secure networking.

As a systems integration and secure communications expert, Babcock brings together best-in-class technologies to create secure end-to-end communications networks across a variety of Internet Protocol (IP) bearers, including 4G/5G, Wi-Fi and satcom, alongside legacy tactical and new MANET radios. The resulting network can be integrated across a wide range of crewed and uncrewed land, maritime and air platforms.

The demonstration also showcased the role of Babcock’s GDAMS within a digitally connected battlefield. Based on the proven ST Engineering mortar design, GDAMS combines mobile, network-enabled firepower with digital integration, enabling faster target engagement.

Louise Atkinson, Chief Executive, Babcock’s Land and Mission Systems business, said: “Armed forces need confidence their critical data can be transmitted quickly, reliably and securely, keeping sensitive information protected at all times.

“As technology evolves, so do cyber threats, and the emergence of quantum computing will challenge many of today’s encryption methods. We’ve demonstrated how we can integrate best-in-class technologies to create resilient and secure communications networks that help protect operational data against future quantum-enabled threats.”

Paul Feenan, Arqit General Manager for Government & Defence, added: “Modern operations require assured secure networks capable of working across multiple communication bearers. Arqit’s software-defined encryption, partnered with Babcock’s state of the art Advanced Layered System Architecture, can be deployed across networks from core to edge, enabling customers to keep intelligence and battlefield data secure against current and future threats.”

Notes to Editor:

About Babcock

Babcock is a FTSE 100 international defence company, operating in the UK, Australasia, Canada, France and South Africa with exports to additional markets. We deliver complex support and product solutions to enhance our customers’ defence capabilities and critical assets. We are driven by our purpose: to create a safe and secure world, together.

For further information contact:

Full name: Adrian Hearn
Babcock International Group
Email: Adrian.hearn@babcockinternational.com
Website: babcockinternational.com

About Arqit

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) secures the world’s most critical data with quantum-safe encryption software. Simple, scalable, and compliant, its products integrate with existing infrastructure, and requires no rip and replace of hardware.

Arqit provides a complete “Detect, Protect, Comply” solution for governments and enterprises that detects and inventories cryptographic assets, protects data, ensures compliance, and safeguards transition to the post-quantum era.

Arqit’s primary product offerings are Encryption Intelligence and NetworkSecure™. Encryption Intelligence detects cryptographic exposure, identifies vulnerabilities, and maps dependencies. NetworkSecure™ protects data in transit with provably secure post-quantum cryptography and contributes to establishment of confidential compute environments for complete data sovereignty.

Arqit is an IDC Innovator for Post-Quantum Cryptography (2024) and a multi-award-winner in quantum-safe security. For more information, visit www.arqitgroup.com.

Media relations enquiries:
Arqit: Arqit@brands2life.com

Investor relations enquiries:
Arqit: investorrelations@arqit.uk

Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These forward-looking statements are based on Arqit’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Arqit’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they may affect it. Except as required by law, Arqit does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Arqit’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: (i) the outcome of any legal proceedings that may be instituted against Arqit, (ii) the ability to maintain the listing of Arqit’s securities on a national securities exchange, (iii) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance across competitors and changes in laws and regulations affecting Arqit’s business, (iv) the ability to implement business plans, forecasts, and other expectations, and identify and realise additional opportunities, (v) the potential inability of Arqit to successfully deliver its operational technology, (vi) the risk of interruption or failure of Arqit’s information technology and communications system, (vii) the enforceability of Arqit’s intellectual property, (viii) market and other conditions, and (ix) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Arqit’s annual report on Form 20-F (the “Form 20-F”), filed with the U.S. Securities and Exchange Commission (the “SEC”) on 9 December 2025 and in subsequent filings with the SEC. While the list of factors discussed above and in the Form 20-F and other SEC filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realisation of forward-looking statements.

LONDON, Sept. 22, 2026 (GLOBE NEWSWIRE) — Babcock International Group (Babcock), the defence company, has demonstrated its systems integration expertise by securely transferring scenario data using advanced encryption technology from Arqit Quantum Inc, a global leader in quantum-safe encryption, helping safeguard sensitive information from future cyber threats.

Data was collected at one site in Millbrook at DVD 2026, encrypted by Arqit software and securely transmitted to Babcock’s Ground Deployed Advanced Mortar System (GDAMS), located at another site at the event.

It demonstrated how critical operational information could be exchanged securely in a layered encryption network between a headquarters and a deployed platform in a contested environment, enabling rapid and better-informed decision-making on the battlefield without the use of physical inline encryptors.

The demonstration follows the signing of a Memorandum of Understanding (MoU) between both parties to explore how Babcock’s capabilities in mission systems, systems integration, digital engineering and through-life support can be combined with Arqit’s expertise in cyber security, cryptographic technologies and secure networking.

As a systems integration and secure communications expert, Babcock brings together best-in-class technologies to create secure end-to-end communications networks across a variety of Internet Protocol (IP) bearers, including 4G/5G, Wi-Fi and satcom, alongside legacy tactical and new MANET radios. The resulting network can be integrated across a wide range of crewed and uncrewed land, maritime and air platforms.

