The financing follows a manufacturing milestone with Prysmian: The highest-density hollow-core fiber cable produced by the companies to date, built on Relativity Networks’ ChronoCore™ technology.

ORLANDO, Fla., Aug. 19, 2026 /PRNewswire/ — Relativity Networks, the company defining the networking layer for distributed AI, today announced a set of financial, technical, and commercial milestones that mark its emergence as a commercial supplier of AI infrastructure.

The company raised a $22 million SAFE investment (a simple agreement for future equity), more than double its target, in a round drawn by new investors including Rhapsody Venture Partners, Bell Ventures Inc., and Faster Than Glass LLC.

Relativity Networks also secured a $40 million follow-on order from a leading hyperscaler after the customer successfully tested Relativity Networks’ ChronoCore™ advanced optical networking technology linking two data centers.

In a joint project with Prysmian, the global leader in fiber production, Relativity Networks produced its highest-density hollow-core fiber cable to date: 24 fibers in a single 10-millimeter cable. In testing with Dura-Line, the cable was installed reliably in standard microducts, confirming the high-density cable’s readiness for real-world deployment.

The cable provides 24 low-latency pathways to connect AI data centers over greater distances than conventional glass fiber allows. That reach is increasingly decisive for hyperscalers, whose primary constraint is no longer computing capacity but access to electrical power.

As AI infrastructure expands beyond individual campuses in search of available power, geography is becoming a first-order constraint on AI scaling. Relativity Networks calls this shift the AI Geography Era. Connecting distributed compute across greater distances introduces an unavoidable latency penalty — the Propagation Tax — that cannot be eliminated by switches, software, or protocols.

“AI is no longer scaling inside a data center. It is scaling across geography”  said Jason Eichenholz, founder and CEO of Relativity Networks. “The next great AI infrastructure challenge is making thousands of distributed GPUs behave like one machine, even when the power they depend on is miles apart. ChronoCore™ is purpose built for that world, giving hyperscalers the low-latency connectivity needed to scale AI wherever power is available.”

ChronoCore™ hollow core fiber is produced at Prysmian’s facility in Eindhoven, the Netherlands, and cabled at Prysmian’s plant in Claremont, North Carolina. Couplers, fiber characterization, installation training are performed in Orlando Florida.

“Relativity Networks changes where AI infrastructure can be built,” said Carsten Boers, Managing Partner at Rhapsody Venture Partners. “Power availability is the key constraint on data center placement. ChronoCore carries light roughly 47% faster than solid-core glass fibers, so distributed sites can sit that much farther apart within the same latency budget – more than doubling the area an operator can build in. It’s deployed today, validated with partners like Prysmian, and the order book is well ahead of our expectations. We’re thrilled.”

“As AI continues to reshape the digital economy, new approaches to infrastructure will be needed to support growing performance, scale and connectivity requirements,” said Martin Cossette, Head of Bell Ventures. “Investing in innovative companies helping address these challenges is an important part of Bell Ventures’ strategy. Relativity Networks has assembled a strong team and a bold vision for the future of AI infrastructure, and we are pleased to support the company’s next stage of growth.”

These milestones coincide with the release of a new Relativity Networks white paper, The AI Geography Era, which examines the architectural shift taking place as AI infrastructure expands across geographically distributed campuses in search of available power. The paper introduces the Propagation Tax, the unavoidable latency cost of distance, and explores why geography has become a first-order design constraint for the next generation of AI infrastructure. Read the full white paper here.

About Relativity Networks

Relativity Networks builds the advanced optical networking technology that distributed AI depends on. At its core is the company’s patented ChronoCore™ hollow core fiber. ChronoCore™ guides light through an air core far closer to the speed of light in a vacuum — roughly 47 percent faster than with  conventional glass — so data travels faster and farther with no loss of network performance. Hyperscalers use ChronoCore™ to site AI data centers closer to available power and to connect separated campuses while meeting exacting data-transmission latency requirements. ChronoCore™ integrates with existing infrastructure, creating immediate expansion options for distributed AI. Learn more at www.relativitynetworks.ai.

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SOURCE Relativity Networks

Connector enables enterprise teams to retrieve and manage credentials at runtime within Azure Logic Apps and Power Automate, eliminating hardcoded secrets from automated workflows

CHICAGO, Aug. 19, 2026 /PRNewswire/ — Keeper Security, the leading zero-trust and zero-knowledge identity security platform, today announces the availability of a certified connector integrating Keeper Secrets Manager with Microsoft Azure Logic Apps. The connector, now published on the Microsoft Power Platform marketplace, enables enterprise teams to create and retrieve credentials at runtime directly within automated workflows without ever hardcoding sensitive values in flows.

