50% owned joint venture awarded NOK 1.94 billion Enova grant for floating offshore wind project

BW Offshore is pleased to announce that Fram Wind Solutions AS, a joint venture between BW Offshore, Grieg Kapital and Fram Green Technology, has received formal confirmation of a NOK 1.94 billion grant from Enova.

The grant supports a project based on two 18.5 MW floating wind turbines, the largest in the world, with a combined capacity of 37 MW, using BW Ideol’s patented Damping Pool floating foundation.

“The Enova grant is a strong endorsement of our floating wind solution. It will enable us to deploy BW Ideol’s technology on the next generation of turbines and move floating offshore wind to commercial scale. Our cooperation with the Grieg Group and Fram Marine has been key to securing this award,” says Marco Beenen, CEO of BW Offshore.

The Damping Pool floating foundations are already in operation offshore. The 30 MW EolMed floating wind farm in France has been generating electricity since May 2026, with all three 10 MW turbines installed on BW Ideol’s patented foundations.

The new project applies the floating technology to the largest turbine class the market is moving towards, aiming to lower costs and confirm commercial viability, an important step towards large-scale floating wind developments.

The grant is subject to the project reaching final investment decision (FID), securing financing and entering into key supplier agreements within 24 months of the award of the grant.

Fram Wind Solutions is owned by BW Offshore (50%), Grieg Kapital (35%) and Fram Green Technology (15%).

Enova is a state enterprise owned by the Norwegian Ministry of Climate and Environment, with the purpose to contribute to meeting Norway’s climate commitments and to promote effective climate and energy transition measures.

For further information, please contact:
Ståle Andreassen, CFO, +47 91 71 86 55
IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs and floating wind solutions. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets worldwide. BW Offshore has around 900 employees and is publicly listed on the Oslo stock exchange.

Launching exclusively for Icon members, an extraordinary edit of designer bags celebrates the joy of discovery, the freedom to experiment and the endless possibilities of personal style

NEW YORK, Nov. 02, 2026 (GLOBE NEWSWIRE) — Rent the Runway, Inc. (“Rent the Runway”) (NASDAQ: RENT) today announced the launch of its new luxury handbag collection, introducing an elevated assortment of fashion’s most coveted accessories and an entirely new way for members to experience them. Launching exclusively for Icon members, the company’s most loyal customers, the collection brings together enduring iconic shapes, modern favorites and unexpected statement pieces, all available to rent.

Handbags have long been part of the Rent the Runway wardrobe. Today’s launch marks a significant evolution of that offering, bringing a new level of luxury, curation and discovery to the platform.

Since its founding, Rent the Runway has championed a simple but transformative idea: that extraordinary fashion should be experienced and enjoyed, not defined by ownership. What began with occasion wear has grown into a wardrobe destination for every moment of a woman’s life, from the everyday to the extraordinary. The introduction of luxury bags builds on that vision, inviting members to explore some of fashion’s most celebrated accessories with the freedom to change, experiment and discover something new.

“A remarkable handbag can transform a look and become a powerful expression of personal style,” said Paige Thomas, CEO of Rent the Runway. “We’ve always believed in giving women the freedom to experience extraordinary fashion in new ways. Our members have been asking for a more elevated luxury offering, and we’re thrilled to bring this collection to our Icon members first. It’s an exciting next chapter in how we continue to evolve with our customers and inspire their love of fashion.”

An Extraordinary Edit of Fashion’s Most Coveted Handbags

There are handbags that become enduring symbols of craftsmanship and design, transcending seasons and trends. Others capture the spirit of a particular fashion moment. The most compelling wardrobes make room for both.

Curated by Rent the Runway’s experienced merchandising team, the inaugural collection features hundreds of styles from more than 20 designer brands, thoughtfully bringing together iconic silhouettes, modern interpretations and unexpected discoveries.

From beautifully structured top-handle bags and relaxed shoulder silhouettes to polished everyday totes and standout evening clutches, the assortment strikes a balance between timeless and directional, understated and expressive, polished and effortless.

