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Passive income is characterized by its ability to generate revenue without requiring the earner’s continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence. The more passive income can help cover rising costs such as mortgages, insurance, taxes, and other expenses, the easier it is for investors to set aside money for future needs as they prepare for retirement. Dependable, recurring dividends from quality ultra-high-yield stocks are a recipe for success. For investors with a higher risk tolerance who are seeking over $12,000 in passive income per year, the five stocks in our $100,000 ultra-high-yield portfolio can deliver the goods. Plus, all have Buy ratings from the top Wall Street firms we cover at 24/7 Wall St.

We screened our 24/7 Wall St. ultra-high-yield dividend stock list, looking for companies that pay massive, double-digit, ultra-high-yield dividends, offering risk-tolerant investors stability and dependability. Investing $20,000 in each of the five will generate over $12,000 in passive income every year—$12,203 to be exact. Share purchase amounts, dividends, and income paid are as of the time of this writing.

Why do we cover ultra-high-yield dividend stocks?

While they are not suited for everybody, those trying to build strong passive income streams can do exceptionally well with these five top companies in their portfolios. Paired with more conservative blue-chip dividend giants, investors can use a barbell approach to generate substantial passive income.

AGNC Investment AGNC Investment (NASDAQ: AGNC | AGNC Price Prediction) provides private capital to the U.S. housing market. The company has paid solid monthly dividends for years. It is currently yielding 14%, providing private capital to the U.S. housing market, enhancing liquidity in the residential real estate mortgage markets, and, in turn, facilitating home ownership.

The company invests primarily in agency residential mortgage-backed securities (RMBS) on a leveraged basis. These investments consist of residential mortgage pass-through securities and collateralized mortgage obligations for which a U.S. government-sponsored enterprise guarantees the principal and interest payments.

AGNC buys debt from the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Together, Fannie Mae and Freddie Mac are known as the GSEs, or government-sponsored enterprises. Alternatively, AGNC may purchase debt from a U.S. government agency, such as the Government National Mortgage Association (Ginnie Mae).

$20,000 will buy 1,900 shares, which pay $1.44 per year. That equals $2,735, and those dividends are paid monthly.

Wells Fargo has an Overweight rating with a $12 target price.

Ares Capital The company specializes in providing financing solutions for the middle market and appears poised to reach new highs, garnering a Buy rating from 7 analysts and yielding a 10.20% dividend yield. Ares Capital (NASDAQ: ARCC) is a high-yielding business development company (BDC) specializing in acquisitions, recapitalizations, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions for middle-market companies.

As America’s largest BDC, Ares Capital leverages a massive capital base to maintain a diversified portfolio of over 400 companies, with no single investment exceeding 3%. Its primary risks include heavy exposure to the software sector and the inherent cyclicality of private credit. The firm also provides growth capital and general refinancing. It prefers to invest in companies in basic and growth manufacturing, business services, consumer products, healthcare products and services, and information technology. The fund will also consider investments in industries such as:

Restaurants Retail Oil and gas Technology It focuses on investments in the Northeast, Mid-Atlantic, Southeast, and Southwest regions from its New York office; the Midwest region from its Chicago office; and the Western region from its Los Angeles office.

The fund typically invests between $20 million and $200 million, with a maximum of $400 million, in companies with EBITDA between $10 million and $250 million annually. It makes debt investments ranging from $10 million to $100 million. The fund invests through:

Revolvers First-lien loans Warrants Unitranche structures Second-lien loans Mezzanine debt Private high yield Junior Capital Subordinated debt Non-control preferred and common equity The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically acquires stressed and discounted debt positions. Ares Capital prefers to act as an agent and lead transactions in which it invests. The fund also seeks board representation in its portfolio companies.

$20,000 would purchase 1,075 shares that pay $1.92 per year, for a total of $2,065.

Truist Financial has a Buy rating and a $22 target price.

Blackstone Secured Lending Fund Run by one of the world’s biggest asset managers, and paying a stunning 13% dividend, this is a solid anchor position for the portfolio. Blackstone Secured Lending Fund (NYSE: BXSL) is an externally managed, non-diversified, closed-end management investment company. Its investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation.

About 98% of the company’s portfolio is invested in first-lien, senior-secured debt, meaning it sits at the very front of the repayment queue if a borrower runs into trouble, a figure virtually unmatched among large BDCs. Its non-accrual rate was just 0.6% as of the end of 2025, one of the lowest in the sector, and the average loan-to-value across the portfolio stood at 50.5%.

The fund invests at least 80% of its total assets in secured debt investments. It seeks to achieve its investment objectives primarily through originated loans and other securities, including syndicated loans of private U.S. companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans, and other debt and equity securities.

It invests across various sectors, including aerospace and defense, air freight and logistics, building products, commercial services and supplies, healthcare providers and services, and others. Blackstone Credit BDC Advisors externally manages the company.

$20,000 would buy 850 shares that pay $3.08 per year, for a total of $2,618.

Truist Financial has a Buy rating with a $30 target price.

Starwood Property Trust Starwood Capital is a well-established global investor with international investments across more than 30 countries. It is an affiliate of Starwood Property Trust (NYSE: STWD), which boasts a 11.30% dividend yield and is led by real estate legend Barry Sternlicht. The real estate investment trust (REIT) operates in the United States, Europe, and Australia through four segments:

Commercial and Residential Lending Infrastructure Lending Property Investing and Servicing The Commercial and Residential Lending segment:

Originates, acquires, finances, and manages commercial first mortgages Non-agency residential mortgages Subordinated mortgages Mezzanine loans Preferred Equity Commercial mortgage-backed securities (CMBS) Residential mortgage-backed securities The Infrastructure Lending segment originates, acquires, finances, and manages infrastructure debt investments. The Property segment primarily develops and manages equity interests in stabilized commercial real estate properties, including multifamily and net-leased commercial properties, held for investment purposes.

The Investing and Servicing segment:

Manages and works out problem assets Acquires and holds unrated, investment-grade, and non-investment-grade rated CMBS comprising subordinated interests of securitization and re-securitization transactions Originates conduit loans to sell these loans into securitization transactions and acquire commercial real estate assets, including properties from CMBS trusts Keefe, Bruyette & Woods has an Outperform rating and a $20 target price.

$20,000 will purchase 1,115 shares that pay $1.92 per year. That equals $2,140 in passive income.

Trinity Capital Trinity Capital (NASDAQ: TRIN) offers venture debt financing to high-growth, venture capital-backed startups. Based in Phoenix, this company also pays a massive 12.10% dividend. It is an internally managed, closed-end, non-diversified management investment company that operates as a BDC. It is a specialty lending company that provides debt, including loans and equipment financing, to growth-stage companies, including venture-backed companies and companies with institutional equity investors.

Its investment objective is to generate current income and capital appreciation through its investments across five vertical markets. It seeks to achieve its investment objective by making investments consisting primarily of term loans, equipment financings, working capital loans, equity, and equity-related investments. The equipment financings involve loans for general or specific use, including the acquisition of equipment that is secured by the portfolio company’s equipment or other assets. Trinity Capital invests in growth-stage companies, which are typically private and often backed by institutional investors.

$20,000 will buy 1,295 shares that pay $2.04 per year. That totals $2,645.

UBS has a Buy rating with a $17 price target.

April net investment activity reached a multi-year low as rising stock valuations and BDC sector weakness prompted a cautious approach and selective BDC purchases. Focused April allocations on Ares Capital, Blue Owl Capital, and Hercules Capital, yielding a 7.5% average on new investments despite sector headwinds. Dividend income set a modest April record at $990, up 3% year-over-year, with BDCs contributing 27% of Q2 year-to-date dividends but facing potential further cuts.

© robertcicchetti / Getty Images

Pre-Market Stock Futures: Futures are trading lower on Tuesday, but the technology tsunami continued on Monday, as all major indices dipped into the red early on news that Iran was halting the peace negotiations and would block the Strait of Hormuz. But that sell-off lasted until about noon, before a big reversal, which, by that close, had all the major indices except the Russell 2000 ending the day higher.  The S&P 500, which is looking to post its 10th consecutive week of gains, once again finished at an all-time high, closing up 0.26% at $7,599, while the Nasdaq was last seen at 27,086, up 0.42%. The Dow Jones Industrial Average, which was down big early on, closed Monday at 51,078, up 0.09%. As mentioned, the only index to finish the day lower was the small-cap-loaded Russell 2000, which closed at 2,905, down 0.47%.

Treasury Bonds: Yields closed higher across the Treasury curve, except for the very long-end 20 and 30-year maturities, as hot rhetoric from Iran brought some sellers in after last week’s big rally in government debt. When the dust settled on Monday, the yields on the 20-year and 30-year bonds ended at 4.97%, a level that was surprisingly the same given the duration gap. This has happened in the past, as the 20-year Treasury has historically suffered from lower liquidity and different investor demand than the highly sought-after 30-year bond. 

Oil and Gas: Naturally, after a nice move lower in energy prices, which consumers could use ahead of the busy summer driving season, the major oil benchmarks jumped higher on news about Iran and some military exchanges in the Middle East. Brent Crude closed Monday at $95.33, up 4.62%, while West Texas Intermediate was last seen at $92.42, up a whopping 5.79%. Natural gas, which rallied sharply to end May, closed down 3.13% at $3.19. 

Gold: After a solid week to end May, the precious metals complex started June lower, despite geopolitical issues that often prompt investors to look to the sector. By the closing bell, Gold was quoted at $4,484, down 1.19%, while Silver ended Monday’s action at $74.74, down 0.54%. UBS said yesterday that it remains very bullish across all commodities in 2026. 

Crypto: Bitcoin dipped below $72,000 on Monday, falling roughly 2.5% over the past 24 hours. The decline followed a morning announcement from Strategy that it had sold 32 Bitcoin for approximately $2.5 million. This was its first sale since 2022, triggering selling pressure across the broader cryptocurrency market. At 8 AM EDT, Bitcoin traded at $69,370, while Ethereum traded at $1,974. 

24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. 

Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Tuesday, June 2, 2026.

Upgrades: Hewlett Packard Enterprise (NYSE: HPE | HPE Price Prediction) was upgraded to Buy from Hold at Loop Capital, which blasted the target price for the legacy technology giant to $75 from $23. Knight-Swift Transportation Holdings (NYSE: KNX) was upgraded to Positive from Neutral at Susquehanna, which lifted the target price to $90 from $72. Macerich (NYSE: MAC) was upgraded to Buy from Hold at Deutsche Bank, which raised the price target to $27 from $20. Meta Platforms (NASDAQ: META) was raised to Buy from Neutral at Arete, which boosted the target price for the tech giant to $735 from $614. Tripadvisor (NASDAQ: TRIP) was upgraded to Outperform from Neutral at Wedbush, which moved the price target to $19 from $12. Downgrades: Abivax (NASDAQ: ABVX) was downgraded to Hold from Buy at Jefferies, which cut the price target to $90 from $160. Danaher (NYSE: DHR) was assumed with a Peer Perform rating down from Outperform at Wolfe Research, without a target price. Intuit (NASDAQ: INTU) was downgraded to Sell from Neutral at Goldman Sachs, which slashed the target price for the stock to $276 from $519. Sherwin-Williams (NYSE: SHW) was cut to Neutral from Buy at UBS, which dropped the price target for the stock to $330 from $385. Taylor-Morrison Home (NYSE: TMHC) was downgraded to Hold from Buy at Truist, with a $72.50 tartget price. Berkshire Hathaway is purchasing the homebuilder. Initiations: CoreWeave (NASDAQ: CRWV) was initiated with an Outperform rating at BNP Paribas, which has a $192 target price. Guardant Health (NYSE: GH) was assumed with an Outperform rating at Wolfe Research, which lifted the target price for the shares to $150 from $120. Starwood Property Trust (NASDAQ: STWD) was resumed with a Buy rating at UBS, with a $21 target price objective. Take-Two Interactive Software (NASDAQ: TTWO) was started with an Overweight rating at Piper Sandler, with a $280 target price. Unity Software (NYSE: U) was assumed with an Overweight rating at Piper Sandler, which bumped the target price for the share to $40 from $35. 

APN Resources (LON: APN) executives said the company delivered strong first-half FY2026 growth and entered the second half with "great momentum," while maintaining full-year revenue guidance of £140 million despite shipping disruption tied to the evolving Middle East situation. Founder and CEO Thomas Ryder was joined on the call by COO Steven Granite and CFO Joe

Micron Technology (MU) delivered Q2 results and guidance that far exceeded Wall Street expectations, driven by AI-fueled memory demand. AI drone firm Swarmer (SWMR) jumps 1,000% in two days.

SWMR stock is moving. See the chart and price action here.  What Swarmer DoesSwarmer develops autonomy software that coordinates tactical drone swarms, allowing one operator to manage large numbers of unmanned systems for reconnaissance and strike missions. 

Its platform has already been deployed in combat, with tens of thousands of missions flown in Ukraine, giving the company a proprietary wartime dataset to refine its AI models.

IPO Fireworks And PullbackSwarmer priced its Tuesday IPO at $5 per share, raising about $15 million to fund hiring, product development and integration with drone manufacturers. 

Shares surged as much as 700% intraday on debut and closed up roughly 520% at $31, then extended gains above $50 before a sharp pullback left the stock still more than 300% above its offering price. 

Swarmer stock was down roughly 25% on Friday, but the cool‑off likely reflects profit‑taking after an unusually hot deal rather than a clear shift in the underlying defense AI narrative.

Like Palantir and Anduril, Swarmer is a software‑first defense contractor targeting data‑rich, mission‑critical workloads for Western allies. 

The real bull case is that AI-enabled swarming becomes a core layer of modern command‑and‑control, turning Swarmer's software into essential infrastructure for cheaper, scalable munitions—much like how Palantir's platforms are embedded into intelligence and battlefield decision systems.