As organizations scale workflow automation across cloud environments, secrets management has become a critical, and frequently overlooked, gap. Hardcoded credentials in automation scripts and workflows represent one of the most persistent and exploitable vulnerabilities in enterprise environments. The Keeper Secrets Manager connector for Azure Logic Apps addresses this directly, giving teams a zero-knowledge, policy-enforced path to secrets management inside Microsoft Power Platform.

“Workflow automation is only as secure as the secrets powering it, and most organizations are still hardcoding those secrets which creates massive cyber risk,” said Darren Guccione, CEO and Co-founder of Keeper Security. “This connector eliminates that exposure by bringing Keeper’s zero-knowledge architecture directly into the Microsoft automation layer: secrets stay encrypted in the vault and are retrieved only at the moment they are needed, so there is nothing hardcoded to steal.”

The connector operates through a lightweight Python middleware service deployed as an Azure Function App, communicating with the Keeper Vault via the Keeper Secrets Manager SDK. All secrets remain encrypted under Keeper’s zero-knowledge security architecture and are decrypted locally within the customer’s Azure environment – never transmitted in plaintext through Keeper’s infrastructure.

“The architecture here reflects a principle Keeper holds across the entire platform,” said Craig Lurey, CTO and Co-founder of Keeper Security. “Secrets should be decrypted as close to the workload as possible and only when needed. The Azure Function middleware gives customers a deployment model where the Keeper SDK runs inside their own Azure environment, their own key management handles the configuration and plaintext credentials are never in motion across a network boundary they do not control.”

Key capabilities of the Keeper Secrets Manager Connector for Azure Logic Apps

Certified connector: Integrates natively in the Logic App Designer with no custom import required for standard deployments.Runtime secrets retrieval: Fetches credentials on demand within any Logic App flow without storing them in the workflow definition.One-click deployment: Provisions all required infrastructure – including the Azure Function App, Key Vault and Managed Identity – in minutes using an Azure Resource Manager (ARM) template.Dynamic dropdowns: Auto-populates secret and folder pickers in the Logic App designer, reducing configuration error and accelerating deployment.Credential creation: Provisions secrets directly from automated workflows, supporting employee onboarding and scheduled compliance audits.

The connector supports five operations, including List Secrets, Get Secret, Create Secret, Update Secret and List Folders, covering workflows from API credential injection and database connection string retrieval to GitHub secret synchronization and vault compliance auditing.

The Keeper Secrets Manager connector for Azure Logic Apps is available now. Full documentation, the middleware repository and deployment instructions are available at docs.keeper.io.

About Keeper Security
Keeper Security is the leading zero-trust and zero-knowledge identity security solution, trusted by millions of people and thousands of organizations globally. KeeperPAM® is Keeper’s privileged access management platform that unifies password and passkey management, secrets management, privileged session management and endpoint privilege management in a single cloud-native platform, protected with quantum-resistant encryption. KeeperAI delivers real-time, AI-native threat detection across every privileged session. As AI agents proliferate and identity becomes the defining attack surface, Keeper governs access for humans, machines, non-human identities and AI agents, serving as the unified control plane for access, compliance and visibility across the enterprise. For more information, visit KeeperSecurity.com.

Learn more: KeeperSecurity.com
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Media Contact
Katherine Benfield
ICR for Keeper Security
KeeperSecurity@icrinc.com 

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SOURCE Keeper Security

First-Half Revenue Annualizes to $414 Million, Equivalent to $41.18 in Annualized Revenue Per Share, as IQSTEL Continues Building Scale and Expanding Higher-Margin Digital Services

IQSTEL’s $17.2 Million in Stockholders’ Equity Stands More Than 50% Above the Company’s Current Market Capitalization, Highlighting a Significant Gap Between Book Value and Public-Market Valuation

NEW YORK, Aug. 19, 2026 /PRNewswire/ — IQSTEL Inc. (NASDAQ: IQST) (“IQSTEL” or the “Company”), a global telecommunications and technology company, today reported its financial results for the six months ended June 30, 2026, delivering strong year-over-year revenue growth, higher gross profit, and a solid balance sheet as the Company continues executing its strategy to build a global technology platform combining telecommunications scale with higher-margin digital services.

