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Volt Carbon Reports Graphene Associated Thermal and EMI Shielding Performance from Dry Separated Natural Graphite Foil

Volt Carbon Reports Graphene Associated

Thermal and EMI Shielding Performance from

Dry Separated Natural Graphite Foil

Calgary, Alberta--(Newsfile Corp. - May 13, 2026) - Volt Carbon Technologies Inc. (TSXV: VCT)

(OTCQB: TORVF) ("Volt" or the "Company") is pleased to announce independent third party testing

results from the University of Waterloo relating to the Company's first expanded graphite foil trials

derived from graphite processed using Volt's dry separation technology.

The testing program evaluated thermal conductivity and electromagnetic interference ("EMI") shielding

performance characteristics of expanded graphite foils produced from Volt processed graphite

materials as part of the Company's ongoing advanced materials development initiatives.

Thermal conductivity testing provided by the University of Waterloo demonstrated average in plane

thermal conductivity values of approximately 219 W/m·K for Volt derived graphite foil at a thickness of

approximately 0.189 mm.

For general reference purposes, published engineering reference sources

such as Engineering Toolbox, including "Thermal Conductivity of Metals and Alloys" and "Aluminum

Thermophysical Properties,"

report thermal conductivity values for stainless steel in the range of

approximately 15 W/m·K, while aluminum is commonly reported near approximately 205 W/m·K

depending on alloy composition and test conditions.

The expanded graphite foil evaluated in these trials exhibited a density of approximately 1.5 g/cm³. For

general reference purposes, aluminum is commonly reported to exhibit density values near

approximately 2.7 g/cm³, while stainless steel is commonly reported in the range of approximately 7.7 to

8.0 g/cm³ depending on alloy composition and processing conditions. Although these density values

may provide general context regarding potential thermal management and shielding design

considerations, material property comparisons between differing material systems may not be directly

comparable due to variations in structure, composition, operating environment and application specific

performance requirements when considered in engineering design applications.

EMI shielding evaluations conducted in the X band frequency range demonstrated total shielding

effectiveness of approximately 42.7 dB for Volt derived graphite foil at a thickness of 0.189 mm. EMI

shielding effectiveness measured in decibels ("dB") represents attenuation of electromagnetic energy.

Volt's results correspond to signal attenuation greater than approximately 99.99%.

Approximate signal attenuation equivalents corresponding to EMI shielding effectiveness are

summarized below for general reference.

Shielding Effectiveness (dB)

Approximate Signal Attenuation

20 dB

99%

30 dB

99.9%

40 dB

99.99%

50 dB

99.999%

Expanded graphite foil is fundamentally composed of highly aligned graphitic and graphene like carbon

layers. Expanded graphite has a reduced number of graphitic layers compared to bulk graphite.

Published literature, including Y. Liu et al., "Graphene Enhanced Flexible Expanded Graphite Film

with High Electric, Thermal Conductivities and EMI Shielding at Low Graphene Content," Carbon,

2018,

has reported expanded graphite and graphene enhanced expanded graphite films exhibiting

thermal conductivity, electrical conductivity and EMI shielding characteristics relevant to conductive

carbon material applications.

The Company believes the thermal conductivity and EMI shielding performance observed in these first

trials support continued evaluation for Volt's dry separated natural graphite for potential use in graphene

related and conductive carbon material applications.

Published scientific literature,

including A.

Kausar, "Graphene Nanocomposites for Electromagnetic Interference Shielding", Journal of

Composites Science, 2023, and X. Li et al., "Revealing Synergistic Relationship of Thermal

Conduction and Electromagnetic Interference Shielding in Graphene Film", Materials Chemistry and

Physics, 2025,

has reported graphene and conductive carbon materials exhibiting strong thermal

conductivity and EMI shielding performance characteristics.

The Company continues to observe from ongoing testing results that preservation of graphite crystallinity

through its dry separation process contributes to downstream conductive, thermal and material

performance enhancements observed in expandable graphite, graphite foil and graphene related

development programs.

These results represent early stage expanded graphite foil development trials. Additional optimization,

densification, scale up and application specific validation work remains ongoing as the Company

continues evaluating potential commercial applications for these materials, including ongoing

discussions and evaluation activities with industry participants under confidentiality agreements.

Volt plans to continue evaluating dry separated graphite materials for applications including expanded

graphite products, thermal management materials, conductive composites and energy storage

technologies. The Company has previously disclosed the addition of equipment supporting batch scale

production and evaluation of expandable graphite and graphene related materials as part of its

downstream development initiatives.

Dr. Aiping Yu, University Research Chair Professor at the University of Waterloo, Fellow of the Canadian

Academy of Engineering and Board Member, has reviewed and approved the contents of this press

release. Dr. Yu is internationally recognized for her work in graphene and advanced nanomaterials, has

authored more than 260 refereed scientific publications and holds multiple patents in the field.

Dr. Aiping Yu commented, "These first expanded graphite foil trials are encouraging because they

demonstrate functional thermal management and EMI shielding characteristics within ranges reported

for certain graphene and conductive carbon material systems. The ability to potentially achieve these

characteristics using scalable natural graphite derived materials represents an interesting area for

continued development and optimization."

About Volt Carbon Technologies

Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and

green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec, and British

Columbia in Canada. For the latest information on Volt Carbon's properties and news please refer to the

website

www.voltcarbontech.com

.

On behalf of the Board of Directors,

Volt Carbon Technologies Inc.

V-Bond Lee, P. Eng.

CEO, President, Chairman of the Board and Director

Information Contact

:

Email:

[email protected]

Tel: (519) 763-1197

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy

of this release.

FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements, within the meaning of applicable securities

legislation, concerning Volt Carbon's business and affairs. In certain cases, forward-looking statements can be identified by the use of words

such as "plans", "expects" or "does not expect", "intends", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of

such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Such forward-looking statements include those with respect to: (i) advancement and commercialization of the Company's dry separation

technology; (ii) development and scale up of demonstration and processing facilities; (iii) continued evaluation, development and

commercialization of graphite, graphene related and advanced carbon material products; (iv) the performance characteristics and potential

applications of expandable graphite, graphite foil and related conductive carbon materials; and (v) participation in thermal management,

conductive shielding, energy storage and advanced materials markets.

Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will

not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above,

could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements

are expressly qualified in their entirety by this cautionary statement.

All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place

undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Volt Carbon

assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities

legislation.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/297098