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Health In Tech Reports Second Quarter 2026 Financial Results

Contracted Revenue of $32.3 Million as of June 30, 2026
Pipeline Revenue of $66.3 Million as of July 31, 2026
Distribution Partners Grew 19.9% Year Over Year

STUART, Fla., Aug. 14, 2026 /PRNewswire/ — Health In Tech, Inc. (Nasdaq: HIT) (“Health In Tech” or the “Company”), an AI-enabled InsurTech platform company, today announced its unaudited financial results for the three and six months ended June 30, 2026.

Second Quarter and First-Half 2026 Highlights

  • Distribution Partners, including brokers, third-party administrators (“TPAs”) and agencies, reached 933 as of June 30, 2026, an increase of 19.9% year over year.
  • Q2 2026 Revenue was $8.1 million, compared with $9.3 million in Q2 2025. First-half 2026 revenue was $16.8 million, compared with $17.3 million in the prior year period.
  • Contracted Revenue1 totaled $32.3 million for first-half 2026, of which $17.3 million was recognized as GAAP revenue in first-half 2026. The remaining $14.0 million and $1.0 million are expected to be recognized as GAAP revenue in second-half 2026 and in 2027, respectively.
  • Pipeline Revenue2 was $66.3 million as of July 31, 2026, of which $1.9 million was contracted subsequent to quarter end. The remaining $64.4 million represents policies in quoting or binding status, with an expected conversion rate of 15% to 40%.
  • Net loss for Q2 2026 was $2.5 million, or $(0.04) per diluted share, compared to net income of $0.6 million, or $0.01 per diluted share, in Q2 2025, and $4.1 million for the first half of 2026, or $(0.07) per diluted share, compared to net income of $1.1 million, or $0.02 per diluted share, in first-half 2025.
  • Adjusted EBITDA3 was $(1.3) million for Q2 2026 and $(2.6) million for first-half 2026, reflecting continued investment in distribution, technology, and product development.
  • Platform Placed Plan Value (“PPPV”)4 was $84.0 million as of June 30, 2026.

2026 Outlook and Beyond

As of July 31, 2026, the Company had approximately $66.3 million in Pipeline Revenue, of which $1.9 million was contracted, while the remaining $64.4 million is in the quoting or binding stage. Based on the Company’s estimated conversion rate of 15% to 40%, the Pipeline Revenue in the quoting or binding stage is expected to generate approximately $9.7 million to $25.8 million of additional Contracted Revenue. Under U.S. GAAP revenue recognition, this is expected to result in approximately $3.1 million to $8.3 million of GAAP revenue recognized in 2026, with an additional $6.6 million to $17.5 million of GAAP revenue expected to be recognized in 2027.

With five more months remaining in 2026, the Company expects to continue expanding its Pipeline Revenue through new product launches and new system enhancement.   Supported by its growing base of Contracted Revenue, increasing forward revenue visibility, and continued pipeline development, the Company is reaffirming its full-year 2026 revenue guidance of $45 million to $50 million.

CEO Commentary

Tim Johnson, Chief Executive Officer of Health In Tech, commented, “We continued to execute against our long-term growth strategy during the quarter by investing in sales, marketing, and key talent, supported in part by the capital raised through our recent PIPE financing. These investments are designed to expand our distribution network, accelerate product innovation, and strengthen our execution capabilities. Our contracted book of business continued to grow, providing greater visibility into future revenue. We believe Contracted Revenue and Pipeline Revenue are meaningful operating metrics that complement our GAAP financial results by illustrating the strength of our sales pipeline, the pace of customer conversion, and our expected revenue trajectory.”

Mr. Johnson continued, “We also made meaningful progress on several strategic initiatives that we believe position the Company for its next phase of growth. During the quarter, we contractually secured our first employer group for the Three-Year Rate Stabilization Program, a differentiated solution designed to provide employers with greater predictability in stop-loss pricing over a multi-year period. This represents an important milestone as we advance toward the program’s anticipated launch in the capital markets. In parallel, we are engaged with several high-profile governmental organizations that are evaluating participation in the program, and we expect to provide additional updates in the coming months.

As we execute on our strategic roadmap, we remain on track to launch HitRix, our next-generation marketplace platform, in the second half of 2026. While our current eDIYBS platform has transformed AI-enabled underwriting through bindable stop-loss quoting and customized plan design, HitRix expands the application of AI across the entire self-funded stop-loss insurance ecosystem. The platform leverages advanced AI-powered document intelligence to automate data extraction across multiple document types, enable intelligent plan comparisons, and facilitate an integrated competitive bidding process within a unified digital marketplace. By connecting a broad network of brokers, carriers, TPAs, and employer groups, HitRix is designed to increase market transparency, expand access to competitive stop-loss solutions, streamline the placement process, and deliver better outcomes for all participants across the self-funded insurance value chain.”

End Notes

  1. Contracted Revenue represents the total revenue expected to be generated over the contractual term of self-funded health plan policies placed through the Company’s platform. Standard self-funded plan policies generally have a contractual term of 12 months, while the Company’s Three-Year Rate Stabilization Program is designed with a 36-month contractual term. Revenue is recognized under U.S. GAAP on a straight-line basis over the policy term, beginning on the policy’s effective date. Accordingly, Contracted Revenue represents revenue that has been contractually secured but has not yet been fully recognized under U.S. GAAP, providing an indication of future revenue expected from existing contracts.
  2. Pipeline Revenue represents revenue from self-funded plan policies that are being quoted, are in binding status, or have been contracted subsequent to the end of the reporting period. This metric reflects the entire contractual term of the underlying policies, some of which may not ultimately convert to revenue.
  3. Adjusted EBITDA is a non-GAAP financial measure. Additional information and reconciliation of Adjusted EBITDA to its most comparable GAAP financial measure is provided in the “Reconciliation of Net (Loss) Income Attributable to Common Stockholders to Adjusted EBITDA” section of this release.
  4. Platform Placed Plan Value (“PPPV”) represents the aggregate contractual value of self-funded health plans with stop-loss insurance (self-funded stop-loss plans) placed through the Company’s platform during the fiscal year through the applicable fiscal quarter end, measured over each plan’s full contractual term of typically 12 or 36 months from the plan’s effective date. PPPV reflects the total economic value flowing through the platform, including premium, claim funding, and administrative fees, and is a measure of platform transaction volume rather than an indication of the Company’s own revenue or take rate.

