Author: Ravi Shankar

Axis.ONE is designed to add vision, decision-making and learning to existing factory equipment without replacing robots or relying on dedicated GPU clusters or the cloud

NEW YORK and TOKYO, Nov. 12, 2026 (GLOBE NEWSWIRE) — HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or the “Company”), an IPO consulting services company based in Tokyo, today announced its wholly owned subsidiary, HeartCore Financial, has entered into a non-exclusive business development and sales agency agreement in Japan with ONE AI Co., Ltd. (“ONE AI”), a Korean developer of CPU-native, on-device physical AI led by former Intel APAC AI leadership.

The partnership will introduce Axis.ONE, ONE AI’s physical AI platform designed to add an AI “brain” to the robots, cameras and industrial PCs manufacturers already operate. Deployed on standard Intel-architecture industrial PCs and edge devices, Axis.ONE is designed to bring vision, perception, decision-making and continuous learning to existing industrial systems while keeping customer data and models on-site.

Bringing AI to the installed base of industrial robots
More than 4.6 million industrial robots are operating in factories worldwide, according to the International Federation of Robotics. Axis.ONE is designed to help manufacturers upgrade that installed base by adding AI capabilities alongside existing robots, controllers and cameras, rather than requiring wholesale replacement of factory equipment. The platform is designed to work across manufacturers and equipment generations without modifying existing robot control systems. For manufacturers evaluating AI, the commercial proposition is to preserve existing equipment investments, reduce reliance on dedicated GPU infrastructure, keep sensitive production data within the factory and shorten the time needed to adapt models to site-specific tasks.

Axis ONE capabilities for industrial customers*
Retrofit existing equipment: Axis.ONE runs alongside existing robots, PLCs, cameras and industrial PCs. Its open, ROS2-compatible, vendor-agnostic architecture is designed to orchestrate heterogeneous devices.

CPU-native edge AI: Inference runs on Intel CPU, NPU and xPU edge hardware without dedicated GPUs. ONE AI estimates total cost reductions of up to 90% compared with conventional GPU-based deployments.

On-site data and model control: Axis.ONE is designed for 100% on-premise operation, including air-gapped and closed-network environments, without cloud dependency. Potential applications include manufacturing, energy, public infrastructure, defense and healthcare.

Faster learning with Axis.LOOP: Field data is used to retrain models on-site. ONE AI reports per-site learning cycles reduced from approximately 100 days to 10 days and, in some cases, from 30 days to one hour.

Learning from demonstrations with Axis.MIMIC: Vision-language-action models are designed to allow robots to learn new tasks from demonstrations rather than manual reprogramming.

Operations management with Axis.CORE: The platform provides centralized AIOps, model management, over-the-air updates, on-premise LLM services and real-time dashboards across sites.

Modular industrial applications: Vision.ONE supports inspection and monitoring; Safe.ONE addresses industrial safety; Robo.ONE supports robot perception and control; and Assist.ONE provides LLM-based agentic assistance. These applications are deployed as containerized services on a common data bus.

Japan commercialization and revenue model
Under the agreement, HeartCore will introduce ONE AI’s Axis.ONE platform to Japanese manufacturers, system integrators, and industrial operators while coordinating proof-of-concept deployments and pilot programs. The Company will also present demonstrations and technical information of the Axis.ONE platform to prospective customers and partners while spearheading the negotiation of commercial agreements with prospective customers. ONE AI will provide the technical support and demonstration resources for each deployment. Both parties intend to explore future expansion opportunities with manufacturers and industrial partners in the United States.

The agreement has an initial term of three years, with automatic one-year renewals thereafter unless either party provides notice of non-renewal. Under the agreement, the Company will receive a commission based on the net revenue generated by ONE AI from customers referred by the Company. This includes revenue derived from commercial agreements, purchase orders, licenses, subscriptions, proof-of-concept engagements, pilot programs, joint development initiatives, and other business arrangements executed with referred customers. The agreement provides for a tiered commission structure under which the Company will receive commissions equal to 15% of net revenue in the first year, 10% in the second year, and 8% in the third year from business generated through customers referred by the Company.

Management Commentary
“We believe ONE AI’s technology has the potential to transform how manufacturers put AI to work,” said Sumitaka Kanno, Chief Executive Officer of HeartCore. “Industrial robots have been extraordinarily precise for decades, but most still cannot see, adapt, or learn. Axis.ONE is designed to change that for the robots already installed on factory floors, without requiring manufacturers to replace systems they have spent years and significant capital building. We are proud to partner with ONE AI and, through HeartCore Financial, help bring Axis.ONE to manufacturers in Japan, one of the world’s leading robotics markets.”

“Industrial robots should not have to be replaced in order to become intelligent,” said In Chan (Colin) Baek, Chief Executive Officer of ONE AI. “Our team spent more than two decades optimizing AI on Intel silicon, and Axis.ONE is the result: a single architecture that brings real-time AI to the machines factories already own, entirely on premises. Japan is home to many of the world’s most advanced manufacturers, and HeartCore’s local presence and experience as a Nasdaq-listed company make it an ideal partner as we enter the Japanese market.”

*The aforementioned technology descriptions and performance figures above are based on information provided by ONE AI and have not been independently verified by HeartCore. Reported results are not guarantees of performance or savings in a particular customer deployment.

About HeartCore Enterprises Inc
HeartCore is a Tokyo-based IPO consulting services company, guiding Japanese growth companies to achieve successful U.S. exchange listings through its flagship service, Go IPO. HeartCore’s Go IPOSM consulting services provide comprehensive consultation support, including pre-IPO consulting, regulatory guidance, financial preparation, and operational readiness to help businesses navigate the complexities of a successful U.S. listing. HeartCore’s goal is to streamline the entire process for Japanese companies to provide a seamless transition into the U.S. public markets. For more details, visit https://heartcore-enterprises.com/.

About ONE AI Co Ltd
ONE AI Co., Ltd. is a Korean on-device physical AI company founded in January 2026 and led by former Intel APAC AI leadership. Its Axis.ONE platform delivers CPU-native, on-premise AI for robotics, smart factories, industrial safety and healthcare by running on industrial equipment customers already operate. ONE AI is headquartered in Seoul, Republic of Korea.

Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, without limitation, statements regarding the anticipated benefits of the partnership between HeartCore and ONE AI; the capabilities, performance, cost savings, compatibility and market adoption of ONE AI’s technology; the commercialization of Axis.ONE in Japan, the United States or elsewhere; and the Company’s future business plans. Words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “aim,” “designed to,” “potential,” “may,” “will” and similar expressions are intended to identify forward-looking statements. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including, among others: the ability of the parties to successfully implement the partnership; the non-exclusive nature of the agency agreement and HeartCore Financial’s ability to generate customer introductions and commission revenue; whether ONE AI’s technology performs as expected in customer environments and with robots and control systems of different manufacturers; market acceptance of the technology; competition; the ability of ONE AI, an early-stage company, to scale its operations; regulatory, intellectual property and cybersecurity risks; and the other risks described under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and its other filings with the U.S. Securities and Exchange Commission. Performance figures attributed to ONE AI in this press release are based on information provided by ONE AI and have not been independently verified by the Company. Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update them, except as required by law.

HeartCore Investor Relations Contact
Gateway Group, Inc.
John Yi and Steven Shinmachi
HTCR@gateway-grp.com
(949) 574-3860

MACAU, Nov. 12, 2026 (GLOBE NEWSWIRE) — Zenta Group Company Limited (“Zenta Group” or the “Company”) (NASDAQ:ZTG), a Macau-based professional services provider which re-aligned to refocus the Company’s business operations on AI and data solutions, today announced that it has received a written notification (the “Deficiency Letter”) from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated November 11, 2026, indicating that for the last 31 consecutive business days, the closing bid price of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Deficiency Letter has no current effect on the listing or trading of the Company’s Class A Ordinary Shares on Nasdaq.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until May 10, 2027 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price of the Company’s Class A Ordinary Shares is at least US$1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

In the event the Company does not regain compliance by May 10, 2027, subject to the determination by the staff of Nasdaq, the Company may be eligible for additional time.

