Mr. Nino Di Teodoro reports

PELICAN AI APPOINTS NINO DI TEODORO AS CHIEF EXECUTIVE OFFICER TO LEAD NEXT PHASE OF COMMERCIAL GROWTH

Pelican AI Corp. has appointed Nino Di Teodoro as chief executive officer.

Mr. Di Teodoro brings more than two decades of senior leadership experience across financial services, payments, digital banking and financial crime compliance. His appointment comes as Pelican enters its next stage of commercial development, with a focus on expanding relationships with financial institutions in North America and internationally, increasing penetration within existing markets, entering new geographic markets, and introducing additional products across its payments and compliance platform.

Mr. Di Teodoro is a product-led executive with extensive experience in P&L (profit and loss) management, new product innovation, market strategy and value proposition development. His career has been built at the intersection of technology and financial services, with a particular focus on developing and commercializing solutions for financial institutions.

Most recently, Mr. Di Teodoro served as vice-president at Symcor, where he led business process optimization, fraud and financial crimes product lines. Prior to Symcor, he held senior roles at Central 1 Credit Union, where he was responsible for digital banking platforms, strategic relationships and payments innovation.

Earlier in his career, Mr. Di Teodoro held executive and senior leadership positions at Meridian Credit Union, Thales, TD Bank Group, Citi Cards Canada and CIBC, with responsibilities spanning everyday banking, emerging payments technology, enterprise fraud management and card solutions. Mr. Di Teodoro holds a master of business administration degree from the Richard Ivey School of Business at the University of Western Ontario and sits on many non-profit boards.

Pelican has spent more than 30 years developing and deploying proprietary artificial intelligence technology for the global financial services industry. Today, the company's technology is trusted by major financial institutions in more than 55 countries and has processed more than two billion transactions representing approximately $10-trillion in transaction value. Pelican has developed its AI (artificial intelligence) technology through decades of deployment within highly regulated financial environments. Its platform combines artificial intelligence, machine learning and natural language processing to automate and optimize payments, financial crime compliance, and trade finance processes.

Pelican's solutions support multiple global payment formats, including SWIFT, Fedwire and ISO 20022, and are designed to improve straight-through processing, automate payment enrichment and routing, reduce false positives and manual intervention, and strengthen financial crime compliance. The company's integrated product portfolio includes Pelican Payments, Pelican Secure and AI-powered trade finance solutions.

"Pelican represents a unique opportunity in financial technology: we are not starting with an idea or an unproven platform. With more than 30 years of technology development, our platform has already operated within sophisticated banking environments, significant financial institution relationships and billions of transactions processed," said Nino Di Teodoro, chief executive officer of Pelican AI.

"My priority as CEO will be to translate that foundation into the next stage of commercial growth. We intend to deepen and expand our relationships with key banking partners across North America and globally, increase our market share in the geographies where Pelican is already established, enter new markets and continue introducing products that address the evolving payments, compliance and financial crime requirements of financial institutions.

"The banking industry is undergoing a significant technology transition as financial institutions modernize legacy payment infrastructure, adopt real-time payment systems and look for practical applications of artificial intelligence that can deliver measurable operational benefits. Pelican has spent decades building technology specifically for this environment, and I believe that creates a compelling opportunity to expand the company's commercial footprint.

"I would also like to thank Pelican's shareholders for their continued support. I am excited to lead the company through this next phase and look forward to keeping our shareholders informed as we execute against our commercialization strategy."

Pelican's platform is designed for financial institutions seeking to modernize increasingly complex payments and compliance infrastructure without replacing their entire technology stack. Its modular architecture supports cloud, on-premise and hybrid deployments, and provides solutions spanning global payments processing, sanctions screening, anti-money laundering, transaction monitoring, payments fraud, verification of payee and trade finance automation.

The appointment of Mr. Di Teodoro strengthens Pelican's commercial and financial services leadership as the company seeks to build on its established technology platform, existing institutional relationships and international footprint.

The company thanks Aleksandar (Sasha) Grujicic outgoing chief executive officer for his service and contributions during his tenure. Mr. Grujicic has transitioned to an advisory role with Pelican.

About Pelican AI Corp.

Pelican AI is a financial technology company providing artificial intelligence-powered solutions for payments, financial crime compliance and trade finance. With more than 30 years of proprietary AI expertise, Pelican's technology is trusted by major financial institutions across more than 55 countries and has processed more than two billion transactions representing approximately $10-trillion in value.

Pelican's technology uses artificial intelligence, machine learning and natural language processing to help financial institutions automate payment processing, improve straight-through processing, strengthen financial crime compliance and modernize transaction banking infrastructure. Its solutions include Pelican Payments, Pelican Secure and AI-powered trade finance applications.

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