Ms. Miriam Tuerk reports

CLEAR BLUE TECHNOLOGIES PROVIDES CORPORATE UPDATE AND PRELIMINARY Q3 2025 FINANCIAL RESULTS

Clear Blue Technologies International Inc. has provided a corporate update on its business operations and preliminary third quarter 2025 results.

Over the past year, Clear Blue has substantially reduced debt levels and operating costs and built its sales traction. These actions have created a foundation to support future growth. Throughout its history, the company invested heavily in research and development to develop next-generation smart power products for its key markets in telecom, satellite Internet and Lighting for deployment in North America and Africa.

Going into 2026, Clear Blue is entering a new phase where the necessary R&D spend is significantly reduced, and the company has entered full commercialization across its entire portfolio of four product lines (Pico, Nano, Micro Lighting).

To support these commercialization efforts, Clear Blue has invested in key partnerships with leading organizations such as Eutelsat Group, Cooper Lighting, iSat Africa and several North American power utilities. These partners are also now in the commercialization stage of their rollouts and are expected to be important in driving market traction and order volume given the nature of their scale.

As a result, order bookings as of Nov. 18, 2025, totalled $5,734,699 compared with bookings of $2,196,669 for the entire 2024 calendar year, representing a 161-per-cent increase. This increase showcases the improving sales trajectory and customer mix. In addition, $1.2-million worth of bookings comprise recurring energy-as-a-service fees, which are contracted revenues that will be recognized in future years.

Over all, Clear Blue believes that 2026 presents the opportunity to take advantage of the growing sales pipeline and showcase Clear Blue 2.0's goal of continued improvements to financial performance. This prospect is made possible with the significant restructuring efforts finalized in early 2025, traction on the expanded product line and strengthening market conditions.

"Our transition to Clear Blue 2.0 has resulted in a stronger balance sheet, reduced debt, lower operating costs and improved cash flow, along with the introduction of new products and strategic partnerships," said Miriam Tuerk, co-founder and chief executive officer of Clear Blue. "Looking ahead into 2026, we intend to maintain this focus and direct our efforts toward operational growth."

Furthermore, the company would like to highlight the following recent developments:

• On Nov. 4, 2025, the Canadian government released its proposed budget. Within the budget was the inclusion of public companies in the enhanced scientific research and experimental development tax credit rate of 35 per cent. When passed, the enhanced tax credit rate, along with other anticipated credits, incentives and grants, is expected to provide a potentially material amount of cash to Clear Blue in 2026.
• Last week, Clear Blue's partnership with Eutelsat was highlighted in Eutelsat's Africacom booth, demonstrating the power and connectivity products to be rolled out across Africa.
• On Nov. 11, 2025, Clear Blue was awarded a repeat $1.5-million order from its long-time partner iSat Africa for sites in the Democratic Republic of the Congo, South Sudan, Liberia and Zambia. The order is expected to ship throughout the next two quarters, and iSat is expected to increase its investments going forward.
• Clear Blue's Lighting business has grown new relationships with four North American power utilities this year. The company believes there is a significant opportunity to scale long-term with utilities, having achieved successful pilot tests.

Preliminary third quarter 2025 financial results highlights

Clear Blue also announced the following preliminary Q3 2025 results. The company's full financials are expected to be released on Nov. 26, 2025, after the market close.

• Revenues for the fiscal quarter ended Sept. 30, 2025, were approximately $953,972 and $3,139,229 for the nine months then ended, representing a 158-per-cent and 43-per-cent increase, respectively, over the same periods in the prior year.
• Adjusted earnings before interest, taxes, depreciation and amortization for the fiscal quarter were approximately ($332,264) and ($944,159) year to date, representing an improvement of 54 per cent and 47 per cent, respectively, over the same period.
• Net loss for the fiscal quarter was approximately $789,437 and $1,174,335 year to date, representing an improvement of 50 per cent and 71 per cent, respectively.
• Operating expenses for the fiscal quarter were approximately $861,614 and $2,809,421 year to date, representing a reduction of 36 per cent and 26 per cent, respectively.
• Bookings to date in 2025 were $5,734,699 compared with $2,196,669 in all of 2024, representing an increase of 161 per cent.
• Recurring revenues remain central to Clear Blue's business strategy, with the average recurring component rising from 6 per cent of new orders in 2024 to 20 per cent in 2025. While this shift enhances future long-term growth, it results in a lower proportion of one-time revenue recognized during the year. Had the 2024 ratio persisted in 2025, year-to-date revenue through Q3 would have reached $3,688,594, representing a 69-per-cent increase over the prior year.
• Working capital was approximately $1,050,998 as of Sept. 30, 2025.

These preliminary results are based on currently available information and do not present all necessary information for an understanding of the company's expected results of operations for the three months ended Sept. 30, 2025. These preliminary estimates have been prepared by and are the responsibility of management. The company has not completed its closing procedures for the quarter yet, and it is possible that items may be identified that require adjustments to the preliminary estimated results set forth above. Accordingly, undue reliance should not be placed on these preliminary estimates. Further, the company's preliminary estimated results are not necessarily indicative of the results to be expected for the rest of the year or any future period.

About Clear Blue Technologies International Inc.

Clear Blue Technologies provides smart off-grid power solutions and services for mission-critical infrastructure such as telecommunications, Internet of Things and street lighting. The company's technology enables cost savings, predictive maintenance and reliable power in remote or challenging environments.

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