Each handbag has been chosen for its distinctive design, desirability and versatility, with styles to accompany everything from an important meeting or weekend away to a special celebration or spontaneous night out.

The collection brings together exceptional new, pre-loved and vintage pieces sourced through established luxury and resale channels, celebrating the enduring appeal of great design and the opportunity for beautifully crafted handbags to be enjoyed again and again.

“Our ambition was to create an extraordinary edit of fashion’s most coveted handbags, bringing together enduring icons of craftsmanship and design, modern silhouettes, and unexpected statement pieces,” said Sarah Tam, Chief Merchant of Rent the Runway. “Every piece was selected with intention, striking a balance between timeless and directional, understated and expressive. What makes rental so exciting is the freedom to explore different sides of your personal style, something beautifully classic one month and something bold and unexpected the next. It makes luxury feel less about permanence and more about possibility.”

The Experience

Beginning November 2, eligible Icon members will receive exclusive access to the luxury handbag collection through a dedicated experience on Rent the Runway’s website and app.

  • Exclusive Icon access: Icon members can explore the curated collection and rent a luxury handbag for 30 days at a time, with pricing varying by style.
  • Authentication and quality: Rent the Runway sources handbags directly from brands and respected third-party sellers of new, pre-loved and vintage bags. RTR is working with leading third-party authentication providers for additional verification and between-rental checks.
  • Rental protection: Normal wear and tear is covered under RTR’s existing rental policies, while members remain responsible for loss or damage beyond normal use.

Every Icon Needs an Iconic Bag

To celebrate the launch, Rent the Runway introduces Every Icon Needs an Iconic Bag, a campaign inspired by the idea that personal style is one of the most powerful forms of self-expression.

Featuring fashion writer and creator Larissa Mills, lifestyle creator Laura Jung, and fashion creator and editor Monroe Steele, the campaign brings together three distinctive perspectives on what it means to be an icon.

Through their individual Icon Codes, each woman reflects on the qualities that define her approach to fashion, from individuality and reinvention to confidence and possibility, revealing how an extraordinary handbag can express a different side of who we are.

Together, their stories celebrate the many ways women define their own style and the freedom to embrace something unexpected.

Availability

Rent the Runway’s luxury handbag collection launches as a pilot November 2, 2026, exclusively for eligible Icon members at renttherunway.com and through the Rent the Runway app.

All active subscribers and new customers can join the waitlist beginning November 2 as RTR explores expanding access in the future.

About Rent the Runway

Founded in 2009, Rent the Runway is disrupting the trillion-dollar fashion industry and changing the way women get dressed through the Closet in the Cloud. RTR’s mission has remained the same since its founding: powering women to feel their best every day. Through RTR, customers can subscribe, rent items a-la-carte and shop resale from hundreds of designer brands. The Closet in the Cloud offers a wide assortment of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear and ski wear

RTR has built a two-sided discovery engine connecting deeply engaged customers and differentiated brand partners on a platform powered by its brand, data, logistics and technology. RTR has been named to CNBC’s Disruptor 50 five times in ten years and has appeared on Fast Company’s Most Innovative Companies list four times.

For Press Inquiries:

AZIONE for Rent the Runway
Rachel Sweet, Vice President
rachel@azionepr.com | RTR@azionepr.com

Stockholm, 2nd of November 2026 – Virtune today announces the completion of the monthly rebalancing for the Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.

