ROCK HILL, S.C. On October 1, 2026 ( GLOBE NEWSWIRE ) – Autonomous Power Corporation, dba Powerus (" Powerus "), and Aureus Greenway Holdings Inc. (Nasdaq ticker: PUSA, " AGH ") today announced that the merger previously announced by both parties has been completed and will take effect from October 1, 2026.

Powerus has been merged into a newly established subsidiary of AGH. Powerus continues to exist as the surviving entity, and AGH has been renamed Powerus Corporation. After the merger, the company's shares continued to trade on the NASDAQ capital market under the code PUSA. AGH had already been using this code in preparation for this merger, and there was no change to the code after the transaction was completed.

“When we agreed to merge with Powerus, the situation was simple: it’s an independent systems company based in the United States that was already producing and selling its products,” said Matthew Saker, the former interim CEO of AGH. “Today, this company has gone public. That’s the purpose of this transaction.”

Powerus CEO Andrew Fox stated: "Completing this transaction enables Powerus to continue building on the scale required by our customers. On October 1st, our focus remains the same; the work is still the same work."

Powerus, co-founder with Brett Vel, said regarding token issuance: "For most of my career, I have been among those who rely on such devices on the front lines. This is the standard we adhere to, and the company's listing will not change that."

Powerus Recent Progress

With this merger completed, following a series of developments previously disclosed by Powerus,

• According to Powerus, a purchase order from a major defense contractor to the U.S. Department of War amounts to approximately $2.5 million. The order includes 1,500 FPV aircraft manufactured in the United States, as well as flight gloves and spare parts kits. The company previously disclosed that this order does not guarantee future orders, ongoing customer relationships, or a position in the project's deployment.
• The U.S. Air Force awarded a contract to Guardian-2 for anti-drone interceptors under a competitive bidding process that allows for indefinite delivery and an indefinite quantity of units (IDIQ). The maximum value of the contract could reach up to $90 million, with a term lasting until mid-2028. The IDIQ contract only specifies a maximum amount; the actual amount awarded by the government may be significantly lower than this limit.
• After a successful demonstration, the United States Air Force placed a limited purchase order for the Guardian-2 Interceptor system. The company previously disclosed that this order does not guarantee future orders, ongoing customer relationships, or a position in project deployments.
• After completing the second phase of on-site assessment, we proceed to the third phase of the xTech Adaptive Strike Competition program with the United States Army. Participating in the award competition does not constitute a procurement contract or a commitment to purchase.
• Powerus launched the agricultural sector and, according to Powerus, signed a $60 million distribution agreement between Australia and New Zealand. This includes an exclusive agency and distribution agreement with Aerospread Technologies Limited in Napier, New Zealand, as well as establishing a partnership with Sprig Aerospace in the United States. The distribution agreement establishes sales arrangements but does not represent a definite commitment to purchase.
• Unusual Machines, Inc. (New York Stock Exchange American Market: UMAC) made a strategic equity investment of an alleged amount of $30 million in Powerus, further deepening the existing supply and manufacturing relationship between the two parties.
• According to Powerus, the company placed an order worth over 5 million US dollars with Unusual Machines for anti-drone systems and related drone platform components that are manufactured in the United States and meet the requirements of NDAA. This purchase is for Powerus and does not represent income for Powerus.
• The company signed a memorandum of understanding with drone software companies Swarmer and Inc (Nasdaq codes: SWMR) to explore the technical and operational feasibility of integrating Swarmer's swarm and collaborative software with Powerus's autonomous system architecture. This collaboration is still in the exploratory stage; the memorandum of understanding is not a final agreement, and it may not lead to a formal contract.
• Through years of collaboration with a regional defense manufacturer, a specialized Guardian anti-drone manufacturing facility has been established in the United Arab Emirates. This arrangement does not guarantee any specific output, sales volume, or a continuous relationship with partners in that region.
• The U.S. Department of War has designated the company as an industry participant supporting Falcon Peak 26.2. This project is an anti-drone system experiment conducted by the U.S. Northern Command and the Joint Interagency Working Group 401 at the Yuma Proving Ground. Being an industry participant in the experiment does not constitute a procurement contract or a commitment to purchase.
• The Ministry of Defence of the Islamic Republic of Pakistan has issued a limited procurement order for drone systems and related support, and signed a strategic memorandum of understanding with senior Pakistani defense officials. No other terms of the order have been disclosed, and this memorandum of understanding is not a final agreement; it may not lead to a formal treaty.