Why Investors Are Betting BigGeopolitical tensions and the Pentagon's push for mass‑produced, low‑cost attack drones are driving renewed interest in AI defense names, and Swarmer sits directly in that slipstream. 

With U.S. defense spending still climbing and investors hungry for high‑growth, mission‑tested software stories, "the next Palantir or Anduril" narrative is doing real work here—Swarmer's IPO pop strongly suggests Wall Street thinks this might be it, at least for now.

What Could Go WrongAt this stage, however, Swarmer is a small, recently listed company with modest IPO proceeds and heavy reliance on a still‑evolving theater of war, which makes execution risk and contract concentration significant. 

For investors, the setup looks more like an early‑stage venture bet trading in public markets than a mature, data‑platform defense giant—high upside if swarm autonomy becomes standard, but with volatility to match.

SWMR Price Action: According to data from Benzinga Pro, Swarmer shares were down 25.73% at $39.02 on Friday, but remained 200% above the IPO price.

Photo: Parilov / Shutterstock

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Three IPOs priced this past week, joined by two SPACs, and one major issuer joined the pipeline. One IPO and one direct listing are currently scheduled in the week ahead, although some smaller issuers may join the calendar throughout the week. Street research is expected for one company in the week ahead, and three lock-up periods will be expiring.

Palantir Technologies has become one of the most valuable tech companies in the world due to its advanced data analytics and artificial intelligence (AI) capabilities, which have been in high demand. Its close relationship with governments around the world has led to terrific growth for the business.

One stock that's far smaller but might have plenty of upside for similar reasons is Swarmer (SWMR 6.39%), which recently went public. The company makes drone software that leverages AI, which can be crucial in warfare. Its shares have approximately tripled from the $12.50 they opened at on March 17, as retail investors appear to be extremely bullish about its long-term prospects.

Could the stock follow in the footsteps of Palantir and be the next hot AI stock to own?

Image source: Getty Images.

Why Swarmer's stock may continue to rally Swarmer is involved with drones, but rather than manufacturing them, it helps control them with software. It can help them work together as an efficient and coherent force. What makes Swarmer stand out is that its software is battle-tested, with the company claiming it has supported over 100,000 missions in Ukraine.

There is massive potential for Swarmer, which is why it could make for a compelling stock to own. While its sales declined in 2025 and totaled just $309,920, the company has a backlog totaling $16.3 million, which could flow through to its top line within the next couple of years. And there's another $16.8 million that it may be able to add on top of that, potentially turning this into a growth beast in the not-too-distant future.

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Has the stock gotten too hot to buy? Swarmer's software could be in high demand from government customers, potentially making it the newest hot tech stock in the space. It remains unprofitable (it incurred an $8.5 million loss last year) and still has a long way to go before proving it can be the next Palantir, but it certainly has plenty of room to grow. Currently, its market cap is around $470 million.

At this stage, however, the company still has a lot to prove, and there's plenty of risk that comes with the stock. Its incredible rally is exciting, but it could also make it vulnerable to a correction and sell-off if investor sentiment shifts. Plus, it's important to consider that there's plenty of competition in the space -- Swarmer may have a good track record, but whether it has a defendable competitive advantage is still a big question mark.

Ultimately, unless you have a high tolerance for risk and can stomach the inevitable volatility that may come with the stock, you may want to keep Swarmer on a watch list, rather than investing in it today.

AUSTIN, Texas, April 20, 2026 (GLOBE NEWSWIRE) -- AINewsWire Editorial Coverage: For decades, GPS has operated as the invisible infrastructure underpinning modern warfare, enabling everything from precision-guided munitions to autonomous drone navigation. That assumption of reliability is now disappearing in real time. Across active conflict zones, satellite navigation signals are being jammed, spoofed and degraded at scale, turning one of the most trusted systems in defense into one of its most vulnerable. The consequences are immediate and measurable: Drones lose positioning, missions fail mid-operation and entire systems become ineffective in contested environments. As electronic warfare capabilities advance, GPS is increasingly becoming the first system adversaries attempt to disable, forcing a rapid reassessment of how modern platforms operate without it. In response, defense organizations worldwide are accelerating the search for alternatives that can function independently of satellite signals.

Against this backdrop, SPARC AI Inc. (OTC: SPAIF) (profile) has developed a software-based solution designed specifically for this new operational reality. The company’s Overwatch platform enables drones to navigate and identify targets in GPS-denied environments, without requiring any hardware modifications. In a market dominated by complex, hardware-dependent systems, SPARC AI’s approach offers a scalable, rapidly deployable alternative built for the conditions defining modern conflict. The company joins other leaders, including Swarmer Inc. (NASDAQ: SWMR), Unusual Machines Inc. (NYSE American: UMAC), AgEagle Aerial Systems Inc. (NYSE American: UAVS) and ZenaTech Inc. (NASDAQ: ZENA), that are operating at the intersection of drones, AI and defense technology and focused on autonomous and military-grade unmanned systems.

The erosion of GPS reliability is not confined to isolated incidents; it is now a defining feature of modern warfare. Traditional approaches to GPS-denied navigation have largely relied on specialized hardware; SPARC AI addresses this challenge with a software-first model.The demand for GPS-independent navigation is not theoretical. Rather it is being driven by real-world conditions and reflected in market growth projections.The company is moving toward deployment in active conflict environments, including Ukraine, one of the most electronically contested battlefields in the world.One of the most significant differentiators for SPARC AI lies in its business model. Click here to view the custom infographic of the SPARC AI editorial.

GPS Denial Is Now Battlefield Reality

The erosion of GPS reliability is not confined to isolated incidents; it is now a defining feature of modern warfare. Electronic warfare systems are increasingly deployed as a first line of attack, targeting satellite navigation signals to disrupt operations before kinetic engagement even begins. A recent report detailed widespread GPS interference across the Middle East, where jamming has disrupted aircraft navigation and maritime traffic, highlighting how pervasive and disruptive these tactics have become.

Nowhere is this more evident than in Ukraine, where drone warfare has become central to battlefield strategy. According to IEEE Spectrum, Ukraine may be losing approximately 10,000 drones per month, with GPS jamming cited as a primary cause. This level of attrition underscores a critical vulnerability: Drones that rely solely on GPS are highly susceptible to disruption and often rendered ineffective in contested environments.

The strategic implications extend far beyond a single conflict. As noted by The National, GPS is increasingly viewed as the “first casualty” of modern conflict, reflecting how central electronic warfare has become in military planning. This shift is forcing defense organizations to reconsider foundational assumptions about navigation, targeting and operational resilience.

Procurement strategies are already adapting. Militaries are prioritizing systems that can operate independently of satellite signals, particularly for drones and autonomous platforms where reliability is mission critical. The requirement is no longer optional; it is becoming a baseline capability for deployment in contested environments.

In that context, the need for GPS-independent navigation is not just urgent, it is foundational. Solutions that can maintain positioning and targeting accuracy without relying on vulnerable external signals are rapidly moving from niche capabilities to core requirements. SPARC AI’s Overwatch platform is designed to meet that requirement directly, offering a software-based pathway to resilient navigation in the environments where it is needed most.

Software-First Navigation Without Hardware Limits

Traditional approaches to GPS-denied navigation have largely relied on specialized hardware, including custom sensors, inertial systems and proprietary platforms. While effective in certain contexts, these solutions can be expensive, difficult to integrate and slow to deploy at scale. This creates a significant barrier for military organizations that need rapid, flexible solutions across diverse fleets.

SPARC AI addresses this challenge with a software-first model. Its proprietary Overwatch system delivers GPS-denied navigation and precision target acquisition entirely through software, eliminating the need for hardware replacement. This means existing drones can be upgraded rather than replaced, dramatically reducing both cost and deployment timelines.

The platform is designed to be hardware agnostic, enabling installation across virtually any drone system. This is a critical advantage in defense environments, where fleets often consist of multiple platforms sourced from different manufacturers. By avoiding hardware lock-in, SPARC AI expands its addressable market while simplifying adoption for military operators. The company has already demonstrated this approach through the launch of its offline-capable tactical application. This capability allows drones to operate in fully disconnected environments, reinforcing the platform’s relevance in contested battlefields.

In an industry dominated by hardware constraints, SPARC AI’s software model represents a structural shift. It enables faster deployment, lower costs and broader scalability, all qualities that align directly with the urgent needs of modern defense operations.

A Rapidly Expanding Global Market Opportunity

The demand for GPS-independent navigation is not theoretical. Rather it is being driven by real-world conditions and reflected in market-growth projections. The broader drone market is expanding rapidly, with estimates indicating growth from $73 billion in 2024 to $163.6 billion by 2030. This expansion is fueled by both military and commercial adoption.

Within that broader ecosystem, the drone navigation systems segment is growing even faster. According to Technavio, the drone navigation market is projected to grow at a 31.7% CAGR, adding approximately $27 billion in value by 2030. This reflects the increasing importance of reliable navigation in autonomous systems. The military drone segment is expected to nearly double, reaching $98 billion by 2033, according to Grand View Research. As defense budgets prioritize autonomous capabilities, navigation resilience becomes a core requirement rather than an optional feature.

Additionally, the GPS-denied navigation market itself is estimated to grow at roughly 12% CAGR through 2035, driven by military modernization and contested battlespace requirements. This highlights a long-term structural shift rather than a short-term trend.

SPARC AI sits at the intersection of these converging growth vectors. Its platform directly addresses the capability gap driving demand, positioning the company to benefit from both the expansion of drone adoption and the increasing need for GPS-independent operation.

Battlefield Validation Drives Real Credibility

In defense technology, real-world performance carries far more weight than laboratory testing. Solutions must prove themselves in contested environments where conditions are unpredictable and adversaries actively attempt to disrupt operations. This is where SPARC AI’s approach gains a critical advantage.

The company is moving toward deployment in active conflict environments, including Ukraine, one of the most electronically contested battlefields in the world. Last month, the company announced the appointment of an on-ground referral agent operating within Ukraine to deepen the company's commercial engagement with Ukrainian defense stakeholders.

“The appointment reflects SPARC AI's commitment to accelerating the deployment of its Overwatch GPS-denied navigation and target acquisition platform in the world's most actively contested battlefield environment,” the announcement stated, noting the referral agent is based in-country and maintains established direct relationships with active Ukrainian defense personnel. This provides SPARC AI with a level of access and on-the-ground intelligence that cannot be replicated through remote engagement.

The scale of the challenge of disrupting operation reinforces the significance of this validation. With thousands of drones lost monthly due to electronic warfare, any solution that can maintain navigation and targeting capabilities under these conditions represents a meaningful advancement. Success in this environment demonstrates not just technical capability but operational reliability.

This level of validation is particularly important when engaging defense customers. Military procurement decisions are heavily influenced by proven performance in real-world scenarios, especially those involving active conflict. Demonstrating effectiveness under these conditions can significantly accelerate adoption.

Scalable Software Economics Drive Long-Term Value

One of the most significant differentiators for SPARC AI lies in its business model. Unlike traditional defense companies that rely on hardware manufacturing, the company operates as a software provider. This distinction has profound implications for scalability, margins and long-term growth.

Hardware-based defense solutions are constrained by production costs, supply chains and integration complexity. Each additional unit requires materials, manufacturing and logistics, limiting how quickly companies can scale. In contrast, software can be deployed across additional platforms with minimal incremental cost.

SPARC AI’s Overwatch platform benefits directly from this dynamic. Once developed, the software can be licensed and deployed across entire fleets without the need for physical production. This allows revenue to grow faster than costs, improving margins as adoption increases. The model also enables rapid global expansion. With an existing international software license, a growing referral network and partnerships such as an OEM trial in India, the company is building a commercial pathway that can scale quickly across multiple regions. Expansion into the U.S. defense market further amplifies this opportunity.

Perhaps most importantly, the platform creates a data-driven feedback loop. Each deployment generates operational data that can be used to improve the system’s performance. Over time, this creates a compounding advantage, one that becomes increasingly difficult for competitors to replicate.

In a world where drone adoption is accelerating and GPS reliability is declining, the combination of scalable software economics and mission-critical capability positions SPARC AI as a notable player in the next phase of defense technology evolution.

Drone Innovators Scale Across Defense Markets

Across global defense markets, a new generation of drone companies is rapidly advancing the integration of artificial intelligence, autonomy and military-grade unmanned systems. Recent developments highlight a shift toward scalable, software-driven platforms, domestic supply chain resilience and battlefield-proven capabilities, all of which are reshaping procurement priorities and investor focus.

Swarmer Inc. (NASDAQ: SWMR) has released the pricing and completion of its initial public offering. The announcement marks a significant milestone in the company’s growth trajectory. Swarmer priced its IPO at $5 per share, with its common stock beginning trading on the NASDAQ market under the ticker “SWMR.” This move positions the company to expand its AI-driven drone autonomy platform and scale operations. The company’s focus on software-based swarm coordination has already been validated in real-world environments.

Unusual Machines Inc. (NYSE American: UMAC) is accelerating motor factory output at its Orlando campus. According to the company, recent changes are expected to more than double daily production. The Company is currently producing approximately 15,000 motors per month and has added second and third shifts. Updates to equipment, staffing, and factory layout are expected to increase daily production from approximately 700 to 1,500 parts per day as additional capacity comes online.

AgEagle Aerial Systems Inc. (NYSE American: UAVS), operating under its EagleNXT brand, announced a strategic investment and joint venture aimed at expanding its presence in the counter-drone segment. The company disclosed a $10 million investment in Israel-based ThirdEye Systems and the formation of a U.S.-based joint venture to develop and produce counter-drone solutions.

ZenaTech Inc. (NASDAQ: ZENA) is advancing its defense-focused strategy through both acquisitions and direct engagement with military stakeholders. The company announced that its ZenaDrone division will showcase AI-powered defense drones at major industry events, targeting relationships with military decision-makers and government agencies. In addition, ZenaTech is expanding its Drone-as-a-Service footprint through acquisitions, recently completing its 21st acquisition.