The demonstration also showcased the role of Babcock’s GDAMS within a digitally connected battlefield. Based on the proven ST Engineering mortar design, GDAMS combines mobile, network-enabled firepower with digital integration, enabling faster target engagement.

Louise Atkinson, Chief Executive, Babcock’s Land and Mission Systems business, said: “Armed forces need confidence their critical data can be transmitted quickly, reliably and securely, keeping sensitive information protected at all times.

“As technology evolves, so do cyber threats, and the emergence of quantum computing will challenge many of today’s encryption methods. We’ve demonstrated how we can integrate best-in-class technologies to create resilient and secure communications networks that help protect operational data against future quantum-enabled threats.”

Paul Feenan, Arqit General Manager for Government & Defence, added: “Modern operations require assured secure networks capable of working across multiple communication bearers. Arqit’s software-defined encryption, partnered with Babcock’s state of the art Advanced Layered System Architecture, can be deployed across networks from core to edge, enabling customers to keep intelligence and battlefield data secure against current and future threats.”

Notes to Editor:

About Babcock

Babcock is a FTSE 100 international defence company, operating in the UK, Australasia, Canada, France and South Africa with exports to additional markets. We deliver complex support and product solutions to enhance our customers’ defence capabilities and critical assets. We are driven by our purpose: to create a safe and secure world, together.

For further information contact:

Full name: Adrian Hearn
Babcock International Group
Email: Adrian.hearn@babcockinternational.com
Website: babcockinternational.com

About Arqit

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) secures the world’s most critical data with quantum-safe encryption software. Simple, scalable, and compliant, its products integrate with existing infrastructure, and requires no rip and replace of hardware.

Arqit provides a complete “Detect, Protect, Comply” solution for governments and enterprises that detects and inventories cryptographic assets, protects data, ensures compliance, and safeguards transition to the post-quantum era.

Arqit’s primary product offerings are Encryption Intelligence and NetworkSecure™. Encryption Intelligence detects cryptographic exposure, identifies vulnerabilities, and maps dependencies. NetworkSecure™ protects data in transit with provably secure post-quantum cryptography and contributes to establishment of confidential compute environments for complete data sovereignty.

Arqit is an IDC Innovator for Post-Quantum Cryptography (2024) and a multi-award-winner in quantum-safe security. For more information, visit www.arqitgroup.com.

Media relations enquiries:
Arqit: Arqit@brands2life.com

Investor relations enquiries:
Arqit: investorrelations@arqit.uk

Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These forward-looking statements are based on Arqit’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Arqit’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they may affect it. Except as required by law, Arqit does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Arqit’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: (i) the outcome of any legal proceedings that may be instituted against Arqit, (ii) the ability to maintain the listing of Arqit’s securities on a national securities exchange, (iii) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance across competitors and changes in laws and regulations affecting Arqit’s business, (iv) the ability to implement business plans, forecasts, and other expectations, and identify and realise additional opportunities, (v) the potential inability of Arqit to successfully deliver its operational technology, (vi) the risk of interruption or failure of Arqit’s information technology and communications system, (vii) the enforceability of Arqit’s intellectual property, (viii) market and other conditions, and (ix) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Arqit’s annual report on Form 20-F (the “Form 20-F”), filed with the U.S. Securities and Exchange Commission (the “SEC”) on 9 December 2025 and in subsequent filings with the SEC. While the list of factors discussed above and in the Form 20-F and other SEC filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realisation of forward-looking statements.

Ryax platform provides smart scheduling and performance optimization, with planned integration into Nutanix Kubernetes Platform and Nutanix Enterprise AI

News Summary

• Nutanix is announcing its acquisition of Ryax Technologies, an AI-driven compute orchestration and management platform company based in France.
• Nutanix plans to integrate the Ryax platform’s advanced GPU utilization and smart scheduling capabilities into Nutanix Kubernetes Platform and Nutanix Enterprise AI.

SAN JOSE, Calif., Sept. 22, 2026 (GLOBE NEWSWIRE) — Nutanix (NASDAQ: NTNX), a hybrid cloud leader and AI platform company, today announced its acquisition of Ryax Technologies (Ryax), an AI-driven compute orchestration and management platform company based in France. The acquisition will accelerate Nutanix’s strategy to empower enterprises to build, run, and govern agentic AI anywhere by integrating the Ryax platform’s advanced GPU utilization and smart scheduling capabilities directly into Nutanix Kubernetes Platform (NKP) and Nutanix Enterprise AI (NAI). 

The rapid expansion of agentic AI is driving up the demand for efficient inference workloads across the enterprise. However, GPU shortages and fragmented infrastructure have led many organizations to split their compute footprint across private data centers, hyperscalers, and neoclouds to find available capacity. To make these deployments economically viable, enterprises need a unified hybrid cloud operating model that abstracts this complexity, simplifies operations, and maximizes hardware efficiency.

Additionally, enterprises today often struggle to move AI projects from experimentation into production because of the significant infrastructure integration and manual configuration required. The Ryax platform is designed to resolve these challenges by automating the underlying infrastructure, data, hardware, and code to help customers deploy AI projects faster, more cost-effectively, and more reliably.

