First Tellurium enters airboat mkt with PyroDelta sale

Executive Summary

• First Tellurium Corp.'s subsidiary, PyroDelta Energy Inc., has secured its first sale in the U.S. airboat market, delivering a thermoelectric-enhanced combustion engine to a Florida-based manufacturer.
• The transaction marks a strategic pivot for PyroDelta, which intends to transition from selling full engine/module combinations to selling only the thermoelectric modules in future transactions.
• The sale targets a growing market for eco-friendly, lightweight, and high-performance airboats used in tourism, search and rescue, and military applications.

Key Details

• Transaction: Initial sale of a thermoelectric-enhanced combustion engine to a Florida-based airboat manufacturer.
• Product Scope: The delivered unit included both the engine and the thermoelectric module, designed to power onboard electronics and extend range/improve efficiency.
• Strategic Shift: PyroDelta’s future business model will focus exclusively on selling the thermoelectric modules rather than the full engine combination.
• Market Context: The global airboat market is valued at $240 million (U.S.) for 2025, with a forecasted CAGR of 3.12% from 2025 to 2034.
• Industry Trends: There is a 12% increase in adoption of eco-friendly and hybrid airboats among tourism operators aiming to reduce carbon emissions and noise pollution.
• Applications: Airboats are utilized for fishing, hunting, tourism, search and rescue, military patrols, and environmental monitoring.

Notable Quotes

• Michael Abdelmaseh, PyroDelta Head Engineer: "We have made an initial sale to a Florida-based airboat manufacturer... While selling the full engine and module combination is an exciting development for us, our business model going forward is to sell only the modules."
• Tyrone Docherty, First Tellurium President and CEO: "This is an important step in our growth strategy to generate significant revenue going forward. PyroDelta continues to receive strong interest from a variety of industries... This is yet another example that we believe will open new opportunities."