Tag: GlobeNewswire

Accelerates Intermap’s technology roadmap into distributed edge processing and microservices, extending proven and secure AI/ML analytics across thousands of autonomous geospatial workflows

Doubles recurring revenue, opening new commercialization pathways for Intermap’s AI/ML-driven image processing and downstream products, including solution enhancements for 30,000+ existing licenses in the commercial space market

Speeds delivery of decision-ready intelligence throughout Intermap’s asset-light platform, integrating our AI/ML analytics, large-scale, real-time, multi-domain 3D data with value-added software and APIs spanning complete-spectrum remote sensing on Earth, in the air, under sea and in space

Introducing 2027 commercial revenue guidance of $12–$15 million (+100% growth), with 50%+ contribution margins

DENVER, Oct. 07, 2026 (GLOBE NEWSWIRE) — Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in multi-domain geospatial intelligence powered by proprietary 3D data and AI/ML analytics, today announced the completion of its acquisition of PCI Geomatics Group Inc. (“PCI,” operating as CATALYST).

PCI puts Intermap technology into thousands of existing workflows and brings processing closer to where customers use the data. The acquisition is expected to double Intermap’s recurring revenue, adds more than 30,000 installed licenses across over 150 countries that can benefit from our proven commercial-grade AI/ML analytics and significantly expands the Company’s global distribution. In addition, it extends Intermap’s capabilities from proprietary 3D data and AI/ML analytics into optical image processing and distributed edge processing, while creating SAR processing opportunities for PCI software, supporting $12–$15 million of commercial revenue in 2027.

Geospatial customers increasingly require faster autonomous edge-based solutions that deliver AI/ML-ready data that is sensor agnostic and incorporates better ground positioning with precise 3D context. This combination extends rapid, automated machine-to-machine processes, at scale, already proven effective and adopted throughout Intermap’s insurance segment. These capabilities reduce latency while improving data quality, oversight, security and sovereignty. PCI’s cloud-native applications and relationships across the commercial space ecosystem can now provide customers with accelerated decision-ready intelligence.

“Strong growth in our commercial verticals demonstrates that better data drives better decisions. Now we are pushing these capabilities closer to the edge through the software and agreements already in our customers’ hands, without disruption to workflows, enabling access to the world’s best 3D data, where and when our customers need it. By extending Intermap’s capabilities through PCI applications installed globally, we give customers a complete offering—from sourcing the data and imagery they need faster, to providing decision-ready intelligence, with better results,” said Patrick A. Blott, Chairman and CEO of Intermap. “Our priority is to deliver those solutions and turn our vertically integrated technology stack into accelerated growth.”

The acquisition broadens Intermap’s capabilities and customer reach across government, defense and commercial markets. The Company intends to expand access to its data and analytics through cloud-native applications, APIs and Data-as-a-Service, while developing solutions that connect PCI’s image processing capabilities with Intermap’s AI/ML models, SAR processing technologies and archive to generate decision-ready intelligence within customers’ existing workflows.

“Our customers need to turn imagery into information they can use,” said June McAlarey, President and CEO of PCI and Executive Vice President of Intermap responsible for the commercial business. “Combining PCI’s distributed edge processing capabilities with Intermap’s proprietary 3D data, processing and analytics gives us more ways to solve those problems and reduce latencies.”

Transaction and financial outlook
Intermap acquired all outstanding PCI shares it did not already own by way of an arrangement under the Canada Business Corporations Act (the “Arrangement”). Completion of the Arrangement followed PCI shareholder approval of the Arrangement on September 25, 2026 and a final order of the Ontario Superior Court of Justice (Commercial List) dated September 28, 2026. The transaction closed on October 7, 2026. Intermap used $7.7 million of cash to complete the transaction.

At closing, available liquidity was approximately $14 million, excluding more than $150 million of third-party credit support, arranged for Indonesia’s outstanding and binding RFB procurement. For the year ending December 31, 2027, Intermap expects commercial revenue of $12–$15 million and Adjusted EBITDA¹ of approximately $5 million. This outlook assumes no contribution from government procurements, which have uncertain timing, including in Indonesia. Due to timing uncertainties, these government programs will not factor into revenue guidance this year or next, prior to their contract award.

Investor call
Intermap will host an investor call with CEO Patrick Blott on October 8, 2026 at 5:00 pm ET to discuss the acquisition and the combined company’s outlook. Investors can register here. The presentation and replay will be available on Intermap’s investor relations page.

Unless otherwise indicated, all dollar or “$” references are expressed in USD.

Intermap Reader Advisory
Certain statements in these materials are forward-looking, including statements about the anticipated benefits of the Arrangement, expectations with respect to the performance of the combined company, including its recurring revenue, expanded global distribution and commercial growth, and the Company’s expected 2027 financial performance. The words “will,” “intend,” “expect” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed in Intermap’s Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

_____________________________

¹ Adjusted EBITDA is a non-GAAP measure. See “Non-GAAP Measures” below.

Non-GAAP Measures
This news release makes reference to certain non-GAAP measures such as “Adjusted EBITDA.” These non-GAAP measures are not recognized, defined or standardized measures under IFRS as issued by the IASB. The Company’s definition of Adjusted EBITDA will likely differ from that used by other companies and therefore comparability may be limited. Adjusted EBITDA should not be considered a substitute for or in isolation from measures prepared in accordance with GAAP. Readers should not place undue reliance on non-GAAP measures and should instead view them in conjunction with the most comparable GAAP financial measures.

Adjusted EBITDA is a non-GAAP measure. EBITDA consists of net loss and excludes financing costs, financing income, taxes, depreciation and amortization. Adjusted EBITDA also excludes share-based compensation and foreign currency translation. The Company believes that Adjusted EBITDA provides additional information of the Company’s operations on a continuing basis by eliminating certain non-cash and non-operating charges. See “Reconciliation of Non-GAAP Measures” in the Company’s Management’s Discussion and Analysis for the quarter ended June 30, 2026 filed on SEDAR+ and EDGAR for a reconciliation of Adjusted EBITDA from its most directly comparable measure calculated in accordance with IFRS, net loss, which reconciliation is incorporated by reference herein.

