Vancouver, British Columbia--(Newsfile Corp. - December 24, 2025) - 1355379 B.C. Ltd. is pleased to announce that it has officially changed its name to Redwood Labs Inc. ("Redwood Labs" or the "Company"). The name change reflects the Company's evolving strategic direction and commitment to building a next-generation technology portfolio centered on artificial intelligence and integrated IoT systems.

The rebranding follows the Company's recently announced definitive Share Purchase Agreement for the acquisition of Room40 AI Inc. ("Room40 AI"), a Delaware-based technology company specializing in lightweight, real-time Internet-of-Things analytics and machine learning solutions.

"The transition to Redwood Labs marks an exciting new chapter for our company," said Brian O'Connor, CEO of Redwood Labs. "This name better represents who we are and where we are headed, a forward-thinking technology company focused on scalable AI and IoT solutions. With Room40 AI's cutting-edge real-time machine learning capabilities joining our growing portfolio, we are well-positioned to deliver transformative products across smart home, security, and defence applications.

The Company remains enthusiastic about its partnership with Room40 AI and founder Vishnu P. Kannan, whose proprietary algorithms and integrated analytics platform provide a strong foundation for Redwood Labs' commercialization strategy as it advances toward a planned potential listing on a Canadian stock exchange."

"Many major algorithmic barriers in IoT have been overcome across the past few years, especially by groups of smaller teams." said Vishnu Kannan, Founder/CEO of Room40 AI. "This puts Redwood in a great position to bring together synergistic technologies from a fragmented industry to build a cohesive, visionary portfolio in the space."

About Redwood Labs Inc.

Redwood Labs Inc. is a reporting issuer in the Province of British Columbia, pursuing strategic acquisitions and partnerships in the technology sector. The Company's mandate is to identify and advance high-value technology assets with commercial scalability and long-term market relevance, with a focus on AI-integrated software and hardware ecosystems.

Cautionary Statement Regarding Forward-Looking Information

This news release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Redwood Labs with respect to future business activities and operating performance.

Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) expectations regarding whether the transaction will be consummated with Room40 AI Inc. (the "Transaction"), including whether conditions to the consummation of the Transaction will be satisfied including, but not limited to, the necessary regulatory approvals and the timing associated with obtaining such approvals, if at all and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Redwood Labs, as applicable, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to Redwood Labs, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Redwood Labs Inc.'s management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects Redwood Labs Inc.'s current beliefs and is based on information currently available to Redwood Labs and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: completion of the Transaction and being able to satisfy the requirements of a stock exchange with respect to obtaining a public listing. Although Redwood Labs has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, Redwood Labs disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

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