ASX:IOV - Independent Commercialisation Report Confirms Commercial Potential of ION Video's New Tokenised Virtual Video Patent

Melbourne, Australia, 23 April 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 newly filed patent for its Tokenised Virtual Video Delivery System and Method.

Highlights

Alder IP concludes that at this stage of its commercialisation journey, ION represents a compelling proposition, based on independent analysis of the Company's new Tokenised Virtual Video Delivery System and Method patent.
The new patent, filed in Australia on 29 January 2026 (AU 2026900706) and filed globally, is the foundational infrastructure layer for Video Superintelligence: a world where AI agents dynamically assemble, personalise and govern video for every individual, at any scale, in real time.
For the first time, video can be treated as dynamic, modular and governable data, in a manner similar to how text is handled by AI systems today. This removes the need to re-render entire video files for edits, personalisation or versioning.
The Australian streaming market, identified as a primary market by Alder IP, is valued at AUD 4.19 billion in 2025 and projected to reach AUD 21.93 billion by 2035, growing at a compound annual growth rate of 18%, representing a fivefold increase over the coming decade.
Alder IP identifies Foxtel, Amazon and Paramount as potential licensees, with a four-pathway commercialisation strategy spanning direct sales, partner-led integration, cloud marketplaces and original equipment manufacturers.
This report, combined with the separate Alder IP report on the Company's existing six granted US patents, gives ION two independently validated commercialisation assessments across its full intellectual property portfolio.

Finbar O’Hanlon, Founder, Head of Innovation commented:

"This patent is the infrastructure layer that makes Video Superintelligence real. We are not building a feature or a product. We are building the missing layer between AI and video, and this independent commercialisation assessment confirms both the scale of the opportunity and the quality of what we have created. The fact that Alder IP has identified Foxtel, Amazon and Paramount as potential licensees, and validated a clear four-pathway commercialisation strategy, gives our shareholders a concrete picture of how this technology moves from patent to commercial infrastructure."

Watch: Finbar O'Hanlon walks through the report and what it means for ION

Background: Tokenised Virtual Video Delivery System and Method

Video Superintelligence is the category ION is creating: a world where AI agents dynamically assemble, personalise and govern video for every individual, at any scale, in real time. To make that possible, video needs to stop being a static, rendered file and start behaving like data. That is precisely what the Tokenised Virtual Video Delivery System and Method achieves.

At the core of the invention is a shift from file-based video to reference-based virtual video:

A virtualisation engine converts rendered video files into metadata-only reference containers, extracting structural information and removing media sample data whilst preserving the underlying file architecture.
Access to media is governed by a cryptographic video token that binds user consent, licensing terms, usage constraints and transaction metadata to each resolution event.
Media can only be resolved into watchable video once the token has been successfully validated, enabling secure real-time assembly without persistent rendered files.
AI systems can assemble, personalise and govern video as dynamic, modular data, in the same way that text-based content is handled by AI systems today.

This architecture is built for the agentic AI era, in which autonomous systems assemble and deliver video on behalf of users and institutions and need a way to enforce rights, consent and commerce at the exact moment video is resolved. ION's new patent is the infrastructure layer that makes that possible at scale.

Patent Details

On 29 January 2026, ION Video filed a new patent in Australia for a Tokenised Virtual Video Delivery System and Method, assigned Australian patent number AU 2026900706. The patent has been filed globally. The inventors are Finbar O'Hanlon, the Company's Founder and Head of Innovation; Anthony James Baker, Chief Executive Officer; and Brent David Jones.

Alder IP Commercialisation Report

Alder IP Pty Ltd was engaged to conduct an independent assessment of ION's newly filed intellectual property. The report, titled Ion Video's New Intellectual Property in the Video Virtualization Space, was finalised on 16 March 2026 and covers 64 pages of detailed analysis. The Company's existing granted patent portfolio is expressly out of scope in this report and is addressed in a separate concurrent announcement.

The report examines the technical capabilities and commercial viability of the new patent, analyses the relevant market landscape and identifies prospective licensees and commercialisation pathways.

View and Download: Alder IP Commercialisation Report: Ion Video's New Intellectual Property in the Video Virtualization Space (16 March 2026, 64 pages)

Key Advantages Identified by Alder IP

The Alder IP report identifies three key advantages that differentiate the new patent from anything currently available in the market:

Control layer governance: The patent establishes a control layer that governs the specific right to resolve a reference into playable media. This gives rights holders and platform operators granular, enforceable control over how content is accessed and monetised, at the level of each individual resolution event.
Elimination of re-rendering: The technology removes the requirement to re-render entire video files when edits, personalisation or versioning are needed. This dramatically reduces the cost and time associated with producing tailored video at scale, making AI-driven personalisation commercially viable for the first time.
AI-native video infrastructure: The patent enables AI systems to interact with video as structured, addressable data rather than opaque rendered files. This is the foundational shift that makes Video Superintelligence possible, and it is a shift that no other commercially available technology currently delivers.

