New York, US, September 8th, 2026, FinanceWire

ISP Global Capital today issued an updated analysis of Fort Technology Inc. (Nasdaq: FRTT; TSXV: FORT) following the Company’s recent revenue growth and the closing of its acquisition of a 50.1% majority interest in Logia USA Inc.

The combination of Fort’s growing existing business and its majority investment in Logia USA provides the Company with a potentially significant new opportunity in the U.S. data center energy infrastructure market.

Fort recently reported approximately $7.36 million in revenue for the first six months of 2026, representing approximately 49% year-over-year growth. Second-quarter revenue reached approximately $4.20 million, an increase of approximately 60% compared with the same period in 2025.

ISP Global Capital believes the closing of the Logia USA transaction significantly expands the potential scale of Fort’s business if Logia USA successfully commercializes its technology in the U.S. data center market.

$50 Million Revenue Opportunity

Fort initially owns 50.1% of Logia USA. Under the transaction’s performance structure, the first performance-based equity rebalancing occurs only after Logia USA exceeds $50 million in cumulative qualifying sales, subject to the profitability requirements contained in the definitive agreement.

This provides Fort with majority exposure to Logia USA through its first major $50 million cumulative sales milestone as Logia USA targets fuel integrity and backup-power applications for data centers and other mission-critical facilities.

The potential scale is significant relative to Fort’s existing operations. Fort generated approximately $10.85 million in revenue during fiscal 2025, making the $50 million Logia USA milestone several times larger than Fort’s historical annual revenue base.

Artificial intelligence, cloud computing and hyperscale data center expansion continue to increase demand for power generation, backup power and energy-security infrastructure. ISP Global Capital believes this provides a potentially significant addressable market for technologies designed to improve the reliability of mission-critical standby power systems.

ISP Global Capital Estimates $250 Million–$350 Million Potential Valuation Scenario

Based on the Company’s recent revenue growth, the closing of the Logia USA acquisition and the potential scale of the data center opportunity, ISP Global Capital believes a $250 million–$350 million valuation could become supportable if Fort develops approximately $50 million in sustainable annual consolidated revenue while demonstrating strong growth and profitability.

The analysis applies an illustrative 5x–7x revenue multiple to $50 million in annual consolidated revenue:

$50 million × 5 = $250 million

$50 million × 7 = $350 million

ISP Global Capital believes such a valuation framework could become increasingly relevant if Fort demonstrates successful U.S. commercialization, meaningful data center customer adoption, sustainable margins and a credible path toward continued revenue growth.

The $250 million–$350 million range represents ISP Global Capital’s independent analytical scenario and is not Fort Technology management guidance or a representation of Fort’s current fair value.

A Potential Transformation of Fort Technology

ISP Global Capital believes three figures now define the developing Fort Technology investment thesis:

$7.36 MILLION — Fort’s revenue during the first six months of 2026, representing approximately 49% year-over-year growth.

$50 MILLION — Logia USA’s first major cumulative qualifying sales threshold before Fort’s initial 50.1% ownership becomes subject to performance-based equity rebalancing.

$250 MILLION–$350 MILLION — ISP Global Capital’s illustrative valuation scenario if Fort ultimately develops approximately $50 million in sustainable annual consolidated revenue and warrants a 5x–7x revenue multiple.

The closing of Logia USA moves Fort’s data center strategy beyond a proposed transaction and establishes a majority-owned platform through which the Company can pursue the U.S. data center energy infrastructure market.

ISP Global Capital believes successful execution could materially change Fort’s revenue profile and valuation as the Company seeks to participate in the infrastructure investment accompanying the expansion of artificial intelligence, cloud computing and hyperscale data centers.

About ISP Global Capital

ISP Global Capital provides independent market research, corporate analysis and investment-focused commentary on public companies and emerging growth opportunities.

Important Disclosure and Forward-Looking Statements

This release represents analysis and opinions of ISP Global Capital and contains forward-looking statements and illustrative valuation scenarios. The $50 million figure discussed herein is a contractual cumulative sales milestone associated with the Logia USA transaction and should not be interpreted as a forecast or guarantee that Logia USA or Fort Technology will generate $50 million in annual revenue.

The $250 million–$350 million valuation range represents an illustrative ISP Global Capital analytical scenario based on applying a 5x–7x revenue multiple to hypothetical annual consolidated revenue of $50 million. It is not Fort Technology management guidance, a guarantee of future market capitalization or a representation of current fair value.

Actual results could differ materially based on commercialization, profitability, customer adoption, competition, financing, dilution, market conditions, execution and other risks. Investors should conduct their own due diligence and review Fort Technology’s applicable regulatory filings before making investment decision.

Contact

Taylor Owenby
ISP Global Capital
[email protected]