OFAL

LOS ANGELES, April 06, 2026 (GLOBE NEWSWIRE) -- OFA Group (Nasdaq: OFAL) (“OFA” or the “Company”) today announced the completion of a strategic intellectual property ownership restructuring related to its QIKBIM platform, pursuant to a newly executed Intellectual Property Assignment and Co-Ownership Agreement (the “Agreement”). Under the Agreement, the Company has acquired a 50% undivided co-ownership interest in the QIKBIM system and related intellectual property assets, while securing full operational and commercial control over the platform. Reclassification of Historical Investment into Strategic Intangible Assets A key financial highlight of the transaction is the conversion of previously incurred development expenditures into IP ownership. Approximately $12.0 million of historical payments have been credited toward the total purchase price and will be recognized as capitalized intangible assets, transitioning from prior co-development expenditures. From a financial reporting perspective, this reclassification: Enhances the Company’s balance sheet through recognition of durable IP assets Reduces reliance on expense-based accounting for core technology investments Improves earnings visibility and margin stability over time The transaction represents a meaningful shift from a cost-based development model to an asset-backed value model. Control Rights Support Revenue Recognition and Strategic Execution While structured as a co-ownership arrangement, OFA has secured exclusive decision-making authority across all key aspects of the business, including: Product roadmap and technical architecture Pricing, licensing, and customer contracting Commercialization strategy and deployment Revenue collection, accounting, and distribution These rights position the Company as the primary economic operator of the QIKBIM platform and are expected to support enhanced control over revenue generation, alignment with long-term monetization strategies, and global scalability. Improved Cash Flow Profile and Capital Recovery Structure The Agreement establishes a structured monetization framework under which: Net proceeds from IP commercialization will be shared on a 50/50 basis The Company is entitled to recover certain development investments prior to profit sharing This structure is expected to accelerate capital recovery timelines, improve near- to mid-term cash flow visibili...