Conference Call Details

Health In Tech will host a conference call to discuss its financial results for the second quarter of 2026 on August 13, 2026, at 5:00 p.m. (ET). To participate in our live conference call and webcast, please dial 1-888-346-8982 or 1-412-902-4272 (for international participants).

A live audio webcast will be available via the Investor Relations page of Health In Tech’s website at https://healthintech.com/. A replay of the webcast will be available for on-demand listening shortly after the completion of the call, at the same web link, and will remain available for approximately 90 days.

Non-GAAP Financial Information

This release presents Adjusted EBITDA, a non-GAAP financial metric, which is provided as a complement to the results provided in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Management uses Adjusted EBITDA to provide investors with additional insight into operational performance and to facilitate comparison with other companies in the industry. Adjusted EBITDA should not be considered an alternative to net income, operating income, or other GAAP measures. A reconciliation of historical non-GAAP financial information to the most directly comparable GAAP financial measure is provided in the accompanying tables found at the end of this release.

Use of ForwardLooking Statements

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech’s possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as “may,” “will,” “should,” “design,” “target,” “aim,” “hope,” “expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “predict,” “project,” “potential,” “goal,” or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech’s actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech’s control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech’s operations, results of operations, growth strategy and liquidity.

About Health In Tech 

Health In Tech, Inc. (Nasdaq: HIT) is an AI-enabled InsurTech platform company, which offers a marketplace that improves processes in the health insurance industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, Managing General Underwriter (“MGUs”) and third-party administrators (“TPAs”). Health In Tech’s platform serves as a marketplace for brokers, TPAs, MGUs and carriers to access self-funded health insurance for employers, providing functions including customized self-funded health plans, bindable stop-loss quotes, AI-enabled underwriting, claims administration and reporting integration.

 

Health In Tech, Inc.

Consolidated Statements of Operations

(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenues

Revenues from underwriting modeling (ICE)

$ 1,272,647

$ 2,090,576

$ 2,741,461

$ 4,442,560

Revenues from fees (SMR)

6,783,973

7,223,273

14,086,805

12,886,273

Total revenues

8,056,620

9,313,849

16,828,266

17,328,833

Cost of revenues

4,134,127

3,003,979

8,396,374

5,663,564

Gross profit

3,922,493

6,309,870

8,431,892

11,665,269

Operating expenses

Sales and marketing expenses

2,215,889

1,226,738

4,507,490

2,316,993

General and administrative expenses

4,269,094

3,775,453

7,724,652

7,022,218

Research and development expenses

875,811

582,609

1,796,206

1,120,330

Total operating expenses

7,360,794

5,584,800

14,028,348

10,459,541

Other income (expense):

Interest income

69,568

108,198

137,039

193,564

Other income

100,000

122,334

118,399

Other expense

(52,341)

(52,341)

Total other income, net

117,227

108,198

207,032

311,963

(Loss) income before income tax expense

(3,321,074)

833,268

(5,389,424)

1,517,691

Income tax benefit (expense)

809,888

(202,637)

1,289,957

(388,468)

Net (loss) income

(2,511,186)

630,631

(4,099,467)

1,129,223

Net loss attributable to noncontrolling interests

(162)

(162)

Net (loss) income attributable to common
stockholders

$ (2,511,024)

$ 630,631

$ (4,099,305)

$ 1,129,223

Net (loss) income per share

Basic

$ (0.04)

$ 0.01

$ (0.07)

$ 0.02

Diluted

$ (0.04)

$ 0.01

$ (0.07)

$ 0.02

Weighted average common shares outstanding:

Basic

62,829,725

55,382,395

60,106,502

55,003,233

Diluted

62,829,725

55,632,357

60,106,502

57,004,070

 

Reconciliation of Net (Loss) Income Attributable to Common Stockholders to Adjusted EBITDA

(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Net (loss) income attributable to common
stockholders

$ (2,511,024)

$ 630,631

$ (4,099,305)

$ 1,129,223

Interest income

(69,568)

(108,198)

(137,039)

(193,564)

Amortization expense

320,320

135,983

723,787

271,966

Income tax (benefit) expense

(809,888)

202,637

(1,289,957)

388,468

Stock-based compensation expense, including
employer payroll taxes related to stock-based
awards

959,969

707,963

1,403,808

1,201,134

Provision for credit losses on other receivables

739,773

739,773

Other non-recurring items

37,341

37,341

Total net adjustments

1,177,947

938,385

1,477,713

1,668,004

Adjusted EBITDA

$ (1,333,077)

$ 1,569,016

$ (2,621,592)

$ 2,797,227

 

Consolidated Balance Sheets

(Unaudited)

June 30,

December 31,

2026

2025

Assets

Current assets

Cash and cash equivalents

$ 6,514,813

$ 7,669,754

Accounts receivable, net

8,546,307

756,288

Loans receivable, net

847,993

815,995

Other receivables, net

3,392,082

3,467,814

Deferred offering costs

102,586

170,977

Prepaid expenses and other current assets

2,380,284

3,280,148

Total current assets

21,784,065

16,160,976

Non-current assets

Software

7,197,718

6,530,894

Operating lease – right-of-use assets

104,277

139,940

Long-term prepaid expenses

8,184

258,151

Deferred tax assets, net

540,436

Total non-current assets

7,850,615

6,928,985

Total assets

$ 29,634,680

$ 23,089,961

Liabilities and stockholders’ equity

Current liabilities

Accounts payable and accrued expenses

$ 9,907,370

$ 4,188,811

Operating lease liabilities – current

81,225

76,195

Other current liabilities

891,598

Total current liabilities

9,988,595

5,156,604

Non-current liabilities

Deferred tax liabilities

757,675

Operating lease liabilities – non-current

21,713

63,617

Total non-current liabilities

21,713

821,292

Total liabilities

10,010,308

5,977,896

Stockholders’ equity

Common stock, $0.001 par value; Class A Common stock 150,000,000
shares authorized 53,858,083 and 46,006,000 shares issued and
outstanding as of June 30, 2026 and December 31, 2025, respectively

$ 53,858

$ 46,006

Common stock, $0.001 par value; Class B Common stock 50,000,000
shares authorized, 11,700,000 shares issued and outstanding as of June
30, 2026 and December 31, 2025, respectively

