NameSilo Technologies Corp. Enters Letter of Intent to Acquire 100% of Reach Systems Inc.

Rhea-AI Summary

NameSilo Technologies (PINKSHEETS: URLOF) entered a letter of intent on Nov 26, 2025 to acquire 100% of Reach Systems Inc., a Nanaimo, British Columbia engineering and manufacturing firm that designs tether reels, smart winches, underwater/subsea cameras, and turnkey video inspection systems for oil & gas, petrochemical, subsea, marine, robotics, and confined-space inspection markets.

The agreed purchase consideration is C$4,500,000. Closing remains subject to a definitive share purchase agreement, completion of NameSilo's due diligence, and satisfaction of closing conditions. Parties say the purchase price was negotiated at arm's length and no NameSilo insiders have relationships with Reach insiders.

Positive

• 100% acquisition of Reach Systems agreed in LOI
• Purchase price set at C$4,500,000
• Adds tether reels, smart winches and underwater cameras
• Expands exposure to oil & gas, marine, robotics markets
• Acquires manufacturing and turn-key inspection systems capability

Negative

• Transaction is an LOI and not a binding definitive agreement
• Closing subject to due diligence and satisfaction of conditions

Argus Nov 26 session

+8.45% close to close Open Argus

Details

News Market Reaction – URLOF

On Nov 26, the day this news came out, URLOF closed 8.45% above the previous close.

Data tracked by StockTitan Argus for the Nov 26 session.

Key Figures

Reach purchase price: C$4,500,000 Q3 2025 revenue: $16,921,232 Q3 2025 net income: $1,146,711 +5 more

Reach purchase price

C$4,500,000

Total consideration under LOI for 100% of Reach Systems

Q3 2025 revenue

$16,921,232

Record Q3 2025 revenues vs Q3 2024

Q3 2025 net income

$1,146,711

Net income for Q3 2025, up 135% year-over-year

Q3 2025 gross profit

$4,461,041 (26.4% margin)

Gross profit and margin in Q3 2025

Deferred revenues

$32,980,460

Deferred revenues at end of Q3 2025

SewerVUE purchase price

C$2,450,000

Consideration to acquire 100% of SewerVUE

Finder shares

78,750 shares at $1.40

Shares issued to a finder in SewerVUE transaction

Multi-sensor float sale

C$560,000

Sale of pipe inspection float by SewerVUE on Dec 3, 2025

Historical Context

5 past events · Latest: Dec 03

5 events

1. Dec 03

   Operational update

   24h Move

   +0.0%

   Subsidiary completed C$560,000 multi-sensor inspection system sale.

2. Nov 28

   Earnings results

   24h Move

   +1.9%

   Record Q3 2025 revenue and sharply higher net income and margins.

3. Nov 26

   Acquisition LOI

   24h Move

   +8.4%

   LOI to acquire 100% of Reach Systems for C$4,500,000.

4. Sep 26

   Acquisition closed

   24h Move

   +1.9%

   Subsidiary acquired CommerceHQ ecommerce website builder platform.

5. Sep 12

   Acquisition agreement

   24h Move

   +1.9%

   Definitive agreement to acquire SewerVUE for C$2,450,000.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

letter of intent, remotely operated vehicles ("ROVs"), IP cameras, encoder wheels, +3 more

7 terms

letter of intent regulatory

"is pleased to announce that it has entered into a letter of intent (the "LOI")"

A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.

remotely operated vehicles ("ROVs") technical

"tether reels and smart winches used to deploy and manage cables/tethers for remotely operated vehicles"

Remotely operated vehicles (ROVs) are unmanned, tethered machines controlled from a distance that carry cameras, tools and sensors to inspect, repair or gather data in places people can’t easily reach, like deep underwater or hazardous industrial sites. Investors care because ROVs enable critical operations without human risk, drive service and equipment revenue, and affect project timelines and costs—similar to how a reliable robot can speed and cut risks in a repair job.

IP cameras technical

"underwater inspection cameras, IP cameras with high resolution, low‐light performance"

Networked video cameras that capture and transmit footage over Internet Protocol (IP) networks instead of using traditional analog wiring, functioning much like a smartphone camera that streams live video to a remote device or cloud storage. Investors care because IP cameras often create ongoing revenue from services (cloud storage, subscriptions, analytics), drive demand in security, smart buildings and IoT, and expose companies to software, privacy and integration risks that affect profitability and growth.

encoder wheels technical

"provides accessories like cable counters, encoder wheels (for measuring cable lengths)"

Encoder wheels are small, precisely patterned discs used in motion sensors to track rotation, position, or speed by creating a readable signal as they turn past a sensor—think of them as the teeth on a car’s speedometer gear that tell a system how fast or where something is moving. Investors care because their quality and supply affect performance, reliability and cost in products like robots, electric vehicles and industrial equipment, influencing revenue, warranty costs and competitive position.

arm's length negotiations financial

"The purchase price of the transaction was determined by arm's length negotiations of the parties."

