VANCOUVER, B itish Columbia, Ju e 25, 2026 (GLOBE NEWSWIRE) — E co e Tech ologies Co p. (“E co e” o the “Compa y”) (CSE:ENCR) is pleased to a ou ce that it has e te ed i to a bi di g te m sheet with Solsta Space Compa y (“Solsta ”) pu sua t to which E co e i te ds to make a st ategic i vestme t of US$1.0 millio i Solsta (the “I vestme t”), subject to the completio of a fi a ci g by E co e a d the executio of defi itive docume tatio .
The I vestme t is i te ded to p ovide E co e with mea i gful exposu e to a high-g owth i dust y th ough a i vestme t i Solsta , which develops commu icatio s i f ast uctu e a d co ectivity solutio s fo the eme gi g space eco omy. Solsta ’s Deke Space Commu icato is cu e tly ope ati g successfully o -o bit o the Mome tus Vigo ide 7 missio lau ched by SpaceX Falco 9 i Ma ch 2026. Co-passe ge s o the missio i clude NASA, DARPA, a d a comme cial space data ce te ope ato , all of which a e usi g the Deke se vice. This missio ep ese ts a sig ifica t tech ical a d comme cial milesto e fo the compa y a d a impo ta t step towa d comme cial deployme t.
Co cu e tly, E co e i te ds to complete a o -b oke ed p ivate placeme t of commo sha es fo g oss p oceeds of up to C$1.4 millio (the “Fi a ci g”). The Fi a ci g is a co ditio to completio of the I vestme t a d is expected to be used p ima ily to fu d the I vestme t.
- Bi di g te m sheet executed fo a p oposed US$1.0 millio st ategic i vestme t i Solsta th ough a co ve tible loa .
- Solsta develops commu icatio s i f ast uctu e desig ed to e able pe siste t co ectivity betwee spacec aft, ope ato s a d futu e space-based i f ast uctu e.
- Solsta ’s Deke Space Commu icato successfully ope ati g o -o bit aboa d a Mome tus Vigo ide 7 missio lau ched by SpaceX Falco 9 i Ma ch 2026.
- E co e believes the ext 24 mo ths will be a c itical pe iod i Solsta ’s evolutio i to a fou datio al commu icatio s platfo m fo the eme gi g space eco omy.
- E co e a d Solsta i te d to explo e futu e oppo tu ities to i teg ate Solsta ’s commu icatio s capabilities with E co e’s b oade i tellige t i f ast uctu e i itiatives.
- E co e pla s a co cu e t o -b oke ed p ivate placeme t of up to C$1.4 millio at a p ice of C$0.26 pe commo sha e.
E co e believes commu icatio s i f ast uctu e will emai a fou datio al compo e t of ext-ge e atio tech ology systems, both o Ea th a d beyo d. As activity i space co ti ues to expa d, dema d fo eliable co ectivity, data t a smissio a d commu icatio s se vices is expected to i c ease ac oss a b oad a ge of civil, comme cial, a d gove me t applicatio s. The space eco omy is amo g the wo ld’s fastest g owi g eco omy acco di g to i dust y esea ch at McKi sey & Co a d the Wo ld Eco omic Fo um.
Solsta was ide tified by E co e as a compelli g st ategic i vestme t oppo tu ity due to its milesto es achieved i developi g commu icatio s i f ast uctu e a d co ectivity solutio s fo spacec aft, comme cial a d gove me t space ope ato s a d futu e off-wo ld i f ast uctu e. The successful o -o bit demo st atio of Deke ep ese ts a sig ifica t tech ical validatio of Solsta ’s platfo m a d ma ks a impo ta t step towa d comme cial deployme t. E co e believes the ext 24 mo ths will be pivotal i the matu atio of Solsta ’s b oadba d commu icatio s platfo m, which is desig ed to suppo t pe siste t co ectivity ac oss the eme gi g space eco omy.
E co e believes that commu icatio s etwo ks, telemet y systems a d dist ibuted data i f ast uctu e a e i c easi gly co ve gi g ac oss te est ial a d space-based e vi o me ts. As i tellige t i f ast uctu e co ti ues to evolve, ma ageme t sees pote tial oppo tu ities to explo e how space-based co ectivity a d commu icatio s tech ologies may compleme t the Compa y’s existi g a d futu e busi ess i itiatives.
“Commu icatio s i f ast uctu e will be a c itical compo e t of the ext ge e atio of i tellige t systems, both o Ea th a d i space,” said Stephe Kukucha, Chief Executive Office of E co e.
“We believe Solsta is developi g tech ologies that add ess a g owi g eed fo pe siste t co ectivity ac oss comme cial, civil a d gove me t space applicatio s. As the space eco omy co ti ues to matu e, commu icatio s i f ast uctu e has the pote tial to become a fou datio al laye of futu e space-based ope atio s, which alig s closely with ou b oade visio of i tellige t i f ast uctu e a d co ectivity. We a e excited to suppo t the compa y’s co ti ued g owth as stakeholde s a d explo e futu e oppo tu ities fo collabo atio .”
