CitroTech Provides Business Update

Key Terms

form 10-q regulatory

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

epa safer choice regulatory

The EPA Safer Choice label indicates that a product has been evaluated and meets standards for containing safer, environmentally friendly ingredients, and minimizes health and environmental risks. For investors, products with this label can signal a company's commitment to sustainability and responsible practices, which are increasingly valued by consumers and can influence long-term business success.

rsus financial

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

psus financial

PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.

convertible preferred stock financial

Convertible preferred stock is a special class of company shares that pays priority, usually fixed, payments to holders and can be exchanged later for a set number of common shares. It matters to investors because it combines steady income and added protection with the chance to share in a company’s upside; think of it as a hybrid between a bond that pays regularly and an option to convert into growth-oriented stock, where the conversion rules influence both potential gains and how much common shareholders’ ownership may be reduced.

warrants financial

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

convertible debt financial

A convertible debt is a loan a company takes that gives the lender the option to swap the owed money for a set number of the company’s shares instead of getting cash back. It matters to investors because it can change who owns the company and how much their shares are worth: if lenders convert, existing shareholders can be diluted, but conversion can also signal confidence and reduce a company’s cash pressure — like getting a coupon that can be redeemed for store ownership rather than a refund.

going concern financial

A going concern is a business that is expected to continue its operations and meet its obligations for the foreseeable future, rather than shutting down or selling off assets. This assumption matters to investors because it indicates stability and ongoing profitability, making the business a more reliable investment. Think of it as believing a restaurant will stay open and serve customers, rather than closing down suddenly.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260515065150/en/

Media & Investor Contact:
CitroTech Inc.
Isabella Sarlo
Antenna Group
CitroTech@antennagroup.com
(516) 526-9227

Investor Relations Contact:
Brett Maas, Managing Principal
Hayden IR, LLC
CITR@haydenir.com
(480) 861-2425

Source: CitroTech Inc.