About Intermap Technologies
Intermap Technologies is a global leader in geospatial intelligence powered by proprietary 3D data and AI/ML analytics. The Company delivers actionable intelligence to government and commercial customers through a portfolio of applications, platforms and solutions that support risk management, infrastructure planning, operational readiness and mission-critical decision-making. Intermap’s proprietary 3D data foundation spans more than 300 million square kilometers across over 150 countries and powers intelligence solutions for government, insurance, aviation, telecommunications, transportation, renewable energy, agriculture, natural resources and space markets. Through advanced analytics, automated processing and enterprise-scale data delivery, Intermap helps organizations transform complex geospatial information into decision-ready intelligence.

About CATALYST (PCI)
PCI (DBA CATALYST) is a world-leading developer of software and systems for remote sensing, imagery processing, and photogrammetry. With 45 years of experience in the geospatial industry, CATALYST is recognized globally for its excellence in providing software for accurately and rapidly processing satellite and aerial imagery, with more than 30,000 licenses in over 150 countries worldwide.

For more information, please visit www.intermap.com or contact:
Jennifer Bakken
Executive Vice President and CFO
CFO@intermap.com
+1 (303) 708-0955

Sean Peasgood
Investor Relations
Sean@SophicCapital.com
+1 (647) 260-9266

CALGARY, Alberta, Oct. 07, 2026 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces the October 2026 monthly distribution of $0.10 per unit. Unitholders of record on October 22, 2026, will receive distributions payable on November 13, 2026.

About Canoe EIT Income Fund
Canoe EIT Income Fund is one of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbol EIT.UN, and is actively managed by Robert Taylor, Senior Vice President and Chief Investment Officer, Canoe Financial.

About Canoe Financial
Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing nearly $25.0 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

For further information, please contact:
Investor Relations
1–877–434–2796
www.canoefinancial.com
info@canoefinancial.com

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit. A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment. ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the fund’s ability to generate future income. You should not draw any conclusions about the fund’s investment performance from the amount of this distribution.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the fund on www.sedarplus.ca before investing. Investment funds are not guaranteed and past performance may not be repeated.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.

CALGARY, Alberta, Oct. 07, 2026 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces the October 2026 monthly distribution of $0.10 per unit. Unitholders of record on October 22, 2026, will receive distributions payable on November 13, 2026.

About Canoe EIT Income Fund
Canoe EIT Income Fund is one of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbol EIT.UN, and is actively managed by Robert Taylor, Senior Vice President and Chief Investment Officer, Canoe Financial.

About Canoe Financial
Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing nearly $25.0 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

For further information, please contact:
Investor Relations
1–877–434–2796
www.canoefinancial.com
info@canoefinancial.com

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit. A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment. ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the fund’s ability to generate future income. You should not draw any conclusions about the fund’s investment performance from the amount of this distribution.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the fund on www.sedarplus.ca before investing. Investment funds are not guaranteed and past performance may not be repeated.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.

At a glance

• Network Response: Verizon teams are actively staging mobile assets while monitoring conditions 24/7. Ahead of the storm, crews are topping off generators with fuel.
• On-the-ground Support: Members from our Dedicated Impact Response Team (DIRT) are on the ground in Florida and Alabama. The Verizon Frontline Crisis Response Team is also on standby in the area to provide mission-critical communications support to public safety agencies.
• Customer Resources: Verizon offers preparedness tips to help the community stay connected and secure ahead of the storm.
• Satellite Messaging: Verizon customers can maintain essential communications via satellite, allowing compatible phones to send text messages or connect with emergency services.

MOBILE, Ala., Oct. 07, 2026 (GLOBE NEWSWIRE) — As Tropical Storm Isaias, forecast to become the first Atlantic hurricane this season, moves through the Gulf, Verizon’s network team is taking active measures to keep communities, businesses and first responders connected.

Verizon engineers are monitoring the storm 24/7, staging mobile assets and fuel reserves, and actively servicing and topping off permanent generators as Isaias approaches. With all macro cell sites in the region featuring built-in battery power, and nearly all macro sites equipped with permanent back-up generators, Verizon’s Gulf Coast infrastructure is built to withstand extreme weather conditions.

Network Prep in Progress:

• Staging Equipment: Portable generators and mobile assets like Cell on Light Trucks (COLTs), MatSing Equipment on Wheels (MEOWs), and Business Inclusive Satellite Onboard Nomadic (BISON) have been staged across North Florida, Alabama, and Mississippi to rapidly deploy post-storm, if needed.
• Transport Redundancy: Backup microwave assets are prepared to re-direct network traffic if terrestrial fiber lines are impacted.
• Partner Coordination: Verizon teams are collaborating directly with local fuel providers and electric utility companies to support fueling, power restoration and infrastructure recovery.
• Specialized Field Teams: Dedicated Impact Response Team, or DIRT, is an elite-level of network engineers and technicians trained to rapidly restore wireless infrastructure following major emergencies like hurricanes, wildfires, and severe storms. DIRT is stationed on the ground across Florida and Alabama. The Verizon Frontline Crisis Response Team also stands ready to help ensure public safety agencies on the front lines of emergency response operations have the mission-critical communications capabilities they need to achieve their missions.
• Operations: Key regional switch facilities, including Pensacola, are staffed with round-the-clock technical operations teams and volunteers to manage network traffic dynamically.

Satellite when it matters most

In emergency situations where traditional cellular networks are impacted, satellite connections can provide a critical lifeline for Verizon customers. All Verizon customers with compatible devices can send text messages to any other customer device via satellite if terrestrial cellular network service is interrupted, ensuring continued communication with first responders, loved ones, and emergency services.

Verizon encourages customers with compatible satellite-enabled devices (such as iPhone 14 or newer running iOS 18+, Google Pixel 9 or newer or Samsung Galaxy S25 or newer) to test emergency satellite messaging features before the storm makes landfall.

How Residents and Businesses Can Prepare in Advance of a  Hurricane
In addition to preparing your device for satellite messaging, customers are urged to update their personal digital preparedness plans.

