SQI Diagnostics Inc. has issued layoff notices to each of Andrew Morris, the Company's Chief Executive, and Eric Brouwer, the Company's Chief Scientific Officer, in an effort to further reduce the Company's expenses. Messrs. Morris and Brouwer have advised the Board that they will resign from their positions as directors of the Company effective June 5th, 2023, but will continue to advise the Board over the next several weeks on an as required basis. Morlan Reddock, the Company's Chief Financial Officer, will continue to be employed by the Company during this transition period as the Board looks to monetize the Company's existing intellectual property and equipment while
continuing to seek potential sources of new financing. Additional details regarding the Company's future direction and strategy will be announced in due course.