Mr. Dan Stearne reports

INVENTRONICS ANNOUNCES 2022 Q1 FINANCIAL RESULTS

Inventronics Ltd. has released its unaudited Q1 2022 financial results.

For the three months ended March 31, 2022, Inventronics reported net earnings of $501,000, or 10.4 cents per share, on revenue of $3,755,000 compared with net earnings of $181,000, or four cents per share, on revenue of $1.8-million for the three months ended March 31, 2021. The increase in revenue is a result of increased demand in both Canada and the United States for Internet bandwidth and changing communication technologies that utilize the corporation's enclosures.

Further information about the financial results of the corporation can be found in the corporation's unaudited interim financial statements for the quarter ended March 31, 2022, and accompanying management's discussion and analysis filed on SEDAR.

About Inventronics Ltd.

Inventronics designs and manufactures enclosures and other products for an array of customers in the telecommunications, electric utility, cable television, oil and gas, electronics, and other industries in North America. The corporation owns its ISO (International Organization for Standardization) 9001-registered production facility in Brandon, Man.