NameSilo Technologies (NTCEF/URL, URLOF) reports that year-to-date bookings* at its marine-technology subsidiary Reach Systems have reached approximately $2.2 million, up from about $1.06 million a year earlier, an increase of roughly 108%.
To support the larger order book, Reach will expand its operating space from 3,559 to 8,031 square feet effective October 1, more than doubling its footprint and adding manufacturing, assembly and testing capacity. Headcount has risen from 17 employees at the February 13, 2026 acquisition closing to 24, an increase of about 41%. Reach has shipped a new winch system worth approximately US$105,000 to a European customer, expects to ship a second to the United Kingdom, and has delivered three smaller winch systems to Sensor Technology in Canada, including one successfully demonstrated at the REPMUS maritime exercise in Portugal. NameSilo also granted 50,000 stock options to an officer, exercisable at $1.42 for five years.