{"success":true,"data":{"pressRelease":{"id":"128013","rtpr_id":"nGNE7s1syy","ticker":"FRTT","exchange":"NASDAQ","all_tickers":["FRTT","FORT"],"title":"Fort Technology Closes Acquisition of Logia USA - Fuel Integrity Solutions for Data Centers Company","author":"Globe Newswire","published_at":"2026-08-26T11:22:00.207Z","article_body":"Toronto, Ontario, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Fort Technology Inc.\n(Nasdaq: FRTT, TSXV: FORT) (“Fort” or the “Company”), today announced\nthat on August 26, 2026, it has completed its previously announced acquisition\nof 50.1% of Logia USA Inc. (“Logia USA”), a company focused on selling\nadvanced fuel integrity solutions for data centers and other mission-critical\nfacilities in the United States. Further to the equity rebalancing mechanism\nas described in the Company’s press release issued on August 11, 2026\n(https://www.globenewswire.com/Tracker?data=mY5nOcuH-CneCkbXWRthLjcV35rIKy4aZ3NyPkgDhsEKnFi5nSi3KN327LEHiziQ-Ef-NrXIYatCdEDGjZRYJxhNMKQPidfsPAzNtcE9PyP-B6_zjFu5Ij95rvfWy3eVmsQInwOGiZgkc_9MelrEXeJSNUhGWMJUzXC78d4wYy86V8PbtzJWnUxmssy9NCkLqtGkeU92yiMUNIWqr_V3ew==),\nthe Company’s shareholding in Logia USA may be decreased to 5% upon the\nachievement of certain sale milestones by Logia USA. On closing, the Company\nissued an aggregate of 132,603 common shares (US$125,000) in the capital of\nCompany to Mr. Yair Harel, the founder of Logia USA. The transaction is\narm’s length and no finder’s fee is payable.\n\nMr. Harel will continue to lead Logia USA as Chief Executive Officer under a\nconsulting agreement. Pursuant to the Consulting Agreement, the Company will\npay Mr. Harel a consulting fee of US$140,000 per year, issue to Mr. Harel up\nto 2,652,058 Common Shares (up to US$2.5 million) upon the achievement of\ncertain milestones as described in the Company’s press release issued on\nAugust 11, 2026\n(https://www.globenewswire.com/Tracker?data=mY5nOcuH-CneCkbXWRthLjcV35rIKy4aZ3NyPkgDhsEKnFi5nSi3KN327LEHiziQ2T2P8hGF_HK1BYL7uqjORnckjwRxdA7ujLDOqY0iG7HNkcmNMhvcFlDYV9Ed-R0j6z9Xv7DFk87CpB-XKa4iSFUCCLBaUV-YVs4WKZlRCCRb-Lo3myHzICK7-O264QYL-ZzSuZCOGAQaAWdHEi5Mtg==),\nand, for each fiscal year in which the operating profit of Logia USA exceeds\nUS$5.0 million, pay to Mr. Harel a bonus equal to 10% of the net profit (after\nallocation of the profitability bonus) on payment terms determined by the\nBoard.\n\nThe transactions includes the extension by the Company to Logia USA of an\nunsecured US$2.0 million credit facility to support Logia USA’s U.S. market\nentry, product development, operations, and growth. The credit facility will\nbe advanced in eight tranches over the course of two years tied to agreed\noperational and sales milestones, bears interest at 6% per annum and matures\non August 26, 2029, subject to earlier repayment upon the occurrence of the\nfirst rebalancing threshold under the share transfer agreement (as described\nin the Company’s press release issued on August 11, 2026\n(https://www.globenewswire.com/Tracker?data=mY5nOcuH-CneCkbXWRthLjcV35rIKy4aZ3NyPkgDhsEKnFi5nSi3KN327LEHiziQTCnztUlHnNCtETVaF9KH0k7HTcnylVzQ-bEzia6nTx9xZE7bq9BS6NXgOpiVuxXE8BWRirO0NN6vRgHf6SBAdet8fneCiQSUcp1EOylTcLP7OOFLrndE9BMqAY1_0VPkwSB8aDvb6rQiyDXIayWA_A==)). \n\nThe global data center market is projected to grow substantially in the coming\nyears, creating increased demand for solutions that help ensure backup power\nsystems perform when needed. Through Logia USA, Fort aims to support the\ncommercialization and expansion of these fuel integrity solutions across the\nUnited States, with a primary focus on the data center sector. With the global\ndata center market projected to grow from approximately US$300 billion in 2026\nto about US$700 billion by 2034 (According Fortune Business Insights\n(https://www.globenewswire.com/Tracker?data=JrOLwrYKxhwHxUqkspqGuKNlJfg3o30d524U4tzjgVRQWf03jvZHnaTTwsL0Bos74FSby-EKMVdHLVzpYC55DVnW4d6BCY8XDYtk69L2AaddbzPUAQHHdGqemVvGhLkeKFOqgbh6pCwe4s_972VE6s82LRVS8wf8ZzQPZrViFdI=)),\nmaintaining fuel integrity is becoming an increasingly important operational\npriority.\n\nLogia Israel’s automated systems provide continuous monitoring and\nfiltration to maintain fuel quality to ASTM D975 standards, supporting\nreliable generator performance when power fails. The parties intend to expand\nthese capabilities into the United States via Logia USA with a primary focus\non the data center.