Proposed Investment and collaboration, as contemplated by a letter of intent, aims to evaluate the feasibility of providing critical power infrastructure with advanced fuel maintenance solutions to an estimated $300 billion market of data centers in 2026

Tel Aviv, Israel, June 25, 2026 (GLOBE NEWSWIRE) -- Nexera Technologies Ltd ("Nexera" or the "Company") (NASDAQ:NEXR, NEXRW))), a data-driven company operating on the Amazon Marketplace expanding into the global homeland security sector through advanced artificial intelligence ("AI")-driven solutions, today announced that its majority-owned subsidiary, Fort Technology Inc. (TSXV:FORT) (NASDAQ:FRTT) ("Fort"), has entered into a non-binding letter of intent (the "LOI") for a proposed strategic investment and collaboration with Logia USA Inc. ("Logia USA"), a private company wholly owned by Mr. Yair Harel, the founder of Logia Israel Ltd. ("Logia Israel"), a pioneer in fuel maintenance automation and integrity systems for standby power generation. According to Logia USA, these systems are currently sold and deployed with leading companies in Israel.

The purpose of the LOI is to confirm the parties’ mutual interest in pursuing the proposed strategic collaboration and investment to leverage the extensive experience, know-how and proven technology developed by Mr. Harel through Logia Israel.

The LOI contemplates that Fort would acquire 50.1% of Logia USA (subject to an equity rebalancing mechanism as described below) and extend a credit facility of up to USD$2 million (with potential for an additional USD$5 million at the sole discretion of Fort) to accelerate U.S. growth, product development, and market expansion. In addition, the proposed structure includes performance-based equity compensation of common shares of Fort to Mr. Harel, based on the performance of Logia USA. The LOI also provides for potential equity rebalancing based on certain milestone achievements, which may result, if the applicable milestones are achieved and definitive agreements are entered int, in Mr. Harel and Fort holding up to 85% and 15%, respectively, of Logia USA upon full achievement of the targets within three years from the date of definitive agreements.