Rocket One Agrees To Acquire Tracer Drone Technologies; Financial Terms Not Disclosed

Rocket One Inc. (NASDAQ:RKTO) ("Rocket One" or the "Company"), a technology company focused on artificial intelligence, advanced computing, space and defense applications, today announced that it has entered into a definitive Membership Interest Purchase Agreement to acquire all of the issued and outstanding membership interests of Tracer Drone Technologies, LLC ("Tracer"), a New Jersey-based provider of drone hardware, software, training, maintenance and managed services.

Under the agreement, Rocket One will acquire 100% of Tracer. The transaction is subject to the satisfaction or waiver of customary closing conditions. Upon closing, Tracer is expected to operate as a wholly owned subsidiary of Rocket One.