American Marconi Wireless News - EXXE Group Signs TIEGEL LOI to Expand into German Defense Supply & Manufacturing

SHERIDAN, WY / ACCESS Newswire / October 22, 2026 / EXXE Group Inc. (OTCID:AXXA) ("EXXE"), an integrated operating platform providing management consulting and M&A advisory services, today announced it has signed a letter of intent ("LOI") with TIEGEL GmbH ("TIEGEL"), a German manufacturer of mobile heating, cooling and climate-control systems whose principal customer is the German Armed Forces (Bundeswehr).

The LOI advances an active, fee-generating advisory relationship into a framework for contractual joint operations. TIEGEL traces its roots as a family business to 1914 and specializes in container-based engineering for demanding environments. Based near Dresden, the company generated approximately US$4.31 million (€3.84 million) in preliminary, unaudited 2025 revenue, which is separate from EXXE's reported revenue.

TIEGEL's systems are used in military field installations, industrial facilities, construction sites and emergency relief operations. Under the new framework, the parties are evaluating a growth option to use TIEGEL's container engineering for modular micro data centers with integrated cooling and potential waste-heat reuse at commercial business parks.

Benefits for TIEGEL and EXXE

For TIEGEL, the EXXE platform is intended to open international markets for its products and support the joint development of new products. EXXE's financial structuring and support in pursuing financing are designed to give TIEGEL a foundation to stabilize, expand, and scale revenue and earnings. Definitive agreements would provide the basis for integrating operations, services and business processes, and for participation in agreed operating outcomes. For EXXE, the relationship supports revenue growth within its existing industrial focus. It also connects TIEGEL's industrial capabilities with EXXE's real estate, technology and financial infrastructure strategy.

Dr. Eduard Nazmiev, Chief Executive Officer of EXXE Group, said: "TIEGEL and EXXE see opportunities to strengthen TIEGEL's core business and extend its capabilities into new infrastructure markets, including containerized modular data centers. This LOI expands the existing management and service relationship between our companies and sets out a path toward broader joint operations."

Principal due diligence has been completed, with certain matters subject to additional diligence during ongoing work. The LOI's confidentiality and exclusivity provisions are binding; broader integration remains subject to negotiation and execution of definitive agreements.

About EXXE Group Inc.: EXXE Group Inc. (OTCID: AXXA) is an integrated operating platform supporting businesses and projects through management consulting, M&A advisory, operational improvement, restructuring, financial coordination and business development. It connects capabilities across real estate, infrastructure, industrial and technology-related activities through services and contractual operating arrangements.

About TIEGEL GmbH: TIEGEL GmbH, based in Radeberg, Germany, develops, manufactures, rents and services heating, ventilation, cooling and climate-control systems, including container-based units for military, industrial, construction, event and humanitarian applications.

Investor and Media Contact:
EXXE Group, Inc. Investor Relations
Email: [email protected]
Website: www.exxegroup.com
Ticker: OTCID: AXXA

US dollar conversion provided for convenience at the ECB reference rate of €1.00 = US$1.1215 dated October 20, 2026.

Forward-Looking Statements

This release contains forward-looking statements concerning proposed contractual platform integration, joint operations, definitive agreements, operational development, financing, international market access, product development and potential business opportunities, including modular data center applications. These statements are based on current expectations and involve risks and uncertainties, including additional diligence findings, agreement on definitive terms, continuation of service engagements, financing availability, customer demand, operating performance, currency fluctuations and execution risk. Actual results may differ materially. Except for its confidentiality and exclusivity provisions, the LOI is non-binding, and there can be no assurance that definitive agreements will be executed or proposed initiatives completed. Tiegel's financial information is preliminary, unaudited and management-provided. EXXE undertakes no obligation to update forward-looking statements except as required by applicable law.

SOURCE: Exxe Group, Inc.

View the original press release on ACCESS Newswire

Ch.Havering--AMWN