• 20+ years' experience across defence, secure communications, enterprise AI, and commercialisation
• Led billion-dollar technology projects, cybersecurity, and AI / Machine Learning transformation at global enterprises
• Built and commercialised technology products end-to-end, from concept to market

Pathkey.AI Ltd (ASX: PKY) ('Pathkey' or 'the Company'), an AI-powered platform technology company, is pleased to announce the appointment of Mr Andrew Farnsworth as Chief Executive Officer ('CEO') for the group, effective immediately. Mr Farnsworth is an experienced senior technology and product leader with a focus on AI platform and product strategies. He has been engaged to provide consulting services over the last 6 months as part of the strategic review undertaken to assist with the refinement of PKY's position as an applied AI company with capabilities extending beyond healthcare while maintaining TrialKey as its lead commercial platform. Mr Farnsworth has been instrumental in advising on the TrialKey product roadmap and go to market strategy, development of marketing, branding and communications strategies, supporting business development activities, advising on organisational design, governance and performance management frameworks and other associated advisory services. Mr Farnsworth played a key role in supporting the Board's decision to pursue a strategic and complimentary acquisition. This resulted in the recently announced acquisition of Chipforge, a company developing an AI-powered chip design platform for semiconductor engineering. The platform aims to materially reduce the time and cost associated with designing custom chips, one of the most complex and capital-intensive processes in modern technology. Mr Farnsworth is a seasoned defence-grounded technology, product, and commercialisation leader with more than 20 years' experience spanning secure communications, cyber and infrastructure platforms, enterprise transformation, AI-enabled systems, and product execution.

The Company has set the following financial targets for the 2027 financial year: Group revenue (excluding rebates) of at least $200,000 but less than $500,000, or $500,000 or more.

Pathkey is harnessing the power of AI and large language models to build solutions for industries where reliability and precision truly matter. AI represents one of the most significant technological revolutions in human history, and the Company is energised by the opportunity to accelerate its AI strategy, including strengthening its technology and IP base, and unlocking the natural synergies between the TrialKey and Chipforge platforms with a clear focus on near-term commercialisation.