• Project focused on low-temperature graphene deposition for next-gen semiconductors
• Total approved grant of A$520,000 representing 50% of project costs
• Final grant payment of A$100,000 received following successful IIA audit and program completion

Adisyn Ltd (ASX: AI1) announces the successful completion of 2D Generation's, the Company's wholly owned subsidiary, R&D program funded by the Israel Innovation Authority (IIA). The total grant received by 2D Generation to date is A$520,000--representing 50% of the total R&D expenditure (A$1.04 million) undertaken by 2D Generation from May 2024 to February 2025. While A$420k of the grant was received by 2D Generation prior to it being acquired by the Company (ASX: 9 Jan 2025), the IIA's decision to approve the full grant amount followed a comprehensive technical and financial audit by the IIA, validating the Company's execution and results, and has resulted in the Company receiving the final A$100,000 grant payment. The IIA is internationally regarded for its robust due diligence processes and plays a central role in advancing Israel's leadership in semiconductor and deep-tech innovation. Its support reflects strong confidence in the scientific and commercial potential of Adisyn's proprietary low-temperature graphene interconnect deposition technology. The grant was made under the Startup Fund program, which supports companies pursuing groundbreaking R&D with global impact potential.

The final approval from the IIA represents more than funding--it is a strong endorsement from one of the world's most credible innovation agencies. With the delivery of the new ALD system announced last week, and the use of the ALD system in TAU, we are able to carry on the work partially funded under the IIA grant and proceed to demonstrating technical relevance to the industry. Our ALD systems, upgraded infrastructure, and a growing IP portfolio, uniquely positions Adisyn to close the gap between scientific advancement and commercial application in the semiconductor space.