In addition to the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio includes:

Virtune Bitcoin ETP
Virtune Stellar ETP
Virtune Staked Ethereum ETP
Virtune Staked Solana ETP
Virtune Staked Polkadot ETP
Virtune XRP ETP
Virtune Avalanche ETP
Virtune Litecoin ETP
Virtune Chainlink ETP
Virtune Arbitrum ETP
Virtune Staked Polygon ETP
Virtune Staked Cardano ETP
Virtune Crypto Altcoin Index ETP
Virtune Bitcoin Prime ETP
Virtune Coinbase 50 Index ETP
Virtune Staked Near ETP
Virtune Sui ETP
Virtune Stablecoin ETP
Virtune Bittensor ETP
Virtune BNB ETP
Virtune Hyperliquid ETP

Index allocation as of 30th of October (before rebalancing):

Bitcoin: 41.88%
Ethereum: 28.93%
BNB: 9.89%
XRP: 8.33%
Solana: 5.90%
Hyperliquid: 2.18%
Chainlink: 0.88%
Cardano: 0.75%
Stellar: 0.63%
Bitcoin Cash: 0.62%

Index allocation as of 30th of October (after rebalancing):

Bitcoin: 40.00%
Ethereum: 30.36%
BNB: 9.84%
XRP: 8.67%
Solana: 6.33%
Hyperliquid: 1.80%
Chainlink: 0.93%
Cardano: 0.83%
Stellar: 0.65%
Bitcoin Cash: 0.58%

No crypto assets entered or exited the index in the November 2026 rebalancing.

The performance of the Virtune Crypto Top 10 Index ETP SEK for October 2026 was -12.28%.
 
The rebalancing is carried out according to the index that the ETP tracks, the Virtune Crypto Top 10 Index. The purpose of the monthly rebalancing is to ensure that the ETP always reflects the current market conditions and to effectively absorb volatility in the crypto market.

Virtune’s crypto index ETP is the first of its kind in the Nordic region. The ETP includes up to 10 leading crypto assets and are based on their total market capitalization, with a maximum weight of 40% per crypto asset to promote diversification. This allows investors to benefit from broad exposure to the crypto market without being heavily concentrated in any single crypto asset.

If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

Press contact
Christopher Kock, CEO Virtune AB (Publ)
Christopher@virtune.com
+46 70 073 45 64

Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

Stockholm, 2nd of November 2026 – Virtune today announces the completion of the monthly rebalancing for the Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.

In addition to the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio includes:

Virtune Bitcoin ETP
Virtune Stellar ETP
Virtune Staked Ethereum ETP
Virtune Staked Solana ETP
Virtune Staked Polkadot ETP
Virtune XRP ETP
Virtune Avalanche ETP
Virtune Litecoin ETP
Virtune Chainlink ETP
Virtune Arbitrum ETP
Virtune Staked Polygon ETP
Virtune Staked Cardano ETP
Virtune Crypto Altcoin Index ETP
Virtune Bitcoin Prime ETP
Virtune Coinbase 50 Index ETP
Virtune Staked Near ETP
Virtune Sui ETP
Virtune Stablecoin ETP
Virtune Bittensor ETP
Virtune BNB ETP
Virtune Hyperliquid ETP

Index allocation as of 30th of October (before rebalancing):

Bitcoin: 41.88%
Ethereum: 28.93%
BNB: 9.89%
XRP: 8.33%
Solana: 5.90%
Hyperliquid: 2.18%
Chainlink: 0.88%
Cardano: 0.75%
Stellar: 0.63%
Bitcoin Cash: 0.62%

Index allocation as of 30th of October (after rebalancing):

Bitcoin: 40.00%
Ethereum: 30.36%
BNB: 9.84%
XRP: 8.67%
Solana: 6.33%
Hyperliquid: 1.80%
Chainlink: 0.93%
Cardano: 0.83%
Stellar: 0.65%
Bitcoin Cash: 0.58%

No crypto assets entered or exited the index in the November 2026 rebalancing.

The performance of the Virtune Crypto Top 10 Index ETP SEK for October 2026 was -12.28%.
 
The rebalancing is carried out according to the index that the ETP tracks, the Virtune Crypto Top 10 Index. The purpose of the monthly rebalancing is to ensure that the ETP always reflects the current market conditions and to effectively absorb volatility in the crypto market.

