Mr. Steve Fray reports

ABAXX TO LAUNCH WORLD'S FIRST EXCHANGE-TRADED SOLAR FUTURES CONTRACT

Abaxx Technologies Inc.'s Abaxx Exchange will expand its weather-indexed product suite with the launch of Enwex Germany Solar (GSM) futures, available for trading on April 23, 2026.

For the first time in 2025, solar power produced more electricity in Germany than lignite, becoming the second-largest source in the country's net public electricity generation. As weather-driven swings in irradiance increasingly affect realized output and portfolio risk for solar-heavy books, Enwex Germany Solar futures are designed to provide an exchange-cleared benchmark for hedging deviations from expected generation and reducing solar-specific basis exposure.

"Solar exposure has traditionally been managed through a mix of bilateral weather trades and broader power positions," said Joe Raia, chief commercial officer of Abaxx Exchange. "This contract brings solar utilization into a centralized, exchange-cleared market, giving market participants a forward curve to trade and improving arbitrage and cross-hedging opportunities, while also giving lenders greater confidence in the stability of generation-linked revenues as Germany continues to scale solar capacity."

"Germany's rapid solar buildout makes it a natural setting for our first dedicated photovoltaic benchmark," said Robin Girmes, founder and chief executive officer of Energy Weather and Enwex. "Our indices translate meteorological variables into standardized utilization metrics, and listing the Germany Solar Index with Abaxx brings that framework into a regulated futures market built for renewable-generation risk."

Max Amir Dieringer, chief executive officer of Citadel FlexPower, a leading European power trader, added: "Volumetric solar risk is becoming increasingly relevant in the European and especially German market. As we originate an ever-increasing number of tolling structures for co-located solar and battery storage assets, managing our solar production risk effectively has become inevitable. FlexPower welcomes the creation of a lit and tradable market for volumetric solar risk."

Enwex Germany Solar (GSM) futures will be euro denominated, financially settled and indexed to Enwex Solar Germany, a forecast-based index of total incoming solar radiation translated into standardized generation utilization rates, expressed in euros per megawatt-hour. View contract details, connected clearing and broker firms, and request market access on the Abaxx Exchange website.

About Abaxx Technologies Inc.

Abaxx Technologies is building smarter markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges people face as a society, including the energy transition.

In addition to developing and deploying financial technologies that make communication, trade and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiary Abaxx Spot Pte. Ltd., the operator of Abaxx Spot.

Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally cleared futures contracts, including physically deliverable and financially settled products, in LNG (liquefied natural gas), carbon, battery materials, precious metals and weather-indexed renewables, meeting the commercial needs of today's commodity markets and establishing the next generation of global benchmarks.

Abaxx Spot modernizes physical gold trading through a physically backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions and efficient OTC (over-the-counter) transfers and is designed to support physical delivery for Abaxx Exchange's physically deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.

Adaptive Infrastructure closes critical gaps in posttrade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement and transfer agency services designed to reduce risk and improve reliability across asset classes.

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