SEAFARER EXPLORATION Business Summary

Seafarer Exploration Corp (SFRX) operates as an underwater research and technology firm specializing in the non-invasive exploration, documentation, and recovery of historic shipwrecks, primarily focusing on Colonial-era sites along the Florida coastline. The company generates revenue through two primary segments: Seafarer Exploration, which focuses on shipwreck recovery projects and government agency contracts, and Blockchain LogisTech, LLC, which provides referral services for blockchain-related software. SFRX leverages a proprietary technological moat centered on its SeaSearcher™ AI-enabled subsurface detection platform and the Sand Shark™ handheld metal discriminator, both designed to identify buried ferrous and non-ferrous materials with surgical precision. In the competitive landscape, SFRX contends with Odyssey Marine Exploration (OMEX), Dolan Research Inc., and Goodwin & Associates, as well as industrial-scale salvors like SMIT Salvage. SFRX distinguishes itself by adopting a "rescue archaeology" model that prioritizes archaeological sensitivity and media-driven monetization over the traditional commercial sale of recovered artifacts. The company was founded in 2007 by CEO and Chairman Kyle Kennedy, a veteran investment banker and former broker-dealer who has overseen more than 600 public offerings throughout his career. The technical leadership is anchored by Chief Scientist Tim Reynolds, the President of Wild Manta and lead developer of the SeaSearcher system, and Senior Ocean Engineer Dante Volpe, who manages offshore operations and real-time data processing. The executive team is further supported by Senior Scientist John Cavanaugh and a specialized archaeological staff including Dr. Robert Baer and Andrew Owens. Notable board members and advisors include Tom Soeder and Brad Clark, with recent leadership confidence signaled by Kyle Kennedy’s direct purchase of 12 million shares in January 2026. This core team combines decades of financial engineering expertise with advanced marine robotics to transition underwater salvage from speculative treasure hunting into a repeatable, technology-driven industrial process.