Notice of Issuance of New Shares

WiPowerOne, Inc. hereby announces that, pursuant to the resolution of the Board of Directors dated October 1, 2026, the Company has resolved to issue new shares through a third-party allotment as set forth below, in accordance with Article 418, Paragraph 4 of the Korean Commercial Act.

– Details –

1. Type and Number of New Shares: 1,541 Redeemable Convertible Preferred Shares (RCPS)

2. Issue Price: KRW 1,946,991 per share (par value: KRW 5,000 per share)

3. Payment Date: October 21, 2026

4. Method of Allotment: Third-party allotment pursuant to Article 9, Paragraph 2, Item 4 of the Articles of Incorporation

October 1, 2026

WiPowerOne, Inc.

WiPowerOne is showcasing its 50 kW high-power wireless charging system for Purpose-Built Vehicles (PBVs), currently under development in collaboration with Kia, at the Kia Technology Pavilion at the 2026 Gwangju-Jeonnam Future Industry Expo.

The exhibition runs from September 2 to 5, where WiPowerOne is presenting its high-power wireless charging technology for Kia PBVs and highlighting its potential applications in future autonomous mobility environments.

WiPowerOne’s wireless charging system transfers power from a transmitter pad to a receiver pad installed underneath the vehicle when the vehicle parks over the charging pad. This enables automatic charging without cables or human intervention.

The 50 kW high-power wireless charging solution is designed to automate charging and improve operational efficiency for high-utilization mobility applications, including robotaxis, autonomous shuttles, and logistics vehicles.

Beyond vehicles, WiPowerOne is expanding its wireless charging solutions across the broader Physical AI mobility ecosystem, including AMRs and humanoid robots. The company aims to enable fully autonomous operations where autonomous vehicles and robots can operate and recharge without human intervention.

WiPowerOne received the Innovation Award at the International e-Mobility Expo (IEVE) 2026, held in Jeju Island. The IEVE Innovation Award, jointly organized by the World EV Association and the International Electric Vehicle Expo, recognizes companies based on comprehensive evaluations of innovation, practicality, business potential, sustainability, and safety. At the expo, a wide range of future mobility technologies were showcased, including e-mobility solutions, charging infrastructure, batteries, components and materials, autonomous driving technologies, robotics, and renewable energy. During the event, WiPowerOne presented its wireless charging system capable of high-power wireless charging. The system features a lightweight receiver pad that enables high-power wireless power transfer, making it suitable even for passenger vehicles. WiPowerOne continues to drive technological innovation to enable seamless wireless charging across various physical AI mobility sectors, from electric vehicles to robotics.

WiPowerOne announced that it has signed a Memorandum of Understanding (MOU) with Rainbow Robotics and PHA on the 13th to jointly promote the adoption and commercialization of wireless charging systems for autonomous mobile robots (AMRs).

 

Through this agreement, the three companies plan to apply optimized wireless charging solutions to Rainbow Robotics’ autonomous robots and actively expand their deployment in smart logistics and manufacturing environments.

The wireless charging solution enables safe, contactless charging without the need for cables or battery replacement. It also supports fully autonomous charging, contributing to the realization of 24/7 unmanned operations.

In particular, WiPowerOne’s wireless charging system features a wide charging tolerance that accounts for robot alignment errors and offers high charging safety. This allows stable performance even in environments where multiple heterogeneous robots operate simultaneously.

The three companies have already completed technology validation and jointly showcased their capabilities through live demonstrations at the Korea Future Mobility Expo (DIFA) in October 2025.

 

Going forward, the partners plan to continue their collaboration to enhance product performance and expand market opportunities for wireless charging systems for autonomous mobile robots.

WiPowerOne has been awarded the Top Prize in the Startup category at the 4th Kia PBV Idea Competition.

The competition, designed to foster practical products and services compatible with Kia’s first Purpose Built Vehicle (PBV), the PV5, was held across four categories: ▲ Conversion ▲ Aftermarket ▲ Startup ▲ General

Over a two-month submission period beginning in September, the competition received a total of 1,266 ideas. Kia organized a panel of experts to evaluate each submission based on marketability, creativity, and feasibility, ultimately selecting 17 winners—including one Grand Prize team and three top winners in each category.

WiPowerOne earned the top award in the Startup category with its proposal for a wireless charging solution for PV5-based delivery trucks and taxis. The company introduced a wireless charging system compatible with both the PV5 Cargo and PV5 Passenger models, receiving high praise for its strong potential as a fully unmanned and wireless charging technology—essential for future PBV-based autonomous and remote-driving operations.

Kia announced that the technologies and ideas identified through this competition will be actively utilized in the development of the broader PBV ecosystem.

Building on this achievement, WiPowerOne plans to further strengthen collaboration with Kia and other global partners, continuing to deliver wireless charging solutions for autonomous mobility.

In October, WiPowerOne’s wireless EV charging system was showcased at the EV Auto Show 2025 held in Riyadh, Saudi Arabia.



EV Auto Show Riyadh is the leading electric vehicle exhibition in the Middle East, held annually. The event covers the entire EV ecosystem—from electric vehicles and charging infrastructure to battery technology and smart mobility solutions. In the 2025, approximately 120 companies from 35 countries participated to present the latest EV and charging technologies.



