Mr. Alejandro Antalich reports

EVOKAI CREATIVE LABS ACQUIRES EXTENDED REALITY AI-POWERED COMPANY NEUROCARRIER OY

EvokAI Creative Labs Inc. has completed the acquisition of NeuroCarrier Oy, a Finnish medical technology company that combines cognitive neuroscience, extended reality (XR) and artificial intelligence (AI) technologies for enhanced performance screening and spatial perception of a person, as well as risk behaviour. The Acquisition was previously announced on June 1, 2023.

"We are excited to welcome the talented team of researchers and engineers from NeuroCarrier to the EvokAI family. Their groundbreaking research and cutting-edge technologies in cognitive neuroscience perfectly complement our ongoing efforts to revolutionize the field of cognitive computing and redefine the boundaries of human-machine interaction," said Alejandro Antalich, CEO and Director of EvokAI Creative Labs.

"NeuroCarrier's unique combination that merges the power of AI algorithms, extended reality and eye movement with deep understanding of human cognition allows EvokAI to create highly intuitive and immersive experiences, unlocking new possibilities for various industries, including healthcare, rehabilitation, risk behavior prediction, sports, gaming, and more."

"Key Features and Differentiators that make EvokAI unique:Immersive Experiences: EvokAI offers an unparalleled level of immersion, blurring the boundaries between the digital and physical worlds. Through its advanced technologies, users can engage in realistic simulations and interact with virtual environments to assessing cognitive performance in ways that were previously unimaginable.Customizable Solutions: Understanding that each industry has unique requirements, EvokAI provides fully customizable solutions tailored to specific needs. Whether it's designing personalized rehabilitation programs or creating interactive training modules, our platform adapts to the diverse demands of our customers.Seamless Integration: EvokAI's solutions seamlessly integrate with existing infrastructures and technologies, making the adoption process smooth and hassle-free. By eliminating compatibility issues, we ensure a faster time to market and quicker realization of benefits for our customers.Unmatched Performance: Our cognitive computing platform leverages state-of-the-art AI algorithms and advanced neuroscientific principles to deliver unparalleled performance. This enables faster decision-making, precise data analysis, and superior user experiences, setting us apart from competitors in the market," concluded Antalich.

Pursuant to the terms of the Acquisition, the Company acquired 100% of the issued and outstanding securities of NeuroCarrier in consideration of the issuance of an aggregate of 2,202,000 common shares of the Company ("EvokAI Shares") to former securityholders of NeuroCarrier. The EvokAI Shares issued in connection with the Acquisition are subject to a contractual hold period expiring June 15, 2024. Up to an additional 367,000 EvokAI Shares may be issuable to the former securityholders of NeuroCarrier upon NeuroCarrier reaching MDR (European Medical Device Regulation) Class I approval on or before November 16, 2023. No finder's fees were paid or applicable in connection with the Acquisition.

About EvokAI Creative Labs Inc.

EvokAI is a MedTech AI-powered company dedicated to the development of transformational and innovative technologies for the modern healthcare sector. We deploy machine learning models to search medical data and uncover insights to help improve health outcomes, patient experiences, drug development, preclinical and clinical decisions and provide more accurate diagnoses. EvokAI tailors its AI algorithms across the whole healthcare system, from hospitals, private clinics, research institutions, pharmaceutical companies, contract research organizations, to medical professionals, patients, healthy individuals aiming at preventing any kind of disease and beyond, protecting the aging genome.

We seek Safe Harbor.