Fort Technology Inc. has signed a letter of intent to invest in and partner with Logia USA Inc., a provider of automated
Fort Technology Inc., which trades on Nasdaq under the ticker FRTT and on the TSX Venture Exchange under FORT, announced on June 24, 2026 that it has signed a non-binding letter of intent with Logia USA Inc., a private company owned by Yair Harel, the founder of Logia Israel Ltd. Logia Israel is a pioneering provider of automated fuel maintenance and integrity systems for standby power generation equipment, with systems currently deployed by leading companies in Israel.
Under the proposed terms, Fort has offered to acquire 50.1% of Logia USA and extend a credit facility of up to USD$2 million, with potential for an additional USD$5 million available at Fort's discretion, to support U.S. growth, product development, and market expansion. The structure includes performance-based equity compensation in the form of Fort shares to the founder of Logia USA based on company performance. The letter of intent also allows for equity rebalancing contingent on achieving certain milestones, which could result in the founder holding up to 85% of Logia USA and Fort holding 15% if all targets are met within three years of signing definitive agreements.
The deal is framed around a critical infrastructure challenge. Since 2009, the shift to ultra-low sulfur fuels has altered the risk profile of standby power systems. Modern fuel degrades faster, absorbs water more readily, and creates conditions for bacterial growth while sitting undetected in storage tanks. According to the announcement, 75 percent of emergency engine failures trace back to contaminated fuel rather than hardware failure. For data centers, fuel contamination represents not merely a maintenance issue but an uptime risk. Every generator failure creates a gap in the multi-million-dollar resilience infrastructure supporting the digital economy and AI revolution. The global data center market is projected to grow from USD$300 billion in 2026 to approximately USD$700 billion by 2034, making fuel integrity increasingly mission critical.
Logia's automated fuel integrity systems deliver continuous, real-time monitoring and filtration to ensure fuel meets ASTM D975 standards, preserving fuel quality for extended periods while minimizing maintenance costs and guaranteeing reliable generator performance during power outages. Following completion of the proposed transactions, the parties intend to expand these capabilities into the United States and additional markets with a primary focus on the data center sector.
The transaction remains subject to further evaluation, negotiation and execution of a definitive agreement, approval from the TSX Venture Exchange, completion of final due diligence, and satisfaction of customary closing conditions. There is no assurance the evaluation will result in a definitive agreement or any commercial arrangement between the parties or receive TSX Venture Exchange approval.
In separate news, Fort announced the appointment of Avishay Rashuk as Chief Financial Officer, effective June 8, 2026, the date of the company's Nasdaq listing.