Telescope Announces Changes to its Board of Directors

Rhea-AI Summary

Telescope Innovations (OTCQB: TELIF) announced that Ali Pejman has resigned from its Board of Directors, effective July 14, 2026. According to Telescope, Pejman is expected to continue supporting the company as a consultant under an agreement to be finalized shortly, while the Board actively searches for a qualified replacement in line with Canadian securities laws and CSE policies.

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Vancouver, British Columbia--(Newsfile Corp. - July 14, 2026) - Telescope Innovations Corp. (CSE: TELI) (OTCQB: TELIF) (FSE: J4U) ("Telescope" or the "Company"), a leading developer of intelligent automation and advanced chemical manufacturing technologies, announces that Ali Pejman has resigned from the Company's Board of Directors ("Board"), effective as of the date of this press release.

Henry Dubina, CEO, stated, "On behalf of the Board and management, I would like to thank Ali for his commitment and the thoughtful guidance he has provided during an important period in the Company's growth. We are pleased that he will continue to support Telescope as a consultant, and we wish him every success."

Mr. Pejman will remain engaged as a consultant to the Company, pursuant to a consulting agreement to be entered into shortly after Mr. Pejman's resignation. The Board continues to actively search for a qualified candidate to fill the resulting vacancy and will announce the appointment of a successor in due course, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (the "CSE").

About Telescope Innovations

Telescope is a chemical technology company developing intelligent automation technologies and scalable manufacturing processes for the pharmaceutical and chemical industry. The Company builds and deploys reaction sampling systems for real-time analysis, flexible robotic platforms, and artificial intelligence software that improves experimental throughput, efficiency, and data quality. The Company's "Self-Driving Labs" are fully autonomous, physical AI platforms that plan, execute, and analyze experiments far more efficiently than traditional manual approaches. Bio-pharmaceutical, high value specialty chemical, and advanced materials companies utilize Telescope's products and services to accelerate the development and optimization of chemical processes, thereby cutting down time and costs from lab to market. For more information, please visit www.telescopeinnovations.com.

On behalf of the Board,

Telescope Innovations Corp.

Henry Dubina, Chief Executive Officer
E: henry.dubina@telescopeinn.com
T: 778-262-1113

Forward-Looking Information

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain "forward-looking information" under applicable Canadian securities laws. When or if used in this news release, the words "anticipate," "believe," "estimate," "expect." "target", "plan," "forecast," "may," "schedule," and similar words or expressions identify forward-looking information. This forward-looking information may relate to the engagement of Mr. Pejman as a Company advisor, the Company's active search for an additional director and other factors or information.

Forward-looking information is based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. The forward-looking information contained in this news release is made as of the date of this news release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305206

FAQ

What board change did Telescope Innovations (OTCQB: TELIF) announce on July 14, 2026?

Telescope Innovations announced that director Ali Pejman resigned from its Board effective July 14, 2026. According to Telescope, he will transition to a consulting role, and the Board is seeking a qualified successor in accordance with applicable securities laws and CSE policies.

Will Ali Pejman continue to work with Telescope Innovations (TELIF) after resigning from the Board?

Yes, Ali Pejman is expected to continue working with Telescope as a consultant. According to Telescope, his consulting role will be governed by a consulting agreement to be entered into shortly after his resignation from the Board of Directors becomes effective.

How will Telescope Innovations (TELIF) fill the Board vacancy created by Ali Pejman’s resignation?

Telescope plans to appoint a new director to fill the vacancy created by Ali Pejman’s resignation. According to Telescope, the Board is actively searching for a qualified candidate and will announce a successor in due course under Canadian securities laws and CSE policies.

What did Telescope Innovations’ CEO say about Ali Pejman’s departure from the Board?

CEO Henry Dubina thanked Ali Pejman for his commitment and guidance during an important growth period. According to Telescope, Dubina also noted they are pleased Pejman will continue supporting the company as a consultant and wished him every success in the future.

Does the resignation of Ali Pejman affect Telescope Innovations’ stock listings such as TELIF?

The announcement does not state any direct impact on Telescope’s listings, including OTCQB: TELIF. According to Telescope, the Board will follow applicable securities laws and Canadian Securities Exchange policies when appointing a new director to replace Pejman.