Highlights

• FortifAI has established its inaugural Advisory Board to support the commercial rollout of Nol8 AI Data Plane.

• Former Westpac Group Chief Technology Officer David Walker and MetLife executive Tim Edwards have joined as the first Advisory Board members.

• The appointments are intended to support customer engagement, product development and commercial strategy.

• Each adviser will receive 428,571 performance rights under the existing employee incentive scheme.

FortifAI Limited (ASX:FTI) has announced the formation of its inaugural Advisory Board as the company continues preparing for the commercial launch of its Nol8 AI Data Plane. The newly established board brings together senior technology executives with extensive experience across enterprise technology, digital transformation and infrastructure, with the company stating that the appointments are designed to strengthen its leadership capability as Nol8 progresses towards its first product release with design partners.

Shares of FortifAI were trading at AUD 1.09 during the morning session on 26 June 2026, up 6.03% for the day. Over the past 12 months, the company's share price has gained approximately 1,111.11%, reflecting increased investor interest in its artificial intelligence initiatives and broader technology strategy.

About FortifAI

FortifAI Limited is an Australian Securities Exchange-listed technology company focused on artificial intelligence and advanced computing solutions. Through its subsidiary Nol8, the company is developing the AI Data Plane, a platform designed to govern and deliver data to artificial intelligence agents while enforcing policy controls during data transmission. Alongside its AI operations, FortifAI also maintains a portfolio of video games and continues to explore opportunities where artificial intelligence can improve operational efficiency and support future technology development.

According to the company, Nol8 has been purpose-built to deliver the right data to AI agents at wire speed while applying governance policies inline. The platform is also intended to improve effective graphics processing unit (GPU) utilisation for NeoCloud providers and their customers by recovering otherwise idle computing capacity.

Advisory Board Formed to Support Next Phase of Growth

FortifAI said the newly created Advisory Board has been established to provide strategic guidance as the company advances towards the commercial release of Nol8. The board is expected to assist management in areas including customer engagement, market developments and aligning the company's strategy with commercial objectives.

The company noted that the appointments represent another step in expanding its leadership capability as it prepares for its first commercial deployment with design partners. Management also indicated that further additions to the Advisory Board are planned over the coming months.

Rather than serving as part of the Board of Directors, the Advisory Board will work alongside the executive team, meeting with management regularly while also participating in discussions with FortifAI's Board of Directors twice each year.

Former Westpac Technology Executive Joins Advisory Board

One of the inaugural appointments is David Walker, whose technology career spans almost four decades across software engineering, banking technology, digital transformation and enterprise innovation.

FortifAI highlighted Walker's experience as former Chief Technology Officer at Westpac Banking Corporation and his previous role as an executive director at DBS Bank Singapore. Earlier in his career, he founded an ASEAN-based data science company before later exiting the business and moving into senior technology leadership positions across several major financial institutions, including ANZ Banking Group.

Walker currently leads Activate, a strategic advisory business focused on artificial intelligence-driven business transformation. He also serves as an Adjunct at the University of New South Wales, where he chairs the AI Institute External Advisory Board.

Commenting on the appointment, Walker said the adoption of agentic AI remains in its early stages and believes the need to move the appropriate data to a growing number of AI agents in real time represents an important industry challenge. He said Nol8 is introducing an innovative approach to addressing that requirement and added that he looks forward to contributing his experience in technology adoption to support the company's future development.

Technology Infrastructure Expertise Added Through Tim Edwards

Joining Walker on the Advisory Board is Tim Edwards, who brings more than 25 years of global technology leadership experience across infrastructure engineering, enterprise architecture, service delivery, governance and technology strategy.

FortifAI said Edwards began his career at a technology startup that was later acquired by JD Edwards and Peoplesoft before progressing into senior technology infrastructure positions. His previous roles have included Senior Vice President at Bank of America and Executive Director of Infrastructure at Ally.

He currently serves as Head of Global Network and Hosting at MetLife, where he oversees mission-critical technology platforms supporting the company's global operations.

Throughout his career, Edwards has been involved in designing and delivering enterprise-scale technology environments, with expertise covering cloud infrastructure, hosting platforms, automation, governance, product management and technology transformation.

In his comments accompanying the announcement, Edwards said his experience as both a technology supplier and buyer has enabled him to recognise the market opportunity Nol8 is seeking to address. He added that he looks forward to supporting the company as it works to establish its position within the evolving artificial intelligence infrastructure landscape.

Leadership Expansion Supports Commercial Readiness

FortifAI said the establishment of the Advisory Board forms part of its broader leadership expansion as the company prepares for commercialisation.

Chief Executive Officer of Nol8, Kelly Herrell, said securing executives with the backgrounds of Walker and Edwards reflects the opportunity the company believes exists for Nol8. According to Herrell, the appointments are expected to contribute to product innovation, customer adoption and the company's longer-term growth strategy.

The company also confirmed that additional Advisory Board members are expected to be appointed over the coming months, further expanding the range of commercial and industry expertise available to management.

Performance Rights Form Part of Appointment Terms

FortifAI disclosed the key terms supporting the appointments in Annexure A of the announcement.

Under the existing employee incentive scheme, both David Walker and Tim Edwards, or their respective nominees, will each receive 428,571 performance rights, structured as Restricted Stock Units (RSUs).

The performance rights will vest in equal tranches every six months, while both appointments have been agreed for an initial term of two years.

According to the company, the Advisory Board will focus on providing guidance across customer engagement, monitoring market developments and ensuring the company's commercial strategy remains aligned with broader business objectives.

Nol8 Remains Central to FortifAI's AI Strategy

The latest announcement reinforces FortifAI's continued focus on advancing Nol8 ahead of commercial release.

The company has positioned Nol8 as an AI Data Plane designed specifically for artificial intelligence environments where large volumes of data must be delivered to AI agents while maintaining governance and policy enforcement. FortifAI believes the platform can improve effective GPU utilisation for NeoCloud providers by recovering idle computing resources.

The appointment of experienced enterprise technology executives comes as the company continues building the organisational capabilities required for the planned rollout of the platform with design partners.

What This Means for Investors

FortifAI's latest announcement centres on strengthening its leadership and commercial advisory capability as Nol8 approaches its planned market release. The creation of an Advisory Board introduces additional expertise across enterprise technology, financial services, infrastructure and digital transformation, while management has indicated that further appointments are expected in the coming months. The update also outlines the governance structure supporting the Advisory Board together with the incentive arrangements attached to the inaugural appointments.