Virtune’s crypto index ETP is the first of its kind in the Nordic region. The ETP includes up to 10 leading crypto assets and are based on their total market capitalization, with a maximum weight of 40% per crypto asset to promote diversification. This allows investors to benefit from broad exposure to the crypto market without being heavily concentrated in any single crypto asset.

If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

Press contact
Christopher Kock, CEO Virtune AB (Publ)
Christopher@virtune.com
+46 70 073 45 64

Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

Stockholm, 2nd of November 2026 – Virtune today announces the completion of the monthly rebalancing for the Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.

In addition to the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio includes:

Virtune Bitcoin ETP
Virtune Stellar ETP
Virtune Staked Ethereum ETP
Virtune Staked Solana ETP
Virtune Staked Polkadot ETP
Virtune XRP ETP
Virtune Avalanche ETP
Virtune Litecoin ETP
Virtune Chainlink ETP
Virtune Arbitrum ETP
Virtune Staked Polygon ETP
Virtune Staked Cardano ETP
Virtune Crypto Altcoin Index ETP
Virtune Bitcoin Prime ETP
Virtune Coinbase 50 Index ETP
Virtune Staked Near ETP
Virtune Sui ETP
Virtune Stablecoin ETP
Virtune Bittensor ETP
Virtune BNB ETP
Virtune Hyperliquid ETP

Index allocation as of 30th of October (before rebalancing):

Bitcoin: 41.88%
Ethereum: 28.93%
BNB: 9.89%
XRP: 8.33%
Solana: 5.90%
Hyperliquid: 2.18%
Chainlink: 0.88%
Cardano: 0.75%
Stellar: 0.63%
Bitcoin Cash: 0.62%

Index allocation as of 30th of October (after rebalancing):

Bitcoin: 40.00%
Ethereum: 30.36%
BNB: 9.84%
XRP: 8.67%
Solana: 6.33%
Hyperliquid: 1.80%
Chainlink: 0.93%
Cardano: 0.83%
Stellar: 0.65%
Bitcoin Cash: 0.58%

No crypto assets entered or exited the index in the November 2026 rebalancing.

The performance of the Virtune Crypto Top 10 Index ETP SEK for October 2026 was -12.28%.
 
The rebalancing is carried out according to the index that the ETP tracks, the Virtune Crypto Top 10 Index. The purpose of the monthly rebalancing is to ensure that the ETP always reflects the current market conditions and to effectively absorb volatility in the crypto market.

Virtune’s crypto index ETP is the first of its kind in the Nordic region. The ETP includes up to 10 leading crypto assets and are based on their total market capitalization, with a maximum weight of 40% per crypto asset to promote diversification. This allows investors to benefit from broad exposure to the crypto market without being heavily concentrated in any single crypto asset.

If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

Press contact
Christopher Kock, CEO Virtune AB (Publ)
Christopher@virtune.com
+46 70 073 45 64

Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

COMPANY ANNOUNCEMENT NO 56/2026 – November 2, 2026

On August 17, 2026, Royal Unibrew announced a share buy-back program, cf. company announcement no. 44/2026.

The share buy-back program will be executed under EU Commission Regulation No. 596/2014 of the European Parliament and Council of April 16, 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 (the “Safe Harbour Regulation”). 

The share buy-back program is expected to be realized in the period from August 18, 2026, to December 18, 2026. The total transaction value of the share buy-backs in the period will not exceed DKK 300m.

The following transactions have been made under the program:

  Number of
Shares
Average purchase price DKK Transaction value, DKK
Accumulated, last announcement 425,899 420.05 178,899,319
October 26, 2026 6,000 434.39 2,606,359
October 27, 2026 6,000 434.13 2,604,777
October 28, 2026 6,000 435.03 2,610,154
October 29, 2026 6,000 434.99 2,609,975
October 30, 2026 6,000 442.34 2,654,058
Total accumulated under the program 455,899 421.11 191,984,642

With the transactions stated above Royal Unibrew owns a total of 2,238,487 shares, corresponding to 4.5% of the share capital. The total amount of shares in the company is 49,300,000, including treasury shares.