1. Charge up early: Keep all mobile devices, tablets, and portable power banks fully charged well before storm watches or warnings are issued for your location.
2. Protect your gear: Place phones, chargers, and external batteries in waterproof accessories or heavy-duty zip-lock bags to safeguard them against floodwaters or rain.
3. Establish a communication plan: Coordinate a dedicated family emergency plan and save key emergency contact numbers directly to your devices.
4. Check on elderly family members: To ensure their devices are charged and they have an emergency communication plan in place.
5. Secure visual backups: Take photos of your home, vehicle, and valuables for insurance purposes. Ensure these images are uploaded to the cloud so you can access them even if your phone is lost or damaged.
6. Utilize digital resources: Download critical weather tracking, news, and American Red Cross safety apps ahead of time.
7. Mitigate customer disruption: List critical software, equipment, service contracts and vital contacts (utilities, vendors, authorities) needed to maintain operations. Review coverage with your insurance agent to eliminate gaps.
8. Contacts and documents are key: Centralize updated contact info for all staff (including remote and satellite offices) and family members and keep accessible, secure copies of your insurance policies.
9. Keep track of equipment: Maintain an inventory of all corporate hardware deployed to remote employees to streamline claims for potential loss or damage.
10. The right tech makes an impact: Secure the mobile-ready technology and infrastructure needed to maintain business connectivity if you are forced to relocate.
11.  Have a backup plan: Establish a protocol to immediately reroute workloads if remote employees lose power or face evacuation.

Verizon will continue monitoring Tropical Storm Isaias and will provide local network status updates as necessary. Customers can track real-time network status using the Check Network Status tool on Verizon’s website or directly within the My Verizon mobile app.

Visit the Emergency Resource Center for further details on Verizon’s emergency response capabilities.

This announcement was originally published by Verizon. Read the original press release.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $138.2 billion in 2025. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact: 

Liz Gelardi

liz.gelardi@verizon.com

(303) 827-1427

Alonso Castillo Cuevas

alonso.castillo.cuevas@verizon.com

(786) 509-3047

At a glance

• Network Response: Verizon teams are actively staging mobile assets while monitoring conditions 24/7. Ahead of the storm, crews are topping off generators with fuel.
• On-the-ground Support: Members from our Dedicated Impact Response Team (DIRT) are on the ground in Florida and Alabama. The Verizon Frontline Crisis Response Team is also on standby in the area to provide mission-critical communications support to public safety agencies.
• Customer Resources: Verizon offers preparedness tips to help the community stay connected and secure ahead of the storm.
• Satellite Messaging: Verizon customers can maintain essential communications via satellite, allowing compatible phones to send text messages or connect with emergency services.

MOBILE, Ala., Oct. 07, 2026 (GLOBE NEWSWIRE) — As Tropical Storm Isaias, forecast to become the first Atlantic hurricane this season, moves through the Gulf, Verizon’s network team is taking active measures to keep communities, businesses and first responders connected.

Verizon engineers are monitoring the storm 24/7, staging mobile assets and fuel reserves, and actively servicing and topping off permanent generators as Isaias approaches. With all macro cell sites in the region featuring built-in battery power, and nearly all macro sites equipped with permanent back-up generators, Verizon’s Gulf Coast infrastructure is built to withstand extreme weather conditions.

Network Prep in Progress:

• Staging Equipment: Portable generators and mobile assets like Cell on Light Trucks (COLTs), MatSing Equipment on Wheels (MEOWs), and Business Inclusive Satellite Onboard Nomadic (BISON) have been staged across North Florida, Alabama, and Mississippi to rapidly deploy post-storm, if needed.
• Transport Redundancy: Backup microwave assets are prepared to re-direct network traffic if terrestrial fiber lines are impacted.
• Partner Coordination: Verizon teams are collaborating directly with local fuel providers and electric utility companies to support fueling, power restoration and infrastructure recovery.
• Specialized Field Teams: Dedicated Impact Response Team, or DIRT, is an elite-level of network engineers and technicians trained to rapidly restore wireless infrastructure following major emergencies like hurricanes, wildfires, and severe storms. DIRT is stationed on the ground across Florida and Alabama. The Verizon Frontline Crisis Response Team also stands ready to help ensure public safety agencies on the front lines of emergency response operations have the mission-critical communications capabilities they need to achieve their missions.
• Operations: Key regional switch facilities, including Pensacola, are staffed with round-the-clock technical operations teams and volunteers to manage network traffic dynamically.

Satellite when it matters most

In emergency situations where traditional cellular networks are impacted, satellite connections can provide a critical lifeline for Verizon customers. All Verizon customers with compatible devices can send text messages to any other customer device via satellite if terrestrial cellular network service is interrupted, ensuring continued communication with first responders, loved ones, and emergency services.

Verizon encourages customers with compatible satellite-enabled devices (such as iPhone 14 or newer running iOS 18+, Google Pixel 9 or newer or Samsung Galaxy S25 or newer) to test emergency satellite messaging features before the storm makes landfall.

How Residents and Businesses Can Prepare in Advance of a  Hurricane
In addition to preparing your device for satellite messaging, customers are urged to update their personal digital preparedness plans.

1. Charge up early: Keep all mobile devices, tablets, and portable power banks fully charged well before storm watches or warnings are issued for your location.
2. Protect your gear: Place phones, chargers, and external batteries in waterproof accessories or heavy-duty zip-lock bags to safeguard them against floodwaters or rain.
3. Establish a communication plan: Coordinate a dedicated family emergency plan and save key emergency contact numbers directly to your devices.
4. Check on elderly family members: To ensure their devices are charged and they have an emergency communication plan in place.
5. Secure visual backups: Take photos of your home, vehicle, and valuables for insurance purposes. Ensure these images are uploaded to the cloud so you can access them even if your phone is lost or damaged.
6. Utilize digital resources: Download critical weather tracking, news, and American Red Cross safety apps ahead of time.
7. Mitigate customer disruption: List critical software, equipment, service contracts and vital contacts (utilities, vendors, authorities) needed to maintain operations. Review coverage with your insurance agent to eliminate gaps.
8. Contacts and documents are key: Centralize updated contact info for all staff (including remote and satellite offices) and family members and keep accessible, secure copies of your insurance policies.
9. Keep track of equipment: Maintain an inventory of all corporate hardware deployed to remote employees to streamline claims for potential loss or damage.
10. The right tech makes an impact: Secure the mobile-ready technology and infrastructure needed to maintain business connectivity if you are forced to relocate.
11.  Have a backup plan: Establish a protocol to immediately reroute workloads if remote employees lose power or face evacuation.

