Mr. V-Bond Lee reports

VOLT CARBON, SOLID ULTRABATTERY AND TENSORONE ENTER STRATEGIC COLLABORATION TO ADVANCE NEXT-GENERATION AUTONOMOUS AIRCRAFT TECHNOLOGIES

Volt Carbon Technologies Inc., together with its wholly owned subsidiary Solid Ultrabattery Inc. and TensorOne Inc., have executed a three-party memorandum of understanding (MOU), effective July 21, 2026, to evaluate and develop advanced battery and carbon technologies for next-generation autonomous unmanned aerial systems (UAS) and artificial-intelligence-enabled counter-UAS platforms.

The collaboration brings together complementary expertise in advanced lithium metal batteries, graphene-enhanced carbon composite materials and autonomous aircraft systems to address the key engineering challenges facing next-generation electric aircraft by increasing battery energy density, reducing aircraft weight, extending flight endurance and enhancing overall aircraft performance. Together, these technologies are intended to improve payload capacity, mission duration, maneuverability, energy efficiency and overall aircraft capability while supporting the commercialization of next-generation autonomous aircraft technologies.

Under the MOU, the parties intend to evaluate the integration of Solid UltraBattery's lithium metal battery technology with Volt Carbon's advanced graphene and carbon materials on TensorOne's autonomous UAS platforms. The collaboration will include engineering validation, laboratory and flight testing, manufacturing evaluations, and the pursuit of future commercialization opportunities.

Solid Ultrabattery and TensorOne are both members of the Waterloo Dual-Use Technology Consortium, reinforcing a shared commitment to accelerating innovation through collaboration between industry, academia and government.

Oleg Stukalov, chief executive officer of TensorOne, commented: "For UAS, reducing weight while increasing available energy directly improves mission capability via speed and endurance. By integrating and flight-testing these advanced battery and carbon technologies on TensorOne platforms, we aim to develop practical, scalable solutions for a variety of dual-use applications."

V-Bond Lee, chief executive officer of Volt Carbon, commented: "Advanced batteries and lightweight materials are two of the most important technologies driving the future of autonomous aircraft. Every reduction in aircraft weight and every improvement in battery energy density has the potential to translate into greater flight endurance, increased payload capacity and improved mission performance."

About Volt Carbon Technologies Inc.

Volt Carbon is a publicly traded carbon science company focused on advanced carbon materials, energy storage and green energy technologies. The company is developing a vertically integrated platform designed to transform natural graphite resources into high-value carbon products, including graphite concentrates, graphene, battery materials and advanced battery technologies. Volt Carbon holds mineral interests in Quebec and British Columbia, Canada, and operates facilities supporting both carbon material processing and battery technology development.

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