MDWerks unit RF Specialties signs LOI with Rex Lumber for wood-products RF technology joint venture

• MDWerks disclosed a signed, non-binding LOI for RF Specialties to form a joint venture with Rex Lumber to commercialize radio frequency lumber technologies.
• Term sheet calls for 51% ownership for RF Specialties, 49% for Rex Lumber, with definitive agreements still to be negotiated.
• Rex Lumber to provide sales and deployment support, backed by a multi-million-dollar initial capital investment for manufacturing and commercialization.
• RF Specialties to contribute radio frequency IP and an exclusive lumber license, led from its Mills River, North Carolina facility.
• LOI includes a potential Rex Lumber designee to the MDWerks board, subject to approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mdwerks Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-035733), on August 03, 2026, and is solely responsible for the information contained therein.