Mr. Eugene Hodgson reports

TEVANO SYSTEMS HOLDINGS INC. FORGES STRATEGIC PARTNERSHIP WITH HAMPTON UNIVERSITY TECH RESEARCH PARK TO PURSUE WET/DRY LAB GRANT APPLICATION

Tevano Systems Holdings Inc. has entered into a groundbreaking collaboration with Hampton University's Tech Research Park in a joint pursuit of the HBCU (historically Black colleges or universities), TCCU (tribally controlled colleges or universities) and MSI (minority-serving institutions) RDI (Research and Development Infrastructure) grant program for the fiscal year 2023. This dynamic partnership is aimed at establishing a cutting-edge wet/dry lab and makerspace, heralding a new era of research, innovation and economic growth in critical technological fields.

The Department of Education's office of postsecondary education has released a call for applications for the fiscal year 2023 HBCU, TCCU and MSI RDI grant program. This initiative is strategically designed to empower higher education institutions by bolstering research infrastructure, fostering faculty expertise, enhancing research productivity and fostering impactful partnerships.

Hampton University, a prestigious private research university located in Hampton, Va., has unveiled an ambitious blueprint to construct world-class wet/dry labs and makerspaces within its state-of-the-art Tech Research Park. These facilities will serve as fertile ground for pioneering technological advancements. This visionary project aligns seamlessly with the objectives of the RDI grant program, and resonates deeply with Tevano's mission of driving technological innovation within the lithium and petroleum extraction industry, while concurrently promoting sustainable economic growth.

Project objectives:

• Strengthen R&D (research and development) infrastructure: The partnership will prioritize the establishment of state-of-the-art laboratories equipped with cutting-edge technologies.
• Foster innovation and entrepreneurship: Both Tevano and Hampton are committed to facilitating the journey from concept to prototype, all while adhering to the principles of wealth ecology.
• Enhance academic programs: These laboratories and makerspaces will be seamlessly integrated into existing academic curricula within the fields of engineering and technology.

Tevano brings to the table its substantial expertise in lithium, and oil and gas water separation technology, along with a proven record in commercialization, all underpinned by the unique perspective of the wealth ecology model. Dr. Oliver Jones from Hampton University stated: "Our partnership is not solely focused on economic gain -- it also aspires to deliver societal benefits and promote responsible stewardship of resources."

The estimated total project cost stands at $10-million, inclusive of FIPSE (Fund for the Improvement of Postsecondary Education) funding, and matching funds secured from industry partnerships and private donors. The four-year timeline encompasses planning, construction, academic program integration and comprehensive evaluation.

Dusty McKinnon, Tevano's interim chief technology officer, affirmed: "This partnership marks a significant step in aligning the visions of Hampton University Tech Research Park and Tevano Systems. Our focus is to provide technical and research collaboration. Together, we aspire to not only meet the criteria for the RDI grant but also to establish a legacy of research and innovation that will benefit academia, industry and society at large."

About Tevano Systems Holdings Inc.

Tevano Systems Holdings is a leading technology company specializing in renewable energy systems. With a focus on innovative solutions, Tevano Systems is dedicated to developing and commercializing cutting-edge technologies that drive sustainability and create a greener future.