11,700

11,700

Additional paid-in capital

18,365,473

11,834,121

Retained earnings

1,120,933

5,220,238

Noncontrolling interests

72,408

Total stockholders’ equity

19,624,372

17,112,065

Total liabilities and stockholders’ equity

$ 29,634,680

$ 23,089,961

 

Consolidated Statements of Cash Flows

(Unaudited)

Three Months Ended June
30,

Six Months Ended June 30,

2026

2025

2026

2025

Cash flows (used in) provided by operating activities:

Net (loss) income

$ (2,511,186)

$ 630,631

$ (4,099,467)

$ 1,129,223

Adjustments to reconcile net (loss) income to net cash
(used in) provided by operating activities:

Bad debt (recovery) expense

(2,954)

5,990

(2,954)

5,990

Amortization expense

320,320

135,983

723,787

271,966

Provision for refund liability

175,698

108,402

955,743

Provision for credit losses on other receivables

739,773

739,773

Deferred tax benefit

(813,639)

(32,074)

(1,298,111)

(66,547)

Interest income

(15,999)

(15,999)

(31,998)

(31,998)

Stock-based compensation expense

959,320

707,963

1,325,882

1,201,134

Changes in operating assets and liabilities:

Accounts receivable

(4,805,705)

823,480

(7,787,065)

359,982

Other receivables

(59,704)

134,954

(71,444)

(3,354,582)

Prepaid expenses and other assets

350,442

455,844

798,039

(561,907)

Operating lease right-of-use assets and
liabilities, net

(606)

18

(1,211)

37

Accounts payable and accrued expenses

2,927,618

(1,150,600)

4,364,800

2,269,897

Income taxes payable

(390,612)

(170,309)

Other current liabilities

(1,000,000)

Net cash (used in) provided by operating activities

(2,912,320)

1,481,276

(6,231,567)

2,008,629

Cash flows used in investing activities:

Development of software

(596,992)

(909,897)

(959,123)

(1,613,372)

Net cash used in investing activities

(596,992)

(909,897)

(959,123)

(1,613,372)

Cash flows (used in) provided by financing activities:

Proceeds from issuance of common stock in
connection with private investment in public equity
financing, net of placement agent fees and escrow
agent fees

6,381,000

Payments of deferred offering costs

(199,440)

(8,250)

(243,608)

(106,339)

Contributions from noncontrolling interests

71,428

71,428

Taxes paid related to net share settlement of equity awards

(173,071)

(173,071)

Net cash (used in) provided by financing activities

(301,083)

(8,250)

6,035,749

(106,339)

(Decrease) increase in cash and cash equivalents

(3,810,395)

563,129

(1,154,941)

288,918

Cash and cash equivalents, beginning of the period

10,325,208

7,575,037

7,669,754

7,849,248

Cash and cash equivalents, end of the period

$ 6,514,813

$ 8,138,166

$ 6,514,813

$ 8,138,166

Supplemental disclosures of cash flow information:

Cash paid for interest

$  —

$  —

$  —

$  —

Cash paid for income taxes

$ 15,000

$ 625,323

$ 10,035

$ 625,323

Summary of noncash investing and financing activities:

Accrued deferred offering costs included in accounts
payable and accrued expenses

$ 115,911

$  —

$ 215,911

$  —

Accrued development of software included in
accounts payable and accrued expenses

430,386

265,243

430,386

265,243

Reclassification of deferred offering costs to
additional paid-in capital upon private investment in
public equity financing

75,030

527,910

Stock-based compensation capitalized for software
development

10,617

19,454

 

Investor Contact:
Health In Tech Investor Relations
ir@healthintech.com

HappyRun Sports Steps In to Replace Stolen Make-A-Wish E-Bike

After Jaiden’s Make-A-Wish e-bike was stolen in Las Vegas, HappyRun Sports stepped in with a replacement — restoring his independence and freedom to ride.

ORANGE, Calif., Aug. 14, 2026 /PRNewswire/ — HappyRun Sports is featured in a FOX5 Surprise Squad story about Jaiden Rector, a teenager living with cystic fibrosis whose Make-A-Wish gift — a HappyRun G300 Pro — was stolen. The July 16 segment followed Jaiden and his family as the FOX5 team turned a painful loss into an unforgettable surprise.


HappyRun Sports featured on FOX5 Surprise Squad replacing a stolen Make-A-Wish G300 Pro e-bike for Jaiden Rector, a Las Vegas teen living with cystic fibrosis, restoring his freedom and independence.

In the FOX5 interview, Jaiden explained that cystic fibrosis affects his lungs and digestive tract and requires frequent medication and breathing treatments. Running quickly leaves him out of breath, while the G300 Pro gave him an easier way to stay alongside his friends.

“I can actually keep up with my friends — like being a normal kid for once. It was probably the most beautiful thing I’ve ever had,” Jaiden said in the segment.

A G300 Pro That Changed Everyday Life

Jaiden first received the HappyRun G300 Pro through Make-A-Wish. According to the FOX5 segment, Jason, Head of the U.S. Region at HappyRun Sports, personally drove the original bike from Los Angeles to Las Vegas on Jaiden’s wish day.

Designed as a high-performance, long-range all-terrain model, the G300 Pro combines electric assistance with adjustable riding modes and a suspension system built for varied outdoor surfaces. For Jaiden, those features had a simple, practical value: he could choose a comfortable pace, join his friends outdoors and experience a greater sense of independence.

The Theft — and an Immediate Response

The G300 Pro was stolen after Jaiden parked it outside while going inside to pick up food. When he returned, it was gone. His mother, Ashley, told FOX5 that the family was shocked and turned to GoFundMe because the stolen bike had been his Make-A-Wish gift.

When word reached the HappyRun team, they took action immediately. As Jason explained on camera, HappyRun could provide another G300 Pro — “no questions asked.”

“Another G300 Pro — no questions asked.”

Head of the US region Jason then drove from Los Angeles to Las Vegas again — his second personal delivery to Jaiden and his family. Witnessed by FOX5’s Surprise Squad, a brand-new G300 Pro appeared in front of Jaiden.

Jaiden’s reaction was immediate: “I love it.” As the new bike’s lights came on and he prepared to ride, he and his family repeatedly thanked the team.

