Advisory Board brings together leading innovators in Solana, blockchain, DeFi, and traditional finance to support Forward Industries' Solana treasury strategy

Forward Industries, Inc. (NASDAQ:FORD) (the "Company" or "Forward Industries"), the leading Solana treasury company, today announced the formation of a Crypto Advisory Board (the "Advisory Board") and the appointment of 25 inaugural members with significant experience spanning the Solana ecosystem, digital assets, capital markets, and financial services. The Advisory Board will provide strategic counsel and oversight as Forward Industries advances its Solana-focused digital asset treasury strategy and broader blockchain initiatives.

The inaugural members of the Crypto Advisory Board are :

Amir Haleem – Founder, Helium and CEO, Nova Labs
Armani Ferrante – Founder and CEO, Backpack
Ariel Seidman – Founder, Hivemapper and Co-Founder & CEO, Bee Maps
Austin Federa – Co-Founder, Double Zero Foundation
Brian Long – Co-Founder, Triton One
Chris Osborn – Founder, Dialect Labs
Cindy Leow – Co-Founder, Drift Labs
Guy Young – Founder, Ethena Labs
Harry Austin – Managing Director, Blockchain Infrastructure, Galaxy
Lucas Bruder – Co-Founder and CEO, Jito Labs
MacBrennan Peet – Founder, Project0 and Co-Founder, marginFi
Matty Taylor – Co-Founder and General Partner, Colosseum
Marius Ciubotariu – Co-Founder, Kamino
Michael Marcantonio – Head of DeFi, Galaxy
Mike Hornton – Project Creator, Geodnet
Nitesh Nath – Founder, DFlow
Richard Wu – Co-Founder and CTO, Tensor
Robert Leshner – CEO, Superstate
Stepan Simkin – CEO, Squads
Stephen Hess – Founder and Director, Metaplex Foundation
Tarun Chitra – Founder and CEO, Gauntlet
Thomas Lefort – Co-Founder, Exponent Finance
Thomas Young – Head of Credit, Exponent Financial
Todd Wiesel – Founder and CEO, Baxus
Vidor Gencel – Co-Founder, SolFlare Wallet

"Establishing a dedicated Crypto Advisory Board is an important milestone as Forward Industries executes on its strategy to bring the value of the Solana ecosystem to investors," said Kyle Samani, Chairman of the Board of Directors of Forward Industries. "The caliber of leaders joining the Advisory Board reflects growing conviction in Solana within global capital markets. The Advisory Board members bring tremendous experience and their insights will help Forward Industries as we grow SOL per share, leverage the differentiators of the Solana ecosystem to bring value to shareholders, and reinforce Forward Industries' role at the center of this transformation."

Forward Industries may further expand the Advisory Board to bring on additional leaders from across the blockchain, technology, and finance communities.

Reaffirming Forward Industries' Leadership Team to Drive Next Phase of Growth

Forward Industries also reaffirmed the strength and alignment of its management and governance team, underscoring the company's commitment to growth as it continues to build the world's largest Solana Treasury Company.

The Company's leadership is guided by Chairman Kyle Samani, whose strategic vision has been central to defining Forward Industries' Solana-focused treasury strategy. Supporting the Company's governance are Board Observers Chris Ferraro and Saurabh Sharma, who bring deep expertise in financial management, digital assets, and capital markets.

"Forward Industries' leadership remains fully aligned in executing our strategy and advancing our position as the leading Solana treasury company," said Mr. Samani. "Our management team, board of directors and new Advisory Board together bring the strategic discipline, market insight, and conviction necessary to guide Forward Industries through its next phase of growth."

About Forward Industries, Inc.

Forward Industries, Inc. (NASDAQ:FORD) is a global design company serving top tier medical and technology companies. For over 60 years the company has been successful in developing and producing a portfolio of outstanding products for some of the world's leading companies and brands. In September 2025, Forward Industries initiated a Solana treasury strategy dedicated to acquiring SOL and increasing SOL-per-share through bespoke strategies and active management of the company's treasury. The Company's Solana treasury strategy is supported by industry leading investors and operating partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital. For more information on the Company's Solana treasury strategy, visit sol.forwardindustries.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251021516941/en/

Media

Carissa Felger / Sam Cohen

Gasthalter & Co.

(212) 257-4170

Forward@gasthalter.com

Investor Relations Contact

Sean Mansouri, CFA / Aaron D'Souza

Elevate IR

(720) 330-2829

ir@forwardindustries.com

Forward Industries Establishes Crypto Advisory Board and Welcomes 25 Inaugural Members