File: '\\swfile\EmailIn\20250429 035601 Attachment 2024 Q4 - Press Release.docx'

Spectra Products Inc. Reports 4th quarter 2024 results.

For Immediate Release - April 28, 2025

Toronto, Ontario - Spectra Products Inc. (SSA: TSX VENTURE) reports the release of its financial results for the year ended December 31, 2024.

Continued operational profitability in 2024 has allowed the Company to increase its cash reserves by over $150,000 to $1,390,325 as at December 31, 2024.

Revenues for the year ended December 31, 2024 were $1,656,822 compared to $2,076,927 for the same period in 2023. Revenues for the fourth quarter ending December 31, 2024 were $421,466 compared to $366,217 for the same period in 2023.

In the year ended December 31, 2024, net income before taxes of $214,427 was earned compared to net income before taxes of $387,159 for the same period in 2023. In the fourth quarter ended December 31, 2024, net income before taxes of $73,337 was earned compared to net income before taxes of $8,622 for the same period in 2023.

"Although Spectra experienced a reduction in revenue in 2024, we maintained strong margins and profitability over the course of the year." said Andrew Malion, CEO of Spectra Products Inc. "The fourth quarter showed particularly strong sales, setting us up for a strong start to 2025."

Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeO, Zafety Lug LockO, Hub Alert(TM) as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants, and Optimum Fleet Health, a revolutionary AI predictive and prescriptive vehicle maintenance software.

Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporation's customers. Actual results and developments may therefore differ materially from those described in this release.

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES

On behalf of the Board of Directors,

Andrew Malion, President, Spectra Products Inc.

Investor Relations: 1-800-308-5255

E-Mail: info@spectrainc.ca

Website: www.spectrainc.ca

______________________________________________________________________ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.