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Vancouver, B.C. June 6, 2025 TheNewswire Aether Global Innovations Corp. (" Aether " or the " Company ") (CSE: AETH) (OTC: AETHF) (Frankfurt: 4XA) (WKN# A2N8RH), a leader in drone management and automation, is pleased to provide an update respecting its proposed acquisition of 1401068 B.C. Ltd. (" 140 ").
In November 2024, Aether Global Innovations signed a definitive securities exchange agreement (the " SEA ") to acquire 140 for 19,100,100 common shares of the Company (the " Transaction ") at a deemed issue price of $0.025 per share. 140's principal asset is an investment agreement with Xentera Technologies Inc. (" Xentera "), which gives 140 the right it to invest in Xentera, an early-stage drone technology company that has developed a long-range drone capable of travelling thousands of kilometres.
Over the past few years, we have witnessed and increase in unmanned aircraft system (UAS) solutions for myriads of applications specifically around defence. Aether has spent the past few months in discussions and exploring the use case for long range UAS solutions, specifically amongst NATO countries, and, in anticipation of the Transaction and Aether's subsequent investment into Xentera, Aether and Xentera have also conducted a competitive analysis to position Xentera's solution in a way that ensures it is both competitive and aligned with market demand. The Company understands there are several DARPA-backed projects developing products with similar goals, which supports the viability and relevance of Xentera's project.
With that being said, there is a need for advanced border security solutions using long range drones that can travel at high speeds. In addition, heavy lift drones that have the ability to carry tactical payloads. Due to the design and capability of the Xentera drone, it makes for a viable option to equip the drone with a defensive capability and also patrol large areas quickly and autonomously. Furthermore, due to its vertical take-off and land capability, the drone can be launched from almost any location.
Xentera CEO, Shirak Kevorkian, states "the drone can be used for any time-sensitive operation, with the added benefit of operational versatility due to its vertical take-off and landing capability. This allows it to deliver critical cargo to remote areas without runways. It can also transport cargo for military operations; moreover, it can serve as a mothership, deploying loitering drones, and munitions". Over the past few months Xentera have been focused on how the drone performs and powered for long missions and the vehicle configuration has been updated from being powered by jet engines and generators to being powered solely by generators that drive large fans for flight.
Aether CEO, Phil Lancaster, states "I have been working closely with overseas partners specifically around the use of UAS in conflict zones and we have garnered a wealth of information in anticipation of the Transaction and the Company's investment into Xentera. It was important for us to have those discussions in order to understand the efficacy of a long-range drone for defence applications. We are certainly looking forward to working with Xentera and delivering this capability to our partners.
Completion of the Transaction remains subject to the satisfaction of customary conditions precedent, including approval of the Canadian Securities Exchange. Although the SEA contemplates as an additional condition precedent to the Transaction that the Company have completed an equity financing of no less than $500,000, the Company intends to waive such condition to facilitate a faster closing of the Transaction.
Resignation of Director
The Company would also like to announce the resignation of Independent Board Director, Alan Treddenick.
Mr. Treddenick joined the Board in May of 2023 and has been a valuable member of the Board of Directors. "On behalf of the Board and management, we would like to thank Alan for his valuable contributions to the Company and throughout his tenure. We wish him the best with his future endeavours," expressed Douglas Smith, Chairman of Aether Global Innovations Corp.
About Aether Global Innovations Corp.:
Aether Global Innovations Corp. is an innovative UAV and drone management and operations services company that focuses on three areas for critical infrastructure and large public and private facilities: (i) drone management and surveillance monitoring; (ii) automation and integration for flight planning, new innovative sensor payloads and stand-alone power sources; and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging, and takeoff.
For more information, please consult the Company's filings, available at www.sedarplus.ca , and the Company's website, www.aethergic.com .
ON BEHALF OF THE BOARD OF DIRECTORS
Philip Lancaster, CEO & President
Aether Global Innovations Corp.
(250) 863-3038
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company and statements respecting the Transaction, the Company's plans with respect to Xentera and its drones, the Company's investment into Xentera and the capabilities of Xentera's drones. Such forward looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward – looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
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