Verizon will continue monitoring Tropical Storm Isaias and will provide local network status updates as necessary. Customers can track real-time network status using the Check Network Status tool on Verizon’s website or directly within the My Verizon mobile app.

Visit the Emergency Resource Center for further details on Verizon’s emergency response capabilities.

This announcement was originally published by Verizon. Read the original press release.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $138.2 billion in 2025. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact: 

Liz Gelardi

liz.gelardi@verizon.com

(303) 827-1427

Alonso Castillo Cuevas

alonso.castillo.cuevas@verizon.com

(786) 509-3047

NORTH WALES, PA, Oct. 07, 2026 (GLOBE NEWSWIRE) — Toppoint Holdings Inc. (“Toppoint”) (NYSE American: TOPP), a truckload services and solutions provider focused on the recycling export supply chain, today issued the following statement pursuant to Section 401(d) of the NYSE American Company Guide and at the request of the NYSE American, in connection with its unusual trading activity in the Company’s common stock on October 6, 2026 and October 7, 2026:

The Company has conducted internal review and inquiries and confirms that it is not aware of any material, undisclosed corporate developments that would account for the unusual trading activity observed on October 6, 2026 and October 7, 2026.
  
Toppoint will continue to monitor trading activity and will comply with its disclosure obligations under applicable law and NYSE American listing standards. Investors are encouraged to rely only on Toppoint’s official press releases and filings with the U.S. Securities and Exchange Commission for accurate and up-to-date information.

About Toppoint Holdings Inc.

Toppoint Holdings Inc. (NYSE American: TOPP) is a truckload services and solutions provider focused on the recycling export supply chain. The Company is a key player in the New Jersey and Pennsylvania regional trucking market for waste paper, and also transports scrap metal and wooden logs from large waste companies, recycling centers, and commodity traders to the ports of Newark, NJ and Philadelphia, PA. Toppoint additionally provides import transportation services at these ports and has expanded into markets including Tampa, Jacksonville, and Miami, FL; Baltimore, MD; Ensenada, Mexico; and Houston, TX. The Company is incorporated in Nevada and headquartered in North Wales, Pennsylvania.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements regarding the Company’s plans, expectations, expansion strategy, anticipated collections on loan receivables, and financial outlook. Actual results may differ materially from those anticipated due to factors including changes in market conditions, tariff and trade policy developments, commodity price volatility, port congestion, fuel costs, competitive dynamics, the Company’s ability to collect on outstanding loan receivables, liquidity constraints, previously disclosed material weaknesses in internal control over financial reporting, and other risks described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed March 25, 2026 and its Quarterly Report on Form 10-Q for the period ended June 30, 2026. Toppoint undertakes no obligation to update or revise any forward-looking statements except as required by law.

Investor Relations Contact

Toppoint Holdings Inc.
1250 Kenas Road, North Wales, PA 19454
Phone: 551-866-1320
NYSE American: TOPP

NORTH WALES, PA, Oct. 07, 2026 (GLOBE NEWSWIRE) — Toppoint Holdings Inc. (“Toppoint”) (NYSE American: TOPP), a truckload services and solutions provider focused on the recycling export supply chain, today issued the following statement pursuant to Section 401(d) of the NYSE American Company Guide and at the request of the NYSE American, in connection with its unusual trading activity in the Company’s common stock on October 6, 2026 and October 7, 2026:

The Company has conducted internal review and inquiries and confirms that it is not aware of any material, undisclosed corporate developments that would account for the unusual trading activity observed on October 6, 2026 and October 7, 2026.
  
Toppoint will continue to monitor trading activity and will comply with its disclosure obligations under applicable law and NYSE American listing standards. Investors are encouraged to rely only on Toppoint’s official press releases and filings with the U.S. Securities and Exchange Commission for accurate and up-to-date information.

About Toppoint Holdings Inc.

Toppoint Holdings Inc. (NYSE American: TOPP) is a truckload services and solutions provider focused on the recycling export supply chain. The Company is a key player in the New Jersey and Pennsylvania regional trucking market for waste paper, and also transports scrap metal and wooden logs from large waste companies, recycling centers, and commodity traders to the ports of Newark, NJ and Philadelphia, PA. Toppoint additionally provides import transportation services at these ports and has expanded into markets including Tampa, Jacksonville, and Miami, FL; Baltimore, MD; Ensenada, Mexico; and Houston, TX. The Company is incorporated in Nevada and headquartered in North Wales, Pennsylvania.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements regarding the Company’s plans, expectations, expansion strategy, anticipated collections on loan receivables, and financial outlook. Actual results may differ materially from those anticipated due to factors including changes in market conditions, tariff and trade policy developments, commodity price volatility, port congestion, fuel costs, competitive dynamics, the Company’s ability to collect on outstanding loan receivables, liquidity constraints, previously disclosed material weaknesses in internal control over financial reporting, and other risks described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed March 25, 2026 and its Quarterly Report on Form 10-Q for the period ended June 30, 2026. Toppoint undertakes no obligation to update or revise any forward-looking statements except as required by law.

Investor Relations Contact

Toppoint Holdings Inc.
1250 Kenas Road, North Wales, PA 19454
Phone: 551-866-1320
NYSE American: TOPP

TORONTO, Oct. 07, 2026 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) today announced financial results for the third quarter of 2026.

Third Quarter Financial Highlights:

• Bookings: $90.2 million, marking a 75% increase over Q3 2025 and a book-to-bill ratio of 1.41:1
• Backlog: The quarter-end backlog stood at $220.7 million, a 49% rise from the previous year end.
• Revenue: $64.1 million in Q3 2026, a 34.3% increase over Q3 2025.
• Adjusted EBITDA: $15.1 million in Q3 2026, a 96.9% increase from $7.7 million in Q3 2025; Adjusted EBITDA was $40.8 million for the trailing twelve months.
• Net Earnings: $10.0 million in Q3 2026, an increase of $7.2 million from Q3 2025.
• Free Cash Flow: Generated $7.1M in Q3 2026.
• Net Cash: maintained a strong balance sheet with net cash of $3.9 million, including $8.9 million of government loans. Extinguished all commercial loans during Q3 2026 with cash generated from operations.