Taken together, these developments reflect a sector undergoing rapid transformation as autonomy, artificial intelligence and defense priorities converge. The latest updates illustrate how companies are scaling production, expanding capabilities and securing strategic partnerships to meet the demands of modern warfare and national security. As geopolitical tensions persist and unmanned systems become increasingly central to military operations, the companies operating at this intersection are not only responding to current needs but also shaping the future architecture of defense technology.

For more information, visit SPARC AI.

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Partnership brings jamming-resistant communications into Swarmer’s next-gen autonomy stack April 29, 2026 16:05 ET  | Source: Swarmer

KYIV, Ukraine, April 29, 2026 (GLOBE NEWSWIRE) -- Swarmer, Inc (“Swarmer” or the “Company”) (Nasdaq: SWMR), a drone autonomy software company which has supported more than 100,000 real-world combat missions in Ukraine since April 2024, today announced its subsidiary, Swarmer Estonia OÜ, has entered into a memorandum of understanding with HIMERA to establish a strategic partnership focused on integrating resilient communications into Swarmer’s next-generation autonomy stack.

HIMERA is a Ukraine-based provider of jam-resistant, frequency-hopping radios engineered for connectivity under severe jamming conditions. HIMERA’s radios have been trusted by units requiring high-assurance communications in contested environments. That operational experience now becomes a foundational element of Swarmer’s autonomy stack, giving system vendors a pre-validated communications backbone designed for multi-vehicle missions where reliability directly affects operational outcomes.

Together, the two companies are combining battlefield-proven communications expertise with advanced autonomy software to deliver a new class of integrated solutions for unmanned operations at scale. The agreement reflects a shared approach: building systems that are designed from the ground up in contested, real-world battlefields rather than sterile laboratory conditions. By uniting autonomy software and resilient communications into a single, integrated offering, the partnership lowers the barrier for vendors to deploy reliable multi-vehicle systems while accelerating the adoption of resilient autonomy across all domains.

“Resilient communications is the cornerstone of multi-vehicle autonomy,” said Serhii Kupriienko, Global CEO of Swarmer. “We want to provide software that can coordinate large numbers of unmanned systems, across all domains, in the most challenging conditions. Integrating HIMERA’s proven radios strengthens that vision and accelerates our ability to deliver this kind of interoperable, highly reliable autonomy to our allies around the world.”

“Swarmer and HIMERA are aligned in one core belief: technology must be resilient, flexible and built around the real conditions operators face every day,” said Misha Rudominski, Co-Founder & CEO of HIMERA. “Combining our resilient communication system with Swarmer’s drone autonomy stack gives vendors an integrated, field-ready solution that increases reliability and removes unnecessary integration overhead. This partnership is born from real operational needs — the ones we encounter every day on the ground.”

This collaboration positions Swarmer and HIMERA not just as technology suppliers, but as co-creators of next-generation operational infrastructure for unmanned systems. The companies will jointly engage vendors and integrators across aerial, ground and maritime systems, offering the integrated communications–autonomy solution as a ready-to-deploy option.

About Swarmer
Swarmer™ is a defense technology company that specializes in vendor-agnostic technologies that address critical operational challenges faced by modern military forces. Swarmer’s primary mission areas include autonomous swarm coordination, multi-domain unmanned systems integration, AI-powered collaborative autonomy, and command and control software for distributed operations. The company’s primary customer base consists of drone manufacturers who license Swarmer’s software for integration with their hardware platforms. Swarmer’s technology has been rigorously validated in real-world kinetic environments and was first deployed in combat operations in Ukraine in April 2024. Since then, it has completed more than 100,000 combat missions, generating terabytes of proprietary data that informs its machine-learning models and enables the replication of advanced pilot performance at scale. With headquarters in Austin, Texas, Swarmer has offices in the U.S, Ukraine, Poland and Estonia.

About HIMERA
HIMERA is a Ukrainian developer and manufacturer of resilient communication systems for the Defense Forces. HIMERA solutions are battlefield-ready and are used in the hottest defensive and offensive operations in Ukraine. HIMERA is a multidisciplinary team of experts who are constantly improving the product line to meet the requirements of modern warfare. HIMERA products are already present in all types of units of the Ukrainian Defense Forces and have been validated by the US Special Operations Forces and various Defense Forces across NATO.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this release include, but are not limited to, statements regarding: the anticipated benefits of the strategic partnership between Swarmer Estonia OÜ and HIMERA; the expected integration of HIMERA's jam-resistant communications technology into Swarmer's autonomy stack; the ability of the combined solution to lower integration barriers for vendors and accelerate adoption of resilient autonomy; the companies' plans to jointly engage vendors and integrators across aerial, ground, and maritime domains; the expected deployment of an integrated communications-autonomy solution as a ready-to- deploy offering; and the Company's broader growth and product development strategy. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.

Factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the parties' ability to successfully execute on the memorandum of understanding and achieve the anticipated benefits of the partnership; challenges associated with integrating third-party communications technology into the Company's existing software platform; the ability to attract vendors and integrators for the combined solution; competition in the defense technology sector; the Company's reliance on government contracts and the associated procurement processes; geopolitical conditions affecting operations in Ukraine and other regions; risks related to operating through foreign subsidiaries; regulatory requirements applicable to defense technology exports and international partnerships; and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission.

The Company undertakes no obligation to update or revise any forward-looking statements, whether resulting from new information, future events, or otherwise, except as required by applicable law.

Investor Relations Contact: [email protected]

Media Relations Contact: [email protected] or [email protected]

May 04, 2026 08:00 ET  | Source: Swarmer

AUSTIN, Texas, May 04, 2026 (GLOBE NEWSWIRE) -- Swarmer, Inc (“Swarmer” or the “Company”) (Nasdaq: SWMR), a drone autonomy software company which has supported more than 100,000 real-world combat missions in Ukraine since April 2024, has announced plans to expand its advanced autonomy solutions in Japan with support from Rakuten Group, Inc.

Rakuten Group has provided consistent support to Ukraine throughout the war, demonstrating its commitment to the country’s people, economy and post-war reconstruction. As part of these ongoing efforts, Rakuten will now support the introduction of Swarmer’s technological offerings to the Japanese market. These activities will accelerate Swarmer’s entry into Japan’s advanced unmanned systems ecosystem.

“Japan is one of the world’s most sophisticated robotics environments and our long-term vision is to bring interoperable, high-assurance autonomy to partners who operate at that level,” said Serhii Kupriienko, Global CEO of Swarmer. “Rakuten’s reach, reputation and understanding of Japan’s technology priorities make them the ideal partner to scale advanced autonomy and multi-vehicle coordination across the region.”

Swarmer has successfully demonstrated an autonomous “seek and hit" operation using eight-inch attritable drones.

Rakuten has a significant presence in Ukraine, with Rakuten Viber boasting a 98% penetration rate. Additionally, Rakuten launched the Ukraine Humanitarian Crisis Emergency Relief Fund through its online donation platform, Rakuten Clutch Special Charity Fund, and held a t-shirt donation drive to support Ukraine that raised more than 1.3 billion yen. In January 2024, Rakuten announced the establishment of a new office in Kyiv.

The collaboration positions Swarmer to support research, security, infrastructure, and industry applications in Japan, building on the country’s leadership in robotics and advanced manufacturing.

About Swarmer

Swarmer™ is a defense technology company that specializes in vendor-agnostic technologies that address critical operational challenges faced by modern military forces. Swarmer’s primary mission areas include autonomous swarm coordination, multi-domain unmanned systems integration, AI-powered collaborative autonomy, and command and control software for distributed operations. The company’s primary customer base consists of drone manufacturers who license Swarmer’s software for integration with their hardware platforms. Swarmer’s technology has been rigorously validated in real-world kinetic environments and was first deployed in combat operations in Ukraine in April 2024. Since then, it has completed more than 100,000 combat missions, generating terabytes of proprietary data that informs its machine-learning models and enables the replication of advanced pilot performance at scale. With headquarters in Austin, Texas, Swarmer has offices in the U.S, Ukraine, Poland and Estonia.

About Rakuten Group

Rakuten Group, Inc. (TSE: 4755) is a global technology leader in services that empower individuals, communities, businesses and society. Founded in Tokyo in 1997 as an online marketplace, Rakuten has expanded to offer services in e-commerce, fintech, digital content and communications to 2 billion members around the world. The Rakuten Group has around 30,000 employees, and operations in 30 countries and regions. For more information visit https://global.rakuten.com/corp/.

Forward Looking Statements:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this release include, but are not limited to, statements regarding: the Company’s plans to expand its advanced autonomy solutions in Japan; the anticipated support from Rakuten Group, Inc. in introducing the Company’s technological offerings to the Japanese market; the expected benefits of the collaboration with Rakuten Group, Inc.; the Company’s anticipated entry into Japan’s unmanned systems ecosystem; the Company’s ability to support research, security, infrastructure, and industry applications in Japan; the anticipated scaling of the Company’s autonomy and multi-vehicle coordination technology across the region; and the Company’s broader international growth and product development strategy. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.

Factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the parties' ability to successfully execute on the collaboration and achieve the anticipated benefits of the relationship; the Company’s ability to enter and scale in the Japanese market; market acceptance of the Company’s autonomy, unmanned systems, and multi-vehicle coordination technologies; the Company’s ability to attract customers, vendors, integrators, and other partners in Japan and the broader region; competition in the defense technology, robotics, and unmanned systems sectors; the Company’s reliance on government contracts and the associated procurement processes; regulatory requirements applicable to defense technology, exports, sanctions, foreign investment, data security, and international partnerships; geopolitical conditions affecting operations in Ukraine and other regions; risks related to operating through foreign subsidiaries and conducting business in international markets; and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission.

The Company undertakes no obligation to update or revise any forward-looking statements, whether resulting from new information, future events, or otherwise, except as required by applicable law.

Investor Relations Contact: [email protected]

Media Relations Contact: [email protected]

Software license allocations to Kyiv-based Meta Bureau LLC could yield up to $13.2 million for Swarmer if all contract options are exercised May 13, 2026 07:58 ET  | Source: Swarmer

TALLINN, Estonia, May 13, 2026 (GLOBE NEWSWIRE) -- Swarmer, Inc. (“Swarmer” or the “Company”) (NASDAQ: SWMR), a drone autonomy software company which has supported more than 100,000 real-world combat missions in Ukraine since April 2024, today announced that Meta Bureau LLC awarded its subsidiary, Swarmer Estonia OÜ, a contract with an initial value of $2.86 million for more than 16,000 software licenses to be used aboard its SkyKnight quadcopter bombers and other unmanned aerial vehicles (UAVs). The contract also allows Meta Bureau to elect to upgrade certain licenses for an additional $10.4 million.

“Just like Meta Bureau, Swarmer’s technology is battle-proven and able to work together seamlessly to save lives and protect property,” said Serhii Kupriienko, Global CEO of Swarmer. “We are proud that we will be integrating our software with SkyKnight and other UAVs in Meta Bureau’s portfolio, and look forward to receiving additional real-world mission data to further enhance our models and refine the software’s performance.”

The contract includes two separate license allocations for the entire Swarmer Platform, which includes Swarmer’s Operating System (OS), Artificial Intelligence (AI) and User Interface (UI). It also includes one license allocation just for Swarmer OS, which can be upgraded to the full stack by adding Swarmer AI and Swarmer UI as an over-the-air update.

“SkyKnight has always been on the cutting-edge of AI on the battlefield,” said a Meta Bureau spokesperson. “We are very excited about integrating new and more advanced AI into our drones, and Swarmer's market-leading solution is the perfect fit. We look forward to scaling this and becoming the new market standard in smart, AI-enabled drones. The combination of SkyKnight with Swarmer will be a force-multiplier, a decisive advantage in our war against Russian invaders.”

About Swarmer

Swarmer™ is a defense technology company that specializes in vendor-agnostic software which allows one operator to intuitively control hundreds of autonomous platforms in real time. Swarmer’s primary mission areas include autonomous swarm coordination, integration of multi-domain unmanned systems and AI-powered autonomy software for distributed operations. Swarmer is not a drone manufacturer and does not depend on any single platform, supplier or hardware lifecycle. Instead, Swarmer operates at the intelligence layer, developing autonomy, coordination and decision-making software that enables large numbers of low-cost unmanned systems to operate collectively as one coherent, resilient force. Swarmer’s technology has been rigorously validated in real-world kinetic environments and was first deployed in combat operations in Ukraine in April 2024. Since then, it has completed more than 100,000 combat missions, generating terabytes of proprietary data that informs its machine-learning models and enables the replication of advanced pilot performance at scale. Swarmer’s routine use in combat missions generates continuous streams of telemetry, sensor data and operational feedback which are then used to refine performance, increase resilience and accelerate learning. Swarmer has headquarters in Austin, Texas, and maintains operations and teams in Ukraine, Poland and Estonia.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements that are not historical facts, including statements concerning the expected value, timing, scope, performance and benefits of Swarmer’s contract with Meta Bureau LLC; the potential exercise of contract options or software upgrades; the integration, testing, validation and deployment of Swarmer’s software with SkyKnight and other third-party unmanned systems; the expected performance of Swarmer’s software in operational environments; the use of telemetry, sensor data and operational feedback to improve Swarmer’s software and models; Swarmer’s product roadmap, commercialization plans, customer adoption, market opportunity, growth strategy and defense technology strategy; and any other statements using words such as “anticipate,” “believe,” “can,” “could,” “designed,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “seek,” “should,” “will,” “would” or similar expressions.

