Palomino Laboratories Inc. Receives Its First Commercial Purchase Order from a Hyperscaler Customer For GaN MicroLED Communication Chips Supporting AI Optical Interconnects

(OTCQB:PALX) Palomino Laboratories, Inc. announced it has received its first purchase order (PO) from a strategic hyperscaler customer. The PO includes a statement of work (SOW) for the delivery of high-performance gallium nitride (GaN) MicroLED chips for optical interconnect applications within AI infrastructure. The company states that this initial PO validates its core market thesis that MicroLED technology originally designed for display markets must be specifically engineered for high-speed data and AI data center link budgets. Under the SOW, Palomino expects to improve both nanomaterial and MicroLED design to increase output power and fiber coupling efficiency performance, in line with its technical roadmap. All other MicroLED technical parameters from Palomino’s technology platform are compliant with the customer’s target requirements. Jeffrey B. Shealy, Co-Founder and CEO, commented that this first commercial PO is a significant corporate milestone and confirms that leading AI infrastructure customers recognize the need for MicroLEDs engineered for bandwidth, reliability, and efficiency. Mr. Shealy also stated that the SOW aligns with Palomino’s AI interconnect product roadmap and that the company is executing with urgency to deliver technical performance and address manufacturing supply chain requirements for volume production. Dr. Steven DenBaars, Co-founder and Director, emphasized that Palomino’s work is grounded in foundational GaN MicroLED innovation and protected by an IP portfolio that includes license rights to University of California, Santa Barbara (UCSB) patents. The company believes this PO reflects growing customer recognition that novel material science and MicroLED device design are crucial for next-generation AI interconnects. Palomino states that receipt of this first PO is consistent with its previously stated objective to secure a development contract from a strategic AI customer in Q4 FY26. The company expects this work will further strengthen customer engagement and accelerate progress toward MicroLED-enabled optical interconnect solutions for short-reach AI systems.