Business Highlights:

In Q3 2026, the Corporation realized significant value from its ongoing strategic initiatives. FTG is investing its capital in ways that will drive increased shareholder returns for the future in both the near term and long term. The company’s achievements in Q3 2026 demonstrate this commitment, laying a strong foundation for future growth as evidenced by the record financial metrics, bookings and backlog.

• Growing FTG’s defence business: FTG Circuits qualified for two large-scale classified defence programs in 2025. Significant orders have been placed for these programs and deliveries have ramped up, contributing materially to sales and earnings in Q3 2026.
• Operational improvements: Strategic leadership appointments made in 2025 are delivering stronger operating performance and throughput.
• Customer demand: Bookings continued at a record pace and many orders included significant pricing premiums for expedited delivery.
• International diversification: The Corporation recently qualified with new customers in Europe and Australia, further diversifying its customer base and reducing exposure to global tariff risks.
• Opening of FTG Aerospace Hyderabad: In Q3 2026, the Corporation opened its new aerospace facility in Hyderabad, India. The new footprint in India reduces the Corporation’s exposure to U.S. tariff risk and provides access to India’s emerging domestic aerospace and defence market.
• FTG Circuits Toronto union agreement: In Q3 2026, a new four-year collective agreement with represented employees at the Corporation’s Circuits Toronto facility was negotiated and ratified. The agreement expires in July 2030.
• Appointment of new auditor: In Q3 2026, the Corporation appointed Deloitte LLP as its new external auditor.

Third Quarter Financial Summary:

(in thousands of dollars except per share amounts)	Q3 2026	Q3 2025	YTD Q3 2026	YTD Q3 2025
Sales	64,096	47,737	164,135	139,340
Gross Margin	27,492	14,486	61,302	44,800
Gross Margin (%)	42.9%	30.3%	37.3%	32.2%
Adjusted EBITDA(1)	15,126	7,683	32,885	24,761
Adjusted Net Earnings(1)	10,290	2,994	18,899	9,815
Free Cash Flow(1)	7,054	4,632	14,633	7,326
Adjusted Earnings Per Share (Basic)	0.41	0.12	0.75	0.39

(1) Measures not recognized under International Financial Reporting Standards (“IFRS”). Management believes that these measures are important to many of the Corporation’s shareholders, creditors and other stakeholders. The Corporation’s method of calculating these non-IFRS measures may differ from other corporations and accordingly may not be comparable to measures used by other corporations. See Management’s Discussion and Analysis for reconciliations of non-IFRS measures.

Operational Analysis:

(in thousands of dollars except per share amounts)	Q3 2026	Q3 2025	YTD Q3 2026	YTD Q3 2025
Revenue:
Circuits	45,096	32,148	110,486	94,503
Aerospace	19,838	16,781	56,065	47,788
Corporate and eliminations	(838)	(1,192)	(2,416)	(2,951)
Total revenue	64,096	47,737	164,135	139,340
Adjusted EBITDA(1):
Circuits	10,689	5,378	21,935	17,438
Aerospace	3,971	2,062	9,723	6,821
Corporate and eliminations	466	243	1,227	502
Total Adjusted EBITDA(1)	15,126	7,683	32,885	24,761
Adjusted Net Earnings(1):
Circuits	7,616	2,276	12,819	7,675
Aerospace	2,756	895	6,717	2,994
Corporate and eliminations	(82)	(177)	(637)	(854)
Total Adjusted Net Earnings(1)	10,290	2,994	18,899	9,815

(1) Measures not recognized under International Financial Reporting Standards (“IFRS”). Management believes that these measures are important to many of the Corporation’s shareholders, creditors and other stakeholders. The Corporation’s method of calculating these non-IFRS measures may differ from other corporations and accordingly may not be comparable to measures used by other corporations. See Management’s Discussion and Analysis for reconciliations of non-IFRS measures.

FTG Circuits

Revenue for Q3 2026 was $45.1 million, an increase of $12.9 million or 40.3% compared to Q3 2025. The revenue increased primarily due to operational improvements at several U.S. sites, short-term pricing premiums and $0.9 million driven by favourable exchange rates. As a result of the factors noted above, adjusted net earnings for Q3 2026 increased by $5.3 million to $7.6 million, compared to Q3 2025.

Revenue for the year-to-date period of 2026 was $110.5 million, an increase of $16.0 million or 16.9% as compared to 2025 due to organic growth including short-term pricing premiums offset by $1.8 million of unfavourable foreign exchange rates.

FTG Aerospace

Revenue for Q3 2026 was $19.8 million, an increase of $3.0 million or 18.2% compared to Q3 2025. The increase is driven by $2.2 million of organic growth, $0.5 million of a contract cancellation charge and $0.3 million of favourable foreign exchange variance. Adjusted net earnings for Q3 2026 were $2.8 million, an increase of $1.9 million compared to Q3 2025 due to the above factors and operational improvements.

Revenue for the year-to-date period of 2026 was $56.1 million, an increase of $8.3 million or 17.3% as compared to 2025. Organic growth contributed $8.9 million offset by $0.6 million due to unfavourable foreign exchange rates compared to 2025.

CEO Commentary:

“Q3 2026 was an exceptional quarter for FTG,” stated Brad Bourne, President and CEO of FTG. “We exceeded the record financial performances just set last quarter and we saw continued operational improvements at many Circuits and Aerospace sites. The many strategic initiatives in 2025 have positioned us well to capture significant value from the current industry tailwinds. As we celebrate our success, we continue to see robust end-market demand with record bookings and backlog and remain focused on delivering long-term value to our shareholders.”