B ia Ba ett, Chief Executive Office of Solsta , comme ted:
“We a e pleased to welcome E co e as a st ategic i vesto at a impo ta t stage i Solsta ’s g owth. With ou Deke commu icatio s tech ology ow successfully ope ati g o -o bit, ou focus shifts towa d expa di g ou custome adoptio , adva ci g ou tech ology oadmap, a d pu sui g ew oppo tu ities, comme cial a d gove me t, i Ea th o bit a d o the Moo . We believe the comi g yea s ep ese t a sig ifica t oppo tu ity to establish commu icatio s i f ast uctu e that suppo ts the ext ge e atio of space ope atio s. We also look fo wa d to explo i g pote tial a eas of collabo atio with E co e as both compa ies pu sue i ovative app oaches to co ectivity a d i f ast uctu e.”
The Compa y i te ds to complete a o -b oke ed p ivate placeme t of up to 5,384,615 commo sha es at a p ice of C$0.26 pe commo sha e fo agg egate g oss p oceeds of up to C$1.4 millio . The et p oceeds of the Fi a ci g a e expected to be used p ima ily to fu d the p oposed I vestme t a d fo ge e al wo ki g capital pu poses.
The Compa y may pay sta da d fi de fees i co ectio with the Fi a ci g. The Fi a ci g emai s subject to all equi ed egulato y app ovals, i cludi g the app oval of the Ca adia Secu ities Excha ge. All secu ities issued u de the Fi a ci g will be subject to a statuto y hold pe iod of fou mo ths plus o e day f om the date of issua ce.
The pa ties have e te ed i to a bi di g te m sheet outli i g the p i cipal te ms of the p oposed I vestme t. Completio of the I vestme t emai s subject to the successful completio of the Fi a ci g, executio of defi itive docume tatio , eceipt of equi ed egulato y app ovals a d satisfactio of customa y closi g co ditio s.
Te ms of the p oposed I vestme t i clude a secu ed co ve tible loa i the p i cipal amou t of US$1,000,000 bea i g i te est at a i itial ate of 10% pe a um, with step-up p ovisio s the eafte , a d matu i g five yea s f om closi g. Except followi g a eve t of default, the p i cipal amou t of the I vestme t is ot epayable i cash a d shall be satisfied solely th ough co ve sio i to equity i acco da ce with the te ms of the I vestme t. The I vestme t is expected to be secu ed by a fi st- a ki g secu ity i te est ove substa tially all of Solsta ’s assets, subject to customa y pe mitted e cumb a ces.
The I vestme t is expected to be co ve tible i to equity secu ities of Solsta o a successo issue upo ce tai fi a ci g, liquidity, st ategic t a sactio o matu ity eve ts, at a co ve sio p ice equal to the lowe of: (i) a 25% discou t to the applicable t a sactio p ice; a d (ii) a p ice based o a fully diluted p e-mo ey valuatio cap of US$14,000,000, less a 25% discou t.
Solsta is a U.S.-based commu icatio s i f ast uctu e compa y developi g co ectivity solutio s fo the apidly g owi g space eco omy. The Compa y is focused o e abli g o -dema d commu icatio s fo spacec aft, comme cial space ope ato s, gove me t age cies a d futu e space-based i f ast uctu e th ough a combi atio of commu icatio s ha dwa e, softwa e a d commu icatio s se vices. Solsta ’s Deke Space Commu icato is cu e tly ope ati g o -o bit, suppo ti g the Compa y’s missio of exte di g co ectivity beyo d t aditio al te est ial etwo ks.
E co e Tech ologies Co p. is a tech ology-focused public compa y adva ci g i tellige t i f ast uctu e solutio s a d evaluati g st ategic oppo tu ities i eme gi g tech ology secto s. The Compa y seeks to ide tify tech ologies a d pa t e ships that have the pote tial to imp ove co ectivity, ope atio al efficie cy a d lo g-te m i f ast uctu e esilie ce.
Fo fu the i fo matio co tact:Stephe KukuchaChief Executive Office Tel: (604) 398-4786
This ews elease co tai s “fo wa d-looki g i fo matio ” withi the mea i g of applicable Ca adia secu ities laws. Fo wa d-looki g i fo matio i cludes stateme ts ega di g the p oposed Fi a ci g, the p oposed I vestme t, the executio of defi itive ag eeme ts, the use of p oceeds, a ticipated st ategic be efits, pote tial futu e collabo atio oppo tu ities betwee E co e a d Solsta , the completio of the t a sactio s desc ibed he ei , a d othe stateme ts that a e ot histo ical facts. Fo wa d-looki g i fo matio is ge e ally ide tified by wo ds such as “expects,” “i te ds,” “a ticipates,” “believes,” “pla s,” “estimates,” “may,” “could,” “would,” “should,” a d simila exp essio s. Fo wa d-looki g i fo matio eflects ma ageme t’s cu e t beliefs a d assumptio s a d is subject to a umbe of k ow a d u k ow isks, u ce tai ties, a d othe facto s that may cause actual esults, pe fo ma ce, o achieveme ts to diffe mate ially f om those exp essed o implied, i cludi g: the failu e to obtai equi ed egulato y app ovals; the failu e to complete the Fi a ci g o the I vestme t o the te ms desc ibed o at all; cha ges i ma ket co ditio s; the ea ly stage of Solsta ’s tech ology a d busi ess; isks i he e t i the space i dust y; a d ge e al eco omic, ma ket o busi ess co ditio s. Reade s a e cautio ed ot to place u due elia ce o fo wa d-looki g i fo matio . The Compa y u de takes o obligatio to update o evise fo wa d-looki g i fo matio except as equi ed by applicable law.
The CSE has eithe app oved o disapp oved the co te ts of this ews elease. The CSE does ot accept espo sibility fo the adequacy o accu acy of this ews elease.
