Next Dynamics Inc. announced results from recent testing of the Company's 7.62 caliber Nemesis A.S.A.P. ammunition completed by Bornea Dynamics Ltd. Bornea's testing of the 7.62 Nemesis ammunition confirms the improved ballistics performance offered by Next Dynamics' base drag reduction technology, with the Company's ammunition achieving significantly increased drag reduction, greater downrange velocity and match-grade accuracy, as compared to broadly available competitor rounds of the same caliber. The table below provides a comparison of ballistics performance, as measured by Bornea Dynamics, of the Nemesis to both Berger Match Grade 168gr and Winchester Super X 150gr reference projectiles, with key metrics including muzzle velocity, change in velocity from muzzle to 300 yards and ending velocity (at target). As illustrated above - and as further detailed in Bornea's report - the Company's Nemesis rounds achieved nearly 52% improvement in reduction in velocity between muzzle and 300 yards versus the Winchester Super X round, and nearly 16% improvement versus the Berger Match Grade round, despite the Berger round being over 16% heavier.

In absolute terms, Nemesis velocity was 21% greater than the Winchester round and 9% greater than the Berger round at a distance of 300 yards. Additionally, the Company's rounds achieved match grade accuracy, with dispersion essentially overlapping that of the Berger Match Grade round, and almost 1.25" tighter than the Winchester Super X round of comparable weight. On the tail of the positive testing results, Next Dynamics will be providing sample rounds to various potential licensors for their respective internal testing and validation.

The Company will share additional updates as discussions around licensing and distribution evolve.