PRF Technologies and Dotz Nano sign term sheet on energy platform

PRF Technologies Ltd. (Nasdaq: PRFX) announced on November 3, 2026 that it had signed a non-binding term sheet with Dotz Nano Limited (ASX: DTZ) for a strategic collaboration aimed at expanding Dotz's presence in the AI-driven energy optimization market.¹

Under the proposed deal, Dotz would commercialize and ultimately acquire PRF's DeepSolar/GridFeed AI energy platform for US$1.0 million, launching it under an exclusive license, while PRF would take an equity position in Dotz through a US$250,000 participation in Dotz's recently announced A$2.0 million placement.¹ Dotz would operate and commercialize GridFeed under the exclusive license from closing, with ownership of the platform and its intellectual property transferring to Dotz once US$650,000 of the purchase price has been paid.¹ Completion is subject to due diligence, approval by both companies' boards, and execution of definitive agreements.¹

Dotz is a climate-technology company listed on the Australian Securities Exchange with operations in Israel, commercializing technologies designed to reduce energy consumption, with its Dotz Energy business focused on AI-driven energy optimization and managed energy infrastructure.¹ PRF had developed GridFeed since acquiring the DeepSolar business in March 2025.¹ In September 2026, PRF had announced plans to establish GridFeed as a standalone subsidiary to pursue strategic transactions, and the Dotz agreement is the result of that process.¹

On the healthcare side, PRF reported preliminary, unaudited cash of approximately US$11.0 million as of September 30, 2026.¹ LayerBio, PRF's majority-owned subsidiary, expects to begin enrolling patients before year-end in its U.S. multi-center Phase 2 trial of OcuRing-K, a bio-erodible intraocular ring designed to deliver ketorolac during cataract surgery.¹ PRF is also continuing to advance PRF-110, its extended-release, opioid-sparing post-surgical pain candidate.¹