Mr. Ted Clark reports

WI2WI CORPORATION ANNOUNCES THIRD QUARTER 2025 FINANCIAL RESULTS AND LEADERSHIP TRANSITION

Wi2Wi Corp. has released its financial results for the third quarter ended Sept. 30, 2025, and leadership transition.

Third quarter financial highlights (reported in United States dollars)

• Revenue of $1.75-million, representing a 3-per-cent increase compared with $1.71 million in the same period of fiscal 2024;
• Gross profit of $219,000 down from $468,000 (27-per-cent margin) in the same period of fiscal 2024;
• EBITDA (earnings before interest, taxes, depreciation and amortization) loss of $141,306 compared with an EBITDA profit of $172,564 in the same period of fiscal 2024;
• Net loss of $351,000, compared with a net loss of $78,000 in the same period of fiscal 2024;
• Cash on hand as of Sept. 30, 2025: $292,000;
• Net cash used in operations of: $361,000;
• Working capital of: $2.75-million.

CEO commentary

Ted Clark, chief executive officer, stated: "Our third quarter results reflect the continued impact of the earlier quality issue, and while this has weighed on our performance, we are seeing signs of stabilization across the business. Customer confidence is returning, operational consistency is improving and we are cautiously optimistic as we move into 2026. With strengthened processes and a clearer focus on execution, Wi2Wi is better positioned to build on its core strengths and support long-term growth."

A major shareholder demonstrated strong confidence in Wi2Wi's strategy and future potential by providing additional financial support. These funds will strengthen working capital and bolster inventory levels, enabling the company to advance with a clear focus on execution and growth in its core avionics, industrial and defence markets. Alongside this, Wi2Wi has expanded its sales team to enhance outreach and build new partnerships. Management expects these actions to drive significant increases in sales activity and partnership opportunities in the second half of the year.

Leadership transition

Wi2Wi today announced that chief executive officer Ted Clark will be stepping down from his role to spend more time with his family. The board extends its sincere gratitude to Mr. Clark for his leadership during a challenging period, including strengthening the company's core precision devices business and reinforcing key customer relationships. His efforts have positioned Wi2Wi for its next phase of growth.

The company has appointed Sue Amarin as chief executive officer, effective immediately. Ms. Amarin brings more than 20 years of senior leadership experience in semiconductors, engineered electronic systems and mission-critical industrial markets, with key roles at Intel, Micron Technology and Blaize. Her record includes scaling revenue across global industrial and defence accounts, improving operational execution, and leading high-impact technical customer engagement teams.

In her first year, Ms. Amarin will focus on strengthening sales execution, elevating customer engagement, tightening operational alignment across engineering and manufacturing, and accelerating design-in activity with high-reliability OEM (original equipment manufacturer) accounts. These initiatives are intended to enhance responsiveness, improve margin quality and support more predictable growth across Wi2Wi's core markets.

"Our thanks go to Ted for his commitment and steady leadership," said Gary DuBroc, chair of the board. "He helped sharpen the company's strategic focus and put in place the operational groundwork needed to support future performance. We are also very pleased to welcome Sue as our new CEO. Her deep technical background, commercial discipline and strong customer-centric philosophy are exactly what Wi2Wi needs going forward."

"I am excited to join Wi2Wi at a pivotal time," said Ms. Amarin. "The company has a strong foundation in precision timing solutions and a respected reputation among demanding aerospace, defence and industrial customers. My priority is to ensure we listen closely to our customers, execute with discipline, and align our teams around delivering the performance, reliability and responsiveness that these markets require. I look forward to working with the board and the entire Wi2Wi team to unlock the company's full potential."

Mr. Clark will remain available to support a smooth and orderly transition.

About Wi2Wi Corp.

Wi2Wi is a specialized electronic component supplier with expertise in all aspects of frequency control components. Wi2Wi's precision devices brand of products has earned a premier spot in numerous key markets including avionics, aerospace, industrial equipment, government and the United States military. Wi2Wi's frequency control products are best in class and of the highest quality.

Founded in 2005, Wi2Wi's headquarters, design centre and state-of-the-art manufacturing facility are located in the heart of America's industrial belt in Middleton, Wis. Wi2Wi can deliver specific solutions using its in-house design and manufacturing expertise, as well as leveraging many Tier 1 global partnerships with numerous industry-leading silicon suppliers.

Wi2Wi has partnered with best-in-class sales leaders. The company uses a global network of manufacturer's representatives to promote its products and services, and has partnered with world class distributors for the fulfilment of orders all of which augment a United States-based direct sales team.

Wi2Wi is extremely proud to serve many of the world's top companies with its made-in-America products.

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