Mr. Mark Fernandez reports

SPECTRA PRODUCTS INC. ANNOUNCES LEAVE OF ABSENCE OF PRESIDENT AND APPOINTMENT OF INTERIM PRESIDENT

Andrew Malion, president of Spectra Products Inc., is taking a leave of absence for personal reasons, effective immediately.

The board of directors of the company has appointed Robert Moran as interim president, effective immediately. Mr. Moran has been on the board of directors of Spectra since July, 2022, and is well positioned to ensure the continuing execution of the company's operations and business plan.

About Spectra Products Inc.

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