Corporate Update

GenIP plc, a technology business providing Generative Artificial Intelligence (GenAI) services to help research organisations and corporations commercialise their innovations, is pleased to provide an update on orders for the GenAI enhanced services and commercial partnerships with leading research institutions globally.

Highlights:

• Received a single order for 30 Invention Evaluator GenAI analytical assessments ("IE Reports") from a leading Fortune 100 technology company client, the largest single order since the launch of Generative AI enhanced services on 1st September 2024.
• Signed a commercial agreement with a leading Saudi Arabian research institution, GenIP's first client in the Kingdom.
• Initiated negotiations with over 50 potential new clients, including research institutions, corporations, and venture capital firms, following recent engagements at global technology transfer events.
• Since GenIP's GenAI services were launched, 195 orders for IE Reports and 8 orders for Vortechs placement assignments have been secured.[1]

Management of GenIP has attended a couple of well-known global technology transfer events in the past few weeks, promoting the Company's GenAI integrated services and initiating negotiations with over 50 potential new clients worldwide.

The Company continues to receive multiple additional orders for both Invention Evaluator analytical assessments and Vortech's GenAI-enhanced executive search assignments and looks forward to announcing significant commercial milestones in the near term following the launch of our e-commerce marketing programme.

Melissa Cruz, CEO of GenIP, comments:

"We are delighted to have received GenIP's largest single order since our GenAI enhanced services launched. The calibre of our clients and the orders for multiple volume reports demonstrates the utility of our technology transfer services for research institutions seeking to improve commercialisation of their new discoveries. Additionally, we are highly encouraged by our interactions with leading innovators at recent industry events in Singapore and Brazil and are confident these will translate to additional orders for GenIP's services."

Company Strategy

GenIP's goal is to create a leading Generative AI analytic services company. To achieve this, the Company has established three strategic pillars:

• Expand the Generative AI service offerings within InventionEvaluator and Vortechs' to reach new customers and improve margins.