With the Ryax platform, Nutanix is targeting two critical architectural capabilities for customers: Intelligent Resource Optimization and AI-Aware Smart Scheduling.

Intelligent Resource Optimization: The Ryax platform enables customers to make the most effective use of available computing resources, such as GPUs and CPUs, to improve performance and reduce waste. 

AI-Aware Smart Scheduling: Customers will be able to automatically place AI workloads on cost-effective hardware to help maximize performance and budget.

Together, these capabilities are designed to help customers advance AI initiatives by improving infrastructure efficiency, managing costs, and making better use of available hardware. 

“The Ryax platform was built to give enterprises seamless execution across hybrid infrastructure like private data centers, hyperscalers and neoclouds, handling the backend complexity so teams can deploy, scale and manage AI workflows from day one,” said Andry Razafinjatovo, CEO, Ryax Technologies. “By combining our technology and talented team with Nutanix and its hybrid cloud platform, we will further empower organizations to accelerate their agentic AI initiatives seamlessly, wherever their infrastructure lives.” 

“Agentic AI requires a flexible architecture, simple operations and the ability to use infrastructure far more efficiently,” said Rajiv Ramaswami, CEO of Nutanix. “Our acquisition of Ryax helps to directly answer the challenges enterprises face today with agentic AI infrastructure management. The acquisition marks an exciting milestone in our commitment to simplifying enterprise AI at scale. We are thrilled to welcome the talented Ryax team to Nutanix as we continue to deliver on our promise to help customers safely run AI, applications and data anywhere.”

Nutanix plans to integrate the Ryax platform into future releases of NKP and NAI. The Ryax team will join Nutanix in France and will continue to drive this transformative technology forward. The financial impact of the acquisition is not material to Nutanix. 

For more information, read the blog. 

About Nutanix

Nutanix is a hybrid cloud leader and AI platform company, offering organizations a unified infrastructure software platform to safely run AI, applications and data anywhere. Trusted by customers worldwide, Nutanix empowers over 50% of the Global 2000 to innovate faster with AI, while modernizing infrastructure, simplifying operations, and controlling costs. Learn more at www.nutanix.com or follow us on social media.

©2026 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo and all Nutanix product and service names mentioned are registered trademarks or trademarks of Nutanix, Inc. in the United States and other countries. Kubernetes is a registered trademark of The Linux Foundation in the United States and other countries. All other brand names mentioned are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix.

This press release contains express and implied forward-looking statements, including, but not limited to, statements regarding Nutanix’s acquisition of Ryax Technologies; the anticipated benefits of the acquisition; Nutanix’s plans, objectives and expectations with respect to the integration of Ryax technology and personnel; the development, integration, availability, features, functionality and performance of current and future products and offerings, including Nutanix Kubernetes Platform (NKP) and Nutanix Enterprise AI (NAI); expected customer benefits; Nutanix’s AI strategy; and future market opportunities. These forward-looking statements are not historical facts and are based on Nutanix’s current expectations, estimates, assumptions, opinions, and beliefs. Actual results may differ materially from those expressed or implied by these forward-looking statements as a result of various risks and uncertainties, including, but not limited to: risks associated with successfully integrating Ryax’s technology, operations and personnel; risks that anticipated product integrations, enhancements, capabilities, features, functionality or customer benefits may not be achieved on the anticipated timeline or at all; risks relating to customer adoption and market acceptance; competitive market conditions; rapidly evolving AI technologies; and other risks and uncertainties described in Nutanix’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended July 31, 2025 and subsequent Quarterly Reports on Form 10-Q and other filings. These forward-looking statements speak only as of the date of this press release, and Nutanix undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Certain product integrations, features and functionality described in this press release, including anticipated integrations of Ryax technology into Nutanix Kubernetes Platform and Nutanix Enterprise AI, remain under development and will be offered, if at all, on a when-and-if-available basis. Future product plans, features and functionality are subject to change at Nutanix’s discretion. Any future product or product feature information referenced in this press release is intended to outline Nutanix’s current product direction and plans and is not a commitment, promise, or legal obligation to deliver any particular functionality.

CONTACT: Media Contact:
Jennifer Massaro 
pr@nutanix.com

Ryax platform provides smart scheduling and performance optimization, with planned integration into Nutanix Kubernetes Platform and Nutanix Enterprise AI

News Summary

• Nutanix is announcing its acquisition of Ryax Technologies, an AI-driven compute orchestration and management platform company based in France.
• Nutanix plans to integrate the Ryax platform’s advanced GPU utilization and smart scheduling capabilities into Nutanix Kubernetes Platform and Nutanix Enterprise AI.

SAN JOSE, Calif., Sept. 22, 2026 (GLOBE NEWSWIRE) — Nutanix (NASDAQ: NTNX), a hybrid cloud leader and AI platform company, today announced its acquisition of Ryax Technologies (Ryax), an AI-driven compute orchestration and management platform company based in France. The acquisition will accelerate Nutanix’s strategy to empower enterprises to build, run, and govern agentic AI anywhere by integrating the Ryax platform’s advanced GPU utilization and smart scheduling capabilities directly into Nutanix Kubernetes Platform (NKP) and Nutanix Enterprise AI (NAI). 