Arm's length negotiations are discussions and agreements between parties who act independently and without special ties, so the price and terms reflect what unrelated buyers and sellers would accept. Investors care because these fair-market dealings reduce the risk of hidden favors or conflicts of interest, helping ensure that valuations, deals and financial statements are trustworthy—think of two strangers haggling in a marketplace rather than family members cutting a private deal.

definitive share purchase agreement regulatory

"settle the terms of a definitive share purchase agreement whereby NameSilo will acquire"

A definitive Share Purchase Agreement is a final, official document that confirms the details of a sale where one person or company agrees to buy shares from another. It matters because it legally locks in the agreed terms, making sure both sides understand and follow through with the deal. Think of it as the final contract that makes the purchase official.

due diligence financial

"subject to ... completion of due diligence of Reach by NameSilo and satisfaction"

Due diligence is the careful investigation and analysis someone conducts before making a decision, such as investing money or entering into an agreement. It’s like researching thoroughly before buying a used car to ensure it’s in good condition; this helps prevent surprises and makes informed choices. For investors, due diligence reduces risk by verifying details and understanding what they’re getting into.

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CSE: URL / OTC: URLOF

VANCOUVER, BC, Nov. 26, 2025 /PRNewswire/ - NameSilo Technologies Corp. (CSE: URL) (PINKSHEETS: URLOF) (the "Company") is pleased to announce that it has entered into a letter of intent (the "LOI") to acquire 100% of the issued and outstanding shares of Reach Systems Inc. ("Reach") based in Nanaimo, British Columbia, Canada.

Reach Systems Inc. is a Canadian-based engineering and manufacturing firm that specializes in the design and assembly of remote inspection equipment, cable/tether management systems, and underwater/subsea camera & winch solutions. Their products are used in oil & gas, petrochemical, subsea/underwater, marine, robotics, and confined space inspection industries.

Reach designs and manufactures tether reels and smart winches used to deploy and manage cables/tethers for remotely operated vehicles ("ROVs"), camera systems, robotics, and other remote tools. It also offers underwater inspection cameras, IP cameras with high resolution, low‐light performance, and streaming video capabilities for applications like confined space inspections, subsea work, and remote monitoring. Additionally, the company provides accessories like cable counters, encoder wheels (for measuring cable lengths), field monitors, and full "turn-key" video inspection systems.

Under the terms of the LOI, NameSilo and Reach have agreed to settle the terms of a definitive share purchase agreement whereby NameSilo will acquire all of the issued and outstanding shares of Reach.  In consideration thereof, the total payable for Reach will be C$4,500,000.

The purchase price of the transaction was determined by arm's length negotiations of the parties.  None of the insiders of NameSilo have a relationship with the insiders of Reach.

Closing of the acquisition of Reach is subject to the parties entering into a definitive share purchase agreement, completion of due diligence of Reach by NameSilo and satisfaction of the conditions set forth in the definitive share purchase agreement.

About NameSilo Technologies Corp. and NameSilo LLC

NameSilo Technologies Corp. invests its capital in companies and opportunities which management believes are undervalued and have potential for significant appreciation. The company makes investments in both public and private markets and focuses on opportunities in a wide variety of industries excluding the resource and resource service sectors. NameSilo does not invest on behalf of any third party and it does not offer investment advice.

NameSilo LLC is a low-cost provider of domain name registration and management services. As an accredited ICANN registrar, NameSilo is one of the fastest growing domain registrars in the world with approximately 5.7 million active domains under management from approximately 160 countries.

Disclaimer for Forward-Looking Information

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding potential future investments by the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company's actual results to differ materially from those expressed or implied by the forward-looking statements.

NEITHER THE CSE NOR ITS REGULATION SERVICES PROVIDERS (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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SOURCE NameSilo Technologies Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NameSilo (URLOF) announce on November 26, 2025?

NameSilo announced a letter of intent to acquire 100% of Reach Systems for C$4,500,000.

How much will NameSilo pay to acquire Reach Systems (URLOF)?

The agreed purchase consideration in the LOI is C$4,500,000.

What products and markets does Reach Systems bring to NameSilo (URLOF)?

Reach provides tether reels, smart winches, underwater cameras and turnkey inspection systems for oil & gas, petrochemical, subsea, marine, robotics, and confined-space inspection markets.

Is the NameSilo–Reach Systems deal (URLOF) finalized?

No; closing requires a definitive share purchase agreement, completion of due diligence, and satisfaction of closing conditions.

Did NameSilo disclose any insider relationships with Reach Systems in the URLOF announcement?

The announcement states that none of NameSilo's insiders have relationships with Reach insiders.