Mr. Jim Rakievich reports

MCCOY GLOBAL ANNOUNCES SUCCESSFUL COMMERCIALIZATION OF SMARTR AND SIGNIFICANT CONTRACT AWARD

McCoy Global Inc. has successfully commercialized its innovative smarTR technology.

"The smarTR system, designed to enhance wellbore integrity, significantly improve personnel safety and optimize tubular running operations, has exceeded customer expectations. Confidence in the technology from its U.S. [United States] field-trial partners, including a leading U.S. tubular running service (TRS) provider, resulted in $11-million of contract awards for smarTR hardware. In addition to the equipment award, the contract includes utilization-based SaaS [software-as-a-service] revenue for the system's remote integration and automated operational capabilities," said Jim Rakievich, president and chief executive officer. "This commitment underscores industry confidence in our technology, particularly in the U.S. land market, where recent market volatility and recessionary pressures loom."

The order is expected to be delivered in 2025.

"We believe the TRS space is on the verge of transformation, and this milestone marks the culmination of over five years of dedicated effort and innovation, and we are thrilled to see our vision becoming a reality," said Bing Deng, chief operating officer. "Conventional equipment and processes in TRS are mechanical, highly repetitive, require significant skilled labour inputs, have a high rate of personnel safety exposure, and maintain minimal well integrity data. There is a critical shortage of skilled and experienced labour, and in the U.S. land market, this is a significant cost to TRS operations. McCoy's smarTR system is an innovative solution to all these challenges. By integrating McCoy's proprietary hydraulic smartCRT, smartFM, and related tubular running accessories, McCoy's smarTR system is a first-to-market technology that significantly enhances both safety and efficiency, and targets up to a 67-per-cent reduction in labour costs associated with TRS."

We seek Safe Harbor.