The rapid expansion of agentic AI is driving up the demand for efficient inference workloads across the enterprise. However, GPU shortages and fragmented infrastructure have led many organizations to split their compute footprint across private data centers, hyperscalers, and neoclouds to find available capacity. To make these deployments economically viable, enterprises need a unified hybrid cloud operating model that abstracts this complexity, simplifies operations, and maximizes hardware efficiency.

Additionally, enterprises today often struggle to move AI projects from experimentation into production because of the significant infrastructure integration and manual configuration required. The Ryax platform is designed to resolve these challenges by automating the underlying infrastructure, data, hardware, and code to help customers deploy AI projects faster, more cost-effectively, and more reliably.

With the Ryax platform, Nutanix is targeting two critical architectural capabilities for customers: Intelligent Resource Optimization and AI-Aware Smart Scheduling.

Intelligent Resource Optimization: The Ryax platform enables customers to make the most effective use of available computing resources, such as GPUs and CPUs, to improve performance and reduce waste. 

AI-Aware Smart Scheduling: Customers will be able to automatically place AI workloads on cost-effective hardware to help maximize performance and budget.

Together, these capabilities are designed to help customers advance AI initiatives by improving infrastructure efficiency, managing costs, and making better use of available hardware. 

“The Ryax platform was built to give enterprises seamless execution across hybrid infrastructure like private data centers, hyperscalers and neoclouds, handling the backend complexity so teams can deploy, scale and manage AI workflows from day one,” said Andry Razafinjatovo, CEO, Ryax Technologies. “By combining our technology and talented team with Nutanix and its hybrid cloud platform, we will further empower organizations to accelerate their agentic AI initiatives seamlessly, wherever their infrastructure lives.” 

“Agentic AI requires a flexible architecture, simple operations and the ability to use infrastructure far more efficiently,” said Rajiv Ramaswami, CEO of Nutanix. “Our acquisition of Ryax helps to directly answer the challenges enterprises face today with agentic AI infrastructure management. The acquisition marks an exciting milestone in our commitment to simplifying enterprise AI at scale. We are thrilled to welcome the talented Ryax team to Nutanix as we continue to deliver on our promise to help customers safely run AI, applications and data anywhere.”

Nutanix plans to integrate the Ryax platform into future releases of NKP and NAI. The Ryax team will join Nutanix in France and will continue to drive this transformative technology forward. The financial impact of the acquisition is not material to Nutanix. 

For more information, read the blog. 

About Nutanix

Nutanix is a hybrid cloud leader and AI platform company, offering organizations a unified infrastructure software platform to safely run AI, applications and data anywhere. Trusted by customers worldwide, Nutanix empowers over 50% of the Global 2000 to innovate faster with AI, while modernizing infrastructure, simplifying operations, and controlling costs. Learn more at www.nutanix.com or follow us on social media.

©2026 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo and all Nutanix product and service names mentioned are registered trademarks or trademarks of Nutanix, Inc. in the United States and other countries. Kubernetes is a registered trademark of The Linux Foundation in the United States and other countries. All other brand names mentioned are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix.

This press release contains express and implied forward-looking statements, including, but not limited to, statements regarding Nutanix’s acquisition of Ryax Technologies; the anticipated benefits of the acquisition; Nutanix’s plans, objectives and expectations with respect to the integration of Ryax technology and personnel; the development, integration, availability, features, functionality and performance of current and future products and offerings, including Nutanix Kubernetes Platform (NKP) and Nutanix Enterprise AI (NAI); expected customer benefits; Nutanix’s AI strategy; and future market opportunities. These forward-looking statements are not historical facts and are based on Nutanix’s current expectations, estimates, assumptions, opinions, and beliefs. Actual results may differ materially from those expressed or implied by these forward-looking statements as a result of various risks and uncertainties, including, but not limited to: risks associated with successfully integrating Ryax’s technology, operations and personnel; risks that anticipated product integrations, enhancements, capabilities, features, functionality or customer benefits may not be achieved on the anticipated timeline or at all; risks relating to customer adoption and market acceptance; competitive market conditions; rapidly evolving AI technologies; and other risks and uncertainties described in Nutanix’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended July 31, 2025 and subsequent Quarterly Reports on Form 10-Q and other filings. These forward-looking statements speak only as of the date of this press release, and Nutanix undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Certain product integrations, features and functionality described in this press release, including anticipated integrations of Ryax technology into Nutanix Kubernetes Platform and Nutanix Enterprise AI, remain under development and will be offered, if at all, on a when-and-if-available basis. Future product plans, features and functionality are subject to change at Nutanix’s discretion. Any future product or product feature information referenced in this press release is intended to outline Nutanix’s current product direction and plans and is not a commitment, promise, or legal obligation to deliver any particular functionality.

