Exhibit 99.1 NEWS RELEASE Adjusted EBITDA for the third quarter of fiscal 2026 was approximately 1.3millioncomparedto3.1 million for the second quarter of fiscal 2026 and 2.0millionforthethirdquarteroffiscal2025.ThebacklogofMarineTechnologyProductsrelatedtoourSeamapsegmentwasapproximately7.2 million as of October 31, 2025 compared to 12.8millionatJuly31,2025and26.2 million at October 31, 2024. However, subsequent to October 31, 2025 the Company received additional orde ...