The Deficiency Letter will have no effect on the Company’s business operations, and the Company will take all reasonable measures to regain compliance.

About Zenta Group Company Limited

Founded in 2019, Zenta Group Company Limited is a diversified consulting and fintech solutions provider based in Macau. The Company provides industrial park consultation, business investment consultation, and fintech product and service through its operating entities in Macau, China. Zenta Group supports clients—primarily from China’s Greater Bay Area—in navigating commercial project approvals, acquiring equity stakes in targeted opportunities, and accessing fintech solutions. With a focus on strategic growth, the Company aims to re-align its business focus on AI and data solutions.

For more information, please visit the Company’s website: https://ir.zenta.mo.

Forward-looking Statements

Certain statements in this announcement are forward-looking statements, including statement that the Company will take all reasonable measures to regain compliance. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations. Investors can identify these forward-looking statements by words or phrases such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “aims,” “will,” “would,” “should,” “could,” “may,” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to review the risk factors and other information in the Company’s filings with the SEC, including its Annual Report on Form 20-F for the fiscal year ended September 30, 2025.

CONTACT: For Investor and Media Inquiries, Please Contact:

Zenta Group
Investor Relations
Email: ir@zenta.mo

VANCOUVER, Washington, Nov. 12, 2026 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTCQB: CYDY) (“CytoDyn” or the “Company”), a clinical-stage oncology company advancing leronlimab, a first-in-class humanized monoclonal antibody targeting the CCR5 receptor with therapeutic potential across multiple indications, including colorectal cancer (CRC) and triple-negative breast cancer (TNBC), today announced that a private investor has made an additional $5 million investment into the Company in support of its clinical development of leronlimab.

The investor, who wishes to remain anonymous at this time, has previously invested in the Company and has a longstanding interest in advancing innovative cancer therapies and improving patient access to promising treatment approaches. The investment was completed at a purchase price of $0.24 per common share, with no accompanying warrants, resulting in total proceeds of $5 million. The proceeds will support further development of the Company’s colorectal cancer program, building on emerging findings from its CLOVER study, while also furthering the exploration of leronlimab in earlier lines of treatment and other oncology indications, including TNBC, pancreatic cancer and glioblastoma.

“We are grateful for this investor’s continued confidence in leronlimab and commitment to supporting the development of new treatment options for patients with cancer,” said Robert E. Hoffman, Chief Executive Officer of CytoDyn. “We believe this investment reflects support for CytoDyn’s recent data, as well as the emerging scientific and clinical evidence supporting leronlimab’s therapeutic potential across multiple solid-tumor indications. The investment comes at an important time as we continue to build on emerging clinical findings and advance the development of leronlimab across multiple solid tumors. This support will help us advance our clinical and translational research efforts as we continue to generate the evidence needed to inform future regulatory pathways.”

About CytoDyn

CytoDyn is a clinical-stage oncology company dedicated to advancing leronlimab, a first-in-class humanized monoclonal antibody that targets the CCR5 receptor, a key regulator of immune function implicated in cancer, infectious diseases, and autoimmune disorders. Guided by a mission to improve patients’ quality of life through therapeutic innovation, CytoDyn is committed to integrity, responsibility, and service as it works to bring transformative treatments to patients worldwide.

For more information, please visit www.cytodyn.com and follow us on LinkedIn.

Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements relating to, among other things, mechanism of action, clinical development programs, clinical trial results, product development, market position, future operating and financial performance, and business strategy. The reader is cautioned not to rely on these statements, which are based on current expectations of future events. For important information about these statements and our Company, including the risks, uncertainties and other factors that could cause actual results to vary materially from the assumptions, expectations and projections expressed in any forward-looking statements, the reader should review our Annual Report on Form 10-K for the fiscal year ended May 31, 2026, including the section captioned “Forward-Looking Statements” and in Item 1A, as well as subsequent reports filed with the Securities and Exchange Commission. CytoDyn Inc. does not undertake to update any forward-looking statement as a result of new information or future events or developments except as required by applicable law.

Corporate Contact

CytoDyn Inc.
ir@cytodyn.com

Media Contacts

David Schull or Ignacio Guerrero-Ros, Ph.D.
Russo Partners, LLC
CytoDyn@russopartnersllc.com

This initial order marks Nightfood Holdings’ entry into semiconductor equipment sales, complementing its ongoing Robotics-as-a-Service deployments. Management is working to secure follow-on orders.

LOS ANGELES, Nov. 12, 2026 (GLOBE NEWSWIRE) — via IBN — Nightfood Holdings, Inc. (OTCQB: NGTFD) (“Nightfood Holdings” or the “Company”), doing business as TechForce Robotics, today announced that its semiconductor manufacturing automation subsidiary, TechForce Advanced Manufacturing, Inc. (“TAMI”), expects to commence its initial Wafer Automated Optical Inspection (“AOI”) equipment shipments during the coming week, marking a significant milestone in the Company’s expansion into the semiconductor manufacturing and artificial intelligence infrastructure markets. The anticipated initial shipment represents the beginning of TAMI’s commercial fulfillment initiative following Nightfood’s October 2026 acquisition of specified Wafer AOI technology and related intellectual property from Taiwan-based Jun Long Machine Industrial Co., Ltd. (“Jun Long”).

Under the initial shipment program, management is targeting fulfillment of approximately 80 Wafer AOI equipment units associated with an existing customer order program, with completion anticipated by the end of the first calendar quarter of 2027 (the Company’s fiscal third quarter). Based on an estimated equipment value exceeding NT$3.5 million per unit, the remaining units represent a potential revenue opportunity exceeding NT$280 million (approximately US$9 million), subject to accepted purchase orders, successful fulfillment, and applicable revenue recognition requirements.

Expanding Manufacturing Capacity in Taiwan to Support Future Growth
To support near-term production and fulfillment, TAMI intends to leverage established contract manufacturing capabilities and operational infrastructure in Taiwan. Concurrently, TAMI is actively establishing a wholly owned Taiwan subsidiary and an approximate 20,000-square-foot manufacturing facility to support Wafer AOI equipment production, assembly, testing, and supply chain operations, with the objective of progressively transitioning production in-house. Management expects the subsidiary to be formed and the facility ready for initial occupancy within 30 days, subject to regulatory approvals and operational requirements.

The new facility is intended to strengthen TAMI’s manufacturing capabilities and operational control, support fulfillment of its remaining equipment backlog, and provide scalable production capacity for anticipated future demand. Meanwhile, management continues to pursue additional purchase commitments and secure critical component allocations to capitalize on growing demand for advanced semiconductor packaging and AI infrastructure. The timing and volume of future orders remain subject to customer commitments and manufacturing readiness.

Capitalizing on AI Infrastructure Expansion and Advanced Semiconductor Packaging Demand
The continued expansion of artificial intelligence, high-performance computing, and hyperscale data center infrastructure is driving significant investment in advanced semiconductor manufacturing and packaging technologies. As next-generation AI accelerators, GPUs, and high-performance computing systems become increasingly sophisticated, advanced packaging architectures such as Chip-on-Wafer-on-Substrate (“CoWoS”), heterogeneous integration, and chiplet-based designs are playing an increasingly important role in semiconductor performance and manufacturing efficiency. These developments are creating opportunities for precision inspection, automated quality control, and advanced manufacturing equipment designed to support higher production volumes, greater process consistency, and increasingly complex semiconductor packaging requirements.

TAMI’s Wafer AOI technology is designed to support inspection and quality assurance processes associated with advanced semiconductor packaging applications. Management believes the combination of expanding AI infrastructure investment, increasing semiconductor manufacturing complexity, and the need for scalable inspection technologies creates a favorable long-term environment for specialized semiconductor equipment providers. By entering this market, the Company seeks to extend its existing robotics and automation capabilities into applications supporting the infrastructure behind next-generation artificial intelligence and high-performance computing.

