Mr. Romain Nouzareth reports

SATO TECHNOLOGIES ANNOUNCES RANDAL S. MILCH, FORMER VERIZON GENERAL COUNSEL AND NYU CENTER FOR CYBERSECURITY CO-CHAIR, AS NEW BOARD MEMBER, STRENGTHENING POSITION IN US FINANCIAL MARKETS

Sato Technologies Corp. has appointed Randal S. Milch, an independent director, to its board of directors. After this appointment, the total number of board members is increased to six.

Mr. Milch is the co-chair of the NYU Center for Cybersecurity, a professor of practice at NYU School of Law, and the faculty co-director of the MS in Cybersecurity Risk and Strategy Program. Prior to coming to NYU, Mr. Milch was the general counsel and head of public policy at Verizon Communications. At Verizon, Mr. Milch chaired the Verizon Executive Security Council, which oversaw information security across all Verizon entities. Mr. Milch was responsible for national security matters at Verizon beginning in 2006 and served as the senior cleared executive at Verizon. Mr. Milch is a member of the boards of The Analysis Group Inc. and RiskQ Inc.

"We are thrilled to welcome Randal Milch to our board of directors. His experience and expertise, gleaned from leadership roles at Verizon and the NYU Center for Cybersecurity, will be instrumental in guiding our strategic approach to the U.S. financial markets. This appointment reaffirms our commitment to fostering innovation, building the digital infrastructures of the future, and ensuring robust governance in a rapidly evolving landscape," said Romain Nouzareth, chief executive officer and co-founder of Sato.

"I'm honoured to join Sato's board of directors," added Mr. Milch, "and to assist in building Sato's bright future."

The company also announces that it has granted stock options to purchase an aggregate of 30,000 common shares to directors and employees pursuant to the company's amended and restated stock option plan. The options are exercisable into common shares of the company at a price of 38 cents per share for a period of five years.

About Sato Technologies Corp.

Sato, founded in 2017, is a publicly listed company positioned for continuing success in deploying computing power for bitcoin mining, high-power computing and artificial intelligence, via proprietary data centres designed to provide efficient compute power tailored for the digital world. The company prides itself on outstanding performance, financial stability and a top-tier team.

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