TORONTO, ON / ACCESS Newswire / October 20, 2026 / Quanta AI Inc. (the "Company" or "Quanta") (TSXV:QNTA)(FSE:D4G)(OTC:DTMXF) is pleased to announce contracts with a total value of approximately CAD $300,000 with a gross margin of approximately 65% in the insurance and banking industry.

The contracts includes the implementation of JobMIND, the Company's AI driven solution to enhance customer communication systems, disaster recovery infrastructure implementation, ransomware backup and recovery system enhancements, and enterprise system development.

JobMIND solution is designed to enhance system reliability, improve data protection and recovery capabilities.

The Company received the final payment under the contracts in September 2026.

"We are thrilled to start providing our service in banking and insurance industry. This demonstrates the Company's ongoing business activities in enterprise software implementation, IT systems development, and digital infrastructure enhancement for corporate clients", said Michael Kron, the Company's CEO and Chairman.

About Quanta AI

Quanta AI Inc. is a technology company focused on two complementary business areas: Enterprise technology solutions and Intellectual property monetization.

Through its South Korean subsidiary, Datametrex Korea, the Company provides enterprise technology solutions, including data-centre infrastructure, private cloud and hyperconverged infrastructure, software automation, implementation and managed services. Datametrex Korea has established relationships with major global enterprises and continues to expand its recurring technology and infrastructure services business.

Quanta AI's Intellectual Property division is focused on the acquisition, development, licensing and monetization of technology patents. The Company seeks to identify commercially relevant intellectual property and create value through licensing, strategic partnerships and other monetization opportunities.

Together, these businesses provide Quanta AI with an established enterprise technology platform and a growing intellectual property portfolio, with a strategy focused on recurring revenue, technology commercialization and long-term shareholder value creation.

For Additional Information:

Michael Kron
CEO & Chairman
info@quantaai.ca
(416) 901-5611

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This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

Forward-Looking Statements

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Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

While QuantaAI believes the forward-looking information is reasonable as of the date of this release, these statements involve assumptions, risks, and uncertainties that could cause actual outcomes to differ. Key factors include general economic conditions, legislative and regulatory developments, access to capital, industry competition, and the Company's ability to execute its strategies. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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SOURCE: Quanta AI Inc.