Management Commentary
“The anticipated first shipment of our Wafer AOI equipment represents a significant milestone in Nightfood’s evolution into a diversified AI-enhanced robotics and automation company,” said Jimmy Chan, Chief Executive Officer of Nightfood Holdings. “Our semiconductor manufacturing automation business, through TAMI, introduces a new revenue stream with the potential to support meaningful growth and scale more rapidly than our RaaS model alone. As we convert existing pipeline opportunities into additional purchase commitments and continue to expand our RaaS deployments, we believe these complementary business lines position Nightfood with a robust commercial platform capable of serving multiple high-growth end markets and driving long-term value creation at scale.”

*The aforementioned revenue estimate reflects management’s current expectations and does not represent revenue already recognized or a guaranteed contractual backlog of TAMI purchase orders; actual revenue recognition will depend on the issuance and acceptance by TAMI of qualifying purchase orders, successful manufacturing and delivery, applicable customer acceptance requirements, transfer of control, and U.S. generally accepted accounting principles.

About Nightfood Holdings, Inc. (d/b/a TechForce Robotics)
Nightfood Holdings, Inc., doing business as TechForce Robotics, is an advanced robotics and automation company focused on delivering intelligent, scalable solutions for industrial and commercial applications. The Company integrates robotics, artificial intelligence and software-driven systems to optimize operations, improve efficiency and enable next-generation automation.

TechForce Robotics partners with organizations to design and deploy customized robotic solutions that address evolving operational requirements.

Learn more: www.techforcerobotics.com

About TechForce Advanced Manufacturing
TechForce Advanced Manufacturing, Inc, a wholly owned subsidiary of Nightfood Holdings, Inc.. is a Nevada corporation formed to develop, manufacture, commercialize, install and support semiconductor automation and inspection systems. Its initial focus is expanding Wafer Sorter and AOI production for wafer-based semiconductor and CoWoS-related advanced-packaging applications, while pursuing future applications supporting emerging Chip-on-Panel-on-Substrate (“CoPoS”) manufacturing processes.

Forward-Looking Statements

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect,” “will” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties, and actual results may differ materially. The Company 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. Investors are encouraged to review the Company’s filings with the Securities and Exchange Commission for additional information.

Readers should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Investor Relations, Media Relations and Corporate Communications
Investor Relations
ir@nightfoodholdings.com

Media Relations
media@nightfoodholdings.com

Corporate Communications:
IBN.Ai
Austin, Texas
www.IBN.Ai
512.354.7000 Office
Editor@IBN.Ai

TROY, Mich., Nov. 12, 2026 (GLOBE NEWSWIRE) — Presurance Holdings, Inc. (Nasdaq: PRHI) (“Presurance” or the “Company”) today reported financial results for the third quarter and nine months ended September 30, 2026.

Third Quarter & YTD 2026 Financial Highlights

• Personal Lines Business Continues to Generate Profitable Underwriting Results
  • Combined ratio for Q3 2026 improved to 82.7% from 95.2% in the prior year period.
  • YTD 2026 combined ratio of 91.0%; a significant improvement from 119.3% for the first nine months of 2025.
• Improved YTD Overall Underwriting Performance
  • Overall underwriting combined ratio improved to 97.1% for the nine months ending September 30, 2026, compared to 133.7% in the prior-year period.
• Book value is now $6.45 per share as of September 30, 2026.

Management Comments

“During the third quarter, we continued to execute our overall strategic priorities while addressing the remaining obligations associated with our legacy portfolio,” said Brian Roney, Chief Executive Officer of Presurance Holdings, Inc. “We are pleased to report lessening legacy impacts, as our ongoing core Personal Lines business continues to perform profitably.”

2026 Third Quarter Financial Results Overview

	At and for the Three Months Ended September 30,											At and for the Nine Months Ended September 30,
		2026				2025			% Change				2026				2025			% Change
	(dollars in thousands, except share and per share amounts)
Gross written premiums	$	6,173			$	14,642			-57.8	%		$	30,712			$	51,894			-40.8	%
Net written premiums		4,235				5,427			-22.0	%			26,962				17,650			52.8	%
Net earned premiums		8,437				6,821			23.7	%			21,170				26,700			-20.7	%
Net investment income		1,128				1,301			-13.3	%			3,278				3,888			-15.7	%
Net realized investment gains (losses)		(39	)			4			**				(140	)			(21	)		**
Change in fair value of equity investments		–				13			**				111				(244	)		**
Net income (loss)		(1,622	)			(3,970	)		59.1	%			3,536				(1,397	)		**
Earnings (loss) per common share, basic and diluted	$	(0.43	)		$	(2.27	)		81.0	%		$	1.06			$	(0.80	)		**
Adjusted operating income (loss)*		(1,583	)			(2,706	)		41.5	%			(1,199	)			(8,460	)		85.8	%
Adjusted operating income (loss) per share, diluted*	$	(0.42	)		$	(1.55	)		72.9	%		$	(0.36	)		$	(4.85	)		92.6	%
Book value per common share outstanding	$	6.45			$	14.49						$	6.45			$	14.49
Weighted average shares outstanding, basic and diluted		3,746,092				1,746,125							3,321,202				1,746,125
Underwriting ratios:
Loss ratio (1)		68.4	%			93.7	%						50.9	%			83.2	%
Expense ratio (2)		44.8	%			47.5	%						46.2	%			50.5	%
Combined ratio (3)		113.2	%			141.2	%						97.1	%			133.7	%
* The “Definitions of Non-GAAP Measures” section of this release defines and reconciles data that are not based on generally accepted accounting principles.
** Percentage is not meaningful
(1) The loss ratio is the ratio, expressed as a percentage, of net losses and loss adjustment expenses to net earned premiums.
(2) The expense ratio is the ratio, expressed as a percentage, of policy acquisition costs and segment operating expenses to net earned premiums.
(3) The combined ratio is the sum of the loss ratio and the expense ratio. A combined ratio under 100% indicates an underwriting profit. A combined ratio over 100% indicates an underwriting loss.

2026 Third Quarter Gross Written Premium

Gross written premiums decreased 57.8% to $6.2 million in the third quarter of 2026, compared to $14.6 million in the third quarter of 2025. For the nine months ending September 30, 2026, gross written premiums decreased 40.8% to $30.7 million, compared to $51.9 million in the prior-year period.

The reduction in premium volume reflects the Company’s continued emphasis on underwriting discipline, and selective risk acceptance in potentially softening market conditions. The Company remains focused on its personal lines homeowners business while continuing to manage its legacy Commercial Lines portfolio in runoff.

Certain reserve strengthening in the third quarter of 2026 was largely due to development experienced solely in the legacy run-off book of business.

Personal Lines Financial and Operational Review

Personal Lines Financial Review
	Three Months Ended September 30,											Nine Months Ended September 30,
		2026				2025			% Change				2026				2025			% Change
	(dollars in thousands)
Gross written premiums	$	6,181			$	11,159			-44.6	%		$	30,741			$	43,174			-28.8	%
Net written premiums		4,257				4,932			-13.7	%			26,980				19,191			40.6	%
Net earned premiums		8,444				6,050			39.6	%			20,939				24,130			-13.2	%
Underwriting ratios:
Loss ratio		46.9	%			51.9	%						55.4	%			68.2	%
Expense ratio		35.8	%			43.3	%						35.6	%			51.1	%
Combined ratio		82.7	%			95.2	%						91.0	%			119.3	%
Contribution to combined ratio from net
(favorable) adverse prior year development		-8.7	%			4.4	%						-1.5	%			6.0	%
Accident year combined ratio (1)		91.4	%			90.8	%						92.5	%			113.3	%
(1) The accident year combined ratio is the sum of the loss ratio and the expense ratio, less changes in net ultimate loss estimates from prior accident year loss reserves. The accident year combined ratio provides management with an assessment of the specific policy year’s profitability and assists management in their evaluation of product pricing levels and quality of business written.