These forward-looking statements are based on current expectations, estimates, assumptions and beliefs and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, among others: the risk that contract options, upgrades or additional license allocations may not be exercised, funded or performed; the risk that expected contract value, revenue recognition, timing of delivery or customer acceptance may differ from current expectations; risks associated with integrating Swarmer software with third-party hardware, software, sensors, communications systems and unmanned platforms; technical, operational, cybersecurity, safety, testing, validation and field-performance risks; risks associated with the use of artificial intelligence, autonomy software, operational data, telemetry and sensor data; risks related to government, defense and international procurement processes; risks related to operating in or supporting customers in active conflict zones, including Ukraine; geopolitical, sanctions, export-control, defense-trade-control and other regulatory risks; risks related to working through foreign subsidiaries and international partners; reliance on partners, suppliers, customers and government stakeholders; competition in the defense technology sector; and the risk that the collaboration may not produce the anticipated operational, commercial, technical or strategic benefits.

Forward-looking statements speak only as of the date of this press release. Swarmer undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additional risks and uncertainties are described in Swarmer’s filings with the Securities and Exchange Commission, including under the caption “Risk Factors” in Swarmer’s registration statement and other filings filed with or furnished to the SEC.

Investor Relations Contact: [email protected]

Media Relations Contact: [email protected]

Swarmer NASDAQ: SWMR reported a sharp year-over-year decline in first-quarter revenue in its first earnings call as a public company, while management emphasized that the company is investing in platform development, partnerships and international expansion as it seeks to position its autonomy software for larger unmanned systems deployments.

President and U.S. CEO Alex Fink said the first quarter of 2026 was a “major milestone” for the company, marked by the completion of its initial public offering, additions to the leadership team and continued development of its software platform for autonomous and unmanned systems.

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Fink framed Swarmer’s opportunity around what he described as a shift in the global defense market toward artificial intelligence, autonomy and lower-cost unmanned platforms. He said the company is focused on the “intelligence layer” of unmanned systems rather than manufacturing drones, with software intended to coordinate large numbers of systems across different hardware platforms.

“As these systems proliferate by the millions, the limiting factor is no longer hardware,” Fink said. “It is the ability to coordinate, control, and scale those systems effectively.”

Revenue Falls as Company Cites Transition in Customer Base CFO Brooks Ensign said revenue for the first quarter of 2026 was $20,325, compared with $110,704 in the first quarter of 2025. The decline primarily reflected the wind-down of residual service-related deferred revenue associated with the company’s historically largest customer in Ukraine. Ensign said the company does not expect future revenue from that customer.

Gross loss for the quarter was $19,599, compared with gross profit of $65,162 a year earlier. Operating expenses rose to $4.5 million from $800,000 in the prior-year period, driven by consulting and professional services costs tied to becoming a public company, as well as increased spending on engineering and product development.

Net loss was $4.5 million, compared with a net loss of $0.7 million in the first quarter of 2025. Cash and cash equivalents totaled $23.5 million as of March 31, 2026, up from $9.3 million at Dec. 31, 2025. Ensign said the increase primarily reflected about $17.3 million in gross IPO proceeds and roughly $3.5 million in gross proceeds from the sale of Series A-1 convertible preferred stock.

Management cautioned that revenue may fluctuate between periods because Swarmer’s model is generally tied to customer deployment and software activation timelines. Ensign said software license revenue is typically recognized upon activation, while revenue tied to support and service obligations may be deferred and recognized over the applicable service period.

Fink said revenue can be a “trailing indicator” because of long procurement cycles in the defense sector. He said the company is monitoring indicators such as platform integrations, partner integrations, adoption within programs and movement from development toward production and deployment.

Swarmer Highlights Combat Use and Platform Strategy Fink said Swarmer’s platform has been used in more than 100,000 combat missions in Ukraine since April 2024 across nearly 50 military units. He said those missions generate telemetry, sensor data and operational feedback that the company uses to refine the platform.

During the question-and-answer session, Fink said early missions involved relatively simple operations such as multi-drone reconnaissance or mining operations, later progressing to bombing operations with multiple drones. He said Ukrainian deployments initially involved small groups of drones, starting with three and growing to roughly eight to 10 in some cases.

Fink said the missions have included varying levels of autonomy. In some earlier missions, the software controlled drones on the way to and from a target area while a pilot handled the moment of engagement. In later missions, he said operators could mark targets on a screen from reconnaissance drone feeds, with the system determining which attack drone should engage which target.

“That was not a decision for the operator to make,” Fink said, adding that the system evaluates which drone has the highest probability of hitting a target.

Meta Bureau Contract Includes Upgrade Potential Swarmer announced a $2.86 million contract with Meta Bureau, a Kyiv-based drone producer, during the quarter. Fink said the company’s technology will be used onboard SkyKnight quadcopter bombers and other UAVs. The agreement also includes optional upgrades that could add $10.4 million if fully executed.

In response to a question from Lucid Capital Markets analyst Alex Fuhrman, Fink said the customer selected Swarmer’s full autonomy stack for a portion of its drones and the company’s base operating system, Swarmer OS, for the rest of its production.

Fink said Swarmer OS includes features such as encryption, security, secure messaging between drones and video streaming to multiple viewers, but does not include autonomy. The customer can later upgrade drones using Swarmer OS to the full autonomy stack, including after deployment, he said.

The company also discussed its approach to pricing. Fink said Swarmer has chosen a per-unit licensing model because management expects drone unit volumes in the market to increase significantly. He said pricing depends on factors such as the integration effort required, the scalability of a device class and overall production volume.

Japan Expansion and Interceptor Development Fink said Swarmer is expanding beyond Eastern Europe, including a move into Japan with support from Rakuten Group, which agreed to serve as the company’s exclusive distributor in the market. He said the partnership is intended to introduce Swarmer’s autonomy platform into Japan’s unmanned systems ecosystem, with potential applications in defense, infrastructure and industrial markets.

The company also recently completed a demonstration of an autonomous “seek-and-hit” operation using attributable 8-inch drones, which Fink described as an early validation step for regional partners and customers.

Swarmer also announced that it is developing a deployable end-to-end drone interceptor kit in partnership with XDrone, NORDA Dynamics and Karadag Technologies. Fink said XDrone has delivered more than 70,000 drone systems to frontlines in Ukraine, NORDA’s software has been used on more than 60,000 drones and Karadag provides sensing technology for incoming threats.

Fink said Swarmer’s role is to integrate detection, guidance, coordination and execution capabilities into a unified autonomy layer. He estimated that integration for the interceptor effort could take roughly two to four months, while noting that the timeline could change depending on integration complexity and test results.

Investment Focus Remains on Engineering and Integrations Fink said the company’s near-term investment priorities include hiring more engineers, particularly for integration work across different hardware platforms. He said Swarmer’s goal is to move quickly to create tools that can be deployed and scaled for warfighters.

The company also highlighted the appointment of Mykhailo Nestor as chief product officer. Fink said Nestor previously helped scale digital product platforms at Kyivstar Group Ltd., part of VEON Ltd., and helped establish Kyivstar.Tech.

Asked by Northland Capital Markets analyst Michael Latimore about longer-term margins, Ensign said it was reasonable to think of gross margins above 70% as the company scales, while noting that the business includes service obligations and implementation work.

Fink closed the call by saying the company remains focused on expanding adoption, deepening integration with partners and supporting programs as they move into larger-scale fielding.

About Swarmer NASDAQ: SWMRWe are launching the future of autonomous warfare through combat-proven software that enables military forces to deploy and coordinate drone swarms at significant scale. While hardware manufacturers compete and as the go-to in an increasingly commoditized market, we seek to establish ourself as a critical software layer operating system for autonomous swarm operations positioning us to capture increased value as the global military drone market experiences growth projected to exceed 12% compound annual growth through 2030.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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June 03, 2026 08:00 ET  | Source: Powerus

Companies to jointly evaluate Swarmer’s vendor-agnostic coordination platform across Powerus air and maritime autonomous systems for defense, counter-drone, and critical-infrastructure missions

Powerus and Swarmer have signed a Memorandum of Understanding (MOU) to explore integrating Swarmer’s coordination software with Powerus air and maritime autonomous systems.The collaboration targets defense, counter-UAS, border security, and critical-infrastructure missions.Powerus has previously announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA); the merger has not closed and remains subject to customary closing conditions, including effectiveness of a Form S-4 registration statement and regulatory approvals. WEST PALM BEACH, Fla. and AUSTIN, Texas, June 03, 2026 (GLOBE NEWSWIRE) -- Autonomous Power Corporation, doing business as “Powerus,” and Swarmer, Inc. (Nasdaq: SWMR) (“Swarmer”) today announced that the two companies have entered into a Memorandum of Understanding (the “MOU”) to explore the technical and operational feasibility of integrating Swarmer’s vendor-agnostic swarming and coordination software with Powerus’s unified autonomous systems architecture. The collaboration is exploratory and is intended to evaluate joint deployment concepts for defense, critical infrastructure protection, border security, and counter-drone missions.

Under the MOU, the companies intend to assess interoperability between Swarmer’s multi-vehicle coordination platform and Powerus air and maritime platforms, mission systems, and U.S.-based manufacturing and integration resources. The MOU establishes a framework for good-faith technical exchanges, integration testing, and demonstration planning, and does not commit either company to any production, procurement, or financial obligation.

About the proposed collaboration

Within the exploratory scope of the MOU, the companies may evaluate, by mutual agreement:

interoperability between Swarmer’s coordination platform and Powerus heavy-lift vertical takeoff and landing (VTOL) and tactical unmanned air systems developed through PowerAir, and unmanned surface and maritime systems developed through PowerSea;coordinated multi-drone operations, including swarming, deconfliction, and distributed mission execution across heterogeneous unmanned systems;candidate concepts of operation and demonstration scenarios for counter-UAS, interceptor coordination, and critical-infrastructure protection; andmanufacturing and integration feasibility, supported by Powerus’s U.S.-based production base and strategic supplier network. Any activity beyond this evaluation — including any commercial, development, licensing, or supply arrangement — would be addressed only in one or more separate definitive agreements, which the companies are under no obligation to enter into.

Powerus perspective

“I first met the Swarmer team during my time volunteering in Ukraine, the same experience that shaped the idea behind Powerus,” said Brett Velicovich, President of Powerus. “Their software has been proven in more than 100,000 combat missions in one of the most demanding operational environments in the world. Exploring how it could work with our U.S.-built air and maritime platforms is exactly the kind of capability our customers are asking about.”

Swarmer perspective

"We see a strong demand signal in the U.S. for combat-proven technology that has been deployed in Ukraine," said Alex Fink, President and U.S. CEO of Swarmer. "We look forward to partnering with Powerus to deliver reliable autonomous solutions across air, land, and sea. We have been highly impressed by the quality of Powerus' existing VTOL, first-person view (FPV), and unmanned surface vehicle (USV) platforms, and we are excited about the possibility of creating a suite of autonomous products that will allow the U.S. to dominate its adversaries across all domains."

About Powerus

Powerus (Autonomous Power Corporation) builds and scales unified autonomous systems designed to move, protect, and sustain critical assets in high-risk environments, with capabilities spanning heavy-lift platforms, autonomous air systems, autonomous maritime systems, mission systems, training and support, and U.S.-based manufacturing. Powerus operates through its subsidiaries, each a Powerus company. Powerus previously announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA); the merger has not closed and remains subject to the satisfaction of customary closing conditions, including the effectiveness of a registration statement on Form S-4 and applicable regulatory approvals. Learn more at power.us.

About Swarmer

Swarmer™ is a defense technology company that specializes in vendor-agnostic software which allows one operator to intuitively control hundreds of autonomous platforms in real time. Swarmer’s primary mission areas include autonomous swarm coordination, integration of multi-domain unmanned systems and AI-powered autonomy software for distributed operations. Swarmer is not a drone manufacturer and does not depend on any single platform, supplier or hardware lifecycle. Instead, Swarmer operates at the intelligence layer, developing autonomy, coordination and decision-making software that enables large numbers of low-cost unmanned systems to operate collectively as one coherent, resilient force. Swarmer’s technology has been rigorously validated in real-world kinetic environments and was first deployed in combat operations in Ukraine in April 2024. Since then, it has completed more than 100,000 combat missions, generating terabytes of proprietary data that informs its machine-learning models and enables the replication of advanced pilot performance at scale. Swarmer’s routine use in combat missions generates continuous streams of telemetry, sensor data and operational feedback which are then used to refine performance, increase resilience and accelerate learning. Swarmer has headquarters in Austin, Texas, and maintains operations and teams in Ukraine, Poland and Estonia.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Memorandum of Understanding between Powerus and Swarmer; the anticipated scope, objectives, and potential benefits of the contemplated collaboration; the potential integration or interoperability of the companies’ respective technologies and platforms; the possibility that the companies may enter into one or more definitive agreements; the anticipated capabilities, applications, or markets for any resulting offering; and the proposed merger between Powerus and Aureus Greenway Holdings Inc. and its expected timing. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially.

Such risks and uncertainties include, without limitation: (i) the MOU establishes a framework for exploratory evaluation only, does not obligate either party to proceed with any transaction, and either party may decline to proceed at any time, for any reason or no reason, without liability; (ii) the risk that the parties do not enter into any definitive agreement and that no commercial relationship results from the MOU; (iii) the risk that integration of the parties’ technologies proves technically or operationally infeasible, or does not meet performance, security, or customer requirements; (iv) the risk that anticipated benefits, applications, or markets do not materialize on the expected timeline or at all; (v) the risk that the proposed merger between Powerus and Aureus Greenway Holdings Inc. is not completed on the expected timeline or at all, including the risk that the Form S-4 does not become effective or that required approvals are not obtained; (vi) competitive, regulatory, export-control, and government-procurement risks affecting the defense technology sector; and (vii) the other risks described in the filings of Aureus Greenway Holdings Inc. and Swarmer, Inc. with the U.S. Securities and Exchange Commission.

