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Gecko Robotics’ Contract More than Quadruples to $300 Million to Support U.S. Navy Readiness

Gecko Robotics’ Contract More than Quadruples to $300 Million to Support U.S. Navy Readiness

20/10/2026GlobeNewswire3 Mins Read
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Expansion after just six months demonstrates real ROI with savings up to $8m per ship

Health condition of ship

A heatmap showing the condition of a U.S. Navy vessel
A heatmap showing the condition of a U.S. Navy vessel

Komodo and Cantilever showing health condition of flight deck

Komodo robot and Cantilever software showing health condition of flight deck
Komodo robot and Cantilever software showing health condition of flight deck

PITTSBURGH, Oct. 20, 2026 (GLOBE NEWSWIRE) — The U.S. Navy and GSA have quadrupled the ceiling value on Gecko Robotics‘ contract for slashing maintenance delays and improving fleet readiness to $300 million, just six months after an initial $71m IDIQ contract award. This fourfold expansion will accommodate rapid robotic deployment across the Navy and is one of the strongest public endorsements yet of operational AI and robotics in defense, signaling the Pentagon’s confidence that it is a core military capability that is delivering results, not experimental technology.

Gecko’s AI and robotic technology can save the U.S. Navy up to $8 million in repair costs per ship and return vessels to sea quicker by identifying structural issues up to 50 times faster than traditional methods—reducing inspections from months to days.

Central to the expansion is Komodo, a proprietary Gecko robotic technology system. Komodo scans through thick, non-skid deck coatings without stripping or damaging them, giving the Navy the ability to see the health of assets without taking it apart. It produces a full-deck heatmap of corrosion and material thickness, enabling repair teams to pinpoint damage and plan work before a ship enters drydock, which was previously possible only after maintenance had begun.

“The conversation around AI and robotics in defense is no longer about experimental technology. It’s about delivering measurable and impactful returns,” said Jake Loosararian, co-founder and CEO of Gecko Robotics. “With savings of millions of dollars per ship, months of inspections turning into days and warships returning to sea faster, the U.S. Navy is demonstrating to the world how to deploy technology at scale. We’re proud to give our servicemembers the tools they need to stay ahead of emerging threats.”

The ceiling increase comes as the Department of the Navy places greater emphasis on fleet readiness as a national security priority as every additional day a warship spends in maintenance reduces its ability to deter adversaries, respond to crises, and project power around the world. The Chief of Naval Operations has set a target of 80% fleet readiness, which Gecko will have a crucial role in helping to meet.

Gecko’s wall-climbing robots, drones, and fixed-sensors collect an unprecedented amount of data on the health of U.S. Navy ships and submarines, including components, hulls, decks and welds, with AI being used to create accurate models to identify any current and future structural issues, even ones that cannot be seen by the human eye.

About Gecko Robotics
Gecko Robotics combines advanced robotics and AI-powered software to build, operate and modernize the world’s most critical infrastructure.

Using robots that climb, crawl, fly and swim, Gecko is able to collect an unprecedented amount of data on the built world, whether that’s with Fortune 100 companies in energy, oil and gas, and manufacturing sectors around the world, or the U.S. Air Force and U.S. Navy to protect and optimize nuclear submarines and aircraft carriers.

Through our AI-powered platform, Cantilever, Gecko transforms the massive datasets collected by robots into actionable insights that enable data-driven, evidence-based decisions on structures, delivering an ROI for customers.

Media Contact:
Steve Bourner
Steve.Bourner@geckorobotics.com 
+1 347-686-1313

Photos accompanying this announcement are available at 

https://www.globenewswire.com/NewsRoom/AttachmentNg/8b242ebe-c75a-416e-a448-81db5cd83d66

https://www.globenewswire.com/NewsRoom/AttachmentNg/16697ad8-7d7d-460a-aaa2-712aef1dc44c

Gecko Robotics TechTimes Vietnam Gecko Robotics’ Contract More than Quadruples to $300 Million to Support U.S. Navy Readiness

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Schindellegi, Switzerland – 28 October 2026

Trifork Group AG
Company announcement no. 65/2026

Shareholders approve all resolutions at the Extraordinary General Meeting

The shareholders of Trifork Group AG (“Trifork”) today approved all resolutions proposed by the Board of Directors at Trifork’s Extraordinary General Meeting (the “EGM”).

Dividend distribution
The shareholders approved an extraordinary dividend distribution (in the form of a distribution from capital contribution reserves) of DKK 3.00 per share, following the successful closing of the partial divestment of minority investment assets in LabsX. The ex-date is tomorrow, 29 October 2026, and the dividend is expected to be paid on 2 November 2026.

Capital band
The EGM voted on the increase of the capital band to authorize the Board of Directors to cancel up to 10% of the Company’s share capital (previously 5%), providing greater flexibility in the treatment of treasury shares acquired under buyback programs. This change of the Articles of Association was approved.