Personal Lines gross written premiums decreased 44.6% to $6.2 million in the third quarter of 2026, compared to $11.2 million in the third quarter of 2025. For the nine months ended September 30, 2026, Personal Lines gross written premiums decreased 28.8% to $30.7 million, compared to $43.2 million in the prior-year period.

Following the decision to non-renew its Midwest homeowners business, the Company’s Personal Lines portfolio now consists exclusively of Texas homeowners policies going forward.

This transition further focuses the Company’s geographic and underwriting footprint and reinforces its commitment to a dedicated operating model centered on disciplined risk selection and overall profitability.

Commercial Lines Financial and Operational Review

Commercial Lines Financial Review
	Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
	(dollars in thousands)
Gross written premiums	$	(8	)		$	3,483			$	(29	)		$	8,720
Net written premiums		(22	)			495				(18	)			(1,541	)
Net earned premiums		(7	)			771				231				2,570
Underwriting ratios:
Loss ratio	*					420.4	%		*					224.1	%
Expense ratio	*					80.4	%		*					44.8	%
Combined ratio	*					500.8	%		*					268.9	%
Contribution to combined ratio from net
(favorable) adverse prior year development	*					335.7	%		*					81.5	%
Accident year combined ratio	*					165.1	%		*					187.4	%
* Percentage not meaningful

The Company’s Commercial Lines portfolio remains in runoff, with no ongoing new business production. Reserve strengthening during the third quarter of 2026 was largely attributable to adverse development largely within the Company’s discontinued Security Guard book of business.

Performance within this portfolio further underscores the importance of maintaining a disciplined approach to legacy exposures and active claims management of discontinued business. The Company remains focused on prudent reserve management, and reducing / mitigating the impact of historical Commercial Lines exposures on future financial results.

Combined Ratio Analysis

	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
Underwriting ratios:
Loss ratio	68.4	%		93.7	%		50.9	%		83.2	%
Expense ratio	44.8	%		47.5	%		46.2	%		50.5	%
Combined ratio	113.2	%		141.2	%		97.1	%		133.7	%
Contribution to combined ratio from net (favorable)
adverse prior year development	12.7	%		41.9	%		-5.7	%		13.3	%
Accident year combined ratio	100.5	%		99.3	%		102.8	%		120.4	%

The Company’s underwriting combined ratio was 113.2% for the third quarter of 2026, compared to 141.2% for the same period in 2025, largely impacted by select reserve strengthening in the quarter.

For the nine months ended September 30, 2026, the Company’s overall underwriting combined ratio improved significantly to 97.1%, compared to 133.7% in the prior-year period. This reflects continued progress in the Company’s ongoing underwriting operations, partially offset by reserve strengthening associated with its discontinued Commercial Lines portfolio.

The year-to-date improvement reflects the continued benefit of the Company’s refined underwriting strategy and more focused Personal Lines portfolio.

Net Investment Income

Net investment income was $1.1 million for the quarter ending September 30, 2026, compared to $1.3 million in the prior year period.

Change in Fair Value of Equity Securities

During the quarter, the Company reported no change in the fair value of its equity securities, compared to a gain of $13,000 in the prior year period.

Net Income (Loss) allocable to common shareholders

The Company reported a net loss allocable to common shareholders of $1.6 million, or $0.43 per share, for the third quarter of 2026.

Adjusted Operating Income (Loss)

The Company reported an adjusted operating loss of $1.6 million, or $0.42 per share, for the third quarter of 2026, compared to an adjusted operating loss of $2.7 million, or $1.55 per share, for the same period in 2025. For the nine months ended September 30, 2026, the Company reported an adjusted operating loss of $1.2 million, or $0.36 per share, compared to an adjusted operating loss of $8.5 million, or $4.85 per share for the same period in 2025. See Definitions of Non-GAAP Measures.

About Presurance Holdings

Presurance Holdings, Inc. is a specialty insurance property and casualty holding company with a focus on disciplined growth and long-term value creation. The Company trades on the Nasdaq Capital Market under the symbol PRHI. Additional information can be found on the Company’s website at IR.PREHLD.com.

Definitions of Non-GAAP Measures

Presurance prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Statutory data is prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners’ (NAIC) Accounting Practices and Procedures Manual and therefore is not reconciled to GAAP data.

We believe that investors’ understanding of the Company’s performance is enhanced by our disclosure of adjusted operating income. Our method of calculating this measure may differ from that used by other companies and therefore comparability may be limited. We define adjusted operating income (loss), a non-GAAP measure, as net income (loss) excluding: 1) net realized investment gains (losses), 2) change in fair value of equity securities, 3) change in fair value of contingent considerations, 4) contingent consideration bonus expense and 5) additional accretion of warrants from Series B Preferred Stock payoff. We use adjusted operating income as an internal performance measure in the management of our operations because we believe it gives our management and other users of our financial information useful insight into the results of our operations and underlying business performance.

Forward-Looking Statement

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operating performance, and include the Company’s expectations regarding premiums, earnings, its capital position, expansion, and growth strategies. The forward-looking statements contained in this press release are based on management’s good-faith belief and reasonable judgment based on current information. The forward-looking statements are qualified by important factors, risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from those in the forward-looking statements, including those described in our Annual Report on Form 10-K (“Item 1A Risk Factors”) filed with the SEC on March 27, 2026, and subsequent reports filed with or furnished to the SEC. Any forward-looking statement made by us in this press release speaks only as of the date hereof or as of the date specified herein. 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 any applicable laws or regulations.

Reconciliations of adjusted operating income (loss) and adjusted operating income (loss) per share: 

	Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
	(dollar in thousands, except share and per share amounts)
Net income (loss)	$	(1,622	)		$	(3,970	)		$	3,536			$	(1,397	)
Less:
Net realized investment gains (losses)		(39	)			4				(140	)			(21	)
Change in fair value of equity securities		–				13				111				(244	)
Change in fair value of contingent considerations		–				(1,500	)			5,710				8,250
Contingent consideration bonus expense		–				219				–				(922	)
Additional accretion of warrants from Series B Preferred Stock payoff		–				–				(946	)			–
Impact of income tax expense (benefit) from adjustments *		–				–				–				–
Adjusted operating income (loss)	$	(1,583	)		$	(2,706	)		$	(1,199	)		$	(8,460	)
Weighted average common shares, diluted		3,746,092				1,746,125				3,321,202				1,746,125
Diluted income (loss) per common share:
Net income (loss)	$	(0.43	)		$	(2.27	)		$	1.06			$	(0.80	)
Less:
Net realized investment gains (losses)		(0.01	)			–				(0.04	)			(0.01	)
Change in fair value of equity securities		–				0.01				0.03				(0.14	)
Change in fair value of contingent considerations		–				(0.86	)			1.72				4.73
Contingent consideration bonus expense		–				0.13				–				(0.53	)
Additional accretion of warrants from Series B Preferred Stock payoff		–				–				(0.29	)			–
Impact of income tax expense (benefit) from adjustments *		–				–				–				–
Adjusted operating income (loss), per share	$	(0.42	)		$	(1.55	)		$	(0.36	)		$	(4.85	)
* The Company has recorded a full valuation allowance against its deferred tax assets as of September 30, 2026 and September 30, 2025, respectively. As a result, there were no taxable impacts to adjusted operating income (loss) from the adjustments to net income (loss) in the table above after taking into account the use of net operating losses and the change in the valuation allowance.

