PRF Technologies Strikes Non-Binding Term Sheet With Dotz Nano To Expand Dotz's Footprint In AI-Driven Energy Optimization Market; Dotz Agrees To Acquire PRF's DeepSolar/GridFeed AI Energy Platform For $1M

PRF Technologies Ltd. (Nasdaq: PRFX) ("PRF" or the "Company") today announced that it has signed a non-binding term sheet with Dotz Nano Limited (ASX: DTZ) ("Dotz") for a strategic collaboration aimed at expanding Dotz’s presence in the rapidly evolving AI-driven energy optimization market. PRF believes the collaboration marks the next stage of growth for GridFeed™, which has matured to the point where it is ready to be taken to market by a dedicated commercialization partner.

Dotz would commercialize and ultimately acquire PRF’s DeepSolar/GridFeed™ AI energy platform for US$1.0 million, and the parties are working toward definitive agreements. Dotz would launch GridFeed in the market under an exclusive license from PRF, and PRF would take an equity position in Dotz through a US$250,000 participation in Dotz’s recently announced A$2.0 million placement.