Investor & Media contact
Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 7317

About Trifork Group
Trifork (Nasdaq Copenhagen: TRIFOR) is a global technology company specializing in designing, building, and operating advanced software for enterprise and public sector customers. With 1,118 FTEs across 16 countries, Trifork serves as an end-to-end technology partner to organizations in complex and regulated industries, including public administration, healthcare, financial services, energy, and aviation. Learn more at trifork.com.

Attachment

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CALGARY, Alberta, Oct. 27, 2026 (GLOBE NEWSWIRE) — Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) announces the appointment of Audrey Mascarenhas, F.C.A.E., P.Eng., as President and Chief Executive Officer, effective immediately. Ms. Mascarenhas succeeds Mike Lindsay, who served as Interim President and Chief Executive Officer since April 2026.

Ms. Mascarenhas has been with Questor since 1999 and has spent more than 25 years developing and commercializing its clean combustion technology and continues to grow its role in effective emissions reduction for the oil and gas, energy, industrial, and municipal sectors. She served as President and Chief Executive Officer from 2005 to April 2026. Before Questor, she spent 17 years at Gulf Canada Resources (1982–1999) in upstream exploration and corporate transactions, giving her more than four decades of experience in the energy industry. She is a professional engineer with deep experience in commercializing clean technology, serving international energy markets, and TSXV governance and disclosure, including her board experience at TMX Group Limited.

“Questor’s technology has a strong track record in achieving unprecedented performance, and interest from our global and local clients remains high. My priority is to bring value-add solutions to our clients, with disciplined execution and a clear focus on clients who value what we do. I am grateful to the shareholders and employees who continue to support the Company, and I look forward to getting back to work,” said Ms. Mascarenhas.

The Company’s annual general meeting, originally scheduled for June 24, 2026, was rescheduled to June 15, 2026, and subsequently postponed despite indications from the proxy tally that shareholders wanted a change. The meeting was finally held on September 9, 2026, and shareholders again voted for a change in Board composition. The Company incurred significant costs associated with the proxy contest and related proceedings. The Company’s new Board is aligned with and invested in Questor’s success and, with the leadership transition complete, is focused on disciplined execution, commercial growth and long-term value for shareholders.

Questor now moves forward with renewed focus on its global and local opportunities. Discussions with Tier 1 clients have resumed following Ms. Mascarenhas’ return, and the Board and management believe the Company is well positioned to convert this renewed engagement into long-term growth for shareholders.

ABOUT QUESTOR TECHNOLOGY INC.

Questor Technology Inc., incorporated in Canada under the Business Corporations Act (Alberta), is an environmental emissions reduction technology company founded in 1994, with global operations. The Company is focused on clean air technologies that safely and cost effectively improve air quality, support energy efficiency and greenhouse gas emission reductions. The Company designs, manufactures and services high efficiency clean combustion systems that destroy harmful pollutants, including Methane, Hydrogen Sulfide gas, Volatile Organic Hydrocarbons, Hazardous Air Pollutants and BTEX (Benzene, Toluene, Ethylbenzene and Xylene) gases within waste gas streams greater than 99.99 percent efficiency per its ISO 14034 Certification.

The Company also has proprietary heat to power generation technology and is currently targeting new markets including landfill biogas, syngas, waste engine exhaust, geothermal and solar, cement plant waste heat in addition to a wide variety of oil and gas projects. The combination of Questor’s clean combustion and power generation technologies can help clients achieve net zero emission targets for minimal cost.

QUESTOR TRADES ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL ‘QST’

For further information, contact:

Audrey Mascarenhas
President and Chief Executive Officer
Phone: 403-571-1530
Email: amascarenhas@questortech.com

Investor Relations Contact:
Email: investor@questortech.com

Forward-Looking Statements

Certain information in this news release constitutes forward-looking statements. When used in this news release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. This news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document is not intended for dissemination or distribution in the United States.

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Weekly report on share buyback

On 27 February 2026, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 2 March 2026 up to and including no later than 31 December 2026. For details, please see company announcement no. 15 of 27 February 2026.

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Total beginning 578,577 99.95 57,831,397
19 October 2026 2,800 99.20 277,760
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Accumulated 592,812 99.94 59,248,243

A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/.

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VANCOUVER, British Columbia, Oct. 22, 2026 (GLOBE NEWSWIRE) — Encore Technologies Corp. (“Encore” or the “Company”) (CSE: ENCR) is pleased to highlight a major on-orbit technology milestone achieved by portfolio company, Solstar Space Co. (“Solstar”), following the successful demonstration of Solstar’s space communications technology during an ongoing NASA proximity operations mission.

Highlights:

  • NASA Mission Success: Solstar successfully demonstrated its technology in space during an operational NASA mission.
  • Technology Validated in Orbit: Solstar connected two spacecraft and helped deliver NASA mission data back to Earth on the Iridium Network.
  • Encore Expands Space Focus: Following its US$1.16 million investment in Solstar, Encore is strengthening its focus and leadership in the rapidly growing space sector.

