EGY IP Acquisition

• Cogenic, a 100% owned subsidiary, acquires Maradin Ltd's Laser Optical Engineering IP portfolio
• Cogenic to lead development of full laser projection optical engineering technology
• Technology enables ultra-near eye and direct retina display for Defense, Aerospace, VR, AR, and Lifestyle

Energy Technologies Limited (ASX: EGY) is pleased to announce the acquisition of Maradin Limited's (Maradin) Laser Optical Engineering IP Portfolio through its wholly owned subsidiary Cogenic Pty Limited (Cogenic). Cogenic will coordinate the re-organisation and appointment of the development team of Maradin, headed by CEO Matan Naftali, to continue the progression of the IP Portfolio. The acquired technology allows for a full laser projection solution, through Laser Beam Scanning (LBS), using Micro-Electro-Mechanical Systems (MEMS) which enables large scanning angles at a very precise control. This results in the creation of any shape of any image projected onto a surface where the user would like to view the image. Due to the lasers being 'focus-free', the images can be projected from acute angles and on non-flat surfaces without losing image sharpness. The technology is and will continue to be used for projection of said images for smart glasses, Extended Reality (XR), Augmented Reality (AR), Virtual Reality (VR), Defence, Aerospace and incorporates both ultra-near eye display and direct retina display. Once complete, Cogenic will hold 14 global patents and a fully operational development and technical team to drive the business through to commerciality.