For further information please contact:
Flemming Ole Nielsen (Head of Investor Relations)
E-mail: Flemming.Nielsen@royalunibrew.com
Telephone: +45 25 41 68 04

Encl.

Attachments

COMPANY ANNOUNCEMENT NO 56/2026 – November 2, 2026

On August 17, 2026, Royal Unibrew announced a share buy-back program, cf. company announcement no. 44/2026.

The share buy-back program will be executed under EU Commission Regulation No. 596/2014 of the European Parliament and Council of April 16, 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 (the “Safe Harbour Regulation”). 

The share buy-back program is expected to be realized in the period from August 18, 2026, to December 18, 2026. The total transaction value of the share buy-backs in the period will not exceed DKK 300m.

The following transactions have been made under the program:

  Number of
Shares
Average purchase price DKK Transaction value, DKK
Accumulated, last announcement 425,899 420.05 178,899,319
October 26, 2026 6,000 434.39 2,606,359
October 27, 2026 6,000 434.13 2,604,777
October 28, 2026 6,000 435.03 2,610,154
October 29, 2026 6,000 434.99 2,609,975
October 30, 2026 6,000 442.34 2,654,058
Total accumulated under the program 455,899 421.11 191,984,642

With the transactions stated above Royal Unibrew owns a total of 2,238,487 shares, corresponding to 4.5% of the share capital. The total amount of shares in the company is 49,300,000, including treasury shares.

For further information please contact:
Flemming Ole Nielsen (Head of Investor Relations)
E-mail: Flemming.Nielsen@royalunibrew.com
Telephone: +45 25 41 68 04

Encl.

Attachments

COMPANY ANNOUNCEMENT NO 56/2026 – November 2, 2026

On August 17, 2026, Royal Unibrew announced a share buy-back program, cf. company announcement no. 44/2026.

The share buy-back program will be executed under EU Commission Regulation No. 596/2014 of the European Parliament and Council of April 16, 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 (the “Safe Harbour Regulation”). 

The share buy-back program is expected to be realized in the period from August 18, 2026, to December 18, 2026. The total transaction value of the share buy-backs in the period will not exceed DKK 300m.

The following transactions have been made under the program:

  Number of
Shares
Average purchase price DKK Transaction value, DKK
Accumulated, last announcement 425,899 420.05 178,899,319
October 26, 2026 6,000 434.39 2,606,359
October 27, 2026 6,000 434.13 2,604,777
October 28, 2026 6,000 435.03 2,610,154
October 29, 2026 6,000 434.99 2,609,975
October 30, 2026 6,000 442.34 2,654,058
Total accumulated under the program 455,899 421.11 191,984,642

With the transactions stated above Royal Unibrew owns a total of 2,238,487 shares, corresponding to 4.5% of the share capital. The total amount of shares in the company is 49,300,000, including treasury shares.

For further information please contact:
Flemming Ole Nielsen (Head of Investor Relations)
E-mail: Flemming.Nielsen@royalunibrew.com
Telephone: +45 25 41 68 04

Encl.

Attachments

Collaboration brings together Ukraine-tested technology and American-made autonomous systems to advance capabilities for U.S. and allied forces

SALT LAKE CITY, Nov. 02, 2026 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, today announced a strategic partnership with Sine Engineering, a Ukraine-rooted global technology company providing resilient communications, navigation and networking technologies developed and tested in Ukraine. The partnership is established through a memorandum of understanding (MOU) signed with Sine Advanced Engineering, Inc., Sine’s U.S. business.

The agreement establishes a framework for a long-term strategic commercial and technology relationship focused on the integration of Sine’s technologies into Red Cat’s autonomous platforms, including its Blue Ops uncrewed surface vessels (USVs) and Red Cat Aerial UAV platforms. The collaboration aims to help unmanned systems maintain command and control (C2), video and data links, and positioning capabilities in GPS-denied and communications-contested environments.