Adjusted Net Earnings and EPS: 

(in thousands of dollars except per share amounts)	Q3 2026	Q3 2025	YTD Q3 2026	YTD Q3 2025	Trailing 12 Months
Net earnings to equity holders of FTG	10,000	2,768	18,520	9,415	22,182
Add back:
Acquisition expenses	–	–	–	107	–
India startup cost	290	44	397	169	433
Restructuring cost	–	212	–	212	–
Income taxes related to the above items	–	(30)	(18)	(88)	(27)
Adjusted net earnings(1)	10,290	2,994	18,899	9,815	22,588
% of net sales	16.1%	6.3%	11.5%	7.0%	10.5%
Weighted average number of common shares	25,173,390	25,173,390	25,173,390	25,088,081	25,088,081
Adjusted Earnings Per Share (Basic)	0.41	0.12	0.75	0.39	0.90

(1) Measures not recognized under International Financial Reporting Standards (“IFRS”). Management believes that these measures are important to many of the Corporation’s shareholders, creditors and other stakeholders. The Corporation’s method of calculating these non-IFRS measures may differ from other corporations and accordingly may not be comparable to measures used by other corporations. See Management’s Discussion and Analysis for reconciliations of non-IFRS measures.

Adjusted EBITDA:

(in thousands of dollars except per share amounts)	Q3 2026	Q3 2025	YTD Q3 2026	YTD Q3 2025	Trailing 12 Months
Net earnings to equity holders of FTG	10,000	2,768	18,520	9,415	22,182
Add back:
Finance costs	543	755	1,796	2,110	2,424
Income tax expense	1,395	1,232	3,305	4,416	4,010
Depreciation and amortization	2,696	2,536	8,257	7,799	11,017
EBITDA(1)	14,634	7,291	31,878	23,740	39,633
% of net sales	22.8%	15.3%	19.4%	17.0%	18.4%
Add back:
Stock based compensation	202	136	610	533	736
India startup cost	290	44	397	169	433
Restructuring cost	–	212	–	212	–
Adjusted EBITDA(1)	15,126	7,683	32,885	24,761	40,802
% of net sales	23.6%	16.1%	20.0%	17.8%	18.9%

(1) Measures not recognized under International Financial Reporting Standards (“IFRS”). Management believes that these measures are important to many of the Corporation’s shareholders, creditors and other stakeholders. The Corporation’s method of calculating these non-IFRS measures may differ from other corporations and accordingly may not be comparable to measures used by other corporations. See Management’s Discussion and Analysis for reconciliations of non-IFRS measures.

About Firan Technology Group Corporation:

FTG is an aerospace and defence electronics product and subsystem supplier to customers around the globe. FTG has two operating units:

FTG Circuits is a manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation and defence industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts and a joint venture in Tianjin, China.

FTG Aerospace designs, certifies, manufactures and provides in-service support for illuminated cockpit products, electronic assemblies and avionics products for original equipment manufacturers and operators of aerospace and defence equipment. FTG Aerospace has operations in Toronto, Ontario, Calgary, Alberta, Chatsworth, California, Tianjin, China and Hyderabad, India.

The Corporation’s shares are traded on the Toronto Stock Exchange under the symbol FTG, and on the OTCQX Exchange under the symbol FTGFF.

Conference Call Details:

FTG will host a live conference call on Thursday, October 8, 2026, at 8:30 am (Eastern) to discuss the financial results. The call will be chaired by Mr. Brad Bourne, President and CEO of FTG. Participants can join the call by dialing 1-289-514-5100 or 1-800-717-1738, Conference ID 96492. A replay of the call will be available until November 13, 2026, and can be accessed by calling 1-289-819-1325 or 1-800-660-6264, Playback Passcode 96492#. The replay will also be available on the FTG website at www.ftgcorp.com.

Forward-Looking Statements:

Certain statements in this press release other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect the current expectations of FTG. These statements include without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of FTG, as well as the outlook for North American and international economies, for the current fiscal year and subsequent periods. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “considers”, “intends”, “targets”, “projects”, “forecasts” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. Forward-looking statements are provided for the purpose of conveying information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes.

For further information please contact:

• Bradley C. Bourne, President and CEO
  Tel: (416) 299-4000 x314
  bradbourne@ftgcorp.com
• Drew Knight, Executive Vice President, CFO, and Corporate Secretary
  Tel: (416) 299-4000 x264
  drewknight@ftgcorp.com

Head Office: 250 Finchdene Square, Toronto, Ontario, M1X 1A5

Additional information can be found at the Corporation’s website www.ftgcorp.com.

TORONTO, Oct. 07, 2026 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) today announced financial results for the third quarter of 2026.

Third Quarter Financial Highlights:

• Bookings: $90.2 million, marking a 75% increase over Q3 2025 and a book-to-bill ratio of 1.41:1
• Backlog: The quarter-end backlog stood at $220.7 million, a 49% rise from the previous year end.
• Revenue: $64.1 million in Q3 2026, a 34.3% increase over Q3 2025.
• Adjusted EBITDA: $15.1 million in Q3 2026, a 96.9% increase from $7.7 million in Q3 2025; Adjusted EBITDA was $40.8 million for the trailing twelve months.
• Net Earnings: $10.0 million in Q3 2026, an increase of $7.2 million from Q3 2025.
• Free Cash Flow: Generated $7.1M in Q3 2026.
• Net Cash: maintained a strong balance sheet with net cash of $3.9 million, including $8.9 million of government loans. Extinguished all commercial loans during Q3 2026 with cash generated from operations.

Business Highlights:

In Q3 2026, the Corporation realized significant value from its ongoing strategic initiatives. FTG is investing its capital in ways that will drive increased shareholder returns for the future in both the near term and long term. The company’s achievements in Q3 2026 demonstrate this commitment, laying a strong foundation for future growth as evidenced by the record financial metrics, bookings and backlog.

• Growing FTG’s defence business: FTG Circuits qualified for two large-scale classified defence programs in 2025. Significant orders have been placed for these programs and deliveries have ramped up, contributing materially to sales and earnings in Q3 2026.
• Operational improvements: Strategic leadership appointments made in 2025 are delivering stronger operating performance and throughput.
• Customer demand: Bookings continued at a record pace and many orders included significant pricing premiums for expedited delivery.
• International diversification: The Corporation recently qualified with new customers in Europe and Australia, further diversifying its customer base and reducing exposure to global tariff risks.
• Opening of FTG Aerospace Hyderabad: In Q3 2026, the Corporation opened its new aerospace facility in Hyderabad, India. The new footprint in India reduces the Corporation’s exposure to U.S. tariff risk and provides access to India’s emerging domestic aerospace and defence market.
• FTG Circuits Toronto union agreement: In Q3 2026, a new four-year collective agreement with represented employees at the Corporation’s Circuits Toronto facility was negotiated and ratified. The agreement expires in July 2030.
• Appointment of new auditor: In Q3 2026, the Corporation appointed Deloitte LLP as its new external auditor.