CONTACT: Media Contact:
Jennifer Massaro 
pr@nutanix.com

$3,000 lender credit targets growing self-employed and non-traditional income borrower market as Beeline continues its shift toward higher-margin Non-QM mortgages

PROVIDENCE, R.I., Sept. 22, 2026 (GLOBE NEWSWIRE) — via IBN — Beeline Holdings, Inc. (Nasdaq: BLNE) (“Beeline” or the “Company”), a technology-driven mortgage lender and home equity platform, today announced the launch of its Rate Optimization Program, offering a $3,000 lender credit on qualifying Bank Statement purchase and refinance mortgages of $250,000 or more locked by October 31, 2026.

The initiative is designed to accelerate growth of Beeline’s Bank Statement mortgage business while helping self-employed and non-traditional income borrowers reduce the cost of purchasing or refinancing a home in the current interest-rate environment.

The $3,000 lender credit can be applied toward eligible closing costs, used to buy down the borrower’s interest rate or applied toward future mortgage payments, subject to applicable loan terms and requirements.

In May 2026, Beeline shifted its mortgage strategy toward Non-Qualified Mortgage (“Non-QM”) products, primarily Bank Statement and Debt Service Coverage Ratio (“DSCR”) loans. The shift has contributed to improving loan economics and revenue growth as Beeline increasingly focuses its resources on higher-margin mortgage products.

Beeline reported Q2 2026 revenue of $2.6 million, an increase of 57% year over year, while operating margins improved from the prior quarter. The Company subsequently reported its highest monthly margin to date in July and in August and believes the benefits of its Non-QM product mix are becoming increasingly evident.

Q3 2026 is currently shaping up to be among Beeline’s strongest revenue quarters since inception driven in part by continued growth in its Non-QM mortgage business.

“Bank Statement loans are common-sense mortgages for many self-employed borrowers,” said Jess Kennedy, Chief Operating Officer of Beeline. “Instead of relying primarily on W-2 income, these loans allow us to evaluate a borrower based on the actual flow of deposits reflected in their bank statements. For entrepreneurs, business owners and borrowers with less traditional income streams, that can provide a more practical path to qualifying for a mortgage.”

Non-QM continues to represent a growing segment of the U.S. mortgage market, with DSCR and Bank Statement mortgages representing two of its largest product categories. Beeline believes the continued growth of self-employment, entrepreneurship and non-traditional income creates a significant opportunity to expand awareness and adoption of Bank Statement mortgages.

“Our shift toward Non-QM is producing encouraging results, and Bank Statement loans have become an important part of that growth,” said Nick Liuzza, Co-Founder and CEO of Beeline. We believe there is a significant opportunity to build greater awareness of Bank Statement mortgages among self-employed and gig-economy borrowers, and this program is designed to accelerate that growth while giving qualified borrowers a meaningful financial incentive to transact today.”

Beeline is also directing technology and development resources toward improving the Non-QM mortgage experience. The Company is leveraging technology from its acquisition of MagicBlocks to use artificial intelligence to identify prospective borrowers, improve lead engagement and increase conversion from initial inquiry through closing.

The Rate Optimization Program is available for qualifying Bank Statement purchase and refinance mortgages of at least $250,000 that are locked by October 31, 2026.

About Beeline Holdings, Inc.

Beeline Holdings, Inc. (Nasdaq: BLNE) is a technology-driven mortgage lender and home equity platform focused on simplifying and accelerating the path to home financing through proprietary technology, artificial intelligence and innovative mortgage and home equity products.

Forward-Looking Statements

 This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s efforts to accelerate growth of and a potential opportunity to expand awareness and adoption of Beeline’s Bank Statement mortgage business, improving loan economics and revenue growth by focusing Beeline’s resources on higher-margin mortgage products, expectations that the third quarter of fiscal year 2026 will be one of the Company’s strongest revenue quarters since inception, and potential trends and projections with respect the market for the Company’s offerings and in the residential lending, gig economy and related industries. Forward-looking statements are prefaced by words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “should,” “would,” “intend,” “seem,” “potential,” “appear,” “continue,” “future,” “believe,” “estimate,” “forecast,” “project,” “target,” and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including, without limitation, the possibility that estimates, projections and assumptions on which the forward-looking statements are based prove to be incorrect including our revenue or operating results being less than expected or targeted, central bank interest rates and future interest rate changes, the risks arising from the impact of affordability, inflation, tariffs, the war in the Middle East, and a recession which may result on the Company’s business, prospective customers, and on the national and global economy, our need for additional capital to meet future goals and milestone targets, our ability to attract homeowners to our products and services, our ability to comply with applicable regulatory requirements and new regulations and developments that may arise including the potential for regulatory changes regarding digital assets, artificial intelligence, and other areas that impact and may in the future impact the Company’s business, the possibility that our expectations and perceived benefits with respect to strategic transactions, including our recent acquisition of the remaining outstanding equity interest in MagicBlocks, the ability of us and third parties on which we depend to comply with applicable regulatory requirements, and the risk that software and technology infrastructure on which we depend fails to perform as designed or intended. Additional information regarding these and other risks is contained in Beeline’s filings with the Securities and Exchange Commission, including the Risk Factors contained in the Company’s 2025 Annual Report on Form 10-K and our prospectus supplement dated March 10, 2026. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contacts