“Ukraine has become one of the world’s most important proving grounds for drone communications and electronic warfare,” said Jeff Thompson, CEO of Red Cat. “This partnership shows how companies can combine battlefield-tested technology with U.S.-designed and manufactured drones to deliver critical capabilities to our warfighters and allies. Sine brings the resilient communications, navigation and networking capabilities we see as foundational to the next generation of Red Cat’s air and maritime platforms. Together, we’re building toward autonomous systems designed to succeed on the modern battlefield.”

Sine’s technologies include resilient communications, video and control links, GPS-independent positioning, networking and the critical infrastructure that supports connected unmanned systems. The companies intend to evaluate these capabilities across interconnected aerial and maritime platforms, including USVs, buoys, beacons and other distributed infrastructure. These applications could extend operational reach and support coordinated unmanned missions across strategically important maritime regions.

Integration and field work involving the companies’ technologies are already underway, providing an initial foundation for the broader collaboration. Initial integration with Sine technology has been crucial to Red Cat’s success in the Ukraine with its Hellcat™ platform. Under the MOU, the companies intend to focus initially on maritime platforms and distributed networking infrastructure, while exploring opportunities across Red Cat’s broader portfolio.

The partnership is intended to support opportunities with U.S., Ukrainian and other global allied defense customers where distributed maritime operations and resilient communications are increasingly important. Connecting autonomous vessels, aerial platforms and supporting infrastructure could help forces maintain situational awareness and operational flexibility across hundreds of islands and other geographically dispersed environments.

“Ukraine has made one thing clear: resilient communications and navigation are not optional. They are foundational to the next generation of unmanned systems,” said Mark Edgar, Co-CEO of Sine Advanced Engineering. “Sine brings technology developed and tested in Ukraine under the realities of modern electronic warfare. Red Cat’s combination of American manufacturing, air and maritime platforms, and all-domain vision makes it a powerful partner to bring these capabilities to U.S. and allied forces. Through this non-exclusive partnership, our ambition is to set a new standard for resilient, connected unmanned systems operating in contested environments.”

The collaboration supports Red Cat’s all-domain strategy to build an integrated portfolio of autonomous defense technologies across air, land, sea and space, combining platforms, communications infrastructure, and mission capabilities to address evolving mission needs.

About Red Cat Holdings, Inc.

Red Cat (Nasdaq: RCAT) is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. Through its integrated portfolio of trusted U.S. and allied hardware and software offerings, Red Cat supports military, government, and public safety operations across air, land, sea and space. Its systems span small unmanned aircraft systems, uncrewed surface vessels, wireless power transfer technology, and autonomous swarming software to enhance situational awareness, operational effectiveness, and mission safety. Learn more at www.redcat.red.

About Sine Engineering

Sine Engineering is a Ukraine-rooted global tech company, developing resilient communications, navigation and onboard autonomy for highly contested environments since 2022. The company provides critical infrastructure that enables uncrewed systems to operate when satellite navigation and conventional links fail.  With offices and R&D centers across Ukraine, the United States (Sine Advanced Engineering), and Finland, Sine Engineering technologies have both civil and dual-use applications. In 2026, Sine became the first investment of the U.S.-Ukraine Reconstruction Investment Fund (URIF). https://sine.engineering

Safe Harbor Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. These and other risks and uncertainties are described more fully in Red Cat’s filings with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Red Cat undertakes no duty to update such information except as required under applicable law.

Investor Contact

Ankit Hira
Solebury Strategic Communications for Red Cat Holdings, Inc.
Email: RCAT@soleburystrat.com

Red Cat Media Contact

Peter Moran
Phone: (347) 880-2895
Email: peter@indicatemedia.com

Collaboration brings together Ukraine-tested technology and American-made autonomous systems to advance capabilities for U.S. and allied forces

SALT LAKE CITY, Nov. 02, 2026 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, today announced a strategic partnership with Sine Engineering, a Ukraine-rooted global technology company providing resilient communications, navigation and networking technologies developed and tested in Ukraine. The partnership is established through a memorandum of understanding (MOU) signed with Sine Advanced Engineering, Inc., Sine’s U.S. business.

