Austin, TX, February 3, 2026 - Otovo, a leading home energy service provider,
has entered into an agreement with Freedom Power to acquire the rights to
service the limited warranties of its commercial solar portfolio, which consists
of more than 400 commercial systems, representing approximately 70 MW of
capacity. The acquisition marks Otovo's strategic entry into the commercial
solar and storage market. 

Additionally, Otovo will have the opportunity to provide repair and maintenance
services to Freedom Power's commercial portfolio and its residential customers
in Colorado.

Freedom Power is a commercial and residential power solutions company that
provides heating and cooling, battery backup, solar power, and generator
solutions for homes in the states of Texas and Florida, and businesses around
the country. 

"Otovo is expanding into the commercial solar repair industry as we continue to
grow our footprint and service offering," said William J. (John) Berger, CEO of
Otovo. "This is our fourth announced acquisition in the past few months, in
addition to several smaller customer book transactions, and continues our steady
march to grow Otovo into the leading global home and commercial energy service
provider. The commercial market is an ideal fit for Otovo's AI-native EnduranceTM
platform because it provides a high-quality rapid-response service, which is
exactly what commercial customers demand to keep their business up and running."

"This agreement with Otovo gives our customers access to best-in-class
operations and maintenance, ensuring their systems are serviced with long-term
performance in mind," said Bret Biggart, CEO of Freedom Power. "With Freedom
Power continuing to install commercial solar projects and Otovo providing a
dedicated, responsive service offering, our customers can be confident in the
reliability of their solar assets."

Otovo's AI-native EnduranceTM platform can triage issues and route the right crew
in real time, connecting technicians, trucks, and installed devices into a
single responsive network. The live tracking function closes the loop with
customers, while optimized routing raises first-time-fix rates while cutting
travel. 

Otovo anticipates this transaction to be accretive to its net income in 2026.
The agreement is subject to standard closing conditions, including completion of
due diligence and no material adverse changes. 

About Otovo 
Otovo is an AI-Native home and business energy services company in Europe and
the United States. We combine real-time equipment monitoring, rapid repairs,
dependable power supply, and grid participation into a single, seamless
service-delivering maximum service at a minimal cost. Endurance, Otovo's
industry-leading AI platform, continually monitors installed equipment in homes
and businesses, optimizes the entire service process from problem detection to
resolution, and coordinates repairs around the clock. "Your Power, Backed by
Ours." Otovo is listed on the Euronext Oslo Stock Exchange under the ticker
OTOVO. Visit us at https://otovo.ai/. 

The above includes forward-looking statements including goals, projections,
targets, and plans based on current expectations and assumptions. Actual results
may differ materially due to risks and uncertainties, including those described
below. We do not undertake to update forward-looking statements except as
required by law. This is not an offer to sell securities.

Execution risks include: the ability to hit sales, margin, and deployment
timelines