First Forge Technology Inc. emerges as a 50/50 joint venture between IF and FB for UAVs.

• IF contributes licensed intellectual property, technology, and know‑how, receiving equity through these assets for ownership.
• FB supplies cash investment, gaining equal ownership and leveraging its infrastructure and market access capabilities.
• The JV will license, design, manufacture, assemble, market, and sell IdeaForge’s UAVs worldwide across markets.