Fort Technology Signs Agreements for the Acquisition of Logia USA - Fuel Integrity Solutions for Data Centers Company

Toronto, Ontario, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Fort Technology Inc. (Nasdaq: FRTT, TSXV: FORT) (“Fort” or the “Company”), today announced that it has entered into a share transfer agreement dated August 11, 2026 (the “Share Transfer Agreement”), with Logia USA Inc. (“Logia USA”), a company focused on selling advanced fuel integrity solutions for data centers and other mission-critical facilities in the US, and its founder and sole shareholder, Yair Harel (the “Founder”), to acquire 50.1% of the issued and outstanding shares of Logia USA (the “Acquisition”). The Founder is an arm’s length party to the Company.

Under the Share Transfer Agreement, Fort will acquire 50.1% of the issued and outstanding equity of Logia USA in exchange for common shares of Fort (the “Common Shares”, and 132,603 Common Shares issued as consideration, “Payment Shares”) having an aggregate value of US$125,000. The Payment Shares will be issued at an issuance price equal to US$0.942664, or CAD$1.3142 using a Bank of Canada conversion rate of US$1:CAD$1.3942 as of August 10, 2026 (the “Fort Share Value”), being the average closing price per Common Shares on the Nasdaq for each of the 14 consecutive trading days ending on (and including) the trading day immediately preceding the effective date of the Share Transfer Agreement (the “Effective Date”).