Presurance Holdings, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(dollars in thousands)
	September 30				December 31,
		2026				2025
Assets	(Unaudited)
Investment securities:
Debt securities, at fair value (amortized cost of $93,330 and	$	82,812			$	88,305
$96,669, respectively)
Equity securities, at fair value (cost of $1,184 and $1,276, respectively)		1,295				1,277
Short-term investments, at fair value		29,852				24,725
Total investments		113,959				114,307
Cash and cash equivalents		14,361				27,362
Premiums and agents’ balances receivable, net		3,769				5,521
Reinsurance recoverables on unpaid losses		57,284				63,909
Reinsurance recoverables on paid losses		4,887				5,929
Prepaid reinsurance premiums		600				12,024
Deferred policy acquisition costs		5,152				2,696
Receivable from contingent consideration		–				4,290
Other assets		2,151				3,245
Total assets	$	202,163			$	239,283
Liabilities and Shareholders’ Equity
Liabilities:
Unpaid losses and loss adjustment expenses	$	115,045			$	146,262
Unearned premiums		20,069				25,703
Reinsurance premiums payable		1,907				2,501
Debt		12,378				12,187
Mandatorily redeemable preferred stock		8,000				14,380
Funds held under reinsurance agreements		17,295				24,233
Accounts payable and other liabilities		3,304				5,051
Total liabilities		177,998				230,317
Commitments and contingencies		–				–
Shareholders’ equity:
Common stock, no par value (100,000,000 shares authorized; 3,746,092 and
1,746,125 issued and outstanding, respectively)		113,935				100,158
Accumulated deficit		(79,250	)			(82,786	)
Accumulated other comprehensive income (loss)		(10,520	)			(8,406	)
Total shareholders’ equity		24,165				8,966
Total liabilities and shareholders’ equity	$	202,163			$	239,283

Presurance Holdings, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations (Unaudited)
(dollars in thousands, except share and per share data)
	Three Months Ended								Nine Months Ended
	September 30,								September 30,
		2026				2025				2026				2025
Revenue and Other Income
Premiums
Gross earned premiums	$	10,391			$	17,015			$	36,344			$	49,617
Ceded earned premiums		(1,954	)			(10,194	)			(15,174	)			(22,917	)
Net earned premiums		8,437				6,821				21,170				26,700
Net investment income		1,128				1,301				3,278				3,888
Net realized investment gains (losses)		(39	)			4				(140	)			(21	)
Change in fair value of equity securities		–				13				111				(244	)
Other income		55				40				141				115
Change in fair value of contingent considerations		–				(1,500	)			5,710				8,250
Total revenue and other income		9,581				6,679				30,270				38,688
Expenses
Losses and loss adjustment expenses, net		5,769				6,389				10,770				22,227
Policy acquisition costs		2,662				1,895				6,146				6,859
Operating and other expenses		2,094				1,491				6,525				8,720
Interest expense		678				874				3,331				2,279
Total expenses		11,203				10,649				26,772				40,085
Income (loss) before income taxes		(1,622	)			(3,970	)			3,498				(1,397	)
Income tax expense (benefit)		–				–				(38	)			–
Net income (loss)	$	(1,622	)		$	(3,970	)		$	3,536			$	(1,397	)
Earnings (loss) per common share, basic and diluted	$	(0.43	)		$	(2.27	)		$	1.06			$	(0.80	)
Weighted average common shares outstanding,
basic and diluted		3,746,092				1,746,125				3,321,202				1,746,125

For Further Information:
Jessica Gulis, 248.509.9202
ir@prehld.com

Proposed “Lighthouse” Project in Concord Would Showcase AI UltraProd’s Robotic Construction Technology, Starting with a Single-Story ADU

ROSEVILLE, MN, Nov. 12, 2026 (GLOBE NEWSWIRE) — SecureTech Innovations, Inc. (OTCQB: SCTH), a diversified technology holding company advancing artificial intelligence initiatives, industrial 3D printing and manufacturing technologies, and blockchain-based digital infrastructure and assets, today announces that its wholly owned subsidiary, AI UltraProd, Inc. (AIUP), has signed a non-binding letter of intent (LOI) with a property owner in Concord, California, to co-fund and jointly develop a 3D-printed residential project (“Concord Project”).

The Concord Project is intended to serve as AIUP’s first U.S. “lighthouse” project, a full-scale build in the United States designed to showcase the construction speed, structural strength, design flexibility, and cost profile of AIUP’s robotic 3D-printing technology for homeowners, developers, and general contractors.

The Concord Project

Under the LOI, the Concord Project would be built in two stages:

• Stage One: a single-story detached accessory dwelling unit (ADU) of approximately 748 square feet, to serve as the initial demonstration build; and
• Stage Two: a two-story ADU building on the Stage One design. It would combine 3D-printed load-bearing walls with conventional wood floor and roof framing.

AIUP would print the load-bearing exterior walls on site using its GEO RC1 2700 robotic printing platform and its proprietary GEOMIX structural mortar. The walls would be paired with conventional wood roof trusses and floor framing, along with standard doors, windows, and mechanical, electrical, and plumbing systems (MEP).

Proposed Co-Development Structure

Rather than a traditional construction contract, the LOI contemplates a co-development arrangement. AIUP would fund a portion of the project’s construction, design, and permitting costs, including the cost of converting the owner’s existing design and permits for use with AIUP’s system. The owner would contribute the site and fund the balance of the construction costs. In exchange for its contribution, AIUP would receive an ownership interest in a jointly owned project entity.

Next steps include due diligence, design development, and project-specific structural engineering by a licensed California structural engineer. The parties also plan a full-scale mock-up to test the printed wall connections, and approval from local building authorities under California’s alternative materials and design pathway. The final terms remain subject to the negotiation and execution of definitive agreements. Except for certain customary provisions, such as exclusivity and confidentiality, the LOI is non-binding, and there can be no assurance that definitive agreements will be signed or that the Concord Project will proceed.

Bringing AI UltraProd to the United States

The LOI is part of AIUP’s ongoing effort to establish assembly, manufacturing, distribution, and sales operations in the United States, as previously announced in August 2026, when SecureTech retained AIUP as a permanent, wholly owned subsidiary managed from SecureTech’s Roseville, Minnesota headquarters.

J. Scott Sitra, SecureTech’s President and CEO, stated, “Our business development team has been working steadily to bring AIUP’s technology to the United States, and this LOI is a concrete step in that direction. We’re starting with a single-story ADU to validate our printed wall system, navigate the California approval process, and give homeowners, developers, and general contractors a finished structure they can see, touch, and walk through. If the project performs as we expect, we believe it can serve as a model for additional future projects with this owner and with other prospective partners in the U.S.”

“We brought the Concord property forward because we saw an opportunity to explore a different approach to residential development with a technology partner willing to invest alongside us,” said Mikial Nijor of Middle Housing Group of San Francisco. “The proposed structure would give us a shared stake in the project’s success while providing AiUP with a site for its first U.S. lighthouse project. If successful, the project could help guide how my group approaches future developments and encourage other developers to explore AiUP’s construction technology.”

About AI UltraProd

AI UltraProd, Inc. is a wholly owned subsidiary of SecureTech Innovations, Inc. (OTCQB: SCTH). It develops AI powered industrial 3D printing and robotic construction and service solutions. Its GEO RC1 2700 printing platform and proprietary GEOMIX structural mortar are designed to print load-bearing wall systems on site for both commercial and residential construction. AI UltraProd has manufacturing and AI service operations in Hong Kong and mainland China and is in the early stages of establishing assembly, manufacturing, distribution, and sales operations in the United States.

About SecureTech Innovations

SecureTech Innovations, Inc. (OTCQB: SCTH) is a diversified technology holding company whose subsidiaries operate across artificial intelligence-driven manufacturing, blockchain-based digital infrastructure and cybersecurity, and patented vehicle security systems. Its portfolio companies include AI UltraProd, which develops AI-powered industrial 3D manufacturing solutions; Piranha Blockchain, which focuses on Web3 security architecture, digital asset infrastructure, and cybersecurity systems, and holds a majority interest in QSTAK Market, LLC, a joint venture formed to commercialize the Company’s exclusively licensed QSTAKCHAIN technology; and Top Kontrol, which holds patented vehicle anti-theft and anti-carjacking technology. SecureTech’s mission is to deliver practical, transformative technologies that improve safety, automation, and digital resilience across multiple industries.