Why the G300 Pro Mattered

The replacement was more than a like-for-like product delivery. The G300 Pro’s motor assistance, adjustable settings and all-terrain platform offer a flexible way to ride across different outdoor surfaces. In Jaiden’s story, the most meaningful benefit was not a specification on a product page — it was the ability to stay connected with friends and return to an activity he loved.

Showing Up — Again

For HappyRun Sports, the story reflects a simple responsibility: when a product becomes part of someone’s ability to participate in everyday life, support should not end with the first delivery.

“Every bike we build is meant to be a reliable companion. In Jaiden’s story, that promise means helping a young rider get back outside, stay connected with friends and feel the wind again,” said Jason, Head of the U.S. Region at HappyRun Sports. “We don’t just build e-bikes; we craft experiences that people truly love.”

The Vision: Mobility for Everyone

“HappyRun’s mission is direct: mobility should be carbon-neutral, exhilarating and open to everyone — empowering riders to explore a wider world with machines as versatile as they are powerful.”

About HappyRun Sports

HappyRun Sports is a California-based electric mobility brand creating electric dirt bikes for off-road exploration, along with e-bikes for recreation, cargo use and everyday mobility. Its portfolio ranges from high-performance models such as the G300 Pro to practical fat-tire and cargo platforms. The company combines product innovation, outdoor enjoyment and dependable after-sales support for riders with different needs and experience levels.

HappyRun has also expanded its safety-focused lineup with a growing range of commuter e-bikes designed for compliant road use and certified to UL 2849 standards, including select models in the G60 and G70 families. These products reflect the company’s ongoing commitment to combining versatile everyday performance with recognized electrical-system safety standards.

For more information, visit www.happyrunsports.com.

Source Note

Product descriptions, specifications, executive titles and certification claims are provided by HappyRun Sports.

Media Contact

For more information, please visit:

US website: https://www.happyrunsports.com/
Facebook: https://www.facebook.com/happyrunsports
Facebook group: https://www.facebook.com/groups/happyrunebike/
YouTube: https://www.youtube.com/@happyrunsports
TikTok: https://www.tiktok.com/@happyrunsports
Instagram: https://www.instagram.com/happyrunsports/

COSRX Brings Peptide Science to Life at Olive Young Festa LA 2026

LOS ANGELES, Aug. 14, 2026 /PRNewswire/ — Global K-beauty derma skincare brand COSRX is bringing Peptide science to life at Olive Young Festa LA 2026 through the COSRX Peptide Signal Station, an interactive skincare experience taking place August 14–16 at the Los Angeles Convention Center’s South Hall.

COSRX Brings Peptide Science to Life at Olive Young Festa LA 2026
COSRX Brings Peptide Science to Life at Olive Young Festa LA 2026

Olive Young Festa LA 2026 marks the first U.S. edition of Olive Young’s signature experiential beauty festival. Held within the KCON LA 2026 Festival Grounds under the theme “The K-Beauty Playground Festival,” the event will transform approximately 50,000 square feet of the Los Angeles Convention Center into an immersive K-beauty destination inspired by four of Seoul’s most recognizable neighborhoods: Myeongdong, Hongdae, Gangnam and Seongsu.

Approximately 30,000 visitors are expected to attend the three-day festival and explore products, skincare services and interactive content from 55 participating K-beauty and lifestyle brands.

Located within the Festa’s ‘Seongsu’ Zone, the COSRX Peptide Signal Station will invite visitors to explore how Peptides function as signaling ingredients in skincare through personalized skin analysis, an interactive game and hands-on missions. Known for making ingredient-led derma skincare approachable, COSRX will give visitors a hands-on way to explore Peptide science and see how Peptide products can fit into an everyday skincare routine.

Enter the COSRX Peptide Signal Station

Presented in a glowing pink environment inspired by COSRX’s TikTok-viral The Peptide Collagen Hydrogel Eye Patch, The 6 Peptide Skin Booster Serum and The Peptide Collagen Lifting Glow Hydrogel Mask, the COSRX booth will turn Peptide science into an immersive experience through visual storytelling, interactive play and hands-on discovery.

At the heart of the experience is a simple question: What do Peptides actually do in skincare? Peptides are short chains of amino acids, the fundamental components that make up proteins such as collagen and elastin in the skin. While Peptides have become one of skincare’s most talked-about ingredients, different types of Peptides can serve different roles. Some function as signaling molecules, communicating with skin cells and supporting processes associated with maintaining the skin’s appearance and condition. COSRX makes this complex science easier to understand by connecting Peptide signaling with familiar skincare needs.

Visitors can explore the concept through two hands-on activities:

  • Check Your Skin Signal: A skin analyzer measures oil and moisture levels to provide a snapshot of each visitor’s current skin condition.
  • Play the Peptide Signal Game: An interactive game demonstrates how Peptide signaling relates to different skincare concerns.

Visitors who complete the experience can receive The Peptide Collagen Hydrogel Eye Patch and The Peptide Collagen Lifting Glow Hydrogel Mask, while daily supplies last.

According to a COSRX spokesperson “COSRX is incredibly excited to be joining this event and sharing our ‘Friendly Derma’ philosophy with consumers. We believe that skincare science should be approachable and easy to understand. While Peptides may sound complex, the COSRX Peptide Signal Station transforms the ingredient into an interactive and enjoyable experience, helping visitors discover skincare science in a more accessible way.”

COSRX will also be featured in the festival’s limited-edition goodie bag. Visitors who collect stamps from at least seven participating booths can receive approximately $110 worth of full-size K-beauty products, including COSRX’s The 6 Peptide Skin Booster Serum, while daily supplies last.

Meet the COSRX Peptide Lineup

At the center of the experience is a three-product lineup showing how Peptides can be incorporated across different steps of a skincare routine.

  • The 6 Peptide Skin Booster Serum is a lightweight, toner-like booster formulated with six Peptides to prepare the skin for the next steps of a routine. Designed as a multi-concern first-step serum, it supports hydration and helps improve the appearance of radiance, skin texture, visible pores and elasticity without adding heaviness.
  • The Peptide Collagen Hydrogel Eye Patch combines four Peptides and collagen with caffeine, niacinamide and hyaluronic acid. The pink hydrogel patches provide targeted care for the appearance of under-eye puffiness, fine lines and dullness in as little as 10 minutes.
  • The Peptide Collagen Lifting Glow Hydrogel Mask is formulated with six Peptides and low-molecular-weight collagen. As the hydrogel mask adheres to the skin, it gradually becomes transparent, helping leave the complexion looking firmer, smoother and more radiant.