Investor Relations

ir@makeabeeline.com

Media Inquiries

press@makeabeeline.com

Corporate Communications:

IBN.Ai
Austin, Texas
www.IBN.Ai
512.354.7000 Office
Editor@IBN.Ai

$3,000 lender credit targets growing self-employed and non-traditional income borrower market as Beeline continues its shift toward higher-margin Non-QM mortgages

PROVIDENCE, R.I., Sept. 22, 2026 (GLOBE NEWSWIRE) — via IBN — Beeline Holdings, Inc. (Nasdaq: BLNE) (“Beeline” or the “Company”), a technology-driven mortgage lender and home equity platform, today announced the launch of its Rate Optimization Program, offering a $3,000 lender credit on qualifying Bank Statement purchase and refinance mortgages of $250,000 or more locked by October 31, 2026.

The initiative is designed to accelerate growth of Beeline’s Bank Statement mortgage business while helping self-employed and non-traditional income borrowers reduce the cost of purchasing or refinancing a home in the current interest-rate environment.

The $3,000 lender credit can be applied toward eligible closing costs, used to buy down the borrower’s interest rate or applied toward future mortgage payments, subject to applicable loan terms and requirements.

In May 2026, Beeline shifted its mortgage strategy toward Non-Qualified Mortgage (“Non-QM”) products, primarily Bank Statement and Debt Service Coverage Ratio (“DSCR”) loans. The shift has contributed to improving loan economics and revenue growth as Beeline increasingly focuses its resources on higher-margin mortgage products.

Beeline reported Q2 2026 revenue of $2.6 million, an increase of 57% year over year, while operating margins improved from the prior quarter. The Company subsequently reported its highest monthly margin to date in July and in August and believes the benefits of its Non-QM product mix are becoming increasingly evident.

Q3 2026 is currently shaping up to be among Beeline’s strongest revenue quarters since inception driven in part by continued growth in its Non-QM mortgage business.

“Bank Statement loans are common-sense mortgages for many self-employed borrowers,” said Jess Kennedy, Chief Operating Officer of Beeline. “Instead of relying primarily on W-2 income, these loans allow us to evaluate a borrower based on the actual flow of deposits reflected in their bank statements. For entrepreneurs, business owners and borrowers with less traditional income streams, that can provide a more practical path to qualifying for a mortgage.”

Non-QM continues to represent a growing segment of the U.S. mortgage market, with DSCR and Bank Statement mortgages representing two of its largest product categories. Beeline believes the continued growth of self-employment, entrepreneurship and non-traditional income creates a significant opportunity to expand awareness and adoption of Bank Statement mortgages.

“Our shift toward Non-QM is producing encouraging results, and Bank Statement loans have become an important part of that growth,” said Nick Liuzza, Co-Founder and CEO of Beeline. We believe there is a significant opportunity to build greater awareness of Bank Statement mortgages among self-employed and gig-economy borrowers, and this program is designed to accelerate that growth while giving qualified borrowers a meaningful financial incentive to transact today.”

Beeline is also directing technology and development resources toward improving the Non-QM mortgage experience. The Company is leveraging technology from its acquisition of MagicBlocks to use artificial intelligence to identify prospective borrowers, improve lead engagement and increase conversion from initial inquiry through closing.

The Rate Optimization Program is available for qualifying Bank Statement purchase and refinance mortgages of at least $250,000 that are locked by October 31, 2026.

About Beeline Holdings, Inc.

Beeline Holdings, Inc. (Nasdaq: BLNE) is a technology-driven mortgage lender and home equity platform focused on simplifying and accelerating the path to home financing through proprietary technology, artificial intelligence and innovative mortgage and home equity products.

Forward-Looking Statements

 This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s efforts to accelerate growth of and a potential opportunity to expand awareness and adoption of Beeline’s Bank Statement mortgage business, improving loan economics and revenue growth by focusing Beeline’s resources on higher-margin mortgage products, expectations that the third quarter of fiscal year 2026 will be one of the Company’s strongest revenue quarters since inception, and potential trends and projections with respect the market for the Company’s offerings and in the residential lending, gig economy and related industries. Forward-looking statements are prefaced by words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “should,” “would,” “intend,” “seem,” “potential,” “appear,” “continue,” “future,” “believe,” “estimate,” “forecast,” “project,” “target,” and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including, without limitation, the possibility that estimates, projections and assumptions on which the forward-looking statements are based prove to be incorrect including our revenue or operating results being less than expected or targeted, central bank interest rates and future interest rate changes, the risks arising from the impact of affordability, inflation, tariffs, the war in the Middle East, and a recession which may result on the Company’s business, prospective customers, and on the national and global economy, our need for additional capital to meet future goals and milestone targets, our ability to attract homeowners to our products and services, our ability to comply with applicable regulatory requirements and new regulations and developments that may arise including the potential for regulatory changes regarding digital assets, artificial intelligence, and other areas that impact and may in the future impact the Company’s business, the possibility that our expectations and perceived benefits with respect to strategic transactions, including our recent acquisition of the remaining outstanding equity interest in MagicBlocks, the ability of us and third parties on which we depend to comply with applicable regulatory requirements, and the risk that software and technology infrastructure on which we depend fails to perform as designed or intended. Additional information regarding these and other risks is contained in Beeline’s filings with the Securities and Exchange Commission, including the Risk Factors contained in the Company’s 2025 Annual Report on Form 10-K and our prospectus supplement dated March 10, 2026. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contacts

