ABOUND Secures Global Rights to Advanced Hydrogen Platform and adopts semi-annual financial reporting

(TheNewswire)

Richmond, BC – TheNewswire - May 7, 2026 / ABOUNDEnergy Inc. (“ABOUND” or the “Company”) (CSE: ABND) (FSE: 0E9)is pleased to announce that it has entered into a Letter of Intent(LOI) securing global rights to an advanced hydrogen productionplatform. Definitive agreements are well underway and will establishthe full commercial, technical, and intellectual property frameworkfor deployment.

The platform introduces a differentiated approach tohydrogen generation through on-site, point-of-use production. Byeliminating the need for transportation, and centralized distribution,it materially reduces delivered cost while improving reliability andsupply certainty in high-demand markets.

The technology, validated independently by a thirdparty , does not rely on fossil fuel inputs and produces no CO?during hydrogen generation, offering a practical solution forindustrial applications, mobility, and distributed energy systemsseeking lower-emission hydrogen without exposure to traditional supplychain constraints.

Initial deployment will focus on modular,commercial-scale systems designed to deliver meaningful dailyproduction within a compact footprint. This enables rapid integrationacross industrial facilities, fueling infrastructure, anddecentralized energy environments, while supporting scalable expansionas demand grows.

While the rights under the LOI are global, ABOUND’sinitial commercialization strategy is focused on North America. Thisphased approach is intended to establish operational performance,validate commercial economics, and support disciplined expansion intoadditional international markets.

A central component of ABOUND’s broader strategy isthe integration of this hydrogen platform with its Zaeras™ energystorage technology. Together, these technologies form a complementarysystem capable of extending energy availability, improving loadbalancing, and supporting a wider range of end-use applications. Thiscombined approach is expected to significantly expand market reach byaddressing both hydrogen production and energy storage within aunified deployment model.

The hydrogen platform is also expected to generateearly-stage revenue that can be reinvested into the continueddevelopment and commercialization of Zaeras™, creating a structuredpathway to scale while reducing reliance on external capital.

“This platform fundamentally changes how hydrogen isproduced and delivered. By moving production directly to the point ofuse, we remove the cost and constraints of traditional supply chainswhile improving reliability where it matters most. We expect thisinitiative to begin generating revenue within six to twelve monthsfrom the closing of the financing, providing near-term commercialtraction while complementing the longer development cycle of ourZaeras™ platform. Together, these technologies significantly expandour market reach and position ABOUND to deliver a more complete energysolution.”, said Keith Morlock, COO, ABOUND Energy Inc.

ABOUND believes this initiative represents a meaningfulstep toward delivering a more efficient, scalable, and economicallyviable hydrogen solution, while advancing its broader energy platformstrategy.

Further updates will be provided as the partiesprogress toward execution of definitive agreements.

In addition, ABOUND announces that it has elected torely on Coordinated Blanket Order 51-933 and move to semi-annualfinancial reporting (“SAR”).

Coordinated Blanket Order 51-93 allows eligible ventureissuers listed on the Canadian Securities Exchange (the “CSE”) tovoluntarily move from a quarterly to a semi-annual financial reportingframework. ABOUND’s’ fiscal year ends on December 31, 2026. Underthe SAR pilot program, the Company will be exempt from filing interimfinancial reports and related Management’s Discussion & Analysis(MD&A) for its first and third quarters:

• Interim Period: ABOUND will not file an interim reportfor the first quarter (Q1) ending Match 31, 2026;  

• Interim Period: ABOUND will not file an interim reportfor the third quarter (Q3) ending September 30, 2026 and 

• Ongoing Reporting: ABOUND will continue to file auditedannual financial statements (due within 120 days of December 31, 2026)and six-month interim financial reports (due within 60 days of June30, 2026). 

ABOUND confirms it meets the pilot program'seligibility criteria, which include being a venture issuer with annualrevenues of less than $10 million and maintaining a clean 12-monthcontinuous disclosure record.

This news release is being filed pursuant toCoordinated Blanket Order 51 – 933 Exemptions to Permit Semi-AnnualReporting for Certain Venture Issuers.

About ABOUND Energy Inc.

ABOUND specializes in developing scalable,environmentally friendly, long-lasting energy technology. Our patentedZaeras™ long-duration energy storage technology, leveraging zinc-airchemistry, guarantees the storage and on-demand delivery ofelectricity without the limitations or environmental risks associatedwith current market leaders.

About ABOUND’s Zaeras™Technology

Zaeras™ is precision-engineered to meet future energyrequirements, with a specific emphasis on simplifying long-durationenergy storage. Harnessing the potential of its multi-patentedZaeras™ technology, ABOUND is poised to facilitate the seamlessintegration of green energy sources into the grid. This is achieved byminimizing curtailment, bridging the gap between supply and demand,and efficiently integrating green energy into the grid. ABOUND'sstrategic initiatives encompass opportunities for peak demandreduction, leveraging time-of-use arbitrage, participating in valuestacking programs, and entering the distributed long-duration energystorage sector. These endeavors are aligned with our central objectiveof increasing the integration and resiliency of green energy, whilestabilizing the grid.

Distinguished by its inherent safety—free from fireor explosion hazards—Zaeras™ guarantees sustained capacity over anextensive lifecycle. Simultaneously, it showcases versatility byindependently managing charge and discharge operations. Comparable toother Flow Battery technologies, scaling up the energy capacity of Zaeras™ is as simple as increasing the size ofthe fuel tank; a cost-effective solution, from kWh to MWh. This is awelcome alternative to the fixed power-to-energy ratio constraintsingrained in traditional systems, such as Li-ion and Zinc HybridBatteries.

To learn more about ABOUND’s technology, pleasevisit: https://Abound.Energy

Jason Birmingham, CEO

Email: Investors@Abound.Energy

Ph: +1 (672) 887-9688

Notice Regarding Forward LookingStatements

This news release may contain certain “forwardlooking statements”. Forward-looking statements involve known andunknown risks, uncertainties, assumptions and other factors that maycause the actual results, performance or achievements of the Companyto be materially different from any future results, performance orachievements expressed or implied by the forward-looking statements.Any forward-looking statement speaks only as of the date of this newsrelease and, except as may be required by applicable securities laws,the Company disclaims any intent or obligation to update anyforward-looking statement, whether as a result of new information,future events or results or otherwise.

Neither the CSE nor any Market Regulator (as that termis defined in the policies of the CSE) accepts responsibility for theadequacy or accuracy of this release.

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