Mr. Paul Woodward reports

EXTENSION OF URBAN SMALL MOTORS EMISSIONS ABATEMENT PROJECT FOR 2024

Aether Catalyst Solutions Inc. has extended the urban small motor emission abatement project (USMEAP) with the City of Burnaby for year 4.

The third season of field testing with the City of Burnaby wrapped up with NOx (nitrogen oxides) conversion remaining 100 per cent on all units. Usage for several of the mowers was particularly high this season, giving the company added insights into durability. Additionally, this year, the company was able to demonstrate that air injection can enable it to offer a three-way catalysis solution with one formulation.

For year 3, the program continued with the same six units equipped with Aether catalysts. Highlights of year 3 of the USMEAP are as follows.

Technical highlights:

• Six active mowers in the test fleet;
• All units showing 100-per-cent NOx reduction;
• All but one unit is over 200 hours, three are over 300 hours, and one is over 380 hours;
• Demonstrated that air injection enables the company to offer a three-way catalysis solution with one formulation.

Program highlights:

• The program has been renewed for 2024;
• Current data set has been helpful in OEM (original equipment manufacturer) outreach;
• For the USMEAP, Aether is able to make use of the muffler housing, substituting its catalyst for existing muffler material, resulting in a plug-and-play solution with high performance, requiring minimal engineering and no loss of sound dampening;
• Aether and the City of Burnaby will continue the program for the 2024 season.

Taylor Procyk, chief operating officer of Aether, commented: "The USMEAP continues to demonstrate the robust capability of our NOx catalyst. Aether looks forward to continuing to work with the City of Burnaby to further demonstrate the technology. The results generated so far have been very useful in discussions with OEMs regarding our emissions abatement capabilities."

About Aether Catalyst Solutions Inc.

Aether Catalyst Solutions is focused on providing an order-of-magnitude cost reduction in automotive catalytic converter catalysts while meeting or exceeding government emission standards. Aether is working to quickly advance its technology through rapid screening of new materials directed at enhancing end-of-life conversion levels after accelerated aging. While Aether's primary focus has been automotive applications, the company is also developing catalysts to address small motor emissions -- a significant contributor to urban air pollution.

We seek Safe Harbor.