\n\nAbout the Company\n\nFort is engaged in the retail sale of consumer products, primarily serving the\npest control and remedial repair industries. Fort develops, markets and sells\na range of products for both amateur and professional customers under its\nproprietary brands, including Roshield, Entopest, Rempro and BirdGo. Products\nare sold primarily through Amazon marketplaces in the United Kingdom and\nEurope as well as through other online sales channels. Fort currently serves\ncustomers throughout the United Kingdom and continental Europe and plans to\nexpand its retail operations into the United States, subject to applicable\nregulatory approvals, including through the acquisition of Logia USA Inc., a\ncompany focused on selling advanced fuel integrity solutions for data centers\nand other mission-critical facilities in the United States.\n\nFor further information, please contact:\n\nGabi Kabazo\nChief Executive Officer\nFort Technology Inc.\nTelephone: (604) 833-6820\nEmail: Office@Fort-Tech.io \n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Note Regarding Forward-Looking Information\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995 and applicable Canadian\nsecurities laws. Fort intends such forward-looking statements to be covered by\nthe safe harbor provisions for forward-looking statements contained in Section\n21E of the Securities Exchange Act of 1934, as amended. These forward-looking\nstatements can be about future events, including Logia USA’s achievement of\noperational and sales milestones, how Fort aims to support the\ncommercialization and expansion of Logia USA’s fuel integrity solutions\nacross the United States, with a primary focus on the data center sector, the\nexpected growth of the global data center market, how Fort and Logia USA\nintend to expand fuel integrity solutions into the United States via Logia USA\nwith a primary focus on the data center, and statements regarding Fort’s\nintentions, objectives, plans, expectations, assumptions and beliefs about\nfuture events, including Fort’s expectations with respect to the financial\nand operating performance of its business, its capital position, and future\ngrowth. The words \"anticipate\", \"believe\", \"expect\", \"project\", \"predict\",\n\"will\", \"forecast\", \"estimate\", \"likely\", \"intend\", \"outlook\", \"should\",\n\"could\", \"may\", \"target\", \"plan\" and other similar expressions can generally\nbe used to identify forward-looking statements. Any forward-looking statements\nin this press release are based on management's current expectations of future\nevents and are subject to a number of risks and uncertainties that could cause\nactual results to differ materially and adversely from those set forth in or\nimplied by such forward-looking statements. For a more detailed description of\nthe risks and uncertainties affecting the Company, reference is made to the\nCompany’s reports filed from time to time with the Securities and Exchange\nCommission (“SEC”), including, but not limited to, the risks detailed in\nthe Company’s registration statement of Form 20-F (File No. 001-43178), as\namended, as filed with the SEC on May 1, 2026 or the Company’s publicly\nfiled documents which are available on SEDAR+ at www.sedarplus.ca. All\nforward-looking statements contained in this press release speak only as of\nthe date on which they were made. Fort undertakes no obligation to update such\nstatements to reflect changes in assumptions or changes in events that occur\nor circumstances that exist after the date on which they were made other than\nas required by applicable laws, rules and regulations.","article_body_html":"","raw_payload":{"data":{"id":"nGNE7s1syy","title":"Fort Technology Closes Acquisition of Logia USA - Fuel Integrity Solutions for Data Centers Company","author":"Globe Newswire","ticker":"FRTT","created":"2026-08-26T11:22:00.207Z","tickers":["FRTT","FORT"],"exchange":"NASDAQ","article_body":"Toronto, Ontario, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Fort Technology Inc.