In connection with the proposed merger, Aureus Greenway Holdings Inc. has filed or will file relevant materials with the SEC, including a registration statement on Form S-4 containing a proxy statement/prospectus. Investors and security holders are urged to read those materials when available because they contain important information. Forward-looking statements speak only as of the date of this release, and except as required by law, neither company undertakes any obligation to update them. This release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

NO OFFER OR SOLICITATION
This document is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

IMPORTANT INFORMATION AND WHERE TO FIND IT
In connection with the transaction, AGH will file a registration statement on Form S-4 with the SEC, which will include an information statement and preliminary prospectus of AGH. After the registration statement is declared effective, AGH will mail to its stockholders a definitive information statement. Additionally, AGH expects to file other relevant materials with the SEC in connection with the merger. Investors and security holders are urged to read the registration statement and joint information statement/prospectus when they become available (and any other documents filed with the SEC in connection with the transaction or incorporated by reference into the joint information statement/prospectus) because such documents will contain important information regarding the proposed transaction and related matters. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by AGH through the website maintained by the SEC at http://www.sec.gov or at AGH’s website at https://www.aureusgreenway.com/secfilings.

Media and Investor Contacts
Powerus — Media: Escalate PR contact / [email protected]
Powerus — Investor Relations: Jason Assad / 678-570-6791
Swarmer — Media: [email protected]
Swarmer — IR: [email protected]

LONDON, Ontario, May 07, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced the appointment of Scott Smith, M.A.Sc., P.Eng., as Program Director, Petroleum Technology Solutions. Mr. Smith will advance the Company’s petroleum applications and support technical development of Hydrochemolytic™ Technology (HCT) solutions for bitumen and paraffinic crude upgrading.

The appointment follows completion of research and development work that expanded the application of HCT to paraffinic and waxy crude oils, broadening the Company’s petroleum activities beyond its established bitumen focus and supporting the evaluation of new potential commercial and industry relevant applications.

Key Highlights

Senior industry appointment. Scott Smith joins Aduro with more than 25 years of process and energy technology development experience, including 17 years at Cenovus Energy where he most recently led an enterprise-wide innovation portfolio across upstream and downstream operations.Aligned to recent technical milestone. Builds on recent technical milestones associated with Aduro’s continuation-in-part (CIP) patent application filing, including feedstock characterization, product analysis, and third-party testing that demonstrated HCT applicability beyond bitumen upgrading to include paraffinic and waxy crude oils.Scope of role. Mr. Smith will focus on applying HCT within paraffinic crude and bitumen upgrading, including defining potential technology integration approaches within existing operating sites while guiding pilot campaigns that support localised scale-up.Platform context. Petroleum applications progress alongside Aduro’s other core programs, including chemical recycling of waste plastics, the scale-up of the Next Generation Process (NGP) Pilot Plant, and development of the First-of-a-Kind (FOAK) Industrial Facility. Mr. Smith brings more than 25 years of experience in industrial and energy technology development, with a focus on advancing processes from early-stage research through pilot and demonstration. He spent 17 years at Cenovus Energy in roles of increasing responsibility, most recently as Senior Manager, Operations Innovation, where he led an enterprise-wide innovation portfolio across upstream and downstream operations. His experience includes technical leadership in partial upgrading technologies, where he directed multi-disciplinary pilot and demonstration programs and supported technical and commercial evaluation of emerging processes. Earlier in his career, he held roles at NOVA Chemicals focused on process development in petrochemical applications and is a named inventor on multiple patents. He currently serves as Vice President of the Canadian Crude Quality Technical Association (CCQTA) and is a registered Professional Engineer in Alberta.

Mr. Smith joins Aduro as the Company continues advancing its petroleum applications program, with bitumen upgrading progressing through continuous flow development and scale-up activities alongside recent laboratory validation extending HCT to paraffinic crude oils. Working closely with Eric Appelman, Chief Revenue Officer, and supported by Aduro’s research and engineering teams, Mr. Smith will direct development activities for bitumen and paraffinic crude upgrading applications, helping guide HCT from process evaluation and pilot-scale development toward commercially relevant operating conditions, industry integration considerations, and potential deployment pathways within existing petroleum infrastructure.

Drawing on his extensive industry experience in crude upgrading, pilot operations, and innovation deployment, Mr. Smith will guide pilot campaigns and help establish the technical and commercial basis for future scale-up activities. His role will also include engagement across the petroleum value chain, working with producers, refiners, and midstream operators to evaluate how HCT may align with evolving operational requirements, refining environments, and market needs. Through these activities, Aduro aims to further inform commercialization planning and market development opportunities for HCT in petroleum applications.

“Scott brings a combination of technical depth and industry experience that is directly aligned with the next phase of our petroleum applications,” said Ofer Vicus, Chief Executive Officer of Aduro. “With recent progress extending HCT to paraffinic crude alongside ongoing bitumen upgrading work, our petroleum activities are moving into structured pilot programs. Scott’s experience in heavy oil upgrading and in leading multi-disciplinary development efforts will strongly complement the ongoing progress achieved by our research and engineering teams to apply the technology within real-world systems, define integration approaches, and execute pilot campaigns that support scale-up into demonstration and potential future commercial integration with industry.”

“Hydrochemolytic™ Technology offers a distinct approach to upgrading petroleum streams, particularly in its ability to operate at lower temperatures with selective chemistry that preserves desirable product qualities,” said Scott Smith. “This creates real opportunities to rethink how paraffinic crude and bitumen can be processed and integrated into existing value chains. The priority now is on translating the current work into pilot-scale data and demonstrating performance under conditions important to industry, while building toward applications that can be deployed at scale. I look forward to advancing this work alongside partners to evaluate how HCT can fit within existing production, transport, and processing pathways and unlock its commercial potential.”

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century.

For further information, please contact:

Abe Dyck, Head of Business Development and Investor Relations
[email protected]
+1 226 784 8889

KCSA Strategic Communications
Jack Perkins, Senior Vice President
[email protected]

Forward Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian and U.S. securities laws, including without limitation, statements regarding the expected contributions of Mr. Smith to the Company; the advancement and development of Hydrochemolytic™ Technology (HCT) in petroleum applications, including paraffinic crude oil and bitumen upgrading; the progression of these applications from laboratory and bench-scale validation to pilot and demonstration; the Company’s ability to define potential process configurations, conduct pilot-scale testing campaigns, and evaluate potential scale-up pathways; the evaluation of potential integration pathways with producers, refiners, and midstream operators; and the potential for future commercial applications of HCT in petroleum markets.

Forward-looking statements are based on management’s current expectations, estimates and assumptions, including assumptions regarding the continued development and performance of the Company’s technology; the successful execution of pilot and demonstration programs; the availability of technical personnel, partners, facilities, resources, and infrastructure to support development activities; the ability to engage with industry participants to evaluate integration and potential commercialization pathways; the Company’s ability to obtain and maintain intellectual property protection for its technology (including through patent filings); and the stability of regulatory and market conditions supporting technology adoption.

These statements are subject to a number of risks and uncertainties, including, but not limited to: the risk that technical results at laboratory, bench or pilot scale may not be replicated at demonstration or commercial scale; challenges in scaling up the technology or defining viable process configurations or integration approaches for petroleum applications; delays or difficulties in executing pilot or demonstration programs; the availability and willingness of industry partners to participate in testing, integration evaluations, or potential commercialization activities; changes in regulatory frameworks or market conditions; and the Company’s ability to secure sufficient funding and resources to advance its development programs. Additional risks and uncertainties are described in the Company’s public filings available at www.sedarplus.ca and www.sec.gov.

Actual results may differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fb410f38-d15b-47ce-ae5f-796d4d43caf9

Shares of Aduro Clean Technologies Inc. (ADUR - Free Report) have gained 30.6% over the past four weeks to close the last trading session at $13.5, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $29 indicates a potential upside of 114.8%.

The mean estimate comprises three short-term price targets with a standard deviation of $14.8. While the lowest estimate of $19.00 indicates a 40.7% increase from the current price level, the most optimistic analyst expects the stock to surge 240.7% to reach $46.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

However, an impressive consensus price target is not the only factor that indicates a potential upside in ADUR. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why ADUR Could Witness a Solid UpsideAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 13.2%, as one estimate has moved higher compared to no negative revision.

Moreover, ADUR currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much ADUR could gain, the direction of price movement it implies does appear to be a good guide.

LONDON, Ontario, May 19, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, announces that it has received conditional approval to list its common shares on the Toronto Stock Exchange (“TSX”) under the symbol “ACT”. Final approval of the listing remains subject to the Company fulfilling all the requirements of the TSX, including receipt of all required documentation.

The Company will issue a news release once the TSX confirms the expected trading date. In connection with the TSX listing, the Company expects to delist its common shares from the Canadian Securities Exchange (“CSE”). Shareholders are not required to exchange their share certificates or take any other action in connection with the listing, as there will be no change in the trading symbol or CUSIP for the common shares.

“Since going public on the CSE in 2021, Aduro has advanced from an early-stage public technology company into a Nasdaq-listed chemical technology developer with a strengthened balance sheet and expanding industrial commercialization programs,” said Ofer Vicus, Chief Executive Officer of Aduro. “The Company has progressed its Hydrochemolytic™ Technology (“HCT”) through Next Generation Process (“NGP”) Pilot Plant operating campaigns, First-of-a-Kind (“FOAK”) industrial project development, commercial offtake engagement, license package development, and expanded petroleum applications. We sincerely thank the CSE for providing a platform for our early public-market growth and investor access and look forward to taking this next step with the Toronto Stock Exchange as we continue advancing HCT across waste plastics, heavy hydrocarbons, and renewable oils.”

Aduro is currently included in the CSE25 Index, which represents the 25 largest companies on the Canadian Securities Exchange by market capitalization. This is a testament to Aduro’s growing capital markets profile and shareholder recognition for the continued progress achieved since Aduro’s public listing on the CSE. The proposed TSX listing represents the next stage in Aduro’s capital markets evolution, supporting broader market visibility, increased access to institutional investors, and the continued development of the Company’s Canadian public-market profile.

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century.

For further information, please contact:

Abe Dyck, Head of Corporate Development / Investor Relations
[email protected]
+1 226 784 8889

KCSA Strategic Communications
Jack Perkins, Senior Vice President
[email protected]

Forward Looking Statements

This news release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws, including the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release include, but are not limited to, statements regarding the proposed listing of the Company’s common shares on the TSX; the satisfaction of final TSX listing requirements; the expected timing of commencement of trading on the TSX; the expected delisting of the Company’s common shares from the CSE; the anticipated benefits of the TSX listing, including broader market visibility, increased access to institutional investors, and the continued development of the Company’s Canadian public-market profile; and the Company’s continued advancement of Hydrochemolytic™ Technology across waste plastics, heavy hydrocarbons, and renewable oils.

Forward-looking statements are based on management’s current expectations and assumptions, including assumptions regarding the Company’s ability to satisfy final TSX listing requirements; the receipt of all required documentation and approvals; the timing of the commencement of trading on the TSX; the delisting of the Company’s common shares from the CSE; the continued development and performance of Hydrochemolytic™ Technology; the availability of capital, permits, approvals, equipment, partners, and other resources required to support the Company’s development programs; the Company’s ability to execute its business plans and achieve its stated objectives; the Company’s ability to maintain and expand market visibility and investor access; and the stability of market, regulatory, and economic conditions.

These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: the risk that final TSX approval may not be obtained or may be delayed; the risk that the commencement of trading on the TSX may not occur on the anticipated timeline or at all; the risk that the expected delisting from the CSE may be delayed or may not occur as anticipated; risks related to market conditions, trading liquidity, and investor interest; risks related to the development, scale-up, commercialization, and market acceptance of Hydrochemolytic™ Technology; technical, operational, permitting, financing, supply chain, and integration risks; risks related to feedstock availability and quality; regulatory, certification, and policy risks; competition; and other risks described in the Company’s public filings available at www.sedarplus.ca and www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable law, Aduro undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/33a335d1-8410-4dcb-877a-3fb64fe2124e

May 20, 2026 02:02 ET  | Source: Aduro Clean Technologies Inc.

LONDON, Ontario, 20 mai 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (« Aduro » ou la « Société ») (Nasdaq : ADUR) (CSE : ACT) (FSE : 9D5), une société du secteur des technologies propres qui recycle chimiquement les matières premières de moindre valeur comme les déchets plastiques, le bitume lourd ou les huiles renouvelables en ressources adaptées au XXIe siècle, annonce avoir reçu l’approbation conditionnelle de la Bourse de Toronto (la « TSX ») pour la cotation de ses actions ordinaires sous le symbole « ACT ». L’approbation définitive de la cotation est subordonnée au respect par la Société de toutes les exigences de la TSX, y compris la réception de tous les documents requis.

La Société publiera un communiqué de presse dès que la TSX aura confirmé la date de négociation prévue. Dans le cadre de sa cotation à la TSX, la Société prévoit de retirer ses actions ordinaires de la cote de la Bourse canadienne des valeurs mobilières (la « CSE »). Les actionnaires ne sont pas tenus d’échanger leurs certificats d’actions et n’ont aucune autre formalité à accomplir relativement à cette cotation, car le symbole boursier et le code CUSIP des actions ordinaires demeureront inchangés.