First-Half 2026 Financial Highlights

IQSTEL generated $207 million in revenue during the first six months of 2026, compared with approximately $130 million during the same period in 2025, representing growth of approximately 59% year-over-year.

Gross profit increased to approximately $4.8 million, compared with approximately $3.8 million during the first half of 2025, an increase of approximately 26% year-over-year.

The first-half performance builds on IQSTEL’s strong first quarter, when the Company reported $97.9 million in revenue, up 69.9% year-over-year.

IQSTEL generated approximately $109 million in revenue during the second quarter alone as the Company advances toward its previously announced 2026 revenue objective.

A $414 Million Annualized Revenue Business Based on First-Half Results

Based solely on annualizing first-half 2026 results, IQSTEL’s $207 million in six-month revenue represents an annualized revenue level of approximately $414 million, demonstrating the scale the Company has built through years of organic growth, strategic acquisitions, and expansion of its global commercial platform.

Based on approximately 10.05 million shares used for the Company’s per-share calculations, IQSTEL’s first-half financial metrics translate into:

Management believes these metrics provide investors with an additional perspective on the operating scale and balance-sheet value represented by each outstanding share of IQSTEL.

The annualized revenue figures presented above are calculated by multiplying first-half 2026 revenue by two solely to illustrate the annualized mathematical equivalent of the Company’s first-half results. These figures are not a forecast or projection of the Company’s actual full-year 2026 results.

Balance Sheet Supports the Company’s Next Phase of Growth

As of June 30, 2026, IQSTEL reported:

Total Assets: $48.2 millionTotal Liabilities: $31.0 millionStockholders’ Equity: $17.2 million

IQSTEL’s approximately $17.2 million in stockholders’ equity represents approximately 5% growth from December 31, 2025, further strengthening the Company’s financial foundation as it continues executing its growth strategy and expanding its higher-margin Digital Services business.

Management believes the relationship between IQSTEL’s stockholders’ equity and its current market capitalization highlights a significant disconnect between the Company’s accounting book value and its public-market valuation.

At current market levels, IQSTEL’s approximately $17.2 million of stockholders’ equity alone is more than 50% greater than the Company’s market capitalization. In other words, the market is currently valuing the entire Company at a substantial discount to its reported stockholders’ equity, before any value is assigned to its operating platform, revenue scale, global telecom infrastructure, or Digital Services expansion.

Management believes this comparison provides an important perspective for shareholders and underscores what it views as a significant gap between IQSTEL’s current public-market valuation and the underlying financial and operating value of the Company.

From Global Telecom Scale to a Global Digital Services Platform

IQSTEL’s strategy is built around two complementary business divisions: Telecommunications and Digital Services.

The Telecommunications division provides the global scale, commercial relationships, infrastructure, transaction volume, and customer connectivity that IQSTEL has developed over more than a decade.

The Digital Services division is designed to leverage that existing global platform to distribute higher-margin technology solutions across areas including fintech, artificial intelligence, cybersecurity, digital health, and other advanced digital services.

Each new technology product moves through commercial infrastructure and carrier relationships IQSTEL already has in place, rather than a distribution network built from scratch.

Today, IQSTEL’s global platform includes:

Relationships and interconnections with more than 600 telecom operators worldwide;Operations across multiple international markets and continents;A potential commercial reach of approximately 2.3 billion end users through the networks of its telecom customers;An established global infrastructure supporting hundreds of millions of dollars in annual transactions; andA growing Digital Services division focused on expanding IQSTEL’s participation in higher-margin technology markets.

Management believes the combination of telecommunications scale, digital services, and global distribution is central to IQSTEL’s next stage of development.

Revenue Growth Is Only Part of the Strategy

While IQSTEL’s growth to $207 million in first-half revenue demonstrates the scale of the Company’s platform, management’s strategy is increasingly focused on translating that scale into higher gross profit, stronger Adjusted EBITDA, and greater operating leverage.

Gross profit increased approximately 26% year-over-year, from $3.8 million to $4.8 million.

IQSTEL believes the continued expansion of Digital Services can progressively change the Company’s revenue mix by adding technology products and services with potentially higher margins than its traditional telecommunications business.

That shift is central to IQSTEL’s long-term strategy: keep growing the telecom platform and use it to commercialize higher-margin digital products and services.

Management Commentary

Leandro José Iglesias, CEO of IQSTEL, commented:

“The first half of 2026 demonstrates the scale IQSTEL has built. We generated $207 million in revenue in only six months, representing approximately 59% growth compared with the first half of last year, while gross profit increased approximately 26% to $4.8 million.”

