Acquisition of Aeronautical Assets from AFD For $25.6 Million – Name Change – Consolidation – Announcement of a Concurrent Private Placement of Up to $4.75 Million

MONTREAL, July 17, 2026 (GLOBE NEWSWIRE) -- Prosys Tech Corporation (“Prosys” or the “Corporation”) is pleased to announce the signing of a letter of intent with Aeronautics Fund SCA SICAV-RAIF (“AFD”) and certain of its registered fund holders for the acquisition of nine aircraft engines and lease agreements relating to such engines (the “Target Assets”). Prosys will then change its name to Corporation AFD Aero / AFD Aero Corporation. The transaction will constitute a reverse takeover resulting in a change in Prosys’ business and the listing of the Class “A” shares of its share capital (the “Common Shares”) on the TSX Venture Exchange (the “Exchange”).