About Powerus

Powerus (formerly Autonomous Power Corporation) creates and expands a unified autonomous system aimed at moving, protecting, and maintaining critical assets in high-risk environments. Its capabilities include overloaded platforms, autonomous aerial systems, autonomous maritime systems, mission systems, training and support, as well as manufacturing in the United States. Powerus completed the merger with AGH announced earlier on October 1, 2026. For more information, please visit power.us.

Forward-looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of phrases such as “may”, “will”, “should”, “targets”, “plans”, “intends”, “goal”, “anticipates”, “expects”, “believes”, “potential”, “continue”, or their negative forms, or other similar expressions. These statements are based on current expectations and assumptions and are subject to risks and uncertainties, and actual results may differ significantly from them. All forward-looking statements are subject to risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those stated or implied in these statements.

Regarding the business merger of Powerus and AGH, these statements include but are not limited to: the expected benefits of the merger; future financial and operational results; the plans, objectives, expectations, and intentions of either company after the merger or of the merged company; the expected future results of either company after the merger; as well as the expected benefits of the merger and the strategic and financial rationale, among other statements that are not historical facts.

Regarding the progress previously disclosed in this press release, the relevant factors include but are not limited to: (1) The U.S. Air Force IDIQ contract only sets an upper limit, and orders are issued at the discretion of the government; actual orders may be significantly lower than the upper limit or may not be issued at all. The contract can also be terminated for convenience, due to funding conditions, or changes in task orders; (2) The previously disclosed limited purchase orders do not guarantee future orders, ongoing customer relationships, or project deployment status; (3) Promotions in xTech and Adaptive Strike Competition do not constitute purchase contracts and may not result in any grants or purchases; (4) The distribution agreements signed with the agricultural department for Aerospread Technologies Limited and Sprig Aerospace are sales arrangements, not definite purchase commitments. The stated values may not be realized in full or at all, and realization depends on end-user demand, regulatory approval, and the performance of counterparties; (5) Required export licenses, authorizations, or other government approvals may be delayed, denied, or subject to additional conditions; (6) The memorandums of understanding with Swarmer and Pakistani defense officials may not lead to final agreements or generate any commercial benefits; (7) The manufacturing arrangements in the UAE do not guarantee any specific output, sales volume, or ongoing relationships with regional partners; (8) Being designated as a Falcon Peak industry participant does not constitute a purchase contract or commitment to purchase; (9) Other operational uncertainties unique to Powerus, including risks related to capacity expansion, subsidiary integration, and dependence on third-party suppliers and government customers.

Does not constitute an offer or solicitation

This document is for informational purposes only and does not constitute or intend to constitute an offer or solicitation to buy or sell any securities, nor does it constitute any solicitation for voting or approval. No securities may be sold in any jurisdiction where such sale would be illegal prior to registration or qualification under securities laws. No securities issuance may take place unless through a prospectus that complies with the requirements of Section 10 of the revised U.S. Securities Act of 1933.

Important Information and Ways to Obtain It

In regards to this transaction, AGH has submitted a registration statement Form S to the U.S. Securities and Exchange Commission (SEC), which includes an information statement prospectus for AGH. Investors and security holders are advised to read this registration statement (as well as any other documents SEC related to this transaction or incorporated by reference into the registration statement), as these documents contain important information regarding the transaction and related matters. Investors and security holders can obtain these documents free of charge, as well as other documents submitted by AGH to SEC, through the SEC website http :// www.sec.gov, the AGH website https :// www.aureusgreenway.com / secfilings, or the Powerus website https :// www.power.us.

Contact Information

Powerus Investor Relations

Powerus Press Contact