Electromin, the e-mobility and EV charging arm of Saudi Arabia’s Petromin Group, is a comprehensive smart mobility and new energy solutions provider. The company operates the largest public EV charging network in Saudi Arabia and offers a range of services spanning EV charging infrastructure, commercial and passenger mobility, public transportation, and smart mobility solutions.

The exhibition showcased WiPowerOne’s innovative wireless charging technology alongside Electromin’s EV charging solutions.



WiPowerOne plans to continue expanding the global deployment of its wireless charging solutions in collaboration with international partners.

WiPowerOne participated in the '2025 Daegu International Future Mobility Expo (DIFA 2025)', held from October 22 to 25 at EXCO in Daegu, where the company showcased its latest wireless charging systems for robots and electric vehicles.

WiPowerOne collaborates with PHA and Rainbow Robotics to demonstrate its wireless charging solution for robots integrated into Rainbow Robotics’ Autonomous Mobile Robot(AMR). During the live demonstration, visitors were able to experience how wireless charging technology enables fully unmanned charging.

WiPowerOne’s robot wireless charging system transfers power wirelessly without any physical contact, enabling 24-hour unmanned operation of autonomous robots in factories and logistics centers. This next-generation solution significantly enhances productivity and operational efficiency in industrial environments.

The system also achieves high power transfer efficiency even with wide alignment tolerance and large air gaps, ensuring enhanced system stability while maintaining cost competitiveness.

In addition to robot charging, WiPowerOne also presented its wireless EV charging system, following last year’s successful showcase. The company’s technology is recognized as a key enabler for autonomous vehicle charging infrastructure, particularly for commercial robotaxi fleets, improving operational efficiency and reducing maintenance costs.

Through innovations spanning from robots to electric vehicles, WiPowerOne continues to advance safe, convenient, and intelligent wireless charging solutions, solidifying its position as a leading provider of core infrastructure technology for the next generation of mobility.

WiPowerOne participated in the Delegation Trip as part of the "Startup Autobahn Korea 2024" program and visited Stuttgart, Germany.

The program was conducted by Mercedes-Benz Korea to support Korean startups' global expansion. Participating startups had meetings with investors and partners to enter the European market to explore network construction and cooperation opportunities, and visited the Mercedes-Benz headquarter, the Zindelfingen plant, and the Mercedes-Benz Museum to experience the development of innovative technologies firsthand.

WiPowerOne is one of 13 startups participating in "Startup Autobahn Korea 2024," and has been working with Mercedes-Benz Korea since June for the wireless charging system for electric vehicles PoC, and will continue various activities until Expo Day, which will take place at the end of November.

WiPowerOne introduces an electric vehicle wireless charging system in cooperation with PHA at the "2024 Daegu International Future Auto & Mobility Expo (DIFA)" in Daegu from the Oct. 23rd to the 26th.

 

The "DIFA" is a large-scale mobility exhibition co–organized by the Korea Ministry of Land, infrastructure and Transport, the Ministry of Trade, Industry and Energy and Daegu Metropolitan City. It shows the aspects of eco-friendly and future mobility with more than 190 domestic and foreign companies and institutions participating.

In this exhibition, WiPowerOne, in collaboration with PHA, exhibits the "Wireless EV charging system" with a Hyundai Kona Electric Vehicle. and introduced WiPowerOne's fast and convenient wireless EV charging system. WiPowerOne's increased power density of wireless EV charging system, allowing high-speed wireless charging even in electric passenger cars. It is expected to reduce the downtime when this high-speed wireless EV charging system is applied to autonomous vehicles such as 'Tesla Robotaxi'.

WiPowerOne participated in the NextRise 2024, which was held for two days from June 13th to 14th. At the exhibition, WiPowerOne introduced 'High power wireless EV charging system for a passenger car' to visitors. The 'NextRise' is one of the largest start-up exhibitions in Korea, and it has been hosted by the Korea International Trade Association(KITA) and the KDB Bank since 2019.

 

This year's exhibition featured 1,500 domestic and foreign startups in various fields to introduce their technologies and companies, and through 1:1 Meetup, the main program of the exhibition, 30 corporates and 90 venture capitals(VC) gathered to discuss investment and business opportunities with startups. 

 

WiPowerOne attended the exhibition as a startup recommended by LG Electronics and showcased its "100kW High-Speed Wireless Charging System for Electric passenger car" at the booth. WiPowerOne gained attention from various industry partners and investors.

 

WiPowerOne provides wireless charging systems for various types of electric vehicles such as △ electric buses △ electric trucks △ electric passenger car △ robots. In particular, it targets to lead the era of high-speed wireless charging for a passenger car by developing a technology that can significantly reduce the size and weight of the receiver pad that is attached under the vehicle. 

WiPowerOne completed the installation of Korea's first wireless charging infrastructure for electric delivery trucks at three distribution centers in Korea.

WiPower One installed wireless charging systems for 15 trucks that can charge the vehicle wirelessly within an hour while a worker is loading and unloading cargo to and from a last-mile delivery truck. The transmitter pads are buried under the ground of the workplace, so that space can be used efficiently without disturbing the workflow. Also, it can save time and cost for charging since the vehicle is charged wirelessly while parked during work. Wireless charging infrastructure does not require charging guns or cable maintenance, and does not require a canopy, so it has low maintenance costs and high economic feasibility from a long-term perspective.

Through this project, WiPowerOne hopes that the wireless charging infrastructure for electric trucks will be widely known and applied to logistics and distribution industries to create an eco-friendly delivery environment.