Houston, TX, January 8, 2026 - Otovo, a leading home energy service provider,
today announced it has entered into a definitive agreement to acquire Solar
Service Professionals Inc. (SSP), a leading solar service provider based in
California. The acquisition of SSP, scheduled to close in early January, marks
Otovo's strategic entry into America's largest residential solar + storage
market, California.

Founded in 2017, SSP has built a specialized solar service business with a
strong installed customer base of 38,000 customers since it was founded in 2017.
SSP will be integrated into Otovo's growing service business, expanding its
presence in the U.S. to California, through an established and popular service
provider. Otovo will work to convert the existing California base of SSP
customers to its subscription service, with the expectation that this initiative
will be accretive to net income in 2026.

"This strategic acquisition represents a pivotal moment for Otovo's U.S.
expansion, launching our innovative AI-based energy service in California and
potentially other markets thereafter, and establishing a foundation for
significant growth in 2026," said William J. (John) Berger, CEO of Otovo. "SSP's
established operations in California provide Otovo with an immediate footprint
in the country's largest solar market. By combining SSP's stellar 5-Star
reputation for service with our AI-native EnduranceTM platform, we are creating
an unparalleled high-quality rapid-response service offering that we expect will
grow quickly in California."

"Joining forces with Otovo opens an exciting new chapter for our team and the
thousands of homeowners we serve," said Manny Hernandez, Owner and CEO of Solar
Service Professionals. "We are incredibly proud of the trusted reputation we've
built over the years, and by integrating with Otovo's cutting-edge EnduranceTM
platform, we can take that service experience to the next level. This
partnership not only secures a bright future for our employees but ensures our
customers will benefit from faster response times and smarter energy
management."
 
Otovo has acquired Solar Service Professionals

Otovo's all-in-one power partner model unites retail electricity, energy service
(operations and maintenance), and grid trading through a cloud-connected Virtual
Power Plant, giving customers power they can count on and service they can
trust. Its 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. 

The transaction is subject to standard closing conditions, including completion
of due diligence and no material adverse changes. No regulatory approvals or
third-party consents are required for the transaction.

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