« Depuis son introduction en bourse à la CSE en 2021, Aduro est passée du statut de jeune entreprise technologique à celui d’entreprise conceptrice de technologies chimiques cotée au Nasdaq, désormais dotée d’un bilan renforcé et de programmes de commercialisation industrielle en pleine expansion », a déclaré Ofer Vicus, directeur général d’Aduro. « La Société a fait progresser sa technologie Hydrochemolytic™ (HCT) grâce à des campagnes d’exploitation d’usines pilotes spécialisées dans des procédés de nouvelle génération (NGP), au développement de projets industriels novateurs (FOAK), à des engagements commerciaux d’achat, au développement d’offres de licences et à l’élargissement des applications pétrolières. Nous remercions sincèrement la CSE d’avoir constitué une plateforme clé pour notre croissance initiale sur les marchés boursiers et notre accès aux investisseurs, et nous nous réjouissons de poursuivre cette nouvelle étape aux côtés de la Bourse de Toronto, alors que nous poursuivons le développement de la technologie HCT pour le traitement des déchets plastiques, des hydrocarbures lourds et des huiles renouvelables. »

Aduro figure actuellement dans l’indice CSE25 qui regroupe les 25 plus grandes sociétés cotées à la Bourse canadienne des valeurs mobilières (CSE) en fonction de leur capitalisation boursière. Cette performance illustre la montée en puissance d’Aduro sur les marchés de capitaux ainsi que la reconnaissance que lui témoignent ses actionnaires pour les progrès constants réalisés depuis son introduction en bourse à la CSE. Ce projet de cotation à la TSX constitue une nouvelle phase dans l’évolution d’Aduro sur les marchés de capitaux. Elle lui assurera une plus grande visibilité sur les marchés, un accès accru aux investisseurs institutionnels et le développement continu de la notoriété de la Société sur le marché public canadien.

À propos d’Aduro Clean Technologies

Aduro Clean Technologies développe des technologies brevetées à base d’eau destinées à recycler chimiquement les déchets plastiques, convertir le pétrole brut lourd et le bitume en huile plus légère et à plus forte valeur, et transformer les huiles renouvelables en combustibles ou produits chimiques renouvelables à plus forte valeur ajoutée. La technologie Hydrochemolytic™ de la Société exploite l’eau comme agent essentiel d’une plateforme chimique fonctionnant à des températures et à des coûts relativement bas. Cette approche novatrice permet de convertir des matières premières à faible valeur ajoutée en ressources adaptées au XXIe siècle.

Pour tout complément d’informations, veuillez contacter :

Abe Dyck, responsable du développement d’entreprise et des relations investisseurs
[email protected]
+1 226 784 8889

KCSA Strategic Communications
Jack Perkins, vice-président principal
[email protected]

Déclarations prospectives

Le présent communiqué contient des déclarations prospectives au sens des lois canadiennes et américaines sur les valeurs mobilières, y compris la loi américaine Private Securities Litigation Reform Act de 1995. Les déclarations prospectives contenues dans le présent communiqué comprennent, sans toutefois s’y limiter, des déclarations concernant le projet de cotation des actions ordinaires de la Société à la TSX ; le respect des exigences finales de cotation à la TSX ; le calendrier prévu pour le début des négociations à la TSX ; le retrait prévu des actions ordinaires de la Société de la cote de la CSE ; les avantages anticipés de sa cotation à la TSX, notamment une plus grande visibilité sur les marchés, un accès accru aux investisseurs institutionnels et le développement continu de la notoriété de la Société sur le marché public canadien ; et les progrès continus de la technologie Hydrochemolytic™ de la Société pour le traitement des déchets plastiques, des hydrocarbures lourds et des huiles renouvelables.

Les déclarations prospectives reposent sur les attentes et hypothèses actuelles de la direction, notamment en ce qui concerne la capacité de la Société à satisfaire aux exigences finales de cotation à la TSX ; l’obtention de tous les documents et approbations requis ; le calendrier du début des négociations à la TSX ; le retrait des actions ordinaires de la Société de la cote de la CSE ; le développement et le rendement continus de la technologie Hydrochemolytic™ ; la disponibilité des capitaux, permis, approbations, équipements, partenaires et autres ressources nécessaires au soutien des programmes de développement de la Société ; la capacité de la Société à exécuter ses plans d’affaires et à atteindre ses objectifs ; sa capacité à maintenir et à accroître sa visibilité sur les marchés et son accès aux investisseurs ; et la stabilité des conditions économiques, réglementaires et de marché.

Ces déclarations sont assujetties à un certain nombre de risques et d’incertitudes qui pourraient entraîner des résultats réels sensiblement différents de ceux qui sont exprimés ou sous-entendus dans les présentes déclarations prospectives. Ces risques et incertitudes comprennent, sans toutefois s’y limiter : le risque que l’approbation finale de la TSX ne soit pas obtenue ou soit retardée ; le risque que le début des négociations à la TSX ne se produise pas dans les délais prévus ou ne se produise pas du tout ; le risque que le retrait prévu de la cote de la CSE soit retardé ou ne se produise pas comme prévu ; les risques liés aux conditions du marché, à la liquidité des transactions et à l’intérêt des investisseurs ; les risques liés au développement, au déploiement à grande échelle, à la commercialisation et à l’acceptation par le marché de la technologie Hydrochemolytic™ ; les risques techniques, opérationnels, d’autorisation, de financement, de chaîne d’approvisionnement et d’intégration ; les risques liés à la disponibilité et à la qualité des matières premières ; les risques réglementaires, de certification et d’évolution des politiques publiques ; la concurrence ; et les autres risques décrits dans les documents publics de la Société disponibles sur les sites Internet suivants : www.sedarplus.ca et www.sec.gov. Les lecteurs sont invités à ne pas accorder une confiance excessive aux déclarations prospectives. Aduro décline toute obligation de les actualiser ou de les réviser publiquement, que ce soit à la suite de nouvelles informations, d’événements futurs ou d’autres circonstances, sauf si la loi applicable l’exige.

Une photo annexée au présent communiqué est disponible à l’adresse suivante : https://www.globenewswire.com/NewsRoom/AttachmentNg/33a335d1-8410-4dcb-877a-3fb64fe2124e

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Aduro Clean Technologies Inc. (ADUR - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.

Aduro Clean Technologies Inc. is one of 233 companies in the Business Services group. The Business Services group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Aduro Clean Technologies Inc. is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for ADUR's full-year earnings has moved 13.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, ADUR has gained about 37.8% so far this year. At the same time, Business Services stocks have lost an average of 10.6%. This means that Aduro Clean Technologies Inc. is performing better than its sector in terms of year-to-date returns.

Another stock in the Business Services sector, V2X (VVX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 31.6%.

The consensus estimate for V2X's current year EPS has increased 8.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Aduro Clean Technologies Inc. is a member of the Technology Services industry, which includes 111 individual companies and currently sits at #168 in the Zacks Industry Rank. Stocks in this group have lost about 2.8% so far this year, so ADUR is performing better this group in terms of year-to-date returns. V2X is also part of the same industry.

Aduro Clean Technologies Inc. and V2X could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.

May 26, 2026 22:50 ET  | Source: Aduro Clean Technologies Inc.

LONDON, Ontario, May 27, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. („Aduro“ oder das „Unternehmen“) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), ein Cleantech-Unternehmen, das mithilfe chemischer Verfahren minderwertige Ausgangsstoffe wie Kunststoffabfälle, Schwerbitumen und erneuerbare Öle in Ressourcen für das 21. Jahrhundert umwandelt, freut sich bekannt zu geben, dass es die endgültige Genehmigung für die Notierung seiner Stammaktien an der Toronto Stock Exchange („TSX“) unter dem Börsenkürzel „ACT“ erhalten hat. Der Handel an der TSX beginnt mit Eröffnung des Marktes am 27. Mai 2026.

Im Zusammenhang mit der Notierung an der TSX wird das Unternehmen seine Stammaktien gleichzeitig von der Canadian Securities Exchange („CSE“) delisten. Für Aktionäre besteht kein Handlungsbedarf; weder ein Umtausch der Aktienzertifikate noch sonstige Maßnahmen sind erforderlich, da sich weder das Börsenkürzel noch der CUSIP-Code der Stammaktien ändern. Die Stammaktien von Aduro werden weiterhin am Nasdaq Capital Market unter dem Kürzel „ADUR“ und an der Frankfurter Wertpapierbörse unter dem Kürzel „9D5“ gehandelt.

Die TSX ist der führende Aktienmarkt in Kanada und einer der weltweit führenden öffentlichen Aktienmärkte. Nach Angaben der TMX Group zählte die TSX im April 2026 2.176 börsennotierte Emittenten und wies eine Marktkapitalisierung der notierten Wertpapiere von rund 6,8 Billionen kanadischen Dollar auf, verteilt auf ein breites Spektrum von Sektoren, darunter Rohstoffe, Finanzwesen, Industrie, Technologie und saubere Technologien. Die Börsennotierung stellt den nächsten Schritt in der Entwicklung von Aduro auf den kanadischen Kapitalmärkten dar und bringt das Börsenprofil des Unternehmens in Kanada mit seiner breiteren Präsenz an den öffentlichen Märkten in den Vereinigten Staaten und Europa in Einklang.

Aduro wurde zuvor an der CSE gehandelt und war im CSE25-Index vertreten, einem Referenzindex der 25 nach Marktkapitalisierung größten Unternehmen der Börse. Das Unternehmen würdigt die Rolle, die die CSE bei der Unterstützung seines Wachstums und seiner Entwicklung in der Anfangsphase an der Börse gespielt hat.

Die Notierung an der TSX dürfte die nächste Phase der Kapitalmarktentwicklung des Unternehmens unterstützen, indem sie Folgendes bietet:

Anerkennung als Senior Exchange: Durch die Notierung an der TSX wird Aduro in den Markt für Senior-Aktien in Kanada aufgenommen, was den erfolgreichen Abschluss des entsprechenden Zulassungsverfahrens durch das Unternehmen widerspiegelt.Breiterer institutioneller Zugang: Die TSX genießt bei kanadischen und internationalen institutionellen Anlegern hohes Ansehen. Es wird erwartet, dass die Notierung die Sichtbarkeit von Aduro im Rahmen institutioneller Anlagemandate, Research-Plattformen und Kapitalmarktprozessen verbessert, einschließlich Mandaten, die Emittenten an führenden Börsen den Vorzug geben.Verbesserte Handelsinfrastruktur: An der TSX notierte Wertpapiere profitieren von Kanadas etablierter Aktienmarktinfrastruktur, darunter effizienter Zugang zu Liquidität, hochwertige Ausführung, breitere Beteiligung von Broker-Dealern, Unterstützung durch Market-Maker sowie Sichtbarkeit in institutionellen Handelssystemen.Kriterien für die Aufnahme in einen Index: Durch die Notierung an der TSX wird Aduro einer Prüfung anhand der geltenden kanadischen Kriterien für die Aufnahme in einen Index unterzogen, darunter Kriterien in Bezug auf Marktkapitalisierung, Handelsliquidität, Streubesitz sowie weitere Anforderungen auf Emittentebene. Die Aufnahme in einen Index erfolgt nicht automatisch und hängt von der jeweiligen Indexmethodik sowie der künftigen Wertentwicklung des Unternehmens ab.Marktpräsenz und Auffindbarkeit in der Research-Landschaft: Die Notierung an der TSX dürfte die Präsenz von Aduro auf den kanadischen Kapitalmärkten stärken und die Auffindbarkeit für institutionelle Anleger, Analysten, Wertpapierhändler und Finanzmedien verbessern.Erreichbarkeit von Investoren in verschiedenen Märkten: Durch die Notierung an der Toronto Stock Exchange, dem Nasdaq Capital Market und der Frankfurter Wertpapierbörse sichert sich Aduro im Zuge der weiteren Kommerzialisierung Zugang zu Investorenkreisen in Kanada, den Vereinigten Staaten und Europa. „Die Aufnahme des Handels an der Toronto Stock Exchange ist ein wichtiger Meilenstein in der Kapitalmarktentwicklung von Aduro und spiegelt die Fortschritte wider, die das Unternehmen seit seinem Börsengang in Kanada erzielt hat“, erklärt Ofer Vicus, Chief Executive Officer von Aduro. „Während wir die Betriebsphasen der NGP-Pilotanlage, die industrielle Planung für das FOAK-Projekt und die kommerzielle Vermarktung unserer Hydrochemolytic™-Technologie vorantreiben, bietet die Notierung an der TSX eine hochrangige Plattform auf dem kanadischen Markt, die besser zur aktuellen Entwicklungsphase von Aduro und zum internationalen Investorenprofil passt. Wir sind der Canadian Securities Exchange dankbar dafür, dass sie das frühe Wachstum von Aduro an der Börse unterstützt hat, und wir danken unseren Aktionären, Partnern und dem Aduro-Team dafür, dass sie uns dabei geholfen haben, diesen nächsten Meilenstein zu erreichen.“

Über Aduro Clean Technologies

Aduro Clean Technologies entwickelt patentierte wasserbasierte Technologien zur chemischen Wiederverwertung von Kunststoffabfällen, zur Umwandlung von Schweröl und Bitumen in leichtere und wertvollere Ölprodukte sowie zur Veredelung erneuerbarer Öle zu höherwertigen Kraftstoffen oder erneuerbaren Chemikalien. Die Hydrochemolytic™-Technologie des Unternehmens nutzt Wasser als wichtigstes Prozessmedium in einer chemischen Plattform, die bei relativ niedrigen Temperaturen und zu relativ niedrigen Kosten arbeitet. Dabei handelt es sich um einen bahnbrechenden Ansatz, der minderwertige Rohstoffe in Ressourcen für das 21. Jahrhundert umwandelt.