Mr. Iglesias continued:

“But revenue growth is only one part of our story. We have spent years building a global telecommunications platform with relationships across more than 600 telecom operators and potential access to approximately 2.3 billion end users through our customers. Our objective now is to increasingly monetize that platform through higher-margin digital services.”

Mr. Iglesias concluded:

“At our first-half revenue level, IQSTEL is operating at approximately $414 million in annualized revenue, equivalent to approximately $41.18 in annualized revenue per share based on our current per-share calculation. At the same time, we ended the first half with approximately $48.2 million in assets and $17.2 million in stockholders’ equity. We believe our scale, continued growth, a stronger balance sheet, and the shift toward higher-margin Digital Services position us well for the next phase of IQSTEL.”

Outlook: Continuing Toward the Next Level of Scale

IQSTEL remains focused on disciplined execution during the second half of 2026 and continues to pursue its previously announced $430 million revenue objective for fiscal year 2026, while increasingly focusing on gross profit expansion, Adjusted EBITDA generation, operating leverage, and the commercialization of higher-margin Digital Services.

First-half revenue of $207 million represents approximately 48% of the Company’s $430 million full-year revenue objective, requiring approximately $223 million of revenue during the second half to achieve that target.

Management believes IQSTEL remains on track to achieve its 2026 revenue objective. Historically, the second half of the year has been stronger than the first half for the Company, reflecting the seasonality and commercial dynamics of its business. Based on this historical pattern, combined with the Company’s current commercial momentum, management believes the $430 million full-year revenue objective remains achievable.

Importantly, IQSTEL’s focus for the second half extends beyond revenue growth. The Company is also working to convert that scale into margin — gross profit, Adjusted EBITDA and operating leverage — and to bring higher-margin Digital Services to market across its global platform.

Management believes IQSTEL enters the second half of 2026 with significant commercial momentum and an increasingly diversified technology platform.

IQSTEL’s objective is to convert its global scale into sustainable profitability and long-term shareholder value.

IQSTEL Invites Investors to First-Half 2026 Earnings Call

IQSTEL invites shareholders, investors, analysts, and other interested parties to participate in the Company’s First-Half 2026 Earnings Call, where management will discuss the Company’s financial performance, business strategy, Digital Services expansion, and outlook for the remainder of 2026 and beyond.

Earnings Call Information

Date: Wednesday, August 19, 2026
Time: 8:00 AM Eastern Time
Conference ID: 9936508
Toll-Free (North America): 1-888-880-3330
International (Toll): 1-646-357-8766
Webcast (Audience): https://app.webinar.net/0dr8N5peBG4

Interested parties may access the live conference call by dialing the numbers above and referencing Conference ID 9936508, or by joining through the live webcast.

During the call, IQSTEL management expects to discuss first-half revenue growth, gross profit, the $430 million 2026 revenue objective, and the Digital Services business.

A replay of the call will be archived and made available on the Company’s website following the event.

About IQSTEL Inc.

IQSTEL Inc. (NASDAQ: IQST) is a global telecommunications and technology company operating through two core business divisions: Telecom and Digital Services. The Telecom Division is the foundation of IQSTEL’s global platform, operating across 24 countries with more than 600 telecommunications carrier interconnections and delivering international voice, SMS, messaging, and connectivity solutions to some of the world’s largest telecom operators and enterprise customers. Through these customer relationships, IQSTEL’s platform has the potential to reach approximately 2.3 billion end users worldwide. Building on this global infrastructure and commercial reach, the Digital Services Division is focused on higher-margin technology solutions across Artificial Intelligence, Intelligent Communications, Cybersecurity, Fintech, Digital Health, Enterprise Automation, and Content Services. Built through nearly two decades of organic growth and strategic acquisitions, IQSTEL is leveraging the scale and reach of its Telecom business to accelerate the growth of Digital Services and drive its next phase of revenue and Adjusted EBITDA expansion.

For more information, visit:

Corporate: www.iqstel.com
Telecom: www.iqsteltelecom.com
Digital Services: www.iqsteldigital.com
Official Investor Landing Page: www.landingpage.iqstel.com

Safe Harbor Statement: Statements in this news release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend”, “could” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our ability to complete complementary acquisitions and dispositions that benefit our company; our success establishing and maintaining collaborative, strategic alliance agreements with our industry partners; our ability to comply with applicable regulations; our ability to secure capital when needed; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission.

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SOURCE iQSTEL