ASX:IOV - Independent Commercialisation Report Confirms Commercial Strength of ION Video’s Existing Patent Portfolio

ION Video Ltd (ASX:IOV)

Melbourne, Australia, 21 March 2026: ION Video Limited (ASX: IOV) (“ION” or “the Company”) advises that it has received an independent commercialisation report prepared by Alder IP Pty Ltd, confirming the commercial potential of the Company’s existing granted patent portfolio across the global video content market.

Highlights

ION holds six granted United States patents originating from a priority date of 17 August 2007, protected across the United States, Australia, Canada, Europe, South Korea, China and Hong Kong. These patents pre-date every major AI video platform in operation today.
The global Video on Demand market addressed by the existing portfolio is valued at USD 133.44 billion in 2025 and projected to reach USD 465.76 billion by 2034, growing at a compound annual growth rate of 14.9%.
ION’s existing patents cover the foundational infrastructure layer that AI systems need to operate on video at scale, spanning the United States, Australia, Canada, Europe, South Korea, China and Hong Kong.
Alder IP identifies Microsoft, Amazon and IBM as potential licensees for the existing portfolio, with a three stage commercialisation strategy spanning cloud marketplaces, channel partners and direct enterprise sales.

This report gives ION an independently validated commercialisation assessment across its granted intellectual property portfolio.

View and download the full Alder IP Commercialisation Report Below

Comment from Finbar O’Hanlon, Founder, Inventor and Head of Innovation

“When I filed these patents in 2007, I was asking a question the industry had not yet decided it needed to answer. What if video did not have to be a locked file? What if its structure could be separated from its content and made programmable for any intelligent system to act on? The world was not ready for that question then. It is ready now. The rise of agentic AI has created precisely the demand environment this portfolio was built for. Having an independent specialist firm of Alder IP’s calibre confirm the commercial strength of this architecture, and identify some of the world’s largest technology companies as potential licensees, is a significant moment for ION and for our shareholders. We have been building the infrastructure layer that AI needs to work with video at scale. The evidence that the market now understands that is all around us.”

View video from Finbar talking through the Alder IP Commercialisation Report

Why This Matters Now

ION’s existing patent portfolio was filed at a time when most of the world was still thinking about video as a passive, file based medium. The patents describe a fundamentally different model: one where video can be virtualised, made programmable, and governed dynamically. For most of the intervening period, the commercial infrastructure to realise that vision did not exist at scale.

That has changed. The rapid growth of artificial intelligence, and in particular the emergence of agentic AI systems that act autonomously on behalf of users and organisations, has created precisely the demand environment ION’s technology was designed for. AI systems need to assemble, personalise and deliver video in real time, without re rendering files, without duplicating content, and with enforceable governance over rights and consent. That is what ION’s existing patents cover.

The Alder IP commercialisation report arrives at the moment when that opportunity is becoming commercially actionable. The Video on Demand market alone is projected to reach USD 465.76 billion by 2034. ION holds the patented infrastructure that sits between AI and video.

Background: ION Video’s Existing Patent Portfolio

ION’s existing granted patent portfolio covers foundational technology for virtualising and governing video at the file architecture level. The patents originate from a priority date of 17 August 2007, establishing ION’s intellectual property position before any of today’s major AI video or streaming platforms existed. They were invented solely by Finbar O’Hanlon, the Company’s Founder and Head of Innovation.

The portfolio comprises two core patent families:

WO2009023902A1, filed 15 August 2008 with priority date 17 August 2007, assigned to Linius (Aust) Pty Ltd. This family includes five core granted US patents: US 8,893,203; US 9,516,392; US 9,544,657; US 9,918,134; and US 9,955,222.
WO2018224988A1, filed with priority date 6 June 2017, extending the portfolio into broader video virtualisation capabilities. This family includes US 10,721,507.

Together, these six granted US patents form the intellectual property foundation upon which ION’s commercialisation strategy is built. They are protected across the United States, Australia, Canada, Europe, South Korea, China and Hong Kong.

Alder IP Commercialisation Report

Alder IP Pty Ltd was engaged to conduct an independent assessment of ION’s existing intellectual property. The report, titled Ion Video’s Existing Intellectual Property in the Video Content Space, was finalised on 12 March 2026 and covers 72 pages of detailed analysis. The Company’s new tokenised virtual video patent is expressly out of scope in this report and is addressed separately.

The report examines the commercial viability and licensing potential of the existing portfolio, analyses the relevant market landscape and identifies prospective licensees and commercialisation pathways.

Market Opportunity

Alder IP identifies two primary addressable markets for the existing patent portfolio.

Video on Demand: The global Video on Demand market is valued at USD 133.44 billion in 2025 and is projected to grow to USD 465.76 billion by 2034, growing at a compound annual growth rate of 14.9%. This is the primary addressable market for ION’s existing infrastructure patents, reflecting sustained global demand for scalable, intelligent video delivery technology.

Blockchain in Media, Advertising and Entertainment: This emerging market is valued at USD 2.87 billion in 2025 and forecast to reach USD 40.45 billion by 2034, growing at a compound annual growth rate of 55.42%, reflecting growing industry demand for secure, token governed media distribution of the kind ION’s technology enables. Whilst smaller than the core VoD opportunity, it represents a meaningful secondary market as tokenised media infrastructure matures.

