20:19:34 EDT Wed 26 Aug 2026
Enter Symbol
or Name
USA
CA



Fort Technology Inc (3)
Symbol FORT
Shares Issued 14,909,979
Close 2026-08-26 C$ 1.48
Market Cap C$ 22,066,769
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Fort Technology closes acquisition of 50.1% of Logia

2026-08-26 16:54 ET - News Release

Mr. Gabi Kabazo reports

FORT TECHNOLOGY CLOSES ACQUISITION OF LOGIA USA - FUEL INTEGRITY SOLUTIONS FOR DATA CENTERS COMPANY

On Aug. 26, 2026, Fort Technology Inc. completed its previously announced acquisition of 50.1 per cent of Logia USA Inc., a company focused on selling advanced fuel integrity solutions for data centres and other mission-critical facilities in the United States. Further to the equity rebalancing mechanism as described in the company's press release issued on Aug. 11, 2026, the company's shareholding in Logia USA may be decreased to 5 per cent upon the achievement of certain sale milestones by Logia USA. On closing, the company issued an aggregate of 132,603 common shares ($125,000 (U.S.)) in the capital of company to Yair Harel, the founder of Logia USA. The transaction is arm's length and no finder's fee is payable.

Mr. Harel will continue to lead Logia USA as chief executive officer under a consulting agreement. Pursuant to the consulting agreement, the company will pay Mr. Harel a consulting fee of $140,000 (U.S.) per year, issue to Mr. Harel up to 2,652,058 common shares (up to $2.5-million (U.S.)) upon the achievement of certain milestones as described in the company's press release issued on Aug. 11, 2026, and, for each fiscal year in which the operating profit of Logia USA exceeds $5-million (U.S.), pay to Mr. Harel a bonus equal to 10 per cent of the net profit (after allocation of the profitability bonus) on payment terms determined by the board.

The transactions includes the extension by the company to Logia USA of an unsecured $2-million (U.S.) credit facility to support Logia USA's U.S. market entry, product development, operations and growth. The credit facility will be advanced in eight tranches over the course of two years tied to agreed operational and sales milestones, bears interest at 6 per cent per annum and matures on Aug. 6, 2029, subject to earlier repayment upon the occurrence of the first rebalancing threshold under the share transfer agreement (as described in the company's press release issued on Aug. 11, 2026). The global data centre market is projected to grow substantially in the coming years, creating increased demand for solutions that help ensure backup power systems perform when needed. Through Logia USA, Fort aims to support the commercialization and expansion of these fuel integrity solutions across the United States, with a primary focus on the data centre sector. With the global data centre market projected to grow from approximately $300-billion (U.S.) in 2026 to about $700-billion (U.S.) by 2034 (according to Fortune Business Insights), maintaining fuel integrity is becoming an increasingly important operational priority.

Logia Israel's automated systems provide continuous monitoring and filtration to maintain fuel quality to ASTM D975 standards, supporting reliable generator performance when power fails. The parties intend to expand these capabilities into the United States through Logia USA with a primary focus on the data centre.

About Fort Technology Inc.

Fort is engaged in the retail sale of consumer products, primarily serving the pest control and remedial repair industries. Fort develops, markets and sells a range of products for both amateur and professional customers under its proprietary brands, including Roshield, Entopest, Rempro and BirdGo. Products are sold primarily through Amazon marketplaces in the United Kingdom and Europe as well as through other on-line sales channels. Fort currently serves customers throughout the United Kingdom and continental Europe and plans to expand its retail operations into the United States, subject to applicable regulatory approvals, including through the acquisition of Logia USA, a company focused on selling advanced fuel integrity solutions for data centres and other mission-critical facilities in the United States.

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