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F.R.I.D.A.Y Planned Maintenance System Receives ClassNK Approval, Advancing Maritime Digitalization

1. iO3's F.R.I.D.A.Y PMS received ClassNK approval for maritime operational efficiency. 2. Cloud-driven PMS simplifies maintenance and enhances information sharing between vessels. 3. The software features carbon reporting for compliance with environmental regulations. 4. iO3 positions itself as a leader in maritime digitalization and innovation. 5. The modular design allows flexible deployment, enhancing asset reliability.

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FAQ

Why Bullish?

ClassNK's approval could increase market confidence in iO3's technology, similar to software accreditation boosts in tech companies. Historical examples include significant price jumps for tech firms post-certification.

How important is it?

The ClassNK approval supports iO3's strategic vision and market positioning, significantly enhancing perceived credibility and growth potential.

Why Long Term?

The long-term potential of iO3's solutions aligns with ongoing maritime digital transformation trends and regulatory shifts, positioning iO3 favorably for sustained growth.

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SINGAPORE, April 27, 2025 (GLOBE NEWSWIRE) -- iOThree Limited ("iO3" or the "Company") (NASDAQ: IOTR), a leading provider of maritime digital technologies including satellite connectivity and digitalization solutions in Singapore with a focus on facilitating the maritime industry towards digital transformation, today announced that its F.R.I.D.A.Y Planned Maintenance System (PMS) has received class approval from ClassNK, a leading classification society renowned for its stringent maritime standards. This certifies that the software has been approved in accordance with the functional requirements for PMS software in ClassNK’s “Guidance for the Survey and Construction of Steel Ships.” “F.R.I.D.A.Y PMS has met the necessary criteria required for class approval,” said Masaki Matsunaga, Executive Vice President at ClassNK. “We recognize that PMS software can contribute to reducing crew workload, and especially cloud-driven PMS software has the potential to facilitate information sharing between ship and shore operations. ClassNK will continue ensuring innovative technologies meet standards, supporting the industry’s effort to enhance sustainable shipping." F.R.I.D.A.Y PMS is a cloud-driven, next-generation solution designed to transform how maritime companies digitize maintenance workflows, reduce operational friction, and enhance fleet-wide efficiency. Unlike traditional maintenance systems, it provides shipowners with a lightweight, scalable, and flexible platform that helps track and manage the vessel's maintenance requirements, seamlessly working alongside the existing vessel infrastructure. Additionally, it features a carbon reporting module that enables shipowners to monitor and manage emissions data, supporting compliance with evolving environmental regulations and sustainability goals. “With ClassNK’s approval, this milestone underscores our vision of revolutionizing maritime digitalization,” said Darryl See, Chief Technology Officer at iO3. “F.R.I.D.A.Y PMS goes beyond compliance—it empowers shipowners with a cloud-first, future-ready system that simplifies maintenance, enhances operational agility, and optimizes long-term asset reliability.” As a core component of iO3’s cloud-native maritime ERP suite, F.R.I.D.A.Y PMS moves beyond conventional solutions. Unlike legacy systems that require heavy on-premise infrastructure, the modular and lightweight architecture enables seamless deployment across fleets of any size. By offering cloud scalability, shipowners can access critical data anytime, anywhere without the burden of maintaining extensive IT infrastructure. Its flexible, modular design ensures real-time updates and adaptability to evolving operational needs. This milestone cements iO3’s role as a driving force in next-generation maritime digitalization, delivering a future-proof solution that enhances operational efficiency, resilience, and compliance. ABOUT ClassNK Established in 1899, ClassNK is a classification society dedicated to safety and environmental protection through third-party certification. ClassNK has conducted diverse technical services including surveys and classifications of ships and marine structures based on its own rules, international conventions on behalf of more than 100 flag states, management system certifications in line with ISO and other industry standards. ClassNK has committed to provide the industry with its full support to pave the way for digitalization and decarbonization challenges through the expanding certification service and R&D with industry partners. For more information, visit www.classnk.com ABOUT iOThree Limited iO3 is a leading provider of maritime digital technologies, offering a comprehensive range of solutions and services to optimize vessel operations, enhance safety, and improve overall efficiency. With a commitment to driving digital innovation in the maritime industry, iO3 empowers shipowners to adapt to evolving market demands and embrace the benefits of advanced technologies. For further information, visit www.io3.sg and https://www.linkedin.com/company/io3-pte-ltd Contact for media enquiries: Joanna SohChief Commercial OfficeriOThree LimitedE: marketing@io3.sg/ js@io3.sg M: +65 9672 2760

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