All three featured products are also available through the Olive Young Global online and offline stores, allowing consumers to recreate the featured COSRX Peptide routine beyond the festival.

About COSRX

Rooted in science and driven by results, COSRX is a global derma skincare brand known for high-performance, accessible formulations developed around carefully selected ingredients and real skin concerns. Through ingredient-led innovation and consumer-focused product development, COSRX creates effective skincare solutions that are easy to understand and incorporate into everyday routines. Its award-winning portfolio is available through COSRX.com and leading retailers including Olive Young, Amazon, ULTA, Revolve, Dermstore, Nordstrom and Target. Follow ‘@cosrx’ on Instagram and TikTok for the latest product launches, skincare tips and brand updates.

Huawei Unveils Upgraded Xinghe Intelligent Network Under the “Secure and Intelligent Connectivity” Philosophy to Advance Industrial All Intelligence in Asia-Pacific

BALI, Indonesia, Aug. 13, 2026 /PRNewswire/ — The Huawei Network Summit 2026 Asia-Pacific today concluded in Bali, attracting over 500 industry leaders, technical experts, and ecosystem partners to explore network transformation trends amid the large-scale deployment of AI agents. During the summit, Huawei unveiled its upgraded Xinghe Intelligent Network Solution for the Asia-Pacific region under the new philosophy of “Secure and Intelligent Connectivity.” This move reaffirms Huawei’s efforts to advance all intelligence across industries together with customers and partners.

Currently, AI agents gain momentum across countries such as Malaysia, Vietnam, and Thailand, powering use cases like smart healthcare, financial risk control, and urban governance to drive cost efficiency. Meanwhile, large-scale AI adoption brings new network challenges: First, as AI agents penetrate core business processes, network instability is magnified exponentially; second, AI-driven cyberattacks have surged by 327%, straining traditional defenses.

Leon Wang, President of Huawei Data Communication Product Line, giving a speech
Leon Wang, President of Huawei Data Communication Product Line, giving a speech

Leon Wang, President of Huawei Data Communication Product Line, noted, “The global AI wave is reshaping every industry. This is driving networks toward an AI-centric paradigm built on four pillars: lossless compute to maximize token efficiency; integrated sensing and communications to quickly empower the physical world with AI; full-scope security to effectively address AI-driven novel threats; and high-level network autonomy to ensure always-on services.”

Zac Chow, Vice President of Huawei Asia Pacific Enterprise Sales Dept, delivering a speech
Zac Chow, Vice President of Huawei Asia Pacific Enterprise Sales Dept, delivering a speech

Zac Chow, Vice President of Huawei Asia Pacific Enterprise Sales Dept, said, “As models compete, tokens surge, and agents act autonomously, applications will become increasingly intelligent and run on unified platforms. Networks will also become AI-native, serving as the backbone of intelligent agents. Huawei is building an AI-centric converged network, working with partners to provide government, finance, Internet, and other industry customers with a network foundation that delivers high-efficiency, lossless transmission, and ultra-fast application experiences. This accelerates industry intelligence and shapes a more connected, intelligent future for Asia-Pacific.”

John Cai, Vice President of Huawei Data Communication Product Line, delivering a speech
John Cai, Vice President of Huawei Data Communication Product Line, delivering a speech

The boom in AI agents brings challenges to network stability and security. To address this, John Cai, Vice President of Huawei Data Communication Product Line, noted, “Huawei has upgraded its Xinghe Intelligent Network Solution under a new paradigm of ‘Secure and Intelligent Connectivity.’ First is an intelligence upgrade, expanding AI beyond O&M throughout the entire network. Second is a security upgrade, advancing from single-point defense to end-to-end protection that deeply converges network and security. Through these architectural upgrades, we are determined to build the solid connectivity foundation for every enterprise in the Agentic AI era and help every industry move forward steadily amid the AI wave.”

Huawei’s upgraded Xinghe Intelligent Network Solution covers Xinghe AI Fabric 2.0, Xinghe Intelligent WAN, Xinghe AI Campus, and Xinghe AI Network Security.

Xinghe AI Fabric 2.0

To address service stability challenges in multi-vendor network environments, Huawei has upgraded its StarryWing Digital Map and Rock-Solid Architecture with many AI technologies. Specifically, xFlow technology enables intelligent full-flow analysis, which facilitates fault demarcation within one minute, eliminating customer concerns. Meanwhile, the AI Eagle-Eye Engine delivers real-time visibility into the quality of 200,000 service flows, and completes fault root-cause analysis in minutes, greatly enhancing data center network resilience.

Tailored for AI computing scenarios, Huawei’s Hyper-Converged Fabric (HCF) achieves a network-wide throughput of over 98% while boosting inference Tokens Per Second (TPS) by 20%. Equipped with iFlashboot 2.0, Huawei’s Xinghe AI computing switches enable device reboots in just 5 seconds, ensuring uninterrupted services. Furthermore, StarryLink optical modules can detect fiber contamination and looseness issues within one minute, slashing inference interruption events by 90% and accelerating inclusive AI through ultra-efficient networks. 

Xinghe Intelligent WAN

Today’s WANs face threats from novel cyberattacks. To address this, Huawei has built a multi-dimensional security defense system that seamlessly extends protection from devices to private lines. Specifically, Huawei’s intelligent security board can identify multi-dimensional anomalies across files, memory, and systems in real time, achieving precise defense against Advanced Persistent Threats (APTs). Unlike traditional solutions that require external Quantum Key Distribution (QKD) devices, Huawei’s QKD quantum security board, the first of its kind in the industry, can be directly installed on a router, cutting overall capital expenditure by over 60% and helping build highly resilient, quantum-resistant WANs.
For home broadband, the proliferation of encrypted traffic causes uncontrollable user experience and rising customer complaints and churn. Huawei addresses this with the Xingluo Identification Engine, which can identify encrypted traffic at over 95% accuracy. Plus, user tags and intelligent customer profiling algorithms ensure 90% accuracy in customer acquisition, helping sharpen the competitive edge in home broadband.