\n(Nasdaq: FRTT, TSXV: FORT) (“Fort” or the “Company”), today announced\nthat on August 26, 2026, it has completed its previously announced acquisition\nof 50.1% of Logia USA Inc. (“Logia USA”), a company focused on selling\nadvanced fuel integrity solutions for data centers and other mission-critical\nfacilities in the United States. Further to the equity rebalancing mechanism\nas described in the Company’s press release issued on August 11, 2026\n(https://www.globenewswire.com/Tracker?data=mY5nOcuH-CneCkbXWRthLjcV35rIKy4aZ3NyPkgDhsEKnFi5nSi3KN327LEHiziQ-Ef-NrXIYatCdEDGjZRYJxhNMKQPidfsPAzNtcE9PyP-B6_zjFu5Ij95rvfWy3eVmsQInwOGiZgkc_9MelrEXeJSNUhGWMJUzXC78d4wYy86V8PbtzJWnUxmssy9NCkLqtGkeU92yiMUNIWqr_V3ew==),\nthe Company’s shareholding in Logia USA may be decreased to 5% upon the\nachievement of certain sale milestones by Logia USA. On closing, the Company\nissued an aggregate of 132,603 common shares (US$125,000) in the capital of\nCompany to Mr. Yair Harel, the founder of Logia USA. The transaction is\narm’s length and no finder’s fee is payable.\n\nMr. Harel will continue to lead Logia USA as Chief Executive Officer under a\nconsulting agreement. Pursuant to the Consulting Agreement, the Company will\npay Mr. Harel a consulting fee of US$140,000 per year, issue to Mr. Harel up\nto 2,652,058 Common Shares (up to US$2.5 million) upon the achievement of\ncertain milestones as described in the Company’s press release issued on\nAugust 11, 2026\n(https://www.globenewswire.com/Tracker?data=mY5nOcuH-CneCkbXWRthLjcV35rIKy4aZ3NyPkgDhsEKnFi5nSi3KN327LEHiziQ2T2P8hGF_HK1BYL7uqjORnckjwRxdA7ujLDOqY0iG7HNkcmNMhvcFlDYV9Ed-R0j6z9Xv7DFk87CpB-XKa4iSFUCCLBaUV-YVs4WKZlRCCRb-Lo3myHzICK7-O264QYL-ZzSuZCOGAQaAWdHEi5Mtg==),\nand, for each fiscal year in which the operating profit of Logia USA exceeds\nUS$5.0 million, pay to Mr. Harel a bonus equal to 10% of the net profit (after\nallocation of the profitability bonus) on payment terms determined by the\nBoard.\n\nThe transactions includes the extension by the Company to Logia USA of an\nunsecured US$2.0 million credit facility to support Logia USA’s U.S. market\nentry, product development, operations, and growth. The credit facility will\nbe advanced in eight tranches over the course of two years tied to agreed\noperational and sales milestones, bears interest at 6% per annum and matures\non August 26, 2029, subject to earlier repayment upon the occurrence of the\nfirst rebalancing threshold under the share transfer agreement (as described\nin the Company’s press release issued on August 11, 2026\n(https://www.globenewswire.com/Tracker?data=mY5nOcuH-CneCkbXWRthLjcV35rIKy4aZ3NyPkgDhsEKnFi5nSi3KN327LEHiziQTCnztUlHnNCtETVaF9KH0k7HTcnylVzQ-bEzia6nTx9xZE7bq9BS6NXgOpiVuxXE8BWRirO0NN6vRgHf6SBAdet8fneCiQSUcp1EOylTcLP7OOFLrndE9BMqAY1_0VPkwSB8aDvb6rQiyDXIayWA_A==)). \n\nThe global data center market is projected to grow substantially in the coming\nyears, creating increased demand for solutions that help ensure backup power\nsystems perform when needed. Through Logia USA, Fort aims to support the\ncommercialization and expansion of these fuel integrity solutions across the\nUnited States, with a primary focus on the data center sector. With the global\ndata center market projected to grow from approximately US$300 billion in 2026\nto about US$700 billion by 2034 (According Fortune Business Insights\n(https://www.globenewswire.com/Tracker?data=JrOLwrYKxhwHxUqkspqGuKNlJfg3o30d524U4tzjgVRQWf03jvZHnaTTwsL0Bos74FSby-EKMVdHLVzpYC55DVnW4d6BCY8XDYtk69L2AaddbzPUAQHHdGqemVvGhLkeKFOqgbh6pCwe4s_972VE6s82LRVS8wf8ZzQPZrViFdI=)),\nmaintaining fuel integrity is becoming an increasingly important operational\npriority.\n\nLogia Israel’s automated systems provide continuous monitoring and\nfiltration to maintain fuel quality to ASTM D975 standards, supporting\nreliable generator performance when power fails. The parties intend to expand\nthese capabilities into the United States via Logia USA with a primary focus\non the data center.\n\nAbout the Company\n\nFort is engaged in the retail sale of consumer products, primarily serving the\npest control and remedial repair industries. Fort develops, markets and sells\na range of products for both amateur and professional customers under its\nproprietary brands, including Roshield, Entopest, Rempro and BirdGo. Products\nare sold primarily through Amazon marketplaces in the United Kingdom and\nEurope as well as through other online sales channels. Fort currently serves\ncustomers throughout the United Kingdom and continental Europe and plans to\nexpand its retail operations into the United States, subject to applicable\nregulatory approvals, including through the acquisition of Logia USA Inc., a\ncompany focused on selling advanced fuel integrity solutions for data centers\nand other mission-critical facilities in the United States.