For further information, visit our websites:
securetechinnovations.com | aiultraprod.com | piranhablockchain.com | qstakchain.com | topkontrol.com

Disclaimer & Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and may include, but are not limited to, statements regarding the proposed Concord Project, including its scope, structure, stages, and anticipated benefits; the negotiation and execution of definitive agreements; the expected performance of AI UltraProd’s construction technology; the receipt of required approvals; potential future projects with the property owner or other parties; AI UltraProd’s planned expansion of operations in the United States; and SecureTech’s business, growth, and strategic outlook. These statements are often identified by words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “potential,” “may,” “could,” “would,” “will,” “should,” and similar expressions.

Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including: the risk that the parties may not complete due diligence or enter into definitive agreements on acceptable terms, or at all; that the Concord Project may be delayed, modified, or abandoned; that required engineering validation, building approvals, or permits, including under California’s alternative materials and design pathway, may not be obtained or may be delayed; that AI UltraProd’s technology may not achieve the anticipated construction speed, structural performance, or cost results in the United States; that the project may not lead to additional projects; that AI UltraProd’s U.S. expansion may be delayed or may not materialize as expected; that the Company will require additional capital, which may not be available on acceptable terms, or at all; the substantial doubt about the Company’s ability to continue as a going concern described in its most recent periodic reports; and other risks described in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K, as amended, and its Quarterly Reports on Form 10-Q. The Company’s SEC filings are available at www.sec.gov. SecureTech undertakes no obligation to update any forward-looking statement to reflect new information, future events, or otherwise, except as required by applicable law.

###

Media Contact

SecureTech Innovations, Inc.
Email: ir@securetechinnovations.com
Phone: (651) 317-8990
Website: www.securetechinnovations.com

StratGrid is advancing regulatory applications coupled with its community consultation and engagement activities and plans to favor Alberta workers, contractors and suppliers

LAS VEGAS, Nov. 12, 2026 (GLOBE NEWSWIRE) — Jet.AI Inc. (Nasdaq: JTAI) (“Jet.AI” or the “Company”), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced that StratGrid Inc. (“StratGrid”) has begun stakeholder consultation on its proposed Wheatland Power Island and Digital Infrastructure Project (the “Project”), up to 240 MW of net power generation to support off-grid data infrastructure campuses in Wheatland County, Alberta. StratGrid estimates the Project could support up to 800 direct and indirect construction jobs during the course of the project. Once operating, it would be expected to employ up to 50 full-time equivalent staff over an expected multi-decade operational life cycle. Jet.AI owns approximately 15% of StratGrid through SG Canada InvestCo LLC, an investment vehicle in which Jet.AI holds a majority interest, and through this same vehicle holds an approximate 15% economic interest in the Project.

StratGrid is advancing the necessary regulatory applications and has commenced community consultation and engagement activities. It has stated that it intends to support Alberta workers, contractors, suppliers and the local community. Alberta contractors would bring local advantages and are accustomed to the province’s unique environment. StratGrid expects the Project could contribute to Wheatland County’s municipal and Provincial tax revenues, while supporting public services, infrastructure, and broader regional economic development.

StratGrid anticipates filing with the Alberta Utilities Commission (“AUC”) in the first quarter of 2027, may begin construction as early as the third or fourth quarter of 2027, and could reach commercial operations in the fourth quarter of 2028.

StratGrid is now engaging with key stakeholders, including but not limited to Indigenous communities, residents, landowners, regulators, and the County, and plans to do so throughout the Project’s life.

“If approved, Wheatland could bring hundreds of construction jobs and up to 50 permanent positions to Wheatland County,” said David Sealock, CEO of StratGrid. “Alberta contractors know how to build in this province’s conditions, and we would intend to put that experience to work. Alberta is home to some of the top technical and trade staff globally with transferable skill sets that can be applied to these types of projects. We look forward to hearing from the community through consultation engagement and at our open house process.”

About Jet.AI

Jet.AI Inc. (NASDAQ: JTAI) is a technology-driven company focused on deploying artificial intelligence tools and high-performance GPU infrastructure to enhance decision-making, efficiency, and performance across complex systems. The Company is listed on the NASDAQ Capital Market under the ticker symbol “JTAI.” To learn more, visit www.jet.ai.

About StratGrid

StratGrid Inc. is a Calgary-based company developing natural gas-powered digital infrastructure to support growing demand for hyperscale computing. Its project are designed to combine on-site power generation with digital infrastructure, providing reliable electricity without relying on Alberta’s electricity grid or passing infrastructure costs to existing ratepayers.

Forward-Looking Statements

This press release contains certain statements that may be deemed to be “forward-looking statements” within the meaning of the federal securities laws, including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our Company, our industry, our beliefs and our assumptions. Forward-looking statements include, without limitation, statements regarding the proposed Wheatland Power Island and Digital Infrastructure Project, its expected generation, storage and digital infrastructure capacity, estimated capital expenditure, employment, operating life, regulatory and municipal filings and approvals, rezoning, construction start and commercial operations date, and the expected benefits from the Project. Words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause actual results to differ materially from the expected results. As a result, caution must be exercised in relying on forward-looking statements, which speak only as of the date they were made.

Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among others: the Project has not received approval from the AUC, Wheatland County or any other authority, and may never receive it; the proposed rezoning may not be approved; stakeholder consultation may lead to design changes, delays or opposition; natural gas supply beyond current arrangements may not be secured on acceptable terms or at all; StratGrid may be unable to obtain financing for the Project on acceptable terms or at all; construction may face cost overruns, supply chain constraints, labour shortages or delays; capital expenditure, capacity, employment and schedule figures are preliminary estimates and subject to change; customers for the digital infrastructure may not be secured; water supply arrangements with Wheatland County may not be finalized; changes in Alberta energy, environmental or data centre policy may affect the Project; and Jet.AI may not realize the expected economic benefits of its interest in the Project. Jet.AI’s interest is held through SG Canada InvestCo LLC, and Jet.AI does not control StratGrid or the Project. Additional risks appear in the “Risk Factors” section of Jet.AI’s most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and Jet.AI assumes no obligation and does not intend to update or revise these forward-looking statements, whether because of new information, future events, or otherwise, except as provided by law.

Contacts
Jet.AI Investor Relations
Gateway Group, Inc.
949-574-3860
Jet.AI@gateway-grp.com

StratGrid
info@stratgrid.ca

• Xinyue (Chris) Zhang named Chief Financial Officer, effective November 12, 2026
• Appointment begins the build-out of a U.S.-based finance, capital markets and investor relations function as EDTK increases its focus on North America
• EDTK continues to build its applied AI business across learning, skills training, AI technology services and interactive content

Hong Kong, Nov. 12, 2026 (GLOBE NEWSWIRE) — Skillful Craftsman Education Technology Limited (Nasdaq: EDTK) (“EDTK” or the “Company”), a company specializing in educational technology innovation, artificial intelligence (AI) skills training, and digital transformation for educational institutions, today announced that its Board of Directors has appointed Xinyue (Chris) Zhang as Chief Financial Officer, effective November 12, 2026. Mr. Zhang will be based in New York. Mr. Zhang will assume the role of Chief Financial Officer from Bin Fu, the Company’s Chairman and Chief Executive Officer, who has served as Acting Chief Financial Officer since August 8, 2026. Mr. Fu will step down as Acting Chief Financial Officer upon the effectiveness of Mr. Zhang’s appointment and will continue to serve as Chairman and Chief Executive Officer.

The appointment reflects a shift in where EDTK plans to do business. Over the past year, the Company has refocused on applied AI, from AI-powered learning and skills training to AI technology services and AI-driven interactive content, including the recent agreement for the acquisition of URAY to develop interactive digital content, game creation and global publishing business. As that strategy develops, EDTK intends to place a growing share of its operations, partnerships and investor engagement in the United States and North America, which the Company views as a key market both for AI applications and for its relationships with investors.

Mr. Zhang will lead the Company’s finance, financial reporting and capital markets functions, and will work with senior management on investor relations and on building the Company’s operating presence in the United States.

“We want EDTK to become an AI technology applications company that U.S. investors can follow closely and hold with confidence,” said Bin Fu, Chairman and Chief Executive Officer of EDTK. “That takes senior leadership on the ground here, clear reporting and relationships built over time. Chris knows this market and shares our long-term view. We expect North America to account for a growing share of what we do.”