Third Quarter Financial Summary:

(in thousands of dollars except per share amounts)	Q3 2026	Q3 2025	YTD Q3 2026	YTD Q3 2025
Sales	64,096	47,737	164,135	139,340
Gross Margin	27,492	14,486	61,302	44,800
Gross Margin (%)	42.9%	30.3%	37.3%	32.2%
Adjusted EBITDA(1)	15,126	7,683	32,885	24,761
Adjusted Net Earnings(1)	10,290	2,994	18,899	9,815
Free Cash Flow(1)	7,054	4,632	14,633	7,326
Adjusted Earnings Per Share (Basic)	0.41	0.12	0.75	0.39

(1) Measures not recognized under International Financial Reporting Standards (“IFRS”). Management believes that these measures are important to many of the Corporation’s shareholders, creditors and other stakeholders. The Corporation’s method of calculating these non-IFRS measures may differ from other corporations and accordingly may not be comparable to measures used by other corporations. See Management’s Discussion and Analysis for reconciliations of non-IFRS measures.

Operational Analysis:

(in thousands of dollars except per share amounts)	Q3 2026	Q3 2025	YTD Q3 2026	YTD Q3 2025
Revenue:
Circuits	45,096	32,148	110,486	94,503
Aerospace	19,838	16,781	56,065	47,788
Corporate and eliminations	(838)	(1,192)	(2,416)	(2,951)
Total revenue	64,096	47,737	164,135	139,340
Adjusted EBITDA(1):
Circuits	10,689	5,378	21,935	17,438
Aerospace	3,971	2,062	9,723	6,821
Corporate and eliminations	466	243	1,227	502
Total Adjusted EBITDA(1)	15,126	7,683	32,885	24,761
Adjusted Net Earnings(1):
Circuits	7,616	2,276	12,819	7,675
Aerospace	2,756	895	6,717	2,994
Corporate and eliminations	(82)	(177)	(637)	(854)
Total Adjusted Net Earnings(1)	10,290	2,994	18,899	9,815

(1) Measures not recognized under International Financial Reporting Standards (“IFRS”). Management believes that these measures are important to many of the Corporation’s shareholders, creditors and other stakeholders. The Corporation’s method of calculating these non-IFRS measures may differ from other corporations and accordingly may not be comparable to measures used by other corporations. See Management’s Discussion and Analysis for reconciliations of non-IFRS measures.

FTG Circuits

Revenue for Q3 2026 was $45.1 million, an increase of $12.9 million or 40.3% compared to Q3 2025. The revenue increased primarily due to operational improvements at several U.S. sites, short-term pricing premiums and $0.9 million driven by favourable exchange rates. As a result of the factors noted above, adjusted net earnings for Q3 2026 increased by $5.3 million to $7.6 million, compared to Q3 2025.

Revenue for the year-to-date period of 2026 was $110.5 million, an increase of $16.0 million or 16.9% as compared to 2025 due to organic growth including short-term pricing premiums offset by $1.8 million of unfavourable foreign exchange rates.

FTG Aerospace

Revenue for Q3 2026 was $19.8 million, an increase of $3.0 million or 18.2% compared to Q3 2025. The increase is driven by $2.2 million of organic growth, $0.5 million of a contract cancellation charge and $0.3 million of favourable foreign exchange variance. Adjusted net earnings for Q3 2026 were $2.8 million, an increase of $1.9 million compared to Q3 2025 due to the above factors and operational improvements.

Revenue for the year-to-date period of 2026 was $56.1 million, an increase of $8.3 million or 17.3% as compared to 2025. Organic growth contributed $8.9 million offset by $0.6 million due to unfavourable foreign exchange rates compared to 2025.

CEO Commentary:

“Q3 2026 was an exceptional quarter for FTG,” stated Brad Bourne, President and CEO of FTG. “We exceeded the record financial performances just set last quarter and we saw continued operational improvements at many Circuits and Aerospace sites. The many strategic initiatives in 2025 have positioned us well to capture significant value from the current industry tailwinds. As we celebrate our success, we continue to see robust end-market demand with record bookings and backlog and remain focused on delivering long-term value to our shareholders.”

Adjusted Net Earnings and EPS: 

(in thousands of dollars except per share amounts)	Q3 2026	Q3 2025	YTD Q3 2026	YTD Q3 2025	Trailing 12 Months
Net earnings to equity holders of FTG	10,000	2,768	18,520	9,415	22,182
Add back:
Acquisition expenses	–	–	–	107	–
India startup cost	290	44	397	169	433
Restructuring cost	–	212	–	212	–
Income taxes related to the above items	–	(30)	(18)	(88)	(27)
Adjusted net earnings(1)	10,290	2,994	18,899	9,815	22,588
% of net sales	16.1%	6.3%	11.5%	7.0%	10.5%
Weighted average number of common shares	25,173,390	25,173,390	25,173,390	25,088,081	25,088,081
Adjusted Earnings Per Share (Basic)	0.41	0.12	0.75	0.39	0.90

(1) Measures not recognized under International Financial Reporting Standards (“IFRS”). Management believes that these measures are important to many of the Corporation’s shareholders, creditors and other stakeholders. The Corporation’s method of calculating these non-IFRS measures may differ from other corporations and accordingly may not be comparable to measures used by other corporations. See Management’s Discussion and Analysis for reconciliations of non-IFRS measures.

Adjusted EBITDA:

(in thousands of dollars except per share amounts)	Q3 2026	Q3 2025	YTD Q3 2026	YTD Q3 2025	Trailing 12 Months
Net earnings to equity holders of FTG	10,000	2,768	18,520	9,415	22,182
Add back:
Finance costs	543	755	1,796	2,110	2,424
Income tax expense	1,395	1,232	3,305	4,416	4,010
Depreciation and amortization	2,696	2,536	8,257	7,799	11,017
EBITDA(1)	14,634	7,291	31,878	23,740	39,633
% of net sales	22.8%	15.3%	19.4%	17.0%	18.4%
Add back:
Stock based compensation	202	136	610	533	736
India startup cost	290	44	397	169	433
Restructuring cost	–	212	–	212	–
Adjusted EBITDA(1)	15,126	7,683	32,885	24,761	40,802
% of net sales	23.6%	16.1%	20.0%	17.8%	18.9%

(1) Measures not recognized under International Financial Reporting Standards (“IFRS”). Management believes that these measures are important to many of the Corporation’s shareholders, creditors and other stakeholders. The Corporation’s method of calculating these non-IFRS measures may differ from other corporations and accordingly may not be comparable to measures used by other corporations. See Management’s Discussion and Analysis for reconciliations of non-IFRS measures.