Für weitere Informationen wenden Sie sich bitte an:

Abe Dyck, Head of Corporate Development / Investor Relations
[email protected]
+1 226 784 8889

KCSA Strategic Communications
Jack Perkins, Senior Vice President
[email protected]

Zukunftsgerichtete Aussagen

Diese Pressemitteilung enthält zukunftsgerichtete Aussagen im Sinne der geltenden kanadischen und US-amerikanischen Wertpapiergesetze, einschließlich des US-amerikanischen Private Securities Litigation Reform Act von 1995. Zukunftsgerichtete Aussagen in dieser Pressemitteilung umfassen unter anderem Aussagen zum voraussichtlichen Zeitpunkt der Aufnahme des Handels an der TSX; zum erwarteten Delisting der Stammaktien des Unternehmens von der CSE; die erwarteten Vorteile der Notierung an der TSX, darunter die Anerkennung als führende Börse, ein breiterer Zugang für institutionelle Anleger, eine verbesserte Handelsinfrastruktur, Möglichkeiten zur Aufnahme in Indizes, Marktpräsenz, Auffindbarkeit in Research-Berichten sowie der fortgesetzte Zugang zu Investorengemeinschaften in Kanada, den Vereinigten Staaten und Europa; sowie die Weiterentwicklung der Hydrochemolytic™-Technologie des Unternehmens und des Kommerzialisierungswegs.

Zukunftsgerichtete Aussagen beruhen auf den aktuellen Erwartungen und Annahmen des Managements, einschließlich Annahmen hinsichtlich des Zeitpunkts der Aufnahme des Handels an der TSX; des Delistings der Stammaktien des Unternehmens von der CSE; der Weiterentwicklung und Leistungsfähigkeit der Hydrochemolytic™-Technologie; der Verfügbarkeit von Kapital, Genehmigungen, Zulassungen, Ausrüstung, Partnern und anderen Ressourcen, die zur Unterstützung der Entwicklungsprogramme des Unternehmens erforderlich sind; der Fähigkeit des Unternehmens, seine Geschäftspläne umzusetzen und die erklärten Ziele zu erreichen; der Fähigkeit des Unternehmens, seine Marktpräsenz, den Zugang zu Investoren, die Handelsliquidität und die Einbindung in die Kapitalmärkte aufrechtzuerhalten und auszubauen; sowie der Stabilität der Markt-, Regulierungs- und Wirtschaftsbedingungen.

Diese Aussagen unterliegen Risiken und Unsicherheiten, die dazu führen können, dass die tatsächlichen Ergebnisse wesentlich von den in diesen zukunftsgerichteten Aussagen ausgedrückten oder implizierten Ergebnissen abweichen. Zu diesen Risiken und Ungewissheiten zählen unter anderem: das Risiko, dass die Aufnahme des Handels an der TSX nicht zum vorgesehenen Zeitpunkt oder gar nicht erfolgt; das Risiko, dass sich das erwartete Delisting von der CSE verzögert oder nicht wie vorgesehen erfolgt; Risiken im Zusammenhang mit Marktbedingungen, Handelsliquidität, Anlegerinteresse, Analystenabdeckung, Indexzulassung und Beteiligung institutioneller Anleger; Risiken im Zusammenhang mit der Entwicklung, Skalierung, Kommerzialisierung und Marktakzeptanz der Hydrochemolytic™-Technologie; technische, betriebliche, genehmigungsrechtliche, finanzierungsbezogene, Lieferketten- und Integrationsrisiken; Risiken im Zusammenhang mit der Verfügbarkeit und Qualität von Rohstoffen; regulatorische, Zertifizierungs- und politische Risiken; Wettbewerb; sowie sonstige Risiken, die in den öffentlichen Einreichungen des Unternehmens beschrieben sind, die unter www.sedarplus.ca und www.sec.gov beschrieben sind. Die Leser werden ausdrücklich darauf hingewiesen, kein unangemessenes Vertrauen in zukunftsgerichtete Aussagen zu setzen. Sofern nicht durch geltendes Recht vorgeschrieben, ist Aduro nicht verpflichtet, zukunftsgerichtete Aussagen zu aktualisieren oder zu überarbeiten, sei es aufgrund neuer Informationen, zukünftiger Ereignisse oder aus anderen Gründen.

Ein Foto zu dieser Mitteilung ist verfügbar unter:
https://www.globenewswire.com/NewsRoom/AttachmentNg/f992198e-98cf-483a-b09d-8417b49e591c

LONDON, Ontario, May 28, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (TSX: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, announces its participation in several industry and investor conferences in June 2026. The program includes one-on-one institutional investor meetings in London UK, a Toronto Stock Exchange-hosted investor event in Canada, and two technical conferences.

Conference and Trade Program Highlights:

One-on-one institutional investor meetings at the 16th Annual ROTH London Conference, with CEO Ofer Vicus and CFO Mena Beshay representing Aduro, continuing engagement with international institutional investors following the Company’s participation at the 38th Annual ROTH Conference earlier this year.Investor presentation and panel participation at the Canadian Climate Investor Conference, hosted by Toronto Stock Exchange and TSX Venture Exchange, marking Aduro’s first TSX-hosted investor event following the Company’s recent listing on the Toronto Stock Exchange under the symbol “ACT.”Technical presentation at AMI Chemical Recycling Europe 2026 in Frankfurt, focused on Hydrochemolytic™ Technology, carbon efficiency, feedstock flexibility, product quality, and downstream integration requirements for chemical recycling deployment.Technical presentation at Future of Advanced Recycling North America 2026 in Pittsburgh, focused on the practical requirements for scaling advanced recycling projects across the value chain.
AMI Chemical Recycling Europe 2026 brings together participants across the chemical recycling value chain, including technology developers, polymer producers, recyclers, converters, brand owners, and downstream users evaluating the technical and commercial requirements for industrial deployment. Eric Appelman will present on Aduro’s Hydrochemolytic™ Technology (“HCT”) and the progress in advancing from pilot-scale validation toward first-of-a-kind (“FOAK”) industrial planning, with a focus on carbon efficiency, feedstock flexibility, product quality, and downstream integration requirements. Aduro’s participation supports ongoing European market development and engagement with industry participants relevant to the Company’s planned FOAK industrial facility at Chemelot.

The Canadian Climate Investor Conference, hosted by Toronto Stock Exchange and TSX Venture Exchange, brings together growth-oriented clean technology and renewable energy companies with climate-conscious investors to explore opportunities to accelerate capital deployment toward climate-related solutions. The event includes company presentations, sector-specific moderated panels, and opportunities for investors to connect with clean technology companies and executive teams.

Aduro’s participation follows the Company’s recent listing on the Toronto Stock Exchange under the symbol “ACT,” providing a timely opportunity to introduce the Company’s progress to Canadian climate-focused investors. Abe Dyck will present Aduro’s business and participate in a panel with other Canadian climate technology companies, discussing the role of Hydrochemolytic™ Technology in addressing hard-to-recycle plastics, improving resource efficiency, and supporting industrial circularity, alongside the Company’s stepwise commercialization pathway, which includes NGP Pilot Plant operating campaigns, FOAK project planning, and commercialization initiatives.

The 16th Annual ROTH London Conference provides institutional investors with access to executive management teams from more than 80 companies through one-on-one and small group meetings designed to support in-depth investor interaction. Ofer Vicus and Mena Beshay will participate in scheduled investor meetings, providing updates on Aduro’s NGP Pilot Plant operating campaigns, FOAK industrial facility planning, commercial engagement, and balance sheet position. Aduro’s participation supports continued engagement with international institutional investors as the Company advances from pilot-scale validation toward FOAK industrial execution.

Future of Advanced Recycling North America 2026 is focused on the practical requirements for delivering advanced recycling projects that are commercially viable, financeable, and credible at scale, with discussion topics including feedstock security, regulatory treatment, technology performance, financing, market demand, product quality, claims, and value-chain coordination. Eric Appelman will present Hydrochemolytic™ Technology and the Company’s approach to advancing from pilot-scale validation toward FOAK industrial deployment. In advance of the conference, Eric also participated in a short event interview highlighting Aduro’s participation in the program. The presentation will focus on Aduro’s efforts to move advanced recycling beyond announcements by generating operating data, validating product pathways, aligning with downstream requirements, and building the partnerships needed for credible commercial implementation.

In addition to scheduled participation across these events, Aduro expects to hold meetings throughout the conferences and trade programs. Interested parties are encouraged to contact the respective organizers or email [email protected] to arrange one-on-one meetings.

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century.

For further information, please contact:

Abe Dyck, Head of Corporate Development and Investor Relations
[email protected]
+1 226 784 8889

Forward Looking Statements

This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding Aduro’s expected participation in industry and investor conferences in June 2026, anticipated presentations, panel participation, investor meetings, industry discussions, and the expected benefits of these activities. Forward-looking statements also include statements related to the Company’s development programs, including NGP Pilot Plant operating campaigns, FOAK industrial facility planning, commercialization initiatives, offtake alignment, licensing package development, and the potential role of Hydrochemolytic™ Technology in waste plastics, heavy bitumen, and renewable oils applications.

Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including changes in conference scheduling or format, market conditions, investor interest, industry engagement, the Company’s ability to execute its development and commercialization plans, the progression of Pilot Plant operations, advancement of the FOAK project, partner engagement, offtake and licensing discussions, and other risks described in the Company’s filings available on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.

The Company disclaims any intention or obligation to update or revise any forward-looking statements, except as required by applicable law.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/48eb5432-6e8e-433b-a8e0-49a20bbaee48

May 29, 2026 10:58 ET  | Source: Aduro Clean Technologies Inc.

LONDON, Ontario, May 29, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. („Aduro“ oder das „Unternehmen“) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), ein Cleantech-Unternehmen, das mithilfe chemischer Prozesse minderwertige Einsatzstoffe wie Kunststoffabfälle, Schwerbitumen und erneuerbare Öle in Ressourcen für das 21. Jahrhundert umwandelt, hat heute seine Teilnahme an mehreren Branchen- und Investorenkonferenzen im Juni 2026 bekannt gegeben. Das Programm umfasst Einzelgespräche mit institutionellen Investoren in London im Vereinigten Königreich, eine von der Toronto Stock Exchange ausgerichtete Investorenveranstaltung in Kanada sowie zwei Fachkonferenzen.

Höhepunkte des Konferenz- und Handelsprogramms:

Einzelgespräche mit institutionellen Investoren im Rahmen der 16. jährlichen ROTH London Conference, auf der CEO Ofer Vicus und CFO Mena Beshay Aduro vertreten sind. Damit setzt das Unternehmen nach seiner Teilnahme an der 38. jährlichen ROTH Conference Anfang dieses Jahres den Austausch mit internationalen institutionellen Investoren fort.Investorenpräsentation und Teilnahme an einer Podiumsdiskussion auf der Canadian Climate Investor Conference, veranstaltet von der Toronto Stock Exchange und der TSX Venture Exchange. Dies ist Aduros erste von der TSX ausgerichtete Investorenveranstaltung seit der kürzlich erfolgten Notierung des Unternehmens an der Toronto Stock Exchange unter dem Symbol „ACT“.Fachvortrag auf der AMI Chemical Recycling Europe 2026 in Frankfurt mit Schwerpunkt auf der Hydrochemolytic™ Technology, der Kohlenstoffeffizienz, der Flexibilität bei den Einsatzstoffen, der Produktqualität und den Anforderungen an die nachgelagerte Integration bei der industriellen Umsetzung des chemischen Recyclings.Fachvortrag auf der Future of Advanced Recycling North America 2026 in Pittsburgh mit Schwerpunkt auf den praktischen Anforderungen für die Skalierung von Advanced-Recycling-Projekten entlang der gesamten Wertschöpfungskette.
Die AMI Chemical Recycling Europe 2026 bringt Akteure aus der gesamten Wertschöpfungskette des chemischen Recyclings zusammen, darunter Technologieentwickler, Polymerhersteller, Recycler, Verarbeiter, Markeninhaber und nachgelagerte Anwender, die die technischen und kommerziellen Anforderungen für die industrielle Umsetzung bewerten. Eric Appelman wird Aduros Hydrochemolytic™ Technology („HCT“) sowie die Fortschritte auf dem Weg von der Validierung auf Pilotebene zur Planung einer First-of-a-Kind-Anlage („FOAK“) vorstellen, mit Schwerpunkt auf Kohlenstoffeffizienz, Flexibilität bei den Einsatzstoffen, Produktqualität und den Anforderungen an die nachgelagerte Integration. Aduros Teilnahme unterstützt die laufende Marktentwicklung in Europa sowie den Austausch mit Branchenakteuren, die für die geplante FOAK-Industrieanlage des Unternehmens in Chemelot relevant sind.

Die Canadian Climate Investor Conference, veranstaltet von der Toronto Stock Exchange und der TSX Venture Exchange, bringt wachstumsorientierte Unternehmen aus den Bereichen Cleantech und erneuerbare Energien mit klimabewussten Investoren zusammen, um Möglichkeiten auszuloten, den Kapitaleinsatz für klimabezogene Lösungen zu beschleunigen. Die Veranstaltung umfasst Unternehmenspräsentationen, branchenspezifische moderierte Podiumsdiskussionen sowie Gelegenheiten für Investoren, mit Cleantech-Unternehmen und deren Führungsteams in Kontakt zu treten.

Aduros Teilnahme folgt auf die kürzlich erfolgte Notierung des Unternehmens an der Toronto Stock Exchange unter dem Symbol „ACT“ und bietet eine günstige Gelegenheit, kanadischen klimafokussierten Investoren die Fortschritte des Unternehmens vorzustellen. Abe Dyck wird Aduros Geschäft vorstellen und an einer Podiumsdiskussion mit anderen kanadischen Klimatechnologieunternehmen teilnehmen. Dabei wird er die Rolle der Hydrochemolytic™ Technology bei der Bewältigung schwer recycelbarer Kunststoffe, der Verbesserung der Ressourceneffizienz und der Förderung der industriellen Kreislaufführung erläutern. Außerdem wird er den schrittweisen Weg des Unternehmens zur Kommerzialisierung vorstellen, der Betriebskampagnen der NGP-Pilotanlage, die Planung des FOAK-Projekts und Kommerzialisierungsinitiativen umfasst.

