Announcement PDF EXIT ROUTE · 12m · HANDS FREE COGENIC / INVESTOR PRESENTATION Eyes up. Hands free. Laser beam scanning display technology for people whose job doesn’t let them look down. ENERGY TECHNOLOGIES LIMITED | ASX: EGY | 22 OCTOBER 2026 To view this announcement on our website and to ask any questions specific to this announcement please click this link https://energytechnologies.com.au/link/P3xmby 01 / THE MOMENT Two signed commercial agreements BINDING HEADS OF AGREEMENT Up to US$10M Purchasing framework for Cogenic smart glasses. A US$250,000 proof-of-concept payment for 10 field-ready units counts towards the framework. SYNCH 21 OCTOBER 2026 AMALGAMATED VISION · MASTER LICENCE 5% royalty Licence of Cogenic’s laser beam scanning technology for AV’s retinal display, which AV supplies to its programs with: US AIR FORCE · AFWERX NASA 23 JULY 2026 COGENIC | ASX: EGY 02 02 / HOW THE AGREEMENT TURNS INTO REVENUE From agreement to revenue NOW Agreement signed Binding Heads of Agreement with SYNCH ~28 DAYS Spec agreed Target date, then the Master Agreement by ~60 days UP TO 6 MONTHS 10 POC units Due within 6 months, earlier if the spec lands sooner ON ACCEPTANCE Purchase orders US$200k balance, then orders up to US$10m ON EVERY DELIVERY Orders delivered Revenue builds with each order shipped THE SPEC SETS THE PACE Delivery starts once SYNCH signs off the spec. Six months is the limit, not the target. REVENUE AS WE DELIVER Revenue follows each delivered purchase order, not the end of the term. A PRICING WINDOW Locked-in pricing applies for the 12- month term, so SYNCH’s incentive is to order early. INDICATIVE TIMING | NO MINIMUM ORDER COMMITMENT | COGENIC | ASX: EGY 03 03 / PIPELINE One agreement opens many doors SIGNED SYNCH Smart glasses, up to US$10m Amalgamated Vision Licence, 5% royalty ADDITIONAL PROJECTS UNDER THE AGREEMENT Homeland security Law enforcement Medical first response Military and defence Plus other real-time field operations. To be explored after the first deployment, under the same framework, pricing and ordering process. IN DISCUSSION ADVANCED Supplier to a major global defence company EARLY Construction company DISCUSSIONS ARE NOT AGREEMENTS AND MAY NOT PROCEED | COGENIC | ASX: EGY 04 04 / MANUFACTURING Ready to build, ready to scale SHORT RUN 12 WEEKS to build the first 10 sets, from receipt of specifications MASS PRODUCTION 1,000 UNITS every 10 days at full production GLOBAL SUPPLY CHAIN Proprietary chips Israel Hardware China, Japan, Malaysia Operating system chips Taiwan Software USA TARGET TIMELINES AND CAPACITY, SUBJECT TO SPECIFICATIONS AND SUPPLY | COGENIC | ASX: EGY 05 ALPHA 2 · 12m ALPHA 1 · LEAD NE 042° ● REC MOVEMENT · 320m GPS-DENIED · NAV LOCKED SQUAD 4/4 · COMMS OK 05 / THE PROBLEM The overloaded operator Frontline teams carry a radio, body camera, tablet and data terminal. Each adds weight, a battery and a reason to look away. 4+ DEVICES 4 BATTERIES 0 HANDS FREE ILLUSTRATIVE IMAGERY AND DISPLAY CONCEPT 06 06 / WHY NOW Two shifts arrive at once [ 01 ] The display is finally ready Laser beam scanning makes all-day glasses possible: light, low power, and bright enough to read in direct sunlight. [ 02 ] AI needs a heads-up screen Real-time AI can now identify, route, translate and warn. That value is lost if the operator has to look down to get it. ~72.5M frontline personnel in Cogenic’s target segments ~US$42BN total addressable market ILLUSTRATIVE MANAGEMENT ESTIMATES, NOT A FORECAST | COGENIC | ASX: EGY 07 REAL VIEW THROUGH THE COGENIC PROTOTYPE 07 / THE SOLUTION One wearable. Four capabilities. 01 Two-way comms Voice and team comms, no handset 02 Body-worn video Records the true line of sight 03 Heads-up display Maps, tasks and alerts, eyes up 04 Live data and AI ID checks and AI cues in real time 08 08 / TWO SOLUTIONS, ONE ENGINE Two ways to put information in sight 01 · SUPPLIED TO SYNCH Cogenic smart glasses Everyday-looking glasses with a built-in laser projector, camera and electronics. The image appears in a clear lens. 02 · LICENSED TO AMALGAMATED VISION Retinal display Cogenic’s laser engine draws the image directly onto the eye. No glass between the user and the real world. BOTH POWERED BY COGENIC’S MEMS LASER BEAM SCANNING ENGINE 09 1 2 3 4 5 09 / THE TECHNOLOGY Under the hood 1 Laser projector MEMS laser engine in the frame corner 2 Waveguide lens Clear lens, the world stays in view 3 Camera Records the true line of sight 4 Electronics Video and mirror control on one chip 5 Battery In the temple tip, for balance PROTOTYPE SHOWN | COGENIC | ASX: EGY 10 10 / WHAT MAKES IT UNIQUE Why laser beam scanning wins DISPLAY BRIGHTNESS AT THE PANEL (NITS, LOG SCALE) Micro-OLED 2-5K Frontlit LCOS 300K Micro-LED 1M+ MEMS laser 2-3M Hundreds of times brighter than micro-OLED, so the image stays readable in full sunlight, from a small, low-power engine. 