Mr. Brad Douville reports

GREENLANE SIGNS DEFINITIVE AGREEMENTS WITH PANASONIC AS CASCADE LF PRODUCTION PARTNER IN BRAZIL

Greenlane Renewables Inc. has signed definitive agreements with Panasonic do Brasil Ltda. to localize production of Greenlane's proprietary next-generation Cascade LF landfill gas upgrading technology in Brazil.

Under the terms of the agreements, Greenlane and Panasonic will partner to establish volume production of Greenlane's Cascade LF and Cascade MS proprietary standard product lines. Panasonic has been granted a technology licence for fabricating the products in Brazil. Panasonic will produce the Greenlane branded product modules in its facilities in Sao Jose dos Campos in the Brazilian state of Sao Paulo, investing in facility modifications, tooling and production equipment, while also providing the necessary working capital and advance payment assurances to meet customer requirements. Panasonic's initial investments are expected to be in the range of eight million to 10 million Brazilian reais ($2-million to $3-million). Greenlane retains responsibility for product design, management of the supply chain including supplier selection and supplier quality assurance, marketing and sales, and commissioning and servicing of the products. The target is to be ready to ship the first system by the end of 2026. The partnership is expected to strengthen Greenlane's competitive positioning in one of the world's most dynamic biomethane markets and spur adoption of Greenlane's new technology.

"We are pleased to formalize our partnership with Panasonic, an established global leader in the development and manufacturing of innovative technologies and solutions for wide-ranging applications," said Brad Douville, chief executive officer of Greenlane. "Establishing local manufacturing in Brazil is key to enhancing project economics, improving access to competitive financing and supporting broader adoption of biomethane solutions in the region. The partnership brings not only its manufacturing expertise, but also the strength of Panasonic's balance sheet to support sales growth. Cascade LF advances the state of the art of technology in landfill gas upgrading by coming down the cost curve and going up the performance curve. We are launching this exciting new technology first in Brazil because we see the market need, and believe the technology can help accelerate project development by making biomethane more accessible and scalable."

"Establishing local production capacity for Cascade LF and Cascade MS aligns well with Panasonic's commitment to advancing clean energy solutions in Brazil and globally," said Michael Coleridge, director of business to business, Panasonic do Brasil. "By partnering with Greenlane to localize production, we are building a scalable industrial platform to support the growth of biomethane while contributing to Panasonic's green impact initiative and broader ambitions around decarbonization and the circular economy. We view this partnership as a meaningful step in strengthening Brazil's role in the global energy transition."

Cascade LF is Greenlane's next-generation patent-pending landfill gas upgrading technology featuring its new proprietary linear nitrogen rejection unit. It is designed for higher performance at lower cost, delivering up-to-99-per-cent methane recovery per nitrogen removal stage. Cascade MS shares commonality with Cascade LF and is Greenlane's membrane separation biogas upgrading solution, designed to provide the best possible combination of price and performance specifically for large biodigester projects.

Brazil represents a significant opportunity for biomethane project development, driven by a familiarity and leadership as a biofuel superpower (sugar cane ethanol), vast quantities of organic residues, a tropical climate that promotes robust methanogenesis of organic matter, evolving and supportive regulatory framework, and sophisticated and enthusiastic investors. Brazil's biomethane production is projected to expand significantly, with forecasts indicating an up-to-sevenfold increase in production capacity by 2035, representing a compound annual growth rate of approximately 21 per cent.

Cascade LF is a configured-to-order standard product engineered around two maximum inlet flow sizes of 2,500 cubic nanametres per hour and 5,000 cubic nanometres per hour. Initial production capacity is being established at a level equivalent to approximately 12 units per year of 2,500 cubic nanometres per hour systems, or six units per year of 5,000 cubic nanometres per hour systems, or a combination thereof, based on a single daily production shift. This anticipates future demand and maintaining market-competitive lead times. Capacity can be further scaled over time as the market evolves. The localized production strategy aligns with Greenlane's commitment to serving regional markets with cost-effective, scalable solutions.

About Greenlane Renewables Inc.

Greenlane is driving change: accelerating the energy transition. It is cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading global specialist in biogas desulphurization and upgrading, it has been actively contributing to the decarbonization of the planet for over 35 years with more than 500 systems sold into 32 countries. It transforms biogas generated from organic waste into high-value grid-ready renewable natural gas from a wide range of sources such as landfills, sugar mills, dairy farms, waste water and food waste. Greenlane is transforming energy production and creating new, sustainable revenue streams for its customers -- all while dramatically reducing carbon emissions.

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