The milestone comes shortly after Encore’s approximately US$1.16 million strategic investment in Solstar and represents an important validation of the investment thesis behind Encore’s growing exposure to the commercial space economy.

Encore is also announcing the appointment of Company co-founder and capital markets executive Matthew Sroka to its Board of Directors as part of a board reconstitution that will see founding shareholder and Director James Reid resign from the board of directors.

With its investment in Solstar and the recent addition of former Commander of the Royal Canadian Air Force Lieutenant-General (Ret’d) Michael Hood as Strategic Advisor, Encore is building deeper expertise and exposure within the rapidly developing commercial and defence space infrastructure markets.

Solstar Technology Successfully Deployed in Operational NASA Mission

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Solstar’s technology established a space-to-space Wi-Fi connection between the spacecraft, capturing mission imagery and sensor data and relaying mission-critical information back to NASA personnel at Johnson Space Center through the Iridium satellite network. During approximately 30 minutes of proximity operations, Deke collected more than 2,300 files, including imagery and optical, infrared and LiDAR sensor data.

The mission represents a significant milestone for Solstar, advancing its communications architecture from technology development to demonstrated on-orbit capability during an operational NASA mission. The demonstration validated key elements of an end-to-end communications architecture designed to support increasingly connected and autonomous space operations, with potential applications across satellites, orbital servicing, commercial space stations and future lunar operations.

For Encore, the successful mission provides important validation of its investment thesis in Solstar, demonstrating the technology in a live orbital environment alongside NASA, Momentus and Iridium, while reinforcing Encore’s growing focus on the commercial space economy.

Solstar’s Joint News Release with NASA

Stephen Kukucha, Chief Executive Officer of Encore, commented:

“When we invested in Solstar, we believed communications infrastructure would become increasingly critical as activity in orbit expands. What Solstar has now accomplished with NASA is an important validation of that thesis.

This wasn’t a laboratory demonstration. Solstar’s technology operated in space during a NASA mission, connected spacecraft in orbit and helped move mission data back to Earth through the Iridium network. That is an important distinction.

We believe the next generation of space infrastructure will require persistent and reliable connectivity between spacecraft, operators and Earth. Solstar is building technology aimed directly at that requirement, and we believe this successful mission materially strengthens its position as the commercial space economy develops.”

Board Reconstitution

Encore is also pleased to announce the appointment of Matthew Sroka, a co-founder of Encore and Managing Partner of Three Peaks Capital, to the Company’s Board of Directors.

Mr. Sroka has more than 16 years of experience across international capital markets, corporate finance and company formation. He has played a senior role in more than $200 million of public and private financings and has helped build, finance and structure companies and transactions across multiple international markets and stock exchanges. His experience spans capital formation, corporate structuring, M&A, institutional investor development and the advancement of emerging companies from early-stage formation through public-market growth.

Mr. Sroka’s appointment adds significant capital markets and corporate development experience to the Board as Encore evaluates opportunities to expand its exposure to emerging technology and infrastructure markets.

In connection with the Board reconstitution, James Reid will resign as a director of the Company.

Encore extends its sincere appreciation to Mr. Reid for his contributions as a founding director and for his important role in guiding the Company through its formation and successful listing on the Canadian Securities Exchange.

About Solstar Space Company

Solstar is a U.S.-based communications infrastructure company developing connectivity solutions for the growing space economy. The Company is focused on enabling persistent communications for spacecraft, commercial space operators, government agencies and future space-based infrastructure through a combination of communications hardware, software and communications services. Solstar’s DEKE Space Communicator is currently operating in orbit, supporting the Company’s mission of extending connectivity beyond traditional terrestrial networks.

About Encore Technologies Inc.

Encore Technologies Inc. is a technology-focused public company advancing intelligent infrastructure solutions and evaluating strategic opportunities in emerging technology sectors. The Company seeks to identify technologies and partnerships that have the potential to improve connectivity, operational efficiency and long-term infrastructure resilience.

For further information contact:
Stephen Kukucha
Chief Executive Officer
Tel: (604) 398-4786

Caution Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes statements regarding, the proposed Financing, the proposed Investment, the execution of definitive agreements, the use of proceeds, anticipated strategic benefits, potential future collaboration opportunities between Encore and Solstar, the completion of the transactions described herein, and other statements that are not historical facts. Forward-looking information is generally identified by words such as “expects,” “intends,” “anticipates,” “believes,” “plans,” “estimates,” “may,” “could,” “would,” “should,” and similar expressions. Forward-looking information reflects management’s current beliefs and assumptions and is subject to a number of known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied.

Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise forward-looking information except as required by applicable law.

The CSE has neither approved nor disapproved the contents of this news release. The CSE does not accept responsibility for the adequacy or accuracy of this news release.

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