Palomino Laboratories Inc. Receives Its First Commercial Purchase Order from a Hyperscaler Customer For GaN MicroLED Communication Chips Supporting AI Optical Interconnects

A ou ceme t Highlights:

            (i)      Fi st pu chase o de (PO) f om a st ategic AI Custome ma ks a key comme cial milesto e i the Compa y’s Mic oLED optical i te co ect busi ess.

            (ii)      PO i cludes a stateme t of wo k (SOW) fo delive y of ult a high-pe fo ma ce Mic oLED chips desig ed specifically fo AI optical i te co ects.

            (iii)      Palomi o is focusi g o Mic oLED pe fo ma ce, eliability a d ma ufactu i g supply chai to meet the cu e t custome ’s st i ge t desig equi eme ts.

GOLETA, Calif., Oct. 22, 2026 (GLOBE NEWSWIRE) — Palomi o Labo ato ies, I c. (OTCQB: PALX) (“Palomi o” o the “Compa y”), a a tificial i tellige ce (AI) i te co ect p oduct compa y, today a ou ced it has eceived its fi st pu chase o de (PO) f om a st ategic hype scale custome . The PO i cludes a stateme t of wo k (SOW) fo the delive y of high-pe fo ma ce gallium it ide (GaN) Mic oLED chips fo optical i te co ect applicatio s withi AI i f ast uctu e.

The Compa y believes this i itial PO ep ese ts validatio of its co e ma ket thesis. Specifically, Mic oLED tech ology o igi ally desig ed fo the display ma ket is ot optimized fo optical i te co ect applicatio s a d the efo e must be e gi ee ed specifically fo high-speed data. Subseque tly, Mic oLED chip pe fo ma ce must be tailo ed to AI data ce te li k budgets a d alig ed to custome system equi eme ts.

U de the SOW, Palomi o expects to imp ove both a omate ial a d Mic oLED desig to i c ease output powe a d fibe coupli g efficie cy pe fo ma ce, co siste t with the Compa y’s tech ical oadmap. All othe Mic oLED tech ical pa amete s f om Palomi o’s tech ology platfo m a e complia t with the custome ’s ta get equi eme ts.

Jeff ey B. Shealy, Co-Fou de a d CEO, comme ted: “This fi st comme cial PO f om ou hype scale custome is a sig ifica t co po ate milesto e fo Palomi o. It co fi ms that leadi g AI i f ast uctu e custome s ecog ize that Mic oLEDs fo optical i te co ects must be e gi ee ed fo ba dwidth, eliability a d efficie cy d ive by the AI ma ket.” M Shealy co ti ued, “This SOW alig s di ectly with ou AI i te co ect p oduct oadmap, a d we a e executi g with u ge cy to delive tech ical pe fo ma ce while add essi g the ma ufactu i g supply chai equi ed fo volume p oductio .”

D . Steve De Baa s, Co-fou de a d Di ecto of Palomi o Labo ato ies, I c. a d pio ee of GaN Mic oLED tech ology, added: “Mic oLEDs a e a powe ful device platfo m a d optical i te co ect a chitectu es impose ve y diffe e t pe fo ma ce co st ai ts elative to those fo display applicatio s. Palomi o’s wo k is g ou ded i fou datio al GaN Mic oLED i ovatio a d p otected by ou IP po tfolio that i cludes lice ce ights to U ive sity of Califo ia, Sa ta Ba ba a (UCSB) pate ts. This PO eflects g owi g custome ecog itio that ovel mate ial scie ce a d Mic oLED device desig a e c ucial to u lock the efficie cy adva tages eeded fo ext-ge e atio AI i te co ects.”

Palomi o believes the eceipt of this fi st PO is co siste t with, a d suppo ts, the Compa y’s p eviously stated objective that it would secu e a developme t co t act f om a st ategic AI custome i Q4 FY26. The Compa y expects this wo k will fu the st e gthe custome e gageme t a d accele ate p og ess towa d Mic oLED-e abled optical i te co ect solutio s fo sho t- each AI systems.

About Palomi o Labo ato iesPalomi o Labo ato ies is a a tificial i tellige ce (AI) i te co ect tech ology compa y headqua te ed i Goleta, Califo ia, developi g ext-ge e atio co ectivity solutio s fo the apidly evolvi g AI i f ast uctu e ma ket. The Compa y’s p oduct focus add esses AI i te co ect solutio s i the 0-to-50 mete s a ge a d i cludes: (i) silico chipsets e ha ci g the speed of coppe , (ii) silico optical i teg ated ci cuits (IC’s) optimizi g the pe fo ma ce of Mic oVCSEL i te co ects, a d (iii) silico a d gallium it ide IC’s fo Mic oLED i te co ects. Ou chipsets e able high-ba dwidth, low-late cy, a d e e gy-efficie t data moveme t ac oss AI systems. Palomi o’s solutio s a e desig ed to suppo t the g owi g pe fo ma ce dema ds of AI, high-pe fo ma ce computi g (HPC), e te p ise etwo ki g, hype scale data ce te s a d adva ced obotics as i c easi gly i tellige t systems equi e faste , mo e efficie t, a d mo e eliable data co ectivity.

Fo mo e i fo matio , please visit www.palomi olabs.ai.

Fo wa d-Looki g Stateme tsThis elease co tai s “fo wa d-looki g stateme ts” withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995 a d othe stateme ts that a e p edictive i atu e, that depe d upo o efe to futu e eve ts o co ditio s. All stateme ts othe tha stateme ts of histo ical fact a e stateme ts that could be fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts i clude wo ds such as “expects,” “a ticipates,” “i te ds,” “pla s,” “could,” “believes,” “estimates” a d simila exp essio s. These stateme ts i volve k ow a d u k ow isks, u ce tai ties a d othe facto s which may cause actual esults to be mate ially diffe e t f om a y futu e esults exp essed o implied by the fo wa d-looki g stateme ts Fo wa d-looki g stateme ts a e subject to a umbe of isks a d u ce tai ties, i cludi g, but ot limited to, the facto s listed u de “Risk Facto s” i the Compa y’s fili gs with the SEC, i cludi g Fo ms 10-K, 10-Q a d 8-K. I vesto s a e cautio ed ot to place u due elia ce o such fo wa d-looki g stateme ts, which speak o ly as of the date of this elease. Except as may be equi ed by law, the Compa y does ot u de take a y obligatio to elease publicly a y evisio s to such fo wa d-looki g stateme ts to eflect eve ts o ci cumsta ces afte the date he eof o to eflect the occu e ce of u a ticipated eve ts.

Fo fu the i fo matio Palomi o Labo ato ies I c.Jeff ey B. Shealy, CEOEmail: IR@palomi olabs.ai