Proposed transaction combines PRF’s DeepSolar/GridFeed™ renewable energy forecasting and storage optimization platform with Dotz’s AI-driven energy management technologies, creating an expanded offering across energy consumption, generation and trading Dotz to launch GridFeed in the market under an exclusive license and acquire the platform for US$1.0 million , with PRF taking an equity position in Dotz TEL AVIV, Israel , Nov. 03, 2026 (GLOBE NEWSWIRE) -- PRF Technologies Ltd. (Nasdaq: PRFX) (“PRF” or the “Company”) today announced that it has signed a non-binding term sheet with Dotz Nano Limited (ASX: DTZ) (“Dotz”) for a strategic collaboration aimed at expanding Dotz’s presence in the rapidly evolving AI-driven energy optimization market. PRF believes the collaboration marks the next stage of growth for GridFeed™, which has matured to the point where it is ready to be taken to market by a dedicated commercialization partner. The proposed transaction would combine PRF’s GridFeed™ AI platform, which provides advanced renewable energy generation forecasting, battery storage optimization and electricity market trading intelligence, with Dotz Energy’s existing AI-driven energy optimization technologies for commercial and industrial energy consumers. Dotz would commercialize and ultimately acquire PRF’s DeepSolar/GridFeed™ AI energy platform for US$1.0 million , and the parties are working toward definitive agreements. Dotz would launch GridFeed in the market under an exclusive license from PRF, and PRF would take an equity position in Dotz through a US$250,000 participation in Dotz’s recently announced A$2.0 million placement. Dotz is a climate-technology company listed on the Australian Securities Exchange with operations in Israel , which is commercializing technologies designed to reduce energy consumption. Its Dotz Energy business focuses on AI-driven energy optimization, managed energy infrastructure and related software applications. Strategic Rationale Since acquiring the DeepSolar business in March 2025 , PRF’s team has developed it into GridFeed™, an AI-driven platform for renewable energy forecasting, battery storage optimization and electricity market trading. During 2026, the GridFeed engine was validated using real-world European utility-scale production, weather and market data, the platform was extended into battery energy storage, and DeepSolar was accepted into the NVIDIA Connect program. In September, PRF announced plans to establish GridFeed as a standalone subsidiary to pursue strategic transactions, and the agreement with Dotz is the result of that process. The strategic opportunity extends beyond the commercialization of an additional software platform. The proposed collaboration brings together two complementary areas of energy technology that address different but interconnected parts of the energy value chain. Dotz Energy’s ChillerAI platform focuses on optimizing energy consumption, helping large commercial and industrial facilities reduce electricity costs through AI-driven management of their cooling infrastructure. GridFeed addresses the supply side of the equation, providing intelligence to forecast renewable energy generation, optimize battery storage utilization and support decisions regarding electricity market participation. The combination has the potential to expand Dotz Energy’s capabilities beyond individual building-level energy optimization into a broader energy intelligence offering, connecting consumption management with renewable energy generation, storage and electricity market optimization. Importantly, these technologies address an increasingly interconnected energy environment in which the ability to optimize not only how energy is consumed, but also when and how it is generated, stored and traded, can create additional opportunities for efficiency and economic value. The collaboration could also create opportunities to leverage Dotz’s existing commercial relationships and market presence to accelerate the introduction of GridFeed to potential customers, while providing Dotz with access to additional technology capabilities and specialized expertise in renewable energy and electricity markets. PRF believes that collaborating with Dotz will allow GridFeed to benefit from Dotz’s experience in energy technology and its commercialization capabilities. Dotz is advancing ChillerAI commercially, including a memorandum of understanding with Thanos Hotels covering three luxury hotels in Cyprus and a signed pilot arrangement with MyMall in Limassol. From closing, Dotz would employ the GridFeed team and fund the platform’s operations, and through its equity position, PRF would participate in any value Dotz creates as it commercializes the combined technology. Efraim Cohen-Arazi , Interim Chief Executive Officer of PRF Technologies , commented, “Our team has developed GridFeed into a validated AI energy platform, and this agreement marks the next stage of its growth. Dotz br