Die 16. Annual ROTH London Conference bietet institutionellen Investoren Zugang zu den Führungsteams von mehr als 80 Unternehmen im Rahmen von Einzel- und Kleingruppengesprächen, die einen vertieften Austausch mit Investoren ermöglichen sollen. Ofer Vicus und Mena Beshay werden an geplanten Investorengesprächen teilnehmen und über den aktuellen Stand der Betriebskampagnen der NGP-Pilotanlage von Aduro, die Planung der FOAK-Industrieanlage, die kommerziellen Aktivitäten sowie die Bilanzlage berichten. Aduros Teilnahme unterstützt den fortgesetzten Austausch mit internationalen institutionellen Investoren, während das Unternehmen den Übergang von der Validierung auf Pilotebene zur industriellen Umsetzung einer FOAK-Anlage vorantreibt.

Future of Advanced Recycling North America 2026 konzentriert sich auf die praktischen Anforderungen für die Umsetzung von Advanced-Recycling-Projekten, die kommerziell tragfähig, finanzierbar und im großen Maßstab belastbar sind. Zu den Diskussionsthemen gehören die Versorgungssicherheit bei den Einsatzstoffen, die regulatorische Einordnung, die technische Leistungsfähigkeit, Finanzierung, Marktnachfrage, Produktqualität, Produkt- und Nachhaltigkeitsaussagen sowie die Koordination entlang der Wertschöpfungskette. Eric Appelman wird die Hydrochemolytic™ Technology sowie den Ansatz des Unternehmens vorstellen, den Übergang von der Validierung auf Pilotebene zur industriellen Umsetzung einer FOAK-Anlage voranzutreiben. Im Vorfeld der Konferenz nahm Eric zudem an einem kurzen Interview im Vorfeld der Veranstaltung teil, in dem er Aduros Teilnahme am Programm hervorhob. Im Mittelpunkt der Präsentation stehen Aduros Bemühungen, Advanced Recycling über bloße Ankündigungen hinauszubringen, indem Betriebsdaten generiert, Produktpfade validiert, nachgelagerte Anforderungen berücksichtigt und die für eine belastbare kommerzielle Umsetzung erforderlichen Partnerschaften aufgebaut werden.

Zusätzlich zur geplanten Teilnahme an diesen Veranstaltungen erwartet Aduro, während der Konferenzen und Handelsprogramme weitere Meetings abzuhalten. Interessenten werden gebeten, sich an die jeweiligen Veranstalter zu wenden oder eine E-Mail an [email protected] zu senden, um Einzelgespräche zu vereinbaren.

Über Aduro Clean Technologies

Aduro Clean Technologies entwickelt patentierte wasserbasierte Technologien zur chemischen Wiederverwertung von Kunststoffabfällen, zur Umwandlung von Schweröl und Bitumen in leichtere und wertvollere Ölprodukte sowie zur Veredelung erneuerbarer Öle zu höherwertigen Kraftstoffen oder erneuerbaren Chemikalien. Die Hydrochemolytic™-Technologie des Unternehmens nutzt Wasser als wichtigstes Prozessmedium in einer chemischen Plattform, die bei relativ niedrigen Temperaturen und zu relativ niedrigen Kosten arbeitet. Dabei handelt es sich um einen bahnbrechenden Ansatz, der minderwertige Rohstoffe in Ressourcen für das 21. Jahrhundert umwandelt.

Für weitere Informationen wenden Sie sich bitte an:

Abe Dyck, Head of Corporate Development and Investor Relations
[email protected]
+1 226 784 8889

Zukunftsgerichtete Aussagen

Diese Pressemitteilung enthält zukunftsgerichtete Aussagen im Sinne der geltenden Wertpapiergesetze. Zukunftsgerichtete Aussagen umfassen unter anderem Aussagen zur erwarteten Teilnahme von Aduro an Branchen- und Investorenkonferenzen im Juni 2026, zu geplanten Präsentationen, zur Teilnahme an Podiumsdiskussionen, zu Investorengesprächen, zu Branchendiskussionen sowie zu den erwarteten Vorteilen dieser Aktivitäten. Zukunftsgerichtete Aussagen umfassen auch Aussagen zu den Entwicklungsprogrammen des Unternehmens, einschließlich der Betriebskampagnen der NGP-Pilotanlage, der Planung der FOAK-Industrieanlage, der Kommerzialisierungsinitiativen, der Abstimmung von Abnahmevereinbarungen, der Entwicklung von Lizenzierungspaketen sowie der potenziellen Rolle der Hydrochemolytic™ Technology bei Anwendungen mit Kunststoffabfällen, schwerem Bitumen und erneuerbaren Ölen.

Zukunftsgerichtete Aussagen basieren auf den aktuellen Erwartungen des Managements und unterliegen Risiken und Ungewissheiten, die dazu führen könnten, dass die tatsächlichen Ergebnisse wesentlich abweichen. Dazu zählen unter anderem Änderungen beim Zeitplan oder Format von Konferenzen, Marktbedingungen, das Interesse von Investoren, das Engagement der Branche, die Fähigkeit des Unternehmens, seine Entwicklungs- und Kommerzialisierungspläne umzusetzen, der Fortschritt des Pilotanlagenbetriebs, die Weiterentwicklung des FOAK-Projekts, die Einbindung von Partnern, Gespräche über Abnahmevereinbarungen und Lizenzen sowie weitere Risiken, die in den auf SEDAR+ unter www.sedarplus.ca und EDGAR unter www.sec.gov verfügbaren Unternehmensunterlagen beschrieben sind.

Das Unternehmen übernimmt keine Verpflichtung, zukunftsgerichtete Aussagen zu aktualisieren oder zu revidieren, sofern dies nicht nach geltendem Recht erforderlich ist.

Ein Foto zu dieser Mitteilung ist verfügbar unter https://www.globenewswire.com/NewsRoom/AttachmentNg/48eb5432-6e8e-433b-a8e0-49a20bbaee48

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Aduro Clean Technologies Inc. (ADUR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Aduro Clean Technologies Inc. is one of 234 companies in the Business Services group. The Business Services group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Aduro Clean Technologies Inc. is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for ADUR's full-year earnings has moved 12.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, ADUR has moved about 35.3% on a year-to-date basis. Meanwhile, stocks in the Business Services group have lost about 11.2% on average. This means that Aduro Clean Technologies Inc. is performing better than its sector in terms of year-to-date returns.

Concrete Pumping (BBCP - Free Report) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 55.4%.

The consensus estimate for Concrete Pumping's current year EPS has increased 112.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Aduro Clean Technologies Inc. belongs to the Technology Services industry, a group that includes 112 individual stocks and currently sits at #155 in the Zacks Industry Rank. Stocks in this group have lost about 0.7% so far this year, so ADUR is performing better this group in terms of year-to-date returns.

Concrete Pumping, however, belongs to the Waste Removal Services industry. Currently, this 20-stock industry is ranked #94. The industry has moved -4.9% so far this year.

Going forward, investors interested in Business Services stocks should continue to pay close attention to Aduro Clean Technologies Inc. and Concrete Pumping as they could maintain their solid performance.

LONDON, Ontario, June 10, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (TSX: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced:

(i)    an underwritten U.S. and Canadian public offering (the “Public Offering”) of 1,028,645 common shares at a price of US$15.20 (C$21.20) per common share (the “Offering Price”) for gross proceeds to the Company, under the Public Offering, of US$15,635,404, before deducting underwriting discounts and Public Offering expenses; and
(ii)   a concurrent non-brokered private placement (the “LIFE Offering”) of up to 471,698 common shares at the Offering Price per common share for gross proceeds to the Company, under the LIFE Offering, of up to US$7,169,810, before deducting any finder’s fees and other LIFE Offering expenses,

for aggregate gross proceeds to the Company of up to US$22,805,214 (collectively, the “Offering”), before deducting discounts, fees and other Offering expenses.

Canaccord Genuity is acting as sole bookrunner for the Public Offering. In connection with the Public Offering, the Company entered into an underwriting agreement with Canaccord Genuity, as representative of the several underwriters in the Public Offering (the “Underwriting Agreement”).

Aduro intends to use the net proceeds from the Offering for expenditures related to the design, engineering and construction of first-of-a-kind demonstration-scale industrial plant (the “FOAK Plant”), ongoing research and development costs and the remainder for general corporate purposes and working capital. The Public Offering is expected to close on or about June 11, 2026 (the “Closing Date”), subject to the satisfaction of customary closing conditions including the listing of the offered common shares on the Toronto Stock Exchange (the “TSX”) and the Nasdaq Capital Market (the “Nasdaq”) and any required approvals of the TSX and Nasdaq. The Public Offering is not conditional on the closing of the LIFE Offering, and the LIFE Offering is not conditional on the closing of the Public Offering. The LIFE Offering is expected to close on or about the Closing Date, or such other date as the Company may determine, and, in any event, on or before a date not later than 45 days after the date hereof. The LIFE Offering may close in one or more tranches.

The Public Offering is being made pursuant to an effective shelf registration statement on Form F-10, as amended (File No. 333-292023), previously filed with the U.S. Securities and Exchange Commission (“SEC”) on December 15, 2025 and became effective upon filing, and the Company’s Canadian short form base shelf prospectus dated December 15, 2025 (the “Base Shelf Prospectus”) and an accompanying prospectus supplement to the Base Shelf Prospectus (the “Prospectus Supplement”, and together with the Base Shelf Prospectus, the “Final Prospectus”).

The Base Shelf Prospectus relating to the Public Offering and describing the terms thereof has been filed with the securities regulatory authorities in British Columbia and Ontario and with the SEC in the United States and is available for free by visiting the Company’s profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca or the SEC’s website at www.sec.gov, as applicable. The Prospectus Supplement will be filed with the securities regulatory authorities in British Columbia and Ontario and the SEC. Copies of the Final Prospectus may be obtained, when available, at the SEC’s website at www.sec.gov or from Canaccord Genuity LLC, Attn: Syndication Department, 1 Post Office Square, 30th Floor, Boston, MA 02109, or by email at [email protected].

Before you invest, you should read the Final Prospectus and other documents the Company has filed or will file with the with the securities regulatory authorities in British Columbia and Ontario and the SEC, for more complete information about the Company and the Offering.

The LIFE Offering is being made to purchasers resident in all provinces of Canada, except Québec, pursuant to the listed issuer financing exemption from the prospectus requirement available under Part 5A of National Instrument 45-106 – Prospectus Exemptions and Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption of the Canadian Securities Administrators (collectively, the “LIFE Exemption”). Subject to compliance with the terms of the LIFE Exemption, the common shares offered under the LIFE Exemption (the “LIFE Shares”) will not be subject to resale restrictions pursuant to applicable Canadian securities laws. In addition, the LIFE Shares may be offered for sale on a private placement basis pursuant to available exemptions from the registration or prospectus requirements to investors resident in certain other jurisdictions outside of Canada and the United States; provided it is understood that the Company will not be required to register or make any filings (other than reports on sales of securities in the United States and Canada) in such jurisdictions.

There is an offering document related to this LIFE Offering that can be accessed under the Company’s profile at www.sedarplus.com and on the Company’s website at www.adurocleantech.com. Prospective investors should read this offering document before making an investment decision.

The Company anticipates certain insiders of the Company may participate in the LIFE Offering. Any participation in the LIFE Offering by insiders constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects to rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact neither the fair market value of the LIFE Shares subscribed for by the insiders, nor the consideration for the LIFE Shares paid by such insiders, would exceed 25% of the Company’s market capitalization as at the date of this press release.

The Company intends to rely upon the exemption set forth in Section 602.1 of the TSX Company Manual in connection with the Offering, which provides that the TSX will not apply its standards to certain transactions involving eligible interlisted issuers on a recognized exchange.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offers, solicitations or sales would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. None of the LIFE Shares will be registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an exemption from registration.

All amounts in this press release are in United States dollars unless otherwise indicated. All foreign exchange calculations set forth in this press release is based on the exchange rate posted by the Bank of Canada on June 9, 2026 of US$1 = C$1.3947.

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century.

For further information, please contact:

Abe Dyck, Head of Corporate Development / Investor Relations
[email protected]
+1 226 784 8889

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of applicable United States securities laws, and “forward-looking information” within the meaning of Canadian securities laws (collectively, “forward-looking statements”). All statements, other than statements of historical facts, included in this press release are forward-looking statements. The material factors and assumptions used to develop the forward-looking statements contained in this press release include the following: our understanding and belief of the current market conditions, approved business plans and regulatory approvals with respect to the FOAK Plant and other pilot plants, continued positive research and development results, results of our test work for technological and process improvements, our experience with regulators, and continuation of positive economic conditions. When used in this press release or otherwise, the words “plan”, “potential,” “indicate,” “expect,” “intend,” “believe,” “may,” “will,” “if,” “anticipate,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include, without limitation, references to the Company’s expectations regarding the closing of each of the Public Offering and satisfaction of conditions precedent in the Underwriting Agreement, closing of the LIFE Offering and satisfaction of conditions precedent to any subscription agreement entered into in connection therewith, the receipt of all regulatory approvals (including of the TSX and Nasdaq) for the Public Offering and the LIFE Offering, the anticipated gross proceeds of the Public Offering and the LIFE Offering, and its anticipated use of net proceeds from the Public Offering and LIFE Offering. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties related to the satisfaction of customary closing conditions related to the Public Offering and the LIFE Offering, receipt of all regulatory approvals therefor, or other factors that result in changes to the Company’s anticipated use of proceeds, including those which may affect the Company’s expectations with respect to its FOAK Plant or other pilot plants. These and other risks and uncertainties are described more fully in the section captioned “Risk Factors” in the Company’s Base Shelf Prospectus, Prospectus Supplement, management discussion and analyses, and its annual information form dated August 27, 2025, all of which is or will be available on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law, including the securities laws of the United States and Canada.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5eda16f6-3feb-409b-be2b-c9943a626097

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