Ms. Sue Amarin reports

WI2WI REPORTS 59% REVENUE GROWTH TO US$2.32M AND RETURNS TO PROFITABILITY WITH US$251K NET INCOME IN Q2 2026

Wi2Wi Corp. has released the financial results for the second quarter ended June 30, 2026. The Q2 (second quarter) 2026 financial statements and management's discussion and analysis (MD&A) are available on SEDAR+ and on the company's website.

Sue Amarin, chief executive officer and director, states: "We are very pleased with our second quarter results, which reflect meaningful year-over-year improvement across revenue, gross margin and profitability. The strong demand for our Precision Devices solutions, combined with disciplined operational execution and targeted investments in manufacturing capability, positions Wi2Wi well as we continue to strengthen our foundation for sustainable growth."

Highlights:

• Q2 2026 revenue of $2.32-million (U.S.), a 59-per-cent increase over Q2 2025 revenue of $1.47-million (U.S.);
• Gross profit of $868,000 (U.S.) in Q2 2026, versus gross profit of negative $73,000 in Q2 2025, an increase of 1,289 per cent;
• Q2 2026 gross margin of 37 per cent, compared with negative 5 per cent in Q2 2025, an increase of 840 per cent;
• Net income of $251,000 (U.S.) in Q2 2026, versus net loss of $653,000 (U.S.) in Q2 2025, an increase of 138 per cent;
• Q2 2026 EBITDA (earnings before interest, taxes, depreciation and amortization) of $447,000 (U.S.), versus EBITDA of negative $444,000 (U.S.) in Q2 2025, an increase of 201 per cent.

Subsequent to the end of Q2 2026, the company increased manufacturing yield on certain flagship products by greater than 30 per cent over the previous fiscal year, and acquired advanced manufacturing equipment as a key step in its capacity expansion and operation excellence initiatives. The new equipment will be operational in Q4 (fourth quarter) 2026 to meet increased demand for precision timing and frequency control products.

Strategy

Wi2Wi is focused on becoming a leading provider of high-reliability frequency control and precision timing solutions under its Precision Devices (PDI) brand. The strategy prioritizes faster delivery, higher quality and greater responsiveness to deepen ties with Tier 1 aerospace, defence, and industrial customers, and drive revenue growth through increased volumes and program participation.

Key initiatives:

• Full concentration on the core frequency control business after exiting wireless connectivity in early 2025;
• Cost optimization, product-mix refinement and U.S. manufacturing to improve margins;
• Enhanced customer responsiveness to expand share of wallet and recurring business;
• Investment in manufacturing automation for higher throughput and lower costs;
• Targeted R&D (research and development) for new products in space, industrial automation and advanced communications.

This disciplined approach aims to solidify Wi2Wi as a trusted supplier of precision solutions for mission-critical applications.

Outlook

Wi2Wi remains focused on strengthening its operational foundation for long-term growth. Despite continuing trade policy and tariff uncertainty, the company has successfully passed through related cost increases via pricing adjustments, limiting margin impact. With a strong order book and solid demand across aerospace, defence and industrial markets, management is cautiously optimistic for the second half of the year. Visibility into unit volumes is improving despite long sales and production cycles, supported by enhanced internal forecasting. The 2025 quality issue has been fully resolved; the new design is in production and shipping. Near-term priorities are ramping production, optimizing the supply chain and capitalizing on potential North American onshoring trends.

About Wi2Wi Corp.

Wi2Wi is a vertically integrated, made-in-USA manufacturer of high-reliability precision timing and frequency control products for defence, aerospace, medical and industrial applications. Headquartered in Middleton, Wis., the company delivers industrial and MIL-SPEC crystals, oscillators and filters under the Precision Devices brand.

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