Xinghe AI Campus

Huawei’s Xinghe AI Campus Solution powers enterprise digital transformation with many innovations. On the wireless front, Wi-Fi 7 Advanced multi-AP coordination doubles performance, while full-series multi-GE switches and flexible right-to-use (RTU) licensing slash TCO by over 30%. With regard to security, AI clustering–based endpoint identification achieves 95% accuracy in identifying dumb terminals, and smart anomaly detection (SmartAD) blocks anomalies in seconds. Wi-Fi Shield and Post-Quantum Cryptography (PQC) secure connections, Wi-Fi Channel State Information (CSI) sensing technology enables iGuard APs to safeguard privacy 24/7. As for network O&M, AI digital humans offer 24/7 assurance for campus networks, and AI sensing-capable APs enable real-time monitoring. Powered by multi-objective reinforcement learning algorithms, 80% of faults are autonomously resolved within 30 seconds, creating the industry’s first network autonomy solution.

Xinghe AI Network Security

According to research, 71% of enterprises in Asia-Pacific view AI as their top data security concern, and 81% have experienced API security incidents. To counter this, Huawei proposes ‘fighting AI with AI’ and has upgraded its AI firewall with a three-layer protection architecture. Specifically, a built-in AI Core can detect unknown threats at 95% accuracy, twice the industry average performance. HiSec AI-Guard, powered by a large language model semantic analysis engine, accurately identifies attacks such as prompt injection with a detection rate exceeding 95%. Together, these capabilities establish a robust security baseline for the intelligent era.

Huawei also unveiled over 20 new eKit SME Network products tailored for SMEs. Highlights include AR580 (a secure converged gateway for offices), S630 (a 10GE all-optical switch), and AP637H & DF10 (a spycam-detecting product portfolio)—all delivering major upgrades in both security and performance. These new offerings are ideal for scenarios like intelligent offices, retail stores, education, and hotels, providing SMEs with a brand-new experience in secure, intelligent connectivity.

At the event, Huawei, together with industry customers and partners across Asia-Pacific, jointly released the Huawei AI Firewall (AIFW) Technology White Paper and the High-Quality 10 Gbps AI Campus Technical and Standard White Paper. These publications outline the technology evolution and industry development path for AI firewalls while providing systematic guidance for building intelligent, secure AI campuses.

Looking ahead, Huawei will remain committed to its “AI for All, All on Secure IP” vision, continuously upgrading its Xinghe Intelligent Network Solution under the philosophy of “Secure and Intelligent Connectivity” to stride into the intelligent era together with customers and partners.

Nexters appoints Aghanim as global DTC enablement partner

LOS ANGELES, Aug. 14, 2026 /PRNewswire/ — Aghanim, an integrated commerce, liveops automation, community engagement, and payments platform for video game studios, today announced a strategic partnership with Nexters Global (Nexters) within its mobile game business. Nexters is a game developer known for operating globally successful live-service games through disciplined liveops execution and long-term player engagement, part of GDEV Holding – the Nasdaq-listed gaming and entertainment company headquartered in Limassol, Cyprus.

Nexters appoints Aghanim as global DTC enablement partner
Nexters appoints Aghanim as global DTC enablement partner

Through this partnership, Nexters will expand its mobile games’ direct-to-consumer (DTC) presence across key markets worldwide, providing the infrastructure needed to build stronger player relationships, optimize monetization performance, and unlock long-term growth beyond traditional platform ecosystems.

Aghanim will support DTC commerce across all international card networks and preferred local payment methods, alongside web-based game hubs and AI-powered liveops personalization tools within Nexters’ DTC channel.

Together, these capabilities create a scalable operating layer for DTC commerce, player engagement, and long-term monetization, positioning direct-to-consumer as a core growth channel designed to create seamless player experiences, strengthen ownership, and unlock greater value across global markets.

“Aghanim’s superior product, professional team, and unparalleled expertise at the intersection of fintech and video games have already opened new horizons for our growth efforts,” said Anton Reinhold, CEO of Nexters.

“We are thrilled to collaborate closely with Nexters, one of the global leaders in the gaming industry. By leveraging Aghanim’s DTC commerce infrastructure to tackle challenges such as global payments, web-based engagement, retention, liveops, and fraud prevention, Nexters expands its ability to capture more value across its DTC operations, driving greater monetization efficiency and stronger margins,” said Constantin Andry, Co-CEO of Aghanim.

About Nexters Global
Nexters Global is a game development studio under GDEV, known for operating globally successful video games through disciplined liveops execution and long-term player engagement. In 2024, Nexters Global generated $403.6 million in revenue, underscoring its strong financial track record and continued contribution to GDEV’s broader games portfolio.

About Aghanim
Aghanim is an integrated commerce, liveops automation, community engagement, and payments platform for video games. Aghanim helps studios expand their games to the direct-to-consumer web by launching browser-based game hubs, monetizing players through AI-powered personalized offers, running hundreds of programmatic liveops experiments, and enabling seamless global payments through high-performing, secure, compliant, and fraud-resilient multinational infrastructure.

Founded in California, USA, by Harvard alumni and former C-level executives with over 40 years of combined experience at the intersection of fintech and gaming, the team is redefining how video games are distributed and monetized.

For more information about Aghanim, visit: https://aghanim.com/

Contacts

Media Contact:
press@aghanim.com

Appier Delivers Record-High Revenue, Profitability and Core Free Cash Flow

Q2 results exceed guidance on both revenue and profit; full-year outlook raised

Highlights and achievements of Q2 FY26

  • Revenue exceeded guidance to reach a record JPY 12.9 billion, up 24.6% YoY, driven by strong organic business growth of 29.6% YoY.
  • Gross profit reached a record JPY 7.7 billion, up 33.5% YoY, with gross margin surpassing 60% for the first time at 60.1%.
  • Growth momentum accelerated across key markets, supported by robust organic growth, with revenue in US & EMEA up 59% YoY and NEA up 33% YoY.
  • Operating profit beat guidance, rising 82.8% YoY to JPY 1.5 billion, with margin reaching 11.5%, driving OPEX efficiency alongside incremental gross profit, despite FX headwinds.
  • Core free cash flow hit a quarterly record of JPY 2.3 billion, up 243.6% YoY, with a 17.7% margin, strengthening capacity for future growth and shareholder returns.
  • Raised FY26 guidance to JPY 54.4 billion for revenue and JPY 5.0 billion for operating income, backed by strong H1 organic growth and margin expansion.

