Mr. Patrick Cole reports

ZERONOX UPDATE ON BUSINESS

Armada Mercantile Ltd., through its 7-per-cent ownership portfolio company Zero Nox Inc. (Zeronox), has highlighted the following business and newsletter update:

• Zeronox has received its second California Air Resources Board (CARB) executive order covering the Zeronox EV (electric vehicle) retrofit kit for Class 8 vehicles, including heavy-duty trucks and transit buses.
• Zeronox is in the final stages of completing its California HVIP (hybrid and zero-emission truck and bus voucher incentive project) manufacturer eligibility application to conduct an all-electric range (AER) test, one of the key remaining requirements before vehicles appear in the California HVIP-eligible vehicles catalogue.
• Zeronox and TREDC have officially launched the Pleasant View School District school bus retrofit conversion process, gaining real experience in clean transportation and vehicle electrification.
• Zeronox was issued a U.S. patent for its Venturi device with forced induction technology by the U.S. Patent and Trademark Office. The patent covers a novel supercharger system incorporating a Venturi device that uses exhaust gas recirculation and vortex formation to compress intake air for internal combustion engines, without the use of traditional mechanically moving components.
• Zeronox has successfully completed a Stage 4 vortex infusion chamber (VIC) pilot program with Obayashi Corp., focused on system installation and bringing a proprietary VIC CC system on line across pilot vehicles.
• Zeronox chief executive officer and president Robert Cruess will be a featured panelist at ACT Expo 2026, North America's largest fleet technology conference and expo, taking place May 4 to May 7, 2026, at the Las Vegas Convention Center.

About Zero Nox Inc.

The Zeronox electric powertrain platform is the OEM (original equipment manufacturer) and fleet solution to a cleaner, higher-performing and cost-effective future. The platform is scalable for commercial and industrial vehicles and agile enough to adapt to new technology as it becomes available.

We seek Safe Harbor.