“EDTK has a clear direction in applied AI,” said Mr. Zhang, “My priorities are straightforward: accurate and timely reporting, disciplined use of capital, and regular, open communication with the market. I look forward to working with Bin and the team as the Company builds out its presence in North America.”

About Mr. Zhang

Mr. Zhang has worked in U.S. capital markets for more than 8 years and has advised a number of U.S.-listed companies on capital markets strategy, SEC reporting, Nasdaq listing compliance and investor relations. He earlier worked at Capco and holds a Master of Science in Computer Science from the University of Southern California.

About Skillful Craftsman Education Technology Limited

Skillful Craftsman Education Technology Limited (“Skillful Craftsman” or the “Company”) is focused on advancing educational technology innovation, artificial intelligence (AI) skills training and digital transformation for educational institutions. The Company’s intelligent learning platforms and teaching management systems help companies and educational organizations achieve more effective training, teaching and learning experiences. The Company also provides software development, artificial intelligence technology services, API interface services and related product sales.

For more information, please visit the Company’s website at edtk.ai.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements represent the beliefs, projections, and predictions of the Company about future events. All statements other than statements of historical fact are forward-looking statements. Words such as “may,” “will,” “should,” “could,” “would,” “predicts,” “potential,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, as well as statements in the future tense, identify forward-looking statements. These statements are based on information available at the time they are made and reflect the management’s beliefs as of that time. However, they are subject to known and unknown risks, uncertainties, and other important factors that could cause actual results, performance, or achievements to differ materially from any future results, performance, or achievements described in or implied by such statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times by which, or whether, our performance or results may be achieved. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.

Investor Relations Contact

Skillful Craftsman Education Technology Limited
Investor Relations
Mello Bai, Company Secretary
Email: mello.bai@edtk.ai

Third Quarter Highlights – 2026 vs. 2025

• Verification and certification revenue up 6% to $5.9M from $5.6M
• Product sales flat at $1.2M
• Total revenue up 4% to $7.3M from $7.0M
• Gross margin improves to 42.1% from 38.3%
• Operating income up 68% to $1.0M from $0.6M
• Net income of $0.8M vs. $1.1M ($1.1M includes $0.9M gain on sale in year-ago Q3)
• Diluted EPS of $0.17 vs. $0.22
• Company returns $268,000 in value to stockholders through buyback of 21,170 shares
• $17.5 million in total value returned to shareholders over past seven years through buybacks and special dividend

Nine-Month Highlights – 2026 vs. 2025

• Verification and certification revenue up 4% to $15.7M from $15.1M
• Product sales flat at $2.9M
• Total revenue up 2% to $19.3M from $18.9M
• Gross margin improves to 40.5% from 38.9%
• Operating income up 52% to $1.9M from $1.3M
• Net income of $1.3M vs. $1.7M ($1.7M includes $0.9M gain on sale in year-ago Q3)
• Diluted EPS of $0.27 vs. $0.34
• Cash generated from operations of $2.8M vs. $2.3M
• Cash & cash equivalents of $4.4M at September 30 vs. $3.2M at 2025 year-end
• Stock buybacks: 110,651 shares

CASTLE ROCK, Colo., Nov. 12, 2026 (GLOBE NEWSWIRE) — Where Food Comes From, Inc. (WFCF) (Nasdaq: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, today announced financial results for its third quarter and nine-month period ended September 30, 2026.

“We are pleased to report strong third quarter financial results highlighted by 6% growth in our core verification and certification business that is benefitting from resurgent demand for beef-related services and growing momentum in other service offerings,” said John Saunders, Chairman and CEO. “Our profit metrics also showed continued strength with gross margins rising by 380 basis points to 42.1% and operating income growing 68% to $1.0 million from $600,000 a year ago – both reflecting the positive impact of our ongoing cost down initiatives in conjunction with accelerating revenue.

“Our ability to generate these results in the face of continued headwinds in our beef-related business underscores the importance of our diverse and growing services portfolio. Although smaller cattle herd sizes have impacted product sales and certain verification services, newly developed service offerings such as CARE and RaiseWell® Certified are growing rapidly and more than compensating. And, despite record high beef prices, cattle producers are still capturing $100-per-head premiums when they use our value-add services. Additionally, we are adding hundreds of new customers for our Organic, non-GMO, Gluten Free and Upcycled certifications, and we are benefitting from our unique ability to offer service bundling that reduces costs and audit fatigue for our customers. With market research indicating that consumer interest in sustainability, humane handling, and overall transparency in food raising practices has never been higher, our comprehensive portfolio of services ideally positions us to continue leading our industry for years to come.”

Third Quarter Results – 2026 vs. 2025

Total revenue in the third quarter ended September 30, 2026, increased 4% to $7.3 million from $7.0 million.

• Verification and certification services increased 6% to $5.9 million from $5.6 million.
• Product revenue was flat at $1.2 million.
• Professional services declined to $218,000 from $257,000.

Gross margins in the third quarter improved by 380 basis points to 42.1% from 38.3% in the same quarter last year, reflecting operational efficiencies across the business.

Selling, general and administrative expense was flat at $2.1 million, reflecting both improved efficiencies and management’s commitment to managing overhead costs.

Operating income increased 68% to $1.0 million from $0.6 million due to the impact of cost-down initiatives relative to increasing revenue.

Net income in the third quarter was $825,000, or $0.17 per diluted share, compared to net income of $1,146,000, or $0.22 per diluted share, in the same quarter last year. The decline was primarily attributable to a $946,000 gain on sale of assets in the year-ago third quarter related to the Company’s divestiture of its Progressive Beef interest.

The Company bought back 21,170 shares of its common stock in the third quarter, equating to $268,000 in value returned to stockholders in the period.

Nine-Month Results – 2026 vs. 2025

Total revenue for the nine-month period ended September 30, 2026, increased 2% to $19.3 million from $18.9 million in the same period last year.

• Verification and certification services increased 4% to $15.7 million from $15.1 million.
• Product revenue was flat $2.9 million.
• Professional services revenue declined to $731,000 from $912,000.

Gross margins in the nine-month period increased to 40.5% from 38.9%, reflecting the year-to-date impact of cost reduction initiatives.

SG&A expense decreased 3% year over year to $5.9 million from $6.1 million, reflecting management’s first quarter decision to return approximately $400,000 in 2025 bonus compensation.

Income from operations was $1.9 million, up 52% year over year from $1.3 million in the same period last year.

Net income through nine months was $1.3 million, or $0.27 per diluted share, compared to net income of $1.7 million, or $0.34 per diluted share, in the same period last year. The year-ago total of $1.7 million included a $946,000 gain on sale of the Progressive Beef interest.

The Company generated $2.8 million in cash from operations year-to-date, up from $2.3 million in the comparable period last year.

Cash and cash equivalents increased 39% at September 30 to $4.4 million from $3.2 million at December 31, 2025.

The Company has bought back a total of 110,651 shares year-to-date in 2026. Over the past seven years, the Company has returned $17.5 million in value to stockholders through buybacks and a special dividend.

The Company will conduct a conference call today at 10:00 a.m. Mountain Time.

Call-in numbers for the conference call:
Domestic Toll Free: 1-877-407-8289
International: 1-201-689-8341
Conference Code: 13763641

Phone replay:
A telephone replay of the conference call will be available through November 26, 2026, as follows:
Domestic Toll Free: 1-877-660-6853
International: 1-201-612-7415
Conference Code: 13763641

About Where Food Comes From, Inc.
Where Food Comes From, Inc. is America’s trusted resource for third party verification of food production practices. Through proprietary technology and patented business processes, the Company estimates that it supports more than 17,500 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands and restaurants with a wide variety of value-added services. Where Food Comes From solutions are used to verify food claims, optimize production practices and enable food supply chains with analytics and data driven insights. In addition, the Company’s Where Food Comes From® retail and restaurant labeling program uses web-based customer education tools to connect consumers to the sources of the food they purchase, increasing meaningful consumer engagement for our clients. 