\n\nFor further information, please contact:\n\nGabi Kabazo\nChief Executive Officer\nFort Technology Inc.\nTelephone: (604) 833-6820\nEmail: Office@Fort-Tech.io \n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Note Regarding Forward-Looking Information\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995 and applicable Canadian\nsecurities laws. Fort intends such forward-looking statements to be covered by\nthe safe harbor provisions for forward-looking statements contained in Section\n21E of the Securities Exchange Act of 1934, as amended. These forward-looking\nstatements can be about future events, including Logia USA’s achievement of\noperational and sales milestones, how Fort aims to support the\ncommercialization and expansion of Logia USA’s fuel integrity solutions\nacross the United States, with a primary focus on the data center sector, the\nexpected growth of the global data center market, how Fort and Logia USA\nintend to expand fuel integrity solutions into the United States via Logia USA\nwith a primary focus on the data center, and statements regarding Fort’s\nintentions, objectives, plans, expectations, assumptions and beliefs about\nfuture events, including Fort’s expectations with respect to the financial\nand operating performance of its business, its capital position, and future\ngrowth. The words \"anticipate\", \"believe\", \"expect\", \"project\", \"predict\",\n\"will\", \"forecast\", \"estimate\", \"likely\", \"intend\", \"outlook\", \"should\",\n\"could\", \"may\", \"target\", \"plan\" and other similar expressions can generally\nbe used to identify forward-looking statements. Any forward-looking statements\nin this press release are based on management's current expectations of future\nevents and are subject to a number of risks and uncertainties that could cause\nactual results to differ materially and adversely from those set forth in or\nimplied by such forward-looking statements. For a more detailed description of\nthe risks and uncertainties affecting the Company, reference is made to the\nCompany’s reports filed from time to time with the Securities and Exchange\nCommission (“SEC”), including, but not limited to, the risks detailed in\nthe Company’s registration statement of Form 20-F (File No. 001-43178), as\namended, as filed with the SEC on May 1, 2026 or the Company’s publicly\nfiled documents which are available on SEDAR+ at www.sedarplus.ca. All\nforward-looking statements contained in this press release speak only as of\nthe date on which they were made. Fort undertakes no obligation to update such\nstatements to reflect changes in assumptions or changes in events that occur\nor circumstances that exist after the date on which they were made other than\nas required by applicable laws, rules and regulations."},"type":"article","timestamp":"2026-08-26T11:22:00.292278514Z","server_sent_at_ms":1787743320292},"received_at":"2026-08-26T11:22:00.342Z","source_url":"https://www.globenewswire.com/news-release/2026/08/26/3351229/0/en/fort-technology-closes-acquisition-of-logia-usa-fuel-integrity-solutions-for-data-centers-company.html"},"analysis":{"id":"116926","press_release_id":"128013","analysis_json":{"industry":{"label":"Internet & Direct Marketing Retail","sector":"Consumer Discretionary"},"redFlags":["Equity rebalancing mechanism may reduce Fort's stake to 5% upon milestone achievement","Significant operational pivot from consumer retail to data center infrastructure","Potential dilution of up to 2.65 million shares for milestone payments"],"eventType":"m_and_a","narrative":"Fort Technology closed the acquisition of a 50.1% stake in Logia USA, a provider of fuel integrity solutions for data centers, issuing 132,603 shares valued at $125,000 to the founder.\n\nTo support Logia USA's U.S. market entry, Fort extended an unsecured $2.0 million credit facility and entered into a consulting agreement with founder Yair Harel, who remains CEO under a $140,000 annual fee plus milestone-based equity.\n\nThe deal includes a unique equity rebalancing mechanism that could reduce Fort's ownership to 5% upon the achievement of sales milestones, targeting a sector projected to grow from $300 billion to $700 billion by 2034.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Fort pivots into data center fuel integrity with $2M facility and complex earn-out structure."