EdgeTI Announces Completion of Acquisition of Austal Australia’s Technology Division

Edge Total Intelligence Inc. (“edgeTI”) has officially completed its previously announced acquisition of the technology assets of Austal Limited, a major global shipbuilding and defense contractor. Under the terms of the framework collaboration agreement between the companies, edgeTI now owns 100 % of several key software products from Austal Australia, including aviation planning software, a branched LUSI solution, a marine‑focused enterprise asset management suite, and additional workflow and automation applications, along with the corresponding intellectual property rights. To satisfy the transaction terms, edgeTI issued 6,075,459 subordinate voting shares to Austal, representing 9.9 % of its outstanding shares on a non‑diluted basis at a deemed price of C$1.00 per share. These shares are subject to a lock‑up agreement with certain carve‑outs. The framework collaboration agreement also grants Austal rights including a first refusal to partner on select marine and fast‑ferry opportunities across a list of global jurisdictions if such opportunities arise. Additionally, Austal obtains a board nomination right while its shareholding remains above 5 %, as well as a reversion clause under defined conditions. edgeTI expects key Austal personnel to transition to its organization to support continuity of service and further development of the acquired assets. #EdgeTI #AustalAcquisition #MaritimeTechnology #DigitalTransformation #SlimScan #GrowthStocks #CANSLIM