Aether Global Innovations Signs Binding Letter of Intent with Private British Columbia Tech Company, Arion Defense

Core Viewpoint - Aether Global Innovations Corp. has signed a letter of intent to acquire Arion Defense Inc. for 20,156,994 common shares at a deemed issue price of $0.36, which positions Aether to enhance its presence in the security and defense sectors [1][7][8] Company Overview - Aether Global Innovations Corp. specializes in drone management and automation, focusing on critical infrastructure and large public and private facilities [11] - Arion Defense Inc. is engaged in modernizing physical security through counter-drone technology and a footwear scanning platform [2] Acquisition Details - The acquisition involves Aether issuing 20,156,994 common shares to Arion at a price of $0.36 per share [1] - Arion will provide a secured working capital loan of $150,000 to Aether, which is forgivable upon completion of the acquisition [6] Strategic Positioning - The acquisition of Arion is expected to strategically position Aether as a leader in the Canadian and international security and defense sectors, particularly with a focus on defense spending [7][8] - Arion's existing partnerships and technologies, including a joint venture for counter-UAV products, will enhance Aether's capabilities in the defense market [3][4] Financial Commitments - Under the joint-venture agreement, Bravo Zulu Drone Defense Inc. is required to fund approximately USD $500,000 for demonstration equipment to secure military contracts in South Asia [4] - Arion has negotiated a profit-sharing agreement with Bravo Zulu, allowing it to earn two-thirds of the net profits from a joint-venture order of up to USD $25 million [4] Technology and Innovation - Arion holds an exclusive patent license for the Footwear Screening Platform from Pacific Northwest National Laboratory, enhancing Aether's technological offerings in security scanning [5]