Together, these two markets reflect the breadth of the commercial opportunity addressed by ION’s existing portfolio. ION’s existing patents cover the infrastructure layer that connects artificial intelligence to video at scale, placing the Company at the centre of one of the largest technology transitions underway.

Major companies identified by Alder IP as operating in the relevant space include Walmart, Apple and Alphabet. Identified potential licensees include Microsoft, Amazon and IBM. Potential start up partners identified include Theta Network, LBRY and Livepeer.

ION’s Own Market Research

In addition to the findings of the Alder IP report, ION has conducted its own market research to provide shareholders with a broader view of the global opportunity the Company’s technology addresses.

The global video market, encompassing streaming, broadcast, enterprise video and AI driven video applications, is projected to exceed one trillion dollars by 2030 (Omdia, 2025). Video currently accounts for 82% of all internet traffic globally (Cisco VNI), a figure that continues to grow as AI native applications place new demands on video infrastructure.

ION’s research identifies the United States as the world’s largest VoD market, with revenues of USD 64.7 billion in 2025. Europe represents the second largest region, accounting for USD 50 billion in 2025 and continuing to grow. The Asia Pacific region is the fastest growing VoD market globally, forecast to expand at a compound annual growth rate of 18%, with China’s VoD market alone projected to reach USD 112.8 billion by 2035.

The broader AI video infrastructure ecosystem includes some of the world’s most capitalised technology companies. Google, Meta, Microsoft, Amazon, Apple and Alphabet are all active in video and AI at scale. The emergence of agentic AI, autonomous systems that independently assemble and deliver content as part of multi step workflows, is creating demand for precisely the kind of infrastructure ION’s patents cover. ION’s view is that the companies building and deploying AI at scale will require foundational video infrastructure, and that ION’s granted patents represent the only independently validated solution of this kind available for licensing today.

Commercialisation Strategy

Alder IP has outlined a three stage commercialisation strategy for ION’s existing portfolio:

Early stage: cloud marketplace deployment to enable scalable, low capital adoption across enterprise customers globally, leveraging existing distribution infrastructure to reach buyers efficiently.
Growth stage: expansion through value added resellers and system integrators, enabling regional scale across multiple markets without requiring significant direct investment in each geography.
Scale stage: direct enterprise sales and strategic alliances with major industry participants, deepening ION’s commercial relationships and building a long term, recurring revenue base.

Combined IP Position

This report should be read alongside the separate Alder IP commercialisation report on ION’s new tokenised virtual video patent, published concurrently. Together, the two reports give ION independent commercial validation across its full intellectual property portfolio, spanning patents filed in 2007 through to a new global filing in January 2026.

The existing portfolio establishes ION’s foundational claim to the infrastructure of programmable, AI ready video. The new patent extends that position into tokenised governance, cryptographic access control and real time AI assembly. Together, they represent a comprehensive and independently assessed intellectual property estate at the heart of the Video Superintelligence category ION is creating.

Strategic Implications for ION

The Company views this independent commercialisation assessment as an important validation of its existing patent portfolio and the commercial opportunity it represents. It supports ION’s plans to:

Progress discussions with hyperscalers, enterprise technology providers and platform operators, grounded in independent commercial analysis from a specialist IP advisory firm.
Position the existing portfolio as proven, deployable infrastructure for AI driven video applications across global markets, with the credibility of a 72 page independent assessment behind it.
Advance commercialisation discussions in parallel with the Company’s newly filed tokenised virtual video patent, creating a combined IP licensing opportunity across both established and new technology.

Outlook

ION’s near-term priorities include the progressing discussions with organisations the Company announced in its Commercialisation update released on 14 April 2026, further enhancements of the technology offering and progressing the Company’s new tokenised video patent through PCT and national phase filings.

The Alder IP commercialisation report on the existing patent portfolio provides an important foundation for those and all future discussions, grounding ION’s commercialisation conversations in independent, specialist assessment of the Company’s intellectual property.

Shareholders will be kept informed of material developments in each of these areas as they occur in accordance with the Company’s continuous disclosure obligations.

Yours Sincerely

Anthony Baker

Chief Executive Officer and Director

ENDS

Authorised for release by the Board of Directors

For more information, please contact:

ION Enquiries:

Anthony Baker - Chief Executive Officer
Email: investor.relations@ion.video
Tel: +61 3 8672 7186

Media & PR Enquiries:

Rod North - Managing Director, Bourse Communications
Email: rod@boursecommunications.com.au
Tel: +61 3 9510 8309 or +61 408 670 706

About ION Video Limited

ION Video Limited (ASX: IOV) is an infrastructure company that has developed patented technology to virtualise video at the file architecture level, transforming static files into programmable data. Protected by four foundational patents, ION's technology enables intelligent systems to access and compose with existing video content as programmable data, without transcoding.

For additional information about ION, please

visit www.ion.video

Forward-Looking Statements

This announcement contains forward-looking statements regarding ION's technology, market positioning and strategic priorities. These statements are based on current expectations and are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements. This announcement has been prepared in compliance with ASX Listing Rule 3.1 regarding continuous disclosure obligations.