Market Opportunity

The scale of the opportunity addressed by ION's new patent is significant. ION's new patent is the infrastructure layer that enables AI to operate on the global video market at scale.

Alder IP's report focuses on the Australian streaming market as a primary addressable market for the new patent technology. The Australian streaming market is valued at AUD 4.19 billion in 2025 and is projected to grow to AUD 21.93 billion by 2035, growing at a compound annual growth rate of 18%, representing a fivefold increase over the coming decade. Australia represents an early-mover licensing market, with the Company's global filing positioning it to pursue equivalent opportunities across the United States, Europe and Asia.

Major companies identified by Alder IP as operating in the relevant space include Walmart, Apple and Alphabet. Identified potential licensees include Foxtel, Amazon and Paramount. Potential start-up partners identified include Stan, Ausbiz and Vudoo.

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.

Within Australia, the streaming landscape is already highly competitive and growing rapidly. YouTube leads the market with a 33% share of the 7.1 billion minutes streamed across mobile and connected TV devices in 2024. Netflix holds a 17% share of streaming minutes, with Nine Entertainment at 11% and Foxtel at 9%. Netflix maintains a 27% share of premium video on demand revenue, followed by Foxtel Group at 18%. Nearly half of all video on demand households in Australia now hold at least one ad-supported subscription, up from 37% the prior year. This competitive and fast-moving market is precisely the environment in which ION's tokenised infrastructure creates a structural commercial advantage.

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 new patent covers. ION's view is that the companies building and deploying AI at scale will require foundational video infrastructure, and that ION's new patent represents the only independently validated tokenised video resolution system of this kind available for licensing today.

Commercialisation Strategy

Alder IP has identified four commercialisation pathways for the new patent:

Direct sales to broadcasters, telecommunications companies, corporate enterprises and government agencies, targeting organisations with an immediate and identified need for governed, scalable video infrastructure.
Partner-led integration with security or analytics platforms, offering a route to broader adoption without requiring direct enterprise sales in every individual market.
Cloud marketplace distribution, enabling broad adoption at low capital cost, consistent with the approach applied to the existing portfolio.
Original equipment manufacturer arrangements with hardware and network providers, embedding ION's technology at the infrastructure level across devices and networks at scale.

Combined IP Position

This report should be read alongside the separate Alder IP commercialisation report on ION's existing six granted US patents, published concurrently. Together, the two reports give ION independent commercial validation across its full intellectual property portfolio, spanning patents with a priority date of 17 August 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.

The fact that two separate Alder IP reports, covering distinct and complementary bodies of IP, both conclude that ION represents a highly promising investment is a strong signal for shareholders and a credible foundation for the licensing and partnership discussions the Company is now actively progressing.

Strategic Implications for ION

The Company views this independent commercialisation report as a significant validation of its new patent and its broader Video Superintelligence strategy. It supports ION's plans to:

Progress from provisional and national phase filings to active licensing discussions with broadcasters, platform operators and enterprise technology partners, backed by independent commercial analysis.
Engage with hyperscalers, chip providers, video platforms, agentic AI companies and enterprise partners on pilots and licensing discussions grounded in Alder IP's independent assessment.
Position the Tokenised Virtual Video system as the deployable infrastructure layer for AI and agentic video experiences globally, supported by a concurrent commercialisation assessment of the Company's existing patent portfolio.

As previously communicated, Finbar O'Hanlon and AJ Palmer are planning a global roadshow across the United States, Europe and the Asia-Pacific region to meet key decision makers, supported by ION's work with Canaccord Genuity and its ongoing programme of technical validation and commercial engagement.

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 and 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 building the category of Video Superintelligence, the missing infrastructure layer between artificial intelligence and video. The Company holds a portfolio of six granted US patents, with a priority date of 17 August 2007, and a newly filed global patent for its Tokenised Virtual Video Delivery System and Method. ION's technology enables AI systems to treat video as dynamic, modular and governable data at any scale. The Company is headquartered in Melbourne, Australia.

For additional information about ION, please visit www.ion.video

About Alder IP

Alder IP Pty Ltd is an independent specialist intellectual property advisory firm engaged to provide commercial and legal analysis of patent portfolios across global technology markets. Alder IP's assessments are used by technology companies, investors and licensing organisations to evaluate the commercial strength and deployability of intellectual property. Alder IP has no commercial interest in the outcome of its assessments.

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.te