Dr. Richard Lu reports

ARTIFICIAL INTELLIGENCE PRODUCTION IN SPACE: POWERBANK SHARES ADDITIONAL UPDATE ON COLLABORATION WITH SMARTLINK AI

Powerbank Corp. today provided an additional update on its collaboration with Smartlink AI (Orbit AI). This follows Powerbank's press release on Dec. 26, 2025, available on-line. The Genesis-1 satellite launched on Dec. 10, 2025, is confirmed by Smartlink AI to now be both operational and operating an artificial intelligence model directly in orbit.

The successful operation of Genesis-1 demonstrates the technical feasibility of deploying and running an artificial intelligence model directly in orbit. By processing data onboard the satellite rather than relying exclusively on ground-based data centres, this milestone provides an initial proof point for Orbit AI's approach to on-orbit computing. Importantly, Genesis-1 represents the first operational element of Orbit AI's planned satellite network, serving as an early validation step ahead of future launches and broader expansion.

Dr. Richard Lu, Powerbank's president and chief executive officer, commented: "Powerbank is proud to collaborate with Smartlink AI on their Orbit AI project and the launch of the Genesis-1 satellite. It is excellent for Powerbank and our partners to see first-hand how the new frontier of artificial intelligence compute in space is evolving."

The achievement comes amid increasing industry attention on orbital AI compute, as rising power demand, cooling constraints and land limitations place growing pressure on terrestrial data centre infrastructure.

Orbit AI's longer-term vision is to build a satellite network in which multiple units operate together as a co-ordinated system rather than as stand-alone assets. Each successful launch is intended to incrementally add capability, resilience and scale to the overall platform.

Genesis-1 represents the first operational node of this planned network. Smartlink AI is targeting a second satellite launch in Q1 2026, with additional launches planned thereafter as the network continues to expand. Powerbank expects to continue as a partner throughout the expansion phases of the Orbital AI project, with Powerbank's solar energy and thermal control contributions expected to become increasingly significant as satellite payloads scale to accommodate higher computational loads and more sophisticated AI inference capabilities. At this time Powerbank elected not to make an investment in Orbit AI and the terms of any remuneration for services Powerbank may provide Orbit AI have not yet been determined. Powerbank cautions that certain operational metrics referenced herein are based on information provided by Orbit AI and have not been independently verified.

About Powerbank Corp.

Powerbank is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The company develops solar and battery energy storage system (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar and virtual net metering projects. The company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.

About Orbit AI

Orbit AI is a Singapore-based pioneer in aerospace technology. Co-operating with supply chain partners from China and the United States, the company is building a decentralized low-Earth orbit satellite network (DeStarlink) combined with orbital AI compute/data centre infrastructure (DeStarAI). The company plans blockchain-verified nodes in space, solar-powered compute payloads and a mesh network architecture to deliver global connectivity and digital sovereignty services.

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