Accelerated Organic Growth and Margin Expansion Reinforce the Positive Outlook for Q3 Onward

SINGAPORE, Aug. 13, 2026 /PRNewswire/ — Appier Group Inc. (TSE: 4180, “Appier”), an Agentic AI-native company delivering AI as a Service for enterprise marketing, today announced its Q2 2026 financial results. Revenue reached a record JPY 12.9 billion, up 24.6% YoY, driven by organic revenue growth of 29.6% YoY, demonstrating robust top-line momentum and putting H1 performance ahead of plan.

Gross profit reached a record JPY 7.7 billion, up 33.5% YoY, while gross margin surpassed 60% for the first time to reach a record high of 60.1%. Organic gross profit grew 43.5%, outpacing reported growth. Agentic AI adoption across R&D has shortened development cycles and accelerated product improvements, driving the quarter’s margin expansion and record core free cash flow.

Growth was driven by organic business across key regions and verticals. U.S. & EMEA (20% of revenue) increased 59% YoY, while Northeast Asia (72% of revenue) delivered 33% growth from a high base. Technology-driven expansion and strong sales execution increased wallet share among key enterprise accounts.

Company-wide Agentic AI adoption lifted productivity to a record high, with quarterly gross profit per employee up 38% YoY, supporting continued margin expansion. Customers grew 12% YoY, while organic ARPC rose 11% on an FX-neutral basis through existing account expansion and key enterprise wins.

Record Operating Profit Margin and Core Free Cash Flow Strengthen Capacity for Growth and Shareholder Returns

Operating profit rose 82.8% YoY to JPY 1.5 billion, with an 11.5% margin, driving OPEX efficiency alongside incremental gross profit despite FX headwinds. Core free cash flow hit a quarterly record of JPY 2.3 billion, up 243.6%, with a 17.7% margin, highlighting strong cash generation and operational efficiency and reinforcing capacity for future growth and shareholder returns.

Raised FY26 Guidance on Q2 Outperformance and Sustained Positive Outlook into Q3

Supported by strong H1 organic growth and margin expansion and ongoing positive outlook in Q3, Appier raised its FY26 guidance to JPY 54.4 billion for revenue and JPY 5.0 billion for operating income. Additionally, Q3 revenue is projected at JPY 13.8-13.9 billion (organic business expected to remain above 25% YoY growth), and operating income at JPY 1.5-1.7 billion, reflecting sustained organic growth momentum, supported by continued enhancements in profitability and operational efficiency.

“While the broader market remains focused on AI’s potential, Appier’s results this quarter demonstrate proven, measurable P&L impact,” said Dr. Chih-Han Yu, CEO and Co-founder of Appier. “For more than a decade, our strategy has centered on a single core principle: AI should generate measurable ROI for both our customers and stakeholders. As this business model compounds, it reinforces our conviction to build Appier into an enduring leader in enterprise AI.”

Disciplined Capital Allocation Fuels Compounding Growth and Shareholder Value 

Appier is deploying its growing core free cash flow with discipline to maximize long-term shareholder value. Capital allocation priorities include prudent R&D investment in vertical AI and agentic engineering, expansion into new markets and key enterprise accounts. Strong cash generation also provides greater flexibility to enhance shareholder returns through share buybacks and dividends.

These investments power a self-reinforcing flywheel: greater AI efficiency expands margins and improves client ROI; stronger ROI deepens wallet share and enriches the data advantage; richer data further sharpens AI performance. Each cycle compounds Appier’s growth and profitability.

About Appier

Appier (TSE: 4180) is an AI-native Agentic AI as a Service (AaaS) company that empowers business decision-making with cutting-edge AdTech and MarTech solutions. Founded in 2012 with the vision of “Making AI Easy by making software intelligent,” Appier endeavors to help businesses turn AI into ROI with its Ad Cloud, Personalization Cloud, and Data Cloud solutions. Now Appier has 17 offices across APAC, the US and EMEA, and is listed on the Tokyo Stock Exchange. Visit www.appier.com for more company information, and visit ir.appier.com/en/ for more IR information.

PayerMax Enables Last War to Integrate Rakuten Pay, Expanding Market Access to Japan


SINGAPORE – Media OutReach Newswire – 13 August 2026 – Global fintech company PayerMax today announced that Last War: Survival Game (“Last War”), one of the world’s leading strategy mobile games, has successfully integrated the cashless payment service Rakuten Pay, marking a key milestone for the company.

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As a leading overseas payment service provider (PSP), PayerMax has integrated Rakuten Pay to enable international merchants to adopt this payment method in Japan. This integration marks a significant milestone in the technical collaboration, successfully supporting merchants in leveraging Rakuten Pay for their local operations.

The milestone not only enhances the localized payment experience for Last War players in Japan, but also demonstrates how international game publishers can leverage trusted local payment partnerships to accelerate market entry, strengthen localization and better engage Japanese consumers.

Connecting with Japanese Players Starts with Local Payments

As more global game publishers expand into Japan, localized payment experiences have become an increasingly important part of player acquisition, monetization and long-term growth.

As one of the flagship payment services within the Rakuten Ecosystem, Rakuten Pay plays a central role in Japan’s digital commerce landscape. The Rakuten Ecosystem connects more than 100 million registered members across e-commerce, financial services, travel, mobile and offline retail, and Rakuten Pay has become one of Japan’s most widely adopted local payment methods.

For international game publishers, integrating Rakuten Pay is about more than offering another payment option. It provides access to one of Japan’s most established consumer ecosystems, allowing games to deliver payment experiences aligned with local player preferences while building stronger engagement in one of the world’s most competitive gaming markets.

Supporting Last War Highlights PayerMax’s Local Payment Expertise in Japan

As one of the fastest-growing strategy games worldwide, Last War continues to expand its global footprint, with Japan representing one of its key strategic markets. As expectations for localized payment experiences continue to rise, enabling familiar and trusted local payment methods has become an important part of enhancing player experience and supporting sustainable growth.

