Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
On July 21, 2026, PRF Technologies Ltd. issued
a press release entitled “PRF Technologies to Showcase GridFeed™ at Energy Trading Week Europe 2026”. A copy of the
press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1

PRF Technologies
to Showcase GridFeed™ at Energy Trading Week
Europe 2026
Company to Meet with Prospective Customers
and Partners at Europe’s Premier Energy Trading
Gathering, Expected to Draw More Than 2,500 Market Participants
TEL AVIV, Israel, July 21, 2026 (GLOBE NEWSWIRE) -- PRF Technologies
Ltd. (Nasdaq: PRFX) (“PRF” or the “Company”) today announced that its DeepSolar business unit will participate
in Energy Trading Week Europe 2026, taking place September 24–25, 2026, at the Business Design Centre in London.
The participation follows several recent platform milestones, including
DeepSolar’s participation in the NVIDIA Connect program, as PRF continues to advance GridFeed™, its AI-driven platform for
renewable energy trading, market participation and revenue optimization, built on its DeepSolar Predict™ AI engine. According to
the event organizers, the conference is expected to bring together more than 2,500 traders, analysts, technologists and decision-makers
from across the European energy trading ecosystem.
PRF expects to present GridFeed to energy traders, asset owners, operators,
balancing responsible parties and other energy market participants. The Company also expects to participate in an industry panel session
and schedule meetings with prospective customers and partners during the event.
PRF believes its participation marks an important step in the Company’s
go-to-market strategy as it advances the GridFeed platform from renewable energy forecasting and analytics toward market participation,
trading decision support and revenue optimization.
Renewable energy operators are increasingly exposed to volatile market
conditions, weather-driven production changes, imbalance costs and intraday trading complexity. This environment may create opportunities
for AI-driven platforms that can connect weather intelligence, production forecasting, asset data and market signals into actionable commercial
recommendations.
GridFeed is designed to support renewable energy operators and market
participants as they evaluate day-ahead, intraday and continuous trading opportunities, manage exposure to changing market conditions
and seek to maximize the commercial value of renewable generation and storage assets.
“Energy Trading Week Europe brings together the market participants
who are shaping the future of renewable energy trading,” said Efi Cohen-Arazi, Chief Executive Officer of PRF Technologies. “Our
participation reflects an important step in PRF’s transition from renewable energy analytics toward AI-driven revenue optimization
and market decision support. We believe GridFeed addresses a critical market need: helping renewable energy operators transform forecasting,
asset intelligence and market data into better commercial decisions.”
PRF plans to discuss how GridFeed can support revenue optimization
across day-ahead, intraday and continuous trading environments. These meetings are expected to support the Company’s product roadmap,
customer discovery process and broader go-to-market strategy.
As renewable penetration continues to increase, the Company believes
that the ability to optimize market participation will become a key differentiator for asset owners and operators. GridFeed is designed
to bridge the gap between operational forecasting and trading execution by turning complex data into decision-support workflows for renewable
energy portfolios.
GridFeed builds on PRF’s DeepSolar platform capabilities, including
weather intelligence, production forecasting, operational analytics and optimization workflows. The platform is designed to help renewable
energy operators navigate increasingly complex energy markets and support the transition from asset monitoring to revenue-focused decision-making.
About GridFeed™
GridFeed™ is PRF’s commercial platform for renewable energy
trading, market participation and revenue optimization, built on the Company’s DeepSolar Predict™ AI engine. The platform
combines weather intelligence, production forecasting, storage optimization and market analytics into decision-support workflows designed
to help renewable energy operators and market participants maximize the commercial value of their assets across day-ahead, intraday and
continuous trading environments. DeepSolar is an active participant in the NVIDIA Connect program, supporting continued innovation in
AI-powered renewable energy solutions.
About PRF Technologies
PRF Technologies (Nasdaq: PRFX) is a company focused on the reformulation
of established therapeutics, and a developer of AI-driven energy optimization technologies through its DeepSolar platform. The Company’s
pharmaceutical programs leverage a proprietary extended-release drug-delivery system intended to provide prolonged post-surgical pain
relief while minimizing the need for repeated dosing and reducing reliance on opioids. Through DeepSolar, PRF also delivers advanced software
solutions that enable both consumers and enterprises to monitor, forecast, and optimize energy consumption - particularly in solar-integrated
environments. This dual business model reflects PRF’s strategic commitment to applying precision technology across high-impact sectors
including healthcare and sustainable energy. For more information, please visit www.prf-tech.com.
Forward-Looking Statements
This press release contains forward-looking statements about PRF’s
expectations, beliefs and intentions including with respect to statements related to the Company’s planned participation in Energy
Trading Week Europe 2026, the development, planned commercial launch, capabilities and intended benefits of GridFeed and DeepSolar Predict,
the Company’s expectations regarding renewable energy market trends and dynamics, and the potential of its AI-driven platform to
improve forecasting accuracy, optimize energy commitments, reduce imbalance exposure and support higher-value delivery decisions across
renewable energy assets. Forward-looking statements can be identified by the use of forward-looking words such as “believe”,
“expect”, “intend”, “plan”, “may”, “should”, “could”, “might”,
“seek”, “target”, “will”, “project”, “forecast”, “continue” or
“anticipate” or their negatives or variations of these words or other comparable words or by the fact that these statements
do not relate strictly to historical matters. These forward-looking statements are based on assumptions and assessments made in light
of management’s experience and perception of historical trends, current conditions, expected future developments and other factors
believed to be appropriate. Forward-looking statements in this press release are made as of the date of this press release, and we undertake
no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Forward-looking statements
are not guarantees of future performance and are subject to risks and uncertainties, many of which are outside of our control. Many factors
could cause our actual activities or results to differ materially from the activities and results anticipated in forward-looking statements,
including, but not limited to, the following: our ability to continue as a going concern, our history of significant losses, our need
to raise additional capital and our ability to obtain additional capital on acceptable terms, or at all; our dependence on the success
of our initial product candidate, PRF-110, OcuRing™-K, LayerBio Inc.’s lead product candidate, and the commercialization of
the DeepSolar solution; the outcomes of preclinical studies, clinical trials and other research regarding PRF-110, OcuRing™-K and
future product candidates; our limited experience managing clinical trials; our ability to retain key personnel and recruit additional
employees; our reliance on third parties for the conduct of clinical trials, product manufacturing and development; the impact of competition
and new technologies; our ability to comply with regulatory requirements relating to the development and marketing of our product candidates;
our ability to establish and maintain strategic partnerships and other corporate collaborations; the implementation of our business model
and strategic plans for our business and product candidates; the scope of protection we are able to establish and maintain for intellectual
property rights and our ability to operate our business without infringing the intellectual property rights of others; the overall global
economic environment; our ability to develop an active trading market for our ordinary shares and whether the market price of our ordinary
shares is volatile; our ability to maintain our listing on the Nasdaq Capital Market; and statements as to the impact of the political
and security situation in Israel on our business. More detailed information about the risks and uncertainties affecting us is contained
under the heading “Risk Factors” included in the Company’s most recent Annual Report on Form 20-F and in other filings
that we have made and may make with the Securities and Exchange Commission in the future.
Contact:
Crescendo Communications, LLC
Tel: 212-671-1021
Email: prfx@crescendo-ir.com
Dr. Ehud Geller, Executive Chairman
PRF Technologies Ltd.
Tel: +972-54-4236711
Email: egeller@medicavp.com