COMMERCIAL UPDATE Commercial activities during the year focused on EXONET customer engagement, expanding evaluations and collaborations, and promotion at international conferences. EXO-NET® PAN-EXOSOME CAPTURE EXO-NET pan-exosome capture is a research use only (RUO) tool for isolating exosomes from biofluids for biomarker discovery and diagnostics. EXO-NET offers speed, efficiency and scalability advantages over other exosome isolation methods. EXO-NET is commercially available worldwide through our distribution partner Promega Corporation. EXO-NET Pan has been commercialised as an exosome isolation tool for sale in the rapidly growing exosome research market. EXO-NET Pan is manufactured by INOVIQ in 1.6mL, 1mL and 0.25mL pack sizes containing EXO-NET affinity matrix-coated magnetic beads for processing up to 96, 60 or 15 samples. Promega grew the EXO-NET customer base to 60 by year-end across academic/government, pharmaceutical/ biotech, clinical laboratory/hospital and CRO customer types. Customer numbers were highest in Europe, followed by North America and Asia-Pacific. Applications were diverse including fundamental EV research, biomarker/target discovery and diagnostics research for Oncology, Neurology, Cardiac Disease, Transplant Rejection and Sepsis. Multiple conferences were attended during the year including GiVEX (Oct-24, Spain), AMP (Nov-24, Canada) and IMPACT Conference: Biomarkers in Psychiatry and Gynecology (Dec-24, Chile), ISEV (May-25, Europe) ASCO (Jun-25, USA), BIO International (Jun-25, USA) and AACR (Apr-25, USA). EXO-NET posters were presented showcasing the speed, specificity, reproducibility and scalability of EXO-NET for high-throughput EV isolation, biomarker discovery and diagnostics development. Joint research was undertaken by INOVIQ and Promega on Applications Development to provide validated data and Application Notes to support customer applications for urine-based workflows, flow cytometry of isolated EVs and miRNA/mRNA sequencing. Promega also invested in developing EXO-NET/RNA combination products that integrate with its Maxwell systems and consumables, providing flexible, scalable solutions for EV isolation and diagnostics. Launch of these combination products is expected in Q3 FY2026. Engagement with academia and industry is ongoing to secure collaborations and sales of EXO-NET, NEURONET and combination products. Multiple evaluations were progressed for biomarker discovery and diagnostic development across cancer, cardiology and neurological diseases. Promega continues to advance its EXO-NET roll-out from Early Access to full catalogue launch expected in early 2026. The first order from Promega was delivered and invoiced in August 2024 and the second order in May 2025. EXO-NET revenues achieved $253,261 during the year (2024: $201,863). New combination products and custom development services are expected to drive sales of EXO-NET over the next 12-months and underpin revenue growth. EXO-NET® 8 INOVIQ Limited Review of Operations continued
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