Investor Relations

ir@makeabeeline.com

Media Inquiries

press@makeabeeline.com

Corporate Communications:

IBN.Ai
Austin, Texas
www.IBN.Ai
512.354.7000 Office
Editor@IBN.Ai

Supports Optimi’s planned Phase 2 psilocybin trial in major depressive disorder and Phase 3 MDMA trial in PTSD

VANCOUVER, British Columbia, Sept. 22, 2026 (GLOBE NEWSWIRE) — Optimi Health Corp. (NASDAQ: OPTH) (CSE: OPTI) (FSE: 8BN) (“Optimi” or the “Company“), a commercial-stage pharmaceutical manufacturer of regulated psychedelic drug products, today announced the appointment of Michael Blough, Ph.D., as Chief Clinical Development Officer.

Dr. Blough has significant experience leading Health Canada-authorized clinical trials and has worked with Optimi on clinical trial applications since 2022. In this newly created position, he will oversee Optimi’s clinical development strategy and related operations. This includes the Company’s planned Phase 2 clinical trial evaluating naturally derived psilocybin-assisted psychotherapy to treat patients with major depressive disorder and the Phase 3 clinical trial evaluating MDMA-assisted psychotherapy for the treatment of PTSD. Dr. Blough will be responsible for protocol execution, site activation, Health Canada interactions, and the datasets the Company intends to use to support registration of its drug products.

“Michael brings to Optimi a valuable combination of clinical trial expertise in psychedelics, a strong working relationship with Health Canada, and a commitment to scientific rigor at a pivotal moment for our Company. His experience running psychedelic trials in Canada, combined with years of collaborating with our team, positions him well to advance our Phase 2 psilocybin trial in major depressive disorder and our Phase 3 MDMA trial in PTSD,” said Dane Stevens, Optimi Chief Executive Officer and Co-Founder. “With both trials expected to begin enrolling patients next year, this timely appointment strengthens our ability to generate the data to bring these treatments to the underserved patient populations who need them most.”

Dr. Blough is a medical researcher with more than 20 years of experience directing research programs spanning bench science, pre-clinical studies, and clinical trials. His work has included leading the development and Health Canada authorization of multiple clinical trials evaluating psilocybin and MDMA for mental health conditions including post-traumatic stress disorder and treatment-resistant depression. Before moving into psychedelic medicine, he spent 15 years in brain cancer research, publishing over 30 peer-reviewed papers on glioblastoma and the molecular mechanisms of therapeutic response, as well as leading a seven-year national initiative funded by the Terry Fox Research Institute to identify new treatments for the disease.

“Working closely with the Optimi team, I’ve seen firsthand the quality and care they bring to psychedelic drug manufacturing and clinical development. Joining as Chief Clinical Development Officer lets me bring my experience in protocol design, regulatory approval, and trial management to two of the most important studies in our field right now. I look forward to working with Health Canada and our clinical sites to move these trials forward for patients with major depressive disorder and for veterans and front-line workers living with PTSD,” said Dr. Blough.

About Optimi Health Corp.

Optimi Health Corp. is a commercial-stage pharmaceutical company focused on manufacturing and distributing GMP-grade psychedelic drug products for mental health therapies. As a Health Canada-licensed pharmaceutical manufacturer, Optimi produces validated MDMA and botanical psilocybin drug products at its GMP-compliant facilities in British Columbia, Canada. Optimi supplies both active pharmaceutical ingredients and finished dosage forms to regulated clinical and therapeutic programs internationally, with products currently prescribed to patients in Australia under the country’s Authorized Prescriber Scheme and accessible in Canada through the Special Access Program.

For more information, please visit optimi.net.

For more information, please contact:
Dane Stevens, CEO
Optimi Health Corp.
(778) 761-4551
investors@optimihealth.ca
www.optimihealth.ca

Investor Relations Contact:
CORE IR
ir@optimi.net

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws, including statements regarding the proposed clinical trial, the availability and enrolment of patients in the trial, the utilization of the data derived from the trial, and the ability to conduct evaluations as part of the trial, the potential benefits of psilocybin and MDMA, the Company’s ability to manufacture and ship products from its Canadian facility, and the Company’s positioning in the regulated psychedelic medicine market. Forward-looking statements and forward-looking information are often identified by words such as “expects,” “anticipates,” “believes,” “intends,” “plans,” “estimates,” “may,” “will,” “would,” “could,” or similar expressions. Forward-looking statements and forward-looking information are based on several assumptions and are subject to a number of known and unknown risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Accordingly, there are or will be important factors that may cause actual results to differ from expected results. These factors include those described under “Risk Factors” in the Company’s registration statement on Form F-1, as amended, and other filings with the U.S. Securities and Exchange Commission made from time to time which are available at www.sec.gov and on SEDAR+ at www.sedarplus.ca and in the Company’s continuous disclosure filings available under its SEDAR+ profile at www.sedarplus.ca. These forward-looking statements reflect current expectations of management regarding future events and speak only as of the date of this press release. Except as expressly required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Neither the Canadian Securities Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.