CAUTIONARY STATEMENT 
This news release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Forward-looking statements are inherently uncertain, and actual events could differ materially from the Company’s predictions. Important factors that could cause actual events to vary from predictions include those discussed in our SEC filings. Specifically, statements in this news release about plans for industry leadership; customers’ ability to capture sales premiums for cattle verified by the Company; ability to continue adding new customers; expectations that consumer interest in the Company’s services will continue; and demand for, and impact and efficacy of, the Company’s products and services on the marketplace are forward-looking statements that are subject to a variety of factors, including availability of capital, personnel and other resources; competition; governmental regulation of the agricultural industry; the market for beef and other commodities; and other factors. Financial results and the Company’s pace of stock buybacks are not necessarily indicative of future results. Readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update its forward-looking statements to reflect new information or developments. For a more extensive discussion of the Company’s business, please refer to the Company’s SEC filings at www.sec.gov.

Company Contacts:

John Saunders
Chief Executive Officer
303-895-3002

Jay Pfeiffer
Director Investor Relations
303-880-9000
jpfeiffer@wherefoodcomesfrom.com

Where Food Comes From, Inc.
Statements of Operations (Unaudited)
				Three months ended September 30,							Nine months ended September 30,
(Amounts in thousands, except per share amounts)					2026				2025			2026				2025
Revenues:
	Verification and certification service revenue			$	5,897			$	5,556		$	15,710			$	15,070
	Product sales				1,211				1,202			2,861				2,868
	Professional services				218				257			731				912
		Total revenues			7,326				7,015			19,302				18,850
Costs of revenues:
	Costs of verification and certification services				3,400				3,348			9,321				9,025
	Costs of products				681				781			1,682				1,826
	Costs of professional services				159				200			487				658
		Total costs of revenues			4,240				4,329			11,490				11,509
	Gross profit				3,086				2,686			7,812				7,341
Selling, general and administrative expenses					2,120				2,111			5,883				6,075
Income from operations					966				575			1,929				1,266
Other income/(expense):
	Dividend income				–				50			–				100
	Interest income				17				7			32				16
	(Loss) / gain on sale of assets				(2	)			946			15				946
	Fair market value gain / (loss) on digital assets				175				48			(28	)			144
	Loss on foreign currency exchange				(1	)			–			(1	)			(3	)
	Interest expense				–				–			(1	)			(2	)
Income before income taxes					1,155				1,626			1,946				2,467
Income tax expense					330				480			616				728
	Net income			$	825			$	1,146		$	1,330			$	1,739
Per share – net income:
	Basic			$	0.17			$	0.22		$	0.27			$	0.34
	Diluted			$	0.17			$	0.22		$	0.27			$	0.34
Weighted average number of common shares outstanding:
	Basic				4,973				5,284			5,014				5,124
	Diluted				4,986				5,297			5,027				5,137

Where Food Comes From, Inc.
Balance Sheets
						September 30,				December 31,
(Amounts in thousands, except per share amounts)							2026				2025
Assets						(Unaudited)				(Audited)
Current assets:
	Cash and cash equivalents					$	4,433			$	3,200
	Accounts receivable, net of allowance						2,674				1,678
	Inventory						869				792
	Prepaid expenses and other current assets						384				605
		Total current assets					8,360				6,275
Property and equipment, net							615				648
Right-of-use assets, net							316				498
Equity investments							200				200
Intangible and other assets, net							1,154				1,420
Digital assets							585				613
Goodwill, net							2,946				2,946
Deferred tax assets, net							195				299
Total assets						$	14,371			$	12,899
Liabilities and Equity
Current liabilities:
	Accounts payable					$	621			$	451
	Accrued expenses and other current liabilities						2,137				655
	Deferred revenue						1,618				1,545
	Current portion of finance lease obligations						13				12
	Current portion of operating lease obligations						422				422
		Total current liabilities					4,811				3,085
Finance lease obligations, net of current portion							3				13
Operating lease obligation, net of current portion							178				496
Total liabilities							4,992				3,594
Commitments and contingencies
Equity:
	Common stock						5				5
	Additional paid-in-capital						137				23
	Treasury stock						(3,153	)			(1,783	)
	Retained earnings						12,390				11,060
Total equity							9,379				9,305
Total liabilities and stockholders’ equity						$	14,371			$	12,899

The parties started to conduct live demonstrations of the VARAN vehicle for various ministries of defense in Europe, Asia, and North America

The integration follows the previously announced Strategic Cooperation Agreement signed with VisionWave to incorporate Foresight’s 3D perception systems and Autonomous Stack into the VARAN unmanned ground vehicles

NESS ZIONA, Israel, Nov. 12, 2026 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, today announced that it has successfully completed the integration of its advanced 3D perception system into the VARAN modular unmanned ground vehicles(UGV).

The integration follows the previously announced Strategic Cooperation Agreement signed with VisionWave Holdings, Inc. (“VisionWave”) in August 2026, under which Foresight’s 3D perception technology would be incorporated into VisionWave’s VARAN platform.

The project involved designated mechanical design, system-level integration, and stereoscopic calibration of Foresight’s 3D perception systems, which are based on visible light and thermal sensors, tailored to the VARAN platform’s off-road operational and environmental requirements. The integrated systems enable 3D depth perception and point cloud generation, supporting terrain intelligence, all-obstacle detection, and traversability assessments in complex off-road environments.

These capabilities provide a technological foundation for environmental perception, path planning, and obstacle avoidance, enabling autonomous navigation and mobility for unmanned ground vehicles in challenging off-road conditions and GPS-denied environments.

As a next step, Foresight aims to complete the development of a designated Autonomous Stack software package to enable fully autonomous driving capabilities in off-road environments, including multi-mission features such as go-to-point, return-to-home, and follow-the-leader.

VisionWave’s VARAN platform is a modular autonomous ground platform designed to support a diverse range of payloads and mission configurations, including drone launch and recovery canisters, remote weapon stations, intelligence, surveillance and reconnaissance systems, optical mast systems, logistics and supply modules, as well as medical, explosive ordinance disposal, electronic warfare, and route-clearance applications.

VisionWave and Foresight plan to conduct live demonstrations of a VARAN-equipped vehicle for various ministries of defense in Europe, Asia, and North America. The companies also intend to participate in the India Defense Partnership Days 2026 trade show in November 2026 and the South Korea K-DEX 2026 defense trade show.

“The successful integration of our 3D perception systems into the VARAN platform marks an important milestone in our collaboration with VisionWave,” said Haim Siboni, Chief Executive Officer of Foresight. “These capabilities establish a strong foundation for autonomous operation in complex off-road environments, and we look forward to advancing the Autonomous Stack integration as the next phase of this cooperation.”

About Foresight

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing advanced three-dimensional (3D) perception systems and cellular-based applications. Through its wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd., and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions.

Foresight’s 3D perception systems include modules of automatic calibration and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment, and unmanned aerial vehicles.

Eye-Net Mobile develops next-generation vehicle-to-everything collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in urban mobility environments. By leveraging cutting-edge artificial intelligence technology, advanced analytics, and existing cellular networks, Eye-Net’s innovative solution suite delivers real-time pre-collision alerts to all road users via smartphones and other smart devices within vehicles.

For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on X, or join Foresight Automotive on LinkedIn. 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “hopes,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses its successful integration of the VARAN platform, its business relationship with VisionWave, the anticipated increase in business opportunities and general success that the implementation of the VARAN platform might create, the range of applications the VARAN platform has in the civilian and defense sectors, its hope to showcase a VARAN-equipped vehicle before various ministries of defense, its plan to participate in the India Defense Partnership Days 2026 trade show, and its plan to participate in the South Korea K-DEX 2026 defense trade show. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.

The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on March 25, 2026, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the content of third party websites.

Investor Relations Contact:

Miri Segal-Scharia
CEO
MS-IR LLC
msegal@ms-ir.com