CitroTech Provides Business Update

Highlights Operational Readiness and Growing Engagement from Customers and Partners

Hexion Joint Venture Enhances Commercial Pathway and Expands Industry Reach

Management to Host Conference Call at 9 a.m. ET Today

DENVER--(BUSINESS WIRE)--CitroTech Inc. (NYSE AM: CITR), a leading specialty chemical company delivering environmentally-safe fire inhibitor solutions, today announced financial results for the first quarter ended March 31, 2026 and provided a business update highlighting continued progress toward broad commercialization.

“CitroTech has reached a meaningful inflection point having transitioned from technology validation to the early stages of commercial deployment,” said Wes Bolsen, Chief Executive Officer of CitroTech. “Over the past several quarters, we have focused on building the operational, manufacturing and commercial foundation required to support execution. While we remain early in our revenue ramp, we are encouraged by the increasing engagement from utilities, fire agencies, engineered wood producers and building materials companies.

“The joint venture we formed with Hexion in April represents a step-change in our commercial strategy and go-to-market capabilities. The partnership combines Hexion’s deep industry footprint and technical expertise with CitroTech’s fire-retardant technology platform, creating a more scalable pathway to market. It is designed to accelerate adoption across the wood products industry, streamline integration with manufacturers, and expand our ability to deliver Class A fire-rated solutions at commercial scale.

“Looking ahead, our focus is execution, scaling commercial partnerships, expanding manufacturing readiness and accelerating deployment across both public and private sector channels. As wildfire risk intensifies and regulatory and insurance-driven pressures continue to reshape building standards and materials selection, we believe demand for our solutions, which is already robust, will continue to intensify. Early customer engagement and emerging partnerships reinforce our optimism and strengthen confidence in our commercial trajectory as we progress through 2026 and beyond.”

Recent Business Highlights

• Launched a strategic joint venture in conjunction with Hexion Inc., a leading global producer of adhesives and performance materials and an American Securities portfolio company, to accelerate commercialization of next-generation fire-retardant treated wood technologies across the lumber and manufactured wood products industry
• Initiated and expanded commercial sales with lumber and building materials producers to manufacture Class A fire-rated lumber and building materials
• Formed a strategic partnership with All Terrain Fire Support Inc., a leading wildfire mitigation, emergency response, and infrastructure protection firm to help federal, state, and military agencies prevent wildfires and safeguard assets using the only EPA Safer Choice recognized fire retardant

The Company has filed its Form 10-Q for the quarter ended March 31, 2026 with the U.S. Securities and Exchange Commission today, May 15, 2026.

Conference Call

Management will host a conference call at 9 a.m. Eastern Time today to discuss CitroTech’s 2026 first quarter financial results with the investment community.

Anyone interested in participating should call 1-877-407-3982 if calling within the United States or 1-201-493-6780 if calling internationally. When asked, please reference confirmation code 13760448.

A replay will be available until Friday, May 29, 2026, which can be accessed by dialing 1-844-512-2921 if calling within the United States or 1-412-317-6671 if calling internationally. Please use passcode 13760448 to access the replay.

The call will also be accompanied live by webcast over the Internet and accessible at https://viavid.webcasts.com/starthere.jsp?ei=1762067&tp_key=c913f46bf3.

About CitroTech Inc.

CitroTech Inc. (NYSE AM: CITR) is manufacturing and deploying the CitroTech family of innovative, environmentally safe fire prevention solutions for homes, wood products, and wildfire prevention and asset protection. CitroTech is the only long-term fire inhibitor recognized by the EPA Safer Choice program and tested to UL Greenguard Gold standards, providing effective and scientifically validated wildfire mitigation while safeguarding human and environmental health. The company’s growing patent portfolio, recurring-revenue model, and scalable approach support its long-term growth and market expansion. For more information, visit www.citrotech.com.