Supports Optimi’s planned Phase 2 psilocybin trial in major depressive disorder and Phase 3 MDMA trial in PTSD

VANCOUVER, British Columbia, Sept. 22, 2026 (GLOBE NEWSWIRE) — Optimi Health Corp. (NASDAQ: OPTH) (CSE: OPTI) (FSE: 8BN) (“Optimi” or the “Company“), a commercial-stage pharmaceutical manufacturer of regulated psychedelic drug products, today announced the appointment of Michael Blough, Ph.D., as Chief Clinical Development Officer.

Dr. Blough has significant experience leading Health Canada-authorized clinical trials and has worked with Optimi on clinical trial applications since 2022. In this newly created position, he will oversee Optimi’s clinical development strategy and related operations. This includes the Company’s planned Phase 2 clinical trial evaluating naturally derived psilocybin-assisted psychotherapy to treat patients with major depressive disorder and the Phase 3 clinical trial evaluating MDMA-assisted psychotherapy for the treatment of PTSD. Dr. Blough will be responsible for protocol execution, site activation, Health Canada interactions, and the datasets the Company intends to use to support registration of its drug products.

“Michael brings to Optimi a valuable combination of clinical trial expertise in psychedelics, a strong working relationship with Health Canada, and a commitment to scientific rigor at a pivotal moment for our Company. His experience running psychedelic trials in Canada, combined with years of collaborating with our team, positions him well to advance our Phase 2 psilocybin trial in major depressive disorder and our Phase 3 MDMA trial in PTSD,” said Dane Stevens, Optimi Chief Executive Officer and Co-Founder. “With both trials expected to begin enrolling patients next year, this timely appointment strengthens our ability to generate the data to bring these treatments to the underserved patient populations who need them most.”

Dr. Blough is a medical researcher with more than 20 years of experience directing research programs spanning bench science, pre-clinical studies, and clinical trials. His work has included leading the development and Health Canada authorization of multiple clinical trials evaluating psilocybin and MDMA for mental health conditions including post-traumatic stress disorder and treatment-resistant depression. Before moving into psychedelic medicine, he spent 15 years in brain cancer research, publishing over 30 peer-reviewed papers on glioblastoma and the molecular mechanisms of therapeutic response, as well as leading a seven-year national initiative funded by the Terry Fox Research Institute to identify new treatments for the disease.

“Working closely with the Optimi team, I’ve seen firsthand the quality and care they bring to psychedelic drug manufacturing and clinical development. Joining as Chief Clinical Development Officer lets me bring my experience in protocol design, regulatory approval, and trial management to two of the most important studies in our field right now. I look forward to working with Health Canada and our clinical sites to move these trials forward for patients with major depressive disorder and for veterans and front-line workers living with PTSD,” said Dr. Blough.

About Optimi Health Corp.

Optimi Health Corp. is a commercial-stage pharmaceutical company focused on manufacturing and distributing GMP-grade psychedelic drug products for mental health therapies. As a Health Canada-licensed pharmaceutical manufacturer, Optimi produces validated MDMA and botanical psilocybin drug products at its GMP-compliant facilities in British Columbia, Canada. Optimi supplies both active pharmaceutical ingredients and finished dosage forms to regulated clinical and therapeutic programs internationally, with products currently prescribed to patients in Australia under the country’s Authorized Prescriber Scheme and accessible in Canada through the Special Access Program.

For more information, please visit optimi.net.

For more information, please contact:
Dane Stevens, CEO
Optimi Health Corp.
(778) 761-4551
investors@optimihealth.ca
www.optimihealth.ca

Investor Relations Contact:
CORE IR
ir@optimi.net

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws, including statements regarding the proposed clinical trial, the availability and enrolment of patients in the trial, the utilization of the data derived from the trial, and the ability to conduct evaluations as part of the trial, the potential benefits of psilocybin and MDMA, the Company’s ability to manufacture and ship products from its Canadian facility, and the Company’s positioning in the regulated psychedelic medicine market. Forward-looking statements and forward-looking information are often identified by words such as “expects,” “anticipates,” “believes,” “intends,” “plans,” “estimates,” “may,” “will,” “would,” “could,” or similar expressions. Forward-looking statements and forward-looking information are based on several assumptions and are subject to a number of known and unknown risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Accordingly, there are or will be important factors that may cause actual results to differ from expected results. These factors include those described under “Risk Factors” in the Company’s registration statement on Form F-1, as amended, and other filings with the U.S. Securities and Exchange Commission made from time to time which are available at www.sec.gov and on SEDAR+ at www.sedarplus.ca and in the Company’s continuous disclosure filings available under its SEDAR+ profile at www.sedarplus.ca. These forward-looking statements reflect current expectations of management regarding future events and speak only as of the date of this press release. Except as expressly required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Neither the Canadian Securities Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.