| 1.1 |  A Milestone for Phasic

Phasic Energy has been accepted into NATO's Defense Innovation Accelerator for the North Atlantic (DIANA) 2025 program. Out of 2,600 global applicants, only 3% were selected. This recognition affirms the potential of Phasic's technology to address critical thermal management challenges for both civilian and defense applications.

| 1.2 |  What Is NATO's DIANA Program?

DIANA is NATO's flagship initiative to accelerate innovation in dual-use technologies -- solutions that benefit both civilian and defense sectors. By connecting innovators with test centers, accelerator sites, and mentorship, DIANA empowers participants to solve real-world operational challenges with advanced technology. For Phasic, DIANA is a launchpad to scale our thermal management solutions and collaborate with a global network of innovators.

| 2.1 |  Why Thermal Management Matters for Defense

Military operations generate significant waste heat -- from naval propulsion systems to radar arrays to mobile command centers. Managing that heat in space-constrained, high-reliability environments is a critical operational requirement. Phasic's compact, high-performance heat exchangers are designed for exactly these conditions: extreme temperatures, tight form factors, and zero tolerance for failure.

| 2.2 |  Real-World Applications

Phasic's technology addresses thermal demands across military bases, naval vessels, and field-deployed systems. Our heat exchangers enhance energy efficiency, reduce cooling infrastructure footprint, and improve operational readiness. Applications span from facility cooling to thermal management for directed-energy systems and advanced electronics.

| 3.1 |  A Vision for Dual-Use Impact

With DIANA's support, Phasic is advancing heat exchanger solutions that serve both defense and commercial markets. The same technology that cools high-density data center racks can be adapted for defense platforms where performance, compactness, and reliability are mission-critical. Phasic's acceptance into DIANA underscores our commitment to building thermal solutions for the world's most demanding environments.