Aegis Critical Energy Defence Corp. Provides Update on Ontario LT2 (c-1) Capacity Stream Tender, Congratulates LT2 Winners and Outlines Growth Opportunities

Executive Summary

• Cordelia BESS Inc., a joint venture between Aegis Critical Energy Defence Corp. and SEETEL New Energy Inc., was unsuccessful in its bid for the Ontario IESO Long Term 2 Capacity Stream LT2 (c-1) procurement for a project in Stratford.
• Despite the bid setback, the Aegis-SEETEL partnership remains active, with plans to supply successful LT2 winners with CX-5 MWh containerized battery storage solutions featuring quantum-grade cybersecurity.
• The company will redirect its strategic focus toward evaluating new battery-energy-storage and critical-infrastructure projects across three additional Canadian provinces and multiple prospects in the southeastern United States, targeting AI centers and data centers.

Key Details

• Bid Outcome: Cordelia BESS Inc. was not selected as a winner in the IESO LT2 (c-1) procurement for its proposed project in Stratford, Ontario.
• Partnership Status: The Aegis-SEETEL partnership operating through Cordelia BESS Inc. remains intact and active following the procurement results.
• Product & Technology: The JV will offer the CX-5 MWh containerized battery-energy-storage solution to successful LT2 bidders, integrated with quantum-level cybersecurity provided by partner Quantum eMotion (QNC: NYSE American).
• Geographic Expansion: Strategic focus will shift to new opportunities in three additional Canadian provinces and multiple prospects in the southeastern U.S., specifically targeting grid-supporting storage and reliable power for AI centers and data centers.
• Manufacturing & Capital: SEETEL subsidiary Aurosi Precision Co., Ltd. maintains approximately 3 GWh of annual production capacity for utility-scale, liquid-cooled battery modules and modular energy-storage systems, with available capital to deploy alongside project developers.
• Strategic Direction: Aegis and SEETEL will continue to build a project-driven company focused on energy storage and data-center infrastructure, offering both equipment supply and direct investment opportunities in North and South America.

Notable Quotes

• Ken Wu, Head of North America, SEETEL: "We congratulate all successful LT2 (c-1) proponents and continue to see Ontario as an exceptional market for clean-energy growth. With Aurosi and our partner Aegis, we are ready to supply our 5 MWh containerized storage solution, secured by quantum-grade cybersecurity from Quantum eMotion."
• Chris McGillivary, CEO, Cordelia BESS Inc.: "We congratulate all successful LT2 (c-1) proponents and recognize the strong momentum in Ontario's energy-storage market. Together with Aurosi and our partner Aegis, we are ready to supply our 5 MWh containerized storage solution with quantum-grade cybersecurity from Quantum eMotion."
• Randolf Lin, CEO, Aurosi Precision Co., Ltd. & Director, Cordelia BESS Inc.: "The Aurosi team is committed to investing in utility projects, AI centers and data centers with our partner Aegis in North and South America. We have capital to deploy, proven manufacturing capacity, and are actively looking for opportunities to invest alongside project developers, including those who were successful in the LT2 process."