1920×720 resolution, vs 1280×720 for other laser players 50°×30° field of view, the widest in its class 70HZ refresh rate for a smooth, flicker- free image UP TO 70% laser power saving from proprietary control SOURCES: B. KRESS, PHOTONICS FOCUS (SEP/OCT 2023); COGENIC TECHNICAL DATA 11 11 / FUTURE APPLICATIONS One laser engine, many products LATER STAGE Helmet-mounted displays Day-bright information for dismounted troops and aircrew LATER STAGE Vehicle and cockpit HUDs Compact head-up displays for vehicles and aircraft LATER STAGE Laser sensing and LiDAR Scanning for mapping, navigation and obstacle detection LATER STAGE Unmanned systems Light, low-power vision for drones and robots POTENTIAL FUTURE APPLICATIONS. NOT CURRENT PRODUCTS. 12 12 / GO-TO-MARKET Land through partners who already own the customer [ 01 ] Partner Sign with integrators whose customers already carry too many devices [ 02 ] Prove A paid proof-of- concept built to the end customer’s spec [ 03 ] Scale A purchasing framework turns acceptance into repeat orders [ 04 ] Replicate Repeat in new markets, and license the engine to device makers PROOF POINT SYNCH: 10-unit paid POC, then a framework of up to US$10m LICENSING Amalgamated Vision: Cogenic engine inside, 5% royalty per unit COGENIC | ASX: EGY 13 13 / MARKET OPPORTUNITY 72 million people who need eyes up ~US$42BN TOTAL MARKET · GLOBAL, ALL SEGMENTS ~US$14BN REACHABLE · ALLIED MARKETS US$70-210M NEAR-TERM · 5 YEARS Built bottom-up ~72.5m personnel across defence, police, fire, ambulance, border and critical infrastructure. Allied first ANZ, Five Eyes, NATO and selected Indo-Pacific and Gulf markets. Conservative capture Near-term figure assumes just 0.5-1.5% of the reachable market. ILLUSTRATIVE MANAGEMENT ESTIMATES, NOT A FORECAST. ALL FIGURES USD. 14 14 / NEW APPLICATIONS Beyond defence: six markets Defence Eyes-up awareness, silent data Government services Border, customs, corrections Police Live tasking, body-worn video Fire and rescue Navigation in zero visibility Construction Plans and checks in view, hands free Critical infrastructure Remote expert and guided repair ILLUSTRATIVE IMAGERY 15 15 / BUSINESS MODEL Device sales, recurring software [ 01 ] ONE-OFF The device Cogenic smart glasses sold per unit under purchase orders, starting with SYNCH. [ 02 ] RECURRING Management software Subscription to run the fleet: devices, content, data and updates. Indicatively US$600 per device per year. [ 03 ] PER UNIT Royalties 5% on partner units that use Cogenic technology, starting with AV. FABLESS OPERATING MODEL Design and IP in-house Custom MEMS chip proprietary Mass production external partners Integration and QA Cogenic Deployment and support SOFTWARE PRICING IS AN INDICATIVE ASSUMPTION, NOT A FORECAST 16 COGENIC See more. Carry less. SIGNED SYNCH up to US$10m and an AV licence at a 5% royalty UNIQUE MEMS laser beam scanning: light, low power, sunlight-bright SCALABLE Fabless, with hardware, royalty and recurring revenue ENERGY TECHNOLOGIES LIMITED | ASX: EGY | ENERGYTECHNOLOGIES.COM.AU 17 Important notice Topic Notice General Issued by Energy Technologies Limited (ASX: EGY) for information only. Not a prospectus, offer of securities or financial product advice. Read with EGY’s ASX announcements. SYNCH framework The Heads of Agreement does not oblige SYNCH to order a minimum volume. Revenue depends on purchase orders placed. Market sizing Market figures are illustrative management estimates using public personnel data and assumed penetration and pricing. They are not forecasts or guidance. Forward-looking Statements on commercialisation, timing, markets and performance are forward-looking and subject to risks outside the Company’s control. Imagery Scene photography is AI-generated and illustrative. Product images show Cogenic prototypes. Currency All figures in US dollars unless otherwise stated.