Boston and Miami — June 9, 2026 — ELECTRA AI (“Electra”) and Naoris Quantum Protocol (“Naoris Quantum Protocol”) today announced a partnership to bring post-quantum cybersecurity to AI battery intelligence, the fast-growing layer where always-connected battery systems meet the AI models that monitor, optimize, and control them. The two companies are pairing Electra’s AI Brain for Batteries™ platform with Naoris Quantum Protocol’s post-quantum, decentralized trust layer to advance a cybersecurity framework designed specifically for AI battery intelligence.
Energy and mobility infrastructure has shifted from fixed hardware toward AI-managed, software-defined systems. Batteries have become the connective tissue of that shift, generating billions of telemetry events every day across the grid, data centers, electric vehicles, robotics, and space assets. As those systems take on monitoring, optimization, and control decisions, the integrity of the data feeding them shapes the integrity of every decision.
That dependency raises new requirements for protecting battery data, both today and throughout the asset’s operating life. The integrity of telemetry feeding AI models, the trustworthiness of firmware on unattended systems, and the long-term resilience of the cryptography itself all become foundational. Because battery assets often stay in service for 10 to 15 years or more, the protections built in today need to remain valid well into the post-quantum era — including against harvest-now-decrypt-later scenarios, where data captured now is decrypted once quantum computing matures.
Naoris Quantum Protocol brings post-quantum cryptography to the data layer, drawing on standards such as CRYSTALS-Dilithium and the algorithms NIST finalized as FIPS 203, 204, and 205 in August 2024. Its Decentralized Proof of Security (dPoSec™) consensus and decentralized device integrity model are designed to enable connected battery systems to continuously verify the trustworthiness of their peers, anchoring battery intelligence to data that can be proven authentic at the source.
The partnership arrives alongside a tightening regulatory landscape. Frameworks including the EU Battery Passport, the NIS2 Directive, and UNECE R155 are raising expectations for traceability, cybersecurity, and resilience across battery-powered infrastructure.
“Batteries are becoming the most software-defined, AI-managed, and continuously connected assets of the energy transition. That’s reshaping what trust and resilience need to look like. The next generation of battery intelligence will be defined not just by smarter models, but also by verifiable data at the source. Naoris Quantum Protocol brings post-quantum cryptography and decentralized device integrity to the AI Brain for Batteries™ platform, future-proofing the category we’re building across grid, data centers, robotics, space, and e-mobility,” said Fabrizio Martini, CEO and Co-Founder of ELECTRA AI.
“Trust in the AI is only as strong as trust in the data feeding it,” said David Carvalho, CEO and Co-Founder of Naoris Quantum Protocol. “We are partnering with ELECTRA AI to secure the battery edge so that every reading, every model, and every control decision rests on verified, quantum-safe foundations. Securing this layer by design is how the AI-defined energy era stays resilient across the decades these assets will operate.”
Together, ELECTRA AI and Naoris Quantum Protocol intend to apply Verifiable Battery Intelligence across energy infrastructure, including battery energy storage for the grid, renewables, and data centers, alongside autonomous systems spanning robotics and space, and electric mobility. The companies plan to develop the framework as shared infrastructure for a category they aim to help define in the next phase of the AI-defined energy transition.
About ELECTRA AI
ELECTRA AI (https://www.electrabrain.ai/) is the leading AI-driven cleantech and B2B software company, accelerating the world’s transition to electrification by unlocking the full potential of battery technology. ELECTRA AI builds the AI Brain for Batteries™ platform, a unified intelligence layer that enables battery systems to be monitored, optimized, and controlled across their full lifecycle. By combining Agentic AI, Physical AI, and Physics-informed Battery Modeling with Large Quantitative Models (LQMs), ELECTRA AI transforms batteries from passive hardware into intelligent, adaptive, and increasingly autonomous assets.
ELECTRA AI powers battery intelligence across every major battery-powered sector, including Energy Infrastructure (BESS for grid, renewables, and data centers), autonomous systems (robotics, humanoid, space assets), and e-mobility, helping make electrification safer, more resilient, and more economically productive. ELECTRA AI was co-founded in 2015 by Fabrizio Martini, inspired by work conducted as a Principal Investigator on NASA projects.
About Iron Horse Acquisition II Corp.
Iron Horse Acquisition II Corp. (Nasdaq: IRHO) (www.ironhorseacquisition.com) is a special purpose acquisition company co-founded by CEO and Chairman Jose Antonio Bengochea and CFO Bill Caragol. Iron Horse completed its initial public offering in December 2025, raising gross proceeds of approximately $230 million. Iron Horse was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a particular focus on companies in the AI, media, and technology sectors.
About Naoris Quantum Protocol Inc.
Naoris Quantum Protocol Inc. is the post-quantum, decentralized cybersecurity infrastructure for the digital world. Built on its CyberSecurity Mesh HyperStructure and Distributed Proof of Security (dPoSec) consensus, Naoris Quantum Protocol turns connected devices into a network of validators that continuously verify one another’s integrity, with FIPS-grade post-quantum cryptography embedded at the blockchain layer. The protocol measures Total Value Secured (TVS) and is designed to protect data, devices, and infrastructure against present and future quantum threats.
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Iron Horse’s or Electra’s future financial or operating performance. For example, statements regarding the anticipated timing of closing, expectations regarding the combined company’s business, and potential benefits of the transaction are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential,” or “continue,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Iron Horse and Electra and their respective management teams, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the occurrence of any event, change, or other circumstances that could give rise to the termination of the BCA; (ii) the outcome of any legal proceedings that may be instituted against Iron Horse, Electra, the combined company, or others following the announcement of the transaction; (iii) the inability to complete the transaction due to the failure to obtain approval of the stockholders of Iron Horse or to satisfy other conditions to closing; (iv) changes to the proposed structure of the transaction that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the transaction; (v) the ability to meet Nasdaq’s continued listing standards following the consummation of the transaction; (vi) the risk that the transaction disrupts current plans and operations of Electra as a result of the announcement and consummation of the transaction; (vii) the ability to recognize the anticipated benefits of the transaction, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (viii) costs related to the transaction; (ix) changes in applicable laws or regulations; and (x) the possibility that Electra or the combined company may be adversely affected by other economic, business, and/or competitive factors. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Iron Horse nor Electra undertakes any duty to update these forward-looking statements, except as required by law.
No Offer or Solicitation
This press release does not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed transaction, and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Additional Information about the Business Combination and Where to Find It
In connection with the proposed business combination, Iron Horse and Electra have filed a registration statement on Form S-4 (the “Registration Statement”) with the SEC, which includes a proxy statement/prospectus, and certain other related documents, to be used at the meeting of stockholders to approve the proposed business combination. INVESTORS AND SECURITY HOLDERS OF IRON HORSE ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS, ANY AMENDMENTS THERETO, AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ELECTRA, IRON HORSE, AND THE BUSINESS COMBINATION. The definitive proxy statement will be mailed to shareholders of Iron Horse as of a record date to be established for voting on the proposed business combination and other proposals. Investors and security holders will also be able to obtain copies of the Registration Statement and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC’s website at www.sec.gov, or by directing a request to: Loeb & Loeb LLP.
Participants in the Solicitation
Iron Horse, Electra, and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Iron Horse’s stockholders in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination are contained in the Registration Statement.
Media Contacts
ELECTRA AI
Giovanni Rossi – grossi@electrabrain.ai
IRON Horse
Bill Caragol – bill@ironhorseacquisition.com
Naoris Quantum Protocol Inc.
Essam Ali – essam@lunapr.io