About Firan Technology Group Corporation:

FTG is an aerospace and defence electronics product and subsystem supplier to customers around the globe. FTG has two operating units:

FTG Circuits is a manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation and defence industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts and a joint venture in Tianjin, China.

FTG Aerospace designs, certifies, manufactures and provides in-service support for illuminated cockpit products, electronic assemblies and avionics products for original equipment manufacturers and operators of aerospace and defence equipment. FTG Aerospace has operations in Toronto, Ontario, Calgary, Alberta, Chatsworth, California, Tianjin, China and Hyderabad, India.

The Corporation’s shares are traded on the Toronto Stock Exchange under the symbol FTG, and on the OTCQX Exchange under the symbol FTGFF.

Conference Call Details:

FTG will host a live conference call on Thursday, October 8, 2026, at 8:30 am (Eastern) to discuss the financial results. The call will be chaired by Mr. Brad Bourne, President and CEO of FTG. Participants can join the call by dialing 1-289-514-5100 or 1-800-717-1738, Conference ID 96492. A replay of the call will be available until November 13, 2026, and can be accessed by calling 1-289-819-1325 or 1-800-660-6264, Playback Passcode 96492#. The replay will also be available on the FTG website at www.ftgcorp.com.

Forward-Looking Statements:

Certain statements in this press release other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect the current expectations of FTG. These statements include without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of FTG, as well as the outlook for North American and international economies, for the current fiscal year and subsequent periods. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “considers”, “intends”, “targets”, “projects”, “forecasts” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. Forward-looking statements are provided for the purpose of conveying information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes.

For further information please contact:

• Bradley C. Bourne, President and CEO
  Tel: (416) 299-4000 x314
  bradbourne@ftgcorp.com
• Drew Knight, Executive Vice President, CFO, and Corporate Secretary
  Tel: (416) 299-4000 x264
  drewknight@ftgcorp.com

Head Office: 250 Finchdene Square, Toronto, Ontario, M1X 1A5

Additional information can be found at the Corporation’s website www.ftgcorp.com.

SINGAPORE and NEW YORK, Oct. 07, 2026 (GLOBE NEWSWIRE) — GOWell Energy Technology (“GOWell” or the “Company”), a global one-stop-shop for innovative well logging solutions in the energy sector, will host a First Half 2026 Financial Results & Corporate Update Webinar on Wednesday, October 21, 2026 at 10:00 a.m. ET. The webinar will include a formal presentation and Q&A session with management, including GOWell’s CEO Guillaume Borrel, CFO Mike Reed and VP of Corporate Development David MacNeill.

To register for this webinar, please use the registration link found here. Additionally, for those unable to listen to the live webcast, a recording will be available following the live event on GOWell’s website at www.gowell.energy.

This webinar will include commentary from the GOWell management team, with discussions focused on financial results for the first half of 2026, operational strategy and outlook.

This webinar follows the completion of GOWell’s business combination with Inflection Point Acquisition Corp. V, a special purpose acquisition company, on September 25, 2026, and the commencement of trading on the Nasdaq under the ticker “GOW” on September 28, 2026.

About GOWell Energy Technology
GOWell Energy Technology is an international company that provides a wide range of innovative well logging technologies and distributed sensing solutions for energy companies globally. The Company maintains a multi-disciplinary research and development team with a robust patent portfolio of technology aimed to solve complex industry challenges. GOWell’s solutions can be applied to a wide range of wells from traditional energy to energy transition. The Company has a global, diverse customer base with long-term relationships with the key major oil service companies and operators in the energy sector. Headquartered in Singapore, GOWell has a global manufacturing and procurement network, with regional hubs in the United States and UAE in addition to regional operations that cover more than 50 countries.

For more information about GOWell Energy Technology, visit https://www.gowell.energy/.

Forward Looking Statements
This press release includes or may include “forward-looking statements” regarding, among other things, the plans, strategies and prospects, both business and financial, of GOWell Energy Technology and its subsidiaries. These statements are based on the beliefs and assumptions of the management of the Company. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, the Company cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “predicts,” “projects,” “forecasts,” “may,” “might,” “will,” “could,” “should,” “would,” “seeks,” “plans,” “scheduled,” “possible,” “continue,” “potential,” “anticipates” or “intends” or similar expressions; provided that the absence of these does not means that a statement is not forward-looking. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and our actual results could differ materially from those anticipated in these forward-looking statements.

Important factors that could cause actual results to differ materially from those discussed in the forward-looking statements include: general economic, political and business conditions; the outcome of any legal proceedings that may be instituted against the Company or its subsidiaries; the Company’s capitalization and the market value of its securities following the consummation of the Business Combination; the ability of GOWell to issue equity, equity-linked or other securities in the future; the ability of the Company to realize the anticipated benefits of the Business Combination; the risks related to the rollout of GOWell’s business and the timing of expected business milestones; the ability of GOWell to execute its growth strategy, manage growth profitably and retain its key employees; the ability of GOWell to maintain the listing of its securities on the Nasdaq Stock Market LLC following the Business Combination; and other risks and uncertainties indicated in the Proxy Statement/Prospectus and in GOWell’s filings with the Securities and Exchange Commission. Undue reliance should not be placed upon the forward-looking statements.

These forward-looking statements are made only as of the date of this press release. The Company does not undertake any obligation to publicly update or revise any forward-looking statement contained in this press release, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Investor Relations Contact:
Gateway Group
Georg Venturatos, Patrick Hall
949-574-3860
GOWell@gateway-grp.com

Media Relations Contact:
Gateway Group
Zach Kadletz, Ryan Deloney
949-574-3860
GOWell@gateway-grp.com