Mr. Rob MacIntyre reports

FERALX SYSTEMS INC. APPOINTS DR. TREVOR DEVINE HEAD OF AVIATION AND AEROSPACE

Feralx Systems Inc. has appointed Dr. Trevor Devine as head of aviation and aerospace. Dr. Devine will lead the development and expansion of Feralx's aviation, aerospace and unmanned aerial systems (UAS) business, with a mandate to build international commercial and military market opportunities, establish strategic global industry relationships, and support the company's Canadian manufacturing strategy.

"Trevor combines a PhD in public safety leadership, senior command in the U.S. Marine Corps and experience as a special missions pilot," commented Rob MacIntyre, chief executive officer of Feralx. "That mix of experience touches every part of our business, from small arms and autonomy to mission support, which is why we have asked him to lead our aviation work and help integrate it across the company."

Distinguished military and aviation career

Dr. Devine retired as a colonel from the USMCR in 2020 after 33 years of service that included multiple combat deployments and assignments in reconnaissance, infantry, artillery, and special operations. He held senior command positions leading organizations of up to 11,400 military and civilian personnel with budgets exceeding $100-million (U.S.); led joint forces in more than 75 direct-action raids during Operation Iraqi Freedom; and, as a qualified joint tactical air controller (JTAC), parachutist and combat diver, led joint and combined special forces training across 13 countries.

His aviation career includes 22 years as a DEA (Drug Enforcement Administration) special agent/pilot (criminal investigator), flying more than 1,700 intelligence, surveillance, reconnaissance, transport, medical evacuation, extradition and counternarcotics/terrorist missions, and serving as senior aviation attache and pilot at the U.S. Embassy in Nassau, with extensive flight operations across Central and South America.

International defence sales, drone technology and commercialization

During senior assignments at U.S. Embassies in the Bahamas, United Arab Emirates and Norway, Dr. Devine led military and security co-operation initiatives and supported the foreign military sales engagement associated with Norway's acquisition of 52 F-35 fighter aircraft from the United States, a procurement program valued at approximately $8.3-billion (U.S.), giving him direct exposure to the senior stakeholders and procurement processes behind major allied defence programs.

In industry, he has supported the commercialization of remote weapon systems and drone technologies incorporating artificial-intelligence-enhanced ballistic solutions; developed an ISR-as-a-Service (surveillance and reconnaissance) offering; established domestic and international distribution channels across military, law enforcement, private security and maritime markets; and supported mergers and acquisitions initiatives involving Canadian drone, aerospace, aviation and weapons manufacturing companies.

Canadian manufacturing strategy aligns with expanding defence investment

On Feb. 17, 2026, the government of Canada announced its first-ever Defence Industrial Strategy, identifying approximately $180-billion in defence procurement opportunities and $290-billion in defence-related capital investment opportunities over the next decade and specifically identifying aerospace, robotics, autonomous systems and drones as priority areas for domestic industrial development. Additionally, Canada's commitment to NATO's defence investment pledge establishes a target of investing 5 per cent of gross domestic product in defence and security-related expenditures by 2035, including 3.5 per cent for core military capabilities.

Most recently, Budget 2026, tabled on Nov. 5, 2026, reinforced that direction. It proposes $2.3-billion over five years for the Defence Drone Initiative, directs up to $2.7-billion toward Canada's defence industrial base and confirms the Business Development Bank of Canada's $6-billion Defence Platform to help Canadian defence and dual-use companies scale. Through its Buy Canadian policy, the government has stated that Canadian firms are to be key partners in defence procurement.

The company believes Dr. Devine's unique combination of military operational experience, aviation credentials, defence technology commercialization and international business development provides the leadership and practical industry knowledge necessary to advance these objectives.

About Feralx Systems Inc.

Feralx Systems is a Canadian-controlled defence manufacturer serving military, law-enforcement and government customers in Canada and allied nations. Feralx operates as one integrated platform across small arms, autonomy and mission support: It produces precision small arms for export and domestic programs, builds unmanned ground and aerial systems and delivers mission support spanning aviation and aerospace, including the development of manned and unmanned flight operations, intelligence, surveillance and reconnaissance (ISR), air mobility, training, and sustainment.

We seek Safe Harbor.