The agreement establishes a framework for a long-term strategic commercial and technology relationship focused on the integration of Sine’s technologies into Red Cat’s autonomous platforms, including its Blue Ops uncrewed surface vessels (USVs) and Red Cat Aerial UAV platforms. The collaboration aims to help unmanned systems maintain command and control (C2), video and data links, and positioning capabilities in GPS-denied and communications-contested environments.

“Ukraine has become one of the world’s most important proving grounds for drone communications and electronic warfare,” said Jeff Thompson, CEO of Red Cat. “This partnership shows how companies can combine battlefield-tested technology with U.S.-designed and manufactured drones to deliver critical capabilities to our warfighters and allies. Sine brings the resilient communications, navigation and networking capabilities we see as foundational to the next generation of Red Cat’s air and maritime platforms. Together, we’re building toward autonomous systems designed to succeed on the modern battlefield.”

Sine’s technologies include resilient communications, video and control links, GPS-independent positioning, networking and the critical infrastructure that supports connected unmanned systems. The companies intend to evaluate these capabilities across interconnected aerial and maritime platforms, including USVs, buoys, beacons and other distributed infrastructure. These applications could extend operational reach and support coordinated unmanned missions across strategically important maritime regions.

Integration and field work involving the companies’ technologies are already underway, providing an initial foundation for the broader collaboration. Initial integration with Sine technology has been crucial to Red Cat’s success in the Ukraine with its Hellcat™ platform. Under the MOU, the companies intend to focus initially on maritime platforms and distributed networking infrastructure, while exploring opportunities across Red Cat’s broader portfolio.

The partnership is intended to support opportunities with U.S., Ukrainian and other global allied defense customers where distributed maritime operations and resilient communications are increasingly important. Connecting autonomous vessels, aerial platforms and supporting infrastructure could help forces maintain situational awareness and operational flexibility across hundreds of islands and other geographically dispersed environments.

“Ukraine has made one thing clear: resilient communications and navigation are not optional. They are foundational to the next generation of unmanned systems,” said Mark Edgar, Co-CEO of Sine Advanced Engineering. “Sine brings technology developed and tested in Ukraine under the realities of modern electronic warfare. Red Cat’s combination of American manufacturing, air and maritime platforms, and all-domain vision makes it a powerful partner to bring these capabilities to U.S. and allied forces. Through this non-exclusive partnership, our ambition is to set a new standard for resilient, connected unmanned systems operating in contested environments.”

The collaboration supports Red Cat’s all-domain strategy to build an integrated portfolio of autonomous defense technologies across air, land, sea and space, combining platforms, communications infrastructure, and mission capabilities to address evolving mission needs.

About Red Cat Holdings, Inc.

Red Cat (Nasdaq: RCAT) is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. Through its integrated portfolio of trusted U.S. and allied hardware and software offerings, Red Cat supports military, government, and public safety operations across air, land, sea and space. Its systems span small unmanned aircraft systems, uncrewed surface vessels, wireless power transfer technology, and autonomous swarming software to enhance situational awareness, operational effectiveness, and mission safety. Learn more at www.redcat.red.

About Sine Engineering

Sine Engineering is a Ukraine-rooted global tech company, developing resilient communications, navigation and onboard autonomy for highly contested environments since 2022. The company provides critical infrastructure that enables uncrewed systems to operate when satellite navigation and conventional links fail.  With offices and R&D centers across Ukraine, the United States (Sine Advanced Engineering), and Finland, Sine Engineering technologies have both civil and dual-use applications. In 2026, Sine became the first investment of the U.S.-Ukraine Reconstruction Investment Fund (URIF). https://sine.engineering

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