With support from PayerMax, Last War successfully integrated Rakuten Pay, becoming a leading overseas game to support the payment method and offering Japanese players a more localized and seamless payment experience.

Designed to support international businesses entering Japan, PayerMax provides a unified payment solution that bridges the gap between global merchants and the local ecosystem. By leveraging PayerMax’s integration with Rakuten Pay, PayerMax serves as a gateway for international businesses to establish a strong presence in the Japanese market.

Faster Market Entry

Through PayerMax’s system integration with Rakuten Payment, eligible merchants benefit from a standardized integration pathway that shortens implementation timelines and accelerates go-to-market execution in Japan.

Reliable Compliance and Fund Management Enablement

Leveraging the established business relationships between PayerMax and Rakuten Pay, merchants are empowered to integrate Rakuten Pay through a streamlined, standardized pathway which is aligned with Japan’s local regulatory and operational requirements, thereby delivering a payment experience that resonates with the everyday spending habits of Japanese players. Furthermore, within this collaborative framework, PayerMax and Rakuten Pay facilitate the unified orchestration of critical processes including KYC, anti‑money laundering (AML) and fund management, effectively alleviating the operational complexities and associated costs of local payment execution. This enables merchants to refocus their resources on sustainable business growth and enriched player engagement.

Access to Japan’s Consumer Ecosystem

Through PayerMax, businesses can better engage local consumers, strengthen brand presence and build sustainable long-term growth in Japan.

The successful integration for Last War not only demonstrates the commercial value of the partnership between PayerMax and Rakuten Payment, but also provides a proven reference for more global game publishers and digital content companies expanding into Japan.

Executive Quotes

Hiroki Sogawa, Executive Officer, Rakuten Payment, said:

“We are pleased to partner with PayerMax and to see Last War, a leading title, successfully integrate Rakuten Pay as a payment option. Through this collaboration, we look forward to supporting more international businesses and digital content providers in delivering trusted, localized payment experiences for Japanese consumers.”

Will, APAC General Manager of PayerMax, said:

“Integrating with Rakuten Pay marks an important milestone in PayerMax’s expansion of local payment capabilities in Japan. The successful launch of Last War reflects the strength of our partnership and demonstrates our ability to help global game publishers and international businesses localize faster through trusted local payment infrastructure. Looking ahead, we will continue working with leading local payment partners worldwide to deliver secure, compliant and scalable payment solutions for global merchants.”

Strengthening Local Payment Infrastructure for Global Growth

The partnership with Rakuten Payment represents another important milestone in PayerMax’s strategy to strengthen local payment infrastructure across key global markets and further expand its local payment capabilities in Japan.

Today, PayerMax supports businesses across more than 150 markets and offers access to over 600 payment methods worldwide, backed by an extensive network of local payment partners spanning Japan, Southeast Asia, the Middle East, Latin America and other high-growth regions.

Rather than simply aggregating payment methods, PayerMax focuses on connecting businesses with the local payment ecosystems that shape consumer behavior in each market. By combining enterprise-grade payment technology with trusted local partnerships, PayerMax enables international businesses to localize faster, operate more efficiently and achieve sustainable global growth.

Hashtag: #PayerMax #RakutenPay

The issuer is solely responsible for the content of this announcement.

First Phosphate to Ring Nasdaq Opening Bell to Mark Company Listing on the Nasdaq Global Market

Saguenay, Quebec – Newsfile Corp. – August 13, 2026 – First Phosphate Corp. (NASDAQ: PHOS) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce that its board and management team will be present at the Nasdaq Market Site (Times Square, New York) on Thursday, August 13, 2026, to ring the Nasdaq Opening Bell in celebration of the Company’s recent listing on the Nasdaq Global Market.

The ceremony recognizes the Company’s journey from its founding to a recognized leader in the building and onshoring of a vertically integrated mine-to-market lithium iron phosphate (“LFP”) battery supply chain for North America.

“We are pleased to be able to offer accessibility in the shares of First Phosphate to investors around the world who wish exposure to rare North American igneous phosphate,” says John Passalacqua, CEO of First Phosphate. “It has been our goal since the outset to build Saguenay-Lac-St-Jean, Quebec into the mine-to-market LFP battery valley of North America.”

The Opening Bell ceremony will be broadcast live beginning at 9:15 a.m. ET on Thursday, August 13, 2026 on the Nasdaq website at https://www.nasdaq.com/marketsite/bell-ringing-ceremony.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/309336_d175e74764b60812_001full.jpg

About First Phosphate Corp.
First Phosphate (NASDAQ: PHOS) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) is a mineral exploration and development and clean technology company dedicated to building and reshoring a vertically integrated mine-to-market supply chain for the production of LFP batteries in North America. Target markets include energy storage, data centers, robotics, mobility, and national security. First Phosphate’s flagship Bégin-Lamarche property, located in Saguenay-Lac-Saint-Jean, Québec, Canada, represents a rare North American igneous phosphate resource producing high-purity phosphate characterized by very low levels of impurities.

Media & Investor Contact:
Bennett Kurtz
Chief Financial Officer
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:
X: https://x.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate

Forward-Looking Information and Cautionary Statements
This release includes certain statements that may be deemed “forward-looking information”. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In particular, this press release contains forward-looking information relating to, among other things, the building and onshoring of a vertically integrated mine-to-market lithium iron phosphate battery supply chain for North America and the Company’s future contributions to such endeavour.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, development and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions that engineering and construction timetables and capital costs for the Company’s, exploration, development and expansion projects are correctly estimated and not affected by unforeseen circumstances; the ability to obtain financing for its proposed operations on acceptable terms; no material deterioration in general business and economic conditions; no material delays in obtaining permits and other approvals; no significant disruptions affecting the activities of the Company or its ability to access required project equipment and services, and operating supplies in sufficient quantities and on a timely basis; inflation and prices for Company project inputs being approximately consistent with anticipated levels; the ability to complete the exploration and development programs consistent with the Company’s expectations; commodity price expectations including assumptions for P2O5; the Company’s relationship with local municipalities and First Nations remaining consistent with the Company’s expectations; the Company’s relationship with other third-party partners and suppliers remaining consistent with the Company’s expectations; and government relations and actions being consistent with Company expectations. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. The Company does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. All forward-looking information contained in this release is qualified by these cautionary statements.

The issuer is solely responsible for the content of this announcement.