},"keyFigures":{"dealValueUsd":125000,"sharesOffered":132603,"customDimensions":{"consulting_fee_usd":140000,"credit_facility_usd":2000000,"market_size_2026_usd":300000000000,"market_size_2034_usd":700000000000,"stake_acquired_percent":50.1,"potential_earnout_shares":2652058,"profit_bonus_threshold_usd":5000000,"potential_earnout_value_usd":2500000,"potential_stake_reduction_percent":5}},"quotedText":"Through Logia USA, Fort aims to support the commercialization and expansion of these fuel integrity solutions across the United States, with a primary focus on the data center sector.","namedEntities":{"people":[{"name":"Yair Harel","role":"Founder and CEO of Logia USA"},{"name":"Gabi Kabazo","role":"CEO of Fort Technology Inc."}],"products":["Roshield","Entopest","Rempro","BirdGo"],"companies":[{"name":"Logia USA Inc.","relationship":"acquired subsidiary"},{"name":"Logia Israel","relationship":"partner"},{"name":"Fortune Business Insights","relationship":"market data source"}],"dollarAmounts":[{"amount":"US$125,000","context":"initial consideration for Logia USA stake"},{"amount":"US$140,000","context":"annual consulting fee to Yair Harel"},{"amount":"up to US$2.5 million","context":"milestone shares to be issued to Yair Harel"},{"amount":"US$5.0 million","context":"operating profit threshold for bonus"},{"amount":"unsecured US$2.0 million","context":"credit facility extended to Logia USA"},{"amount":"US$300 billion","context":"global data center market size in 2026"},{"amount":"US$700 billion","context":"projected global data center market size by 2034"}]},"materialImpact":{"score":3,"reasoning":"Strategic expansion into a high-growth sector (data center fuel integrity) via acquisition of a controlling stake. The transaction involves material financial commitments including a $2M credit facility and potential issuance of up to ~$2.6M in shares, though the unusual earn-out structure poses execution risk."},"tickerRelevance":{"others":[],"primary":"FRTT"},"globalImportance":20,"audienceRelevance":15,"eventTypeSecondary":["debt_offering"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"strategic-acquisition","sectorWeight":"neutral"}},"event_type":"m_and_a","event_type_secondary":["debt_offering"],"sentiment":"bullish","material_impact_score":3,"narrative":"Fort Technology closed the acquisition of a 50.1% stake in Logia USA, a provider of fuel integrity solutions for data centers, issuing 132,603 shares valued at $125,000 to the founder.\n\nTo support Logia USA's U.S. market entry, Fort extended an unsecured $2.0 million credit facility and entered into a consulting agreement with founder Yair Harel, who remains CEO under a $140,000 annual fee plus milestone-based equity.\n\nThe deal includes a unique equity rebalancing mechanism that could reduce Fort's ownership to 5% upon the achievement of sales milestones, targeting a sector projected to grow from $300 billion to $700 billion by 2034.","key_figures":{"dealValueUsd":125000,"sharesOffered":132603,"customDimensions":{"consulting_fee_usd":140000,"credit_facility_usd":2000000,"market_size_2026_usd":300000000000,"market_size_2034_usd":700000000000,"stake_acquired_percent":50.1,"potential_earnout_shares":2652058,"profit_bonus_threshold_usd":5000000,"potential_earnout_value_usd":2500000,"potential_stake_reduction_percent":5}},"named_entities":{"people":[{"name":"Yair Harel","role":"Founder and CEO of Logia USA"},{"name":"Gabi Kabazo","role":"CEO of Fort Technology Inc."}],"products":["Roshield","Entopest","Rempro","BirdGo"],"companies":[{"name":"Logia USA Inc.","relationship":"acquired subsidiary"},{"name":"Logia Israel","relationship":"partner"},{"name":"Fortune Business Insights","relationship":"market data source"}],"dollarAmounts":[{"amount":"US$125,000","context":"initial consideration for Logia USA stake"},{"amount":"US$140,000","context":"annual consulting fee to Yair Harel"},{"amount":"up to US$2.5 million","context":"milestone shares to be issued to Yair Harel"},{"amount":"US$5.0 million","context":"operating profit threshold for bonus"},{"amount":"unsecured US$2.0 million","context":"credit facility extended to Logia USA"},{"amount":"US$300 billion","context":"global data center market size in 2026"},{"amount":"US$700 billion","context":"projected global data center market size by 2034"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-26T11:39:15.327Z","global_importance":20,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"strategic-acquisition","sectorWeight":"neutral"}},"durationMs":106983,"modelName":"glm-4.7"}}