Market Overview

Braidy Industries and Subsidiary Veloxint Announce Five New Executive Appointments Following Aluminum Mill Groundbreaking


Braidy Industries, Inc. and its subsidiary Veloxint announced today the
appointment of five new key executives. The news comes as momentum
continues for Veloxint and for Braidy Industries' $1.6 billion Braidy
Atlas rolling mill project, following the official groundbreaking events
in early June.

Braidy Industries has appointed Julio Ramirez to the position of Chief
Financial Officer. Ramirez brings experience as a former founder, CEO
and CFO, driving corporate, financial and digital strategy and
performance for a number of diverse Fortune 500 companies, including The
Hackett Group, Molson Coors Brewing Company, Summit Materials and The
Freeman Company. Ramirez also served as an audit partner at KPMG for 15
years, and was a U.S. Army Captain. Ramirez will report directly to
Braidy Industries CEO Craig Bouchard.

At Veloxint, Major General Kevin McNeely (Ret.) joins as Chief
Operations Officer. McNeely brings over two decades of experience in
government, personnel management and policy and process development, as
well as thirty-eight years of military service to the position. He
previously served as Director of Manpower and Personnel at the National
Guard Bureau, Assistant to the Chairman for National Guard Matters,
Deputy Director of Strategy, Policy and Programming for the U.S.
European Command and Director of Strategy, Policy and International
Affairs at the National Guard Bureau. McNeely will report directly to
Veloxint CEO Dr. Alan Lund.

Dr. Phoebe Kwan is assuming the role of Chief Commercial Officer at
Veloxint, bringing expertise in strategic positioning and development of
high-performance materials across a range of industries, including
technology, medicine and energy. Dr. Kwan has held executive leadership
roles in product management, marketing, business development and
external corporate venturing at both early-stage startups and Fortune
500 companies, and holds a PhD in Chemistry from the Massachusetts
Institute of Technology. Kwan will report directly to Veloxint CEO Dr.
Alan Lund.

Veloxint has also appointed Dr. Judson "Jud" Marte as Vice President of
Product Development. Formerly Principal Scientist and Product Manager
for two decades at GE Global Research, Marte will apply his expertise as
a materials scientist specializing in processes producing low-cost,
high-efficiency materials to oversee transformative component design
using Veloxint's thermally-stable nanostructured alloys. Marte received
his M.S. and PhD in Materials Science and Engineering at Virginia Tech,
where he conducted research for five years.

Finally, John Gaspervich joins Veloxint as Executive Vice President of
Manufacturing. Gaspervich brings thirty years' experience in the metal
injection molding industry, and is a leading expert in MIM parts
production and market applications. In his four-decade career working
with cutting-edge precision manufacturing technologies, Gaspervich has
held executive leadership roles in manufacturing, engineering, quality
and business development for leading North American and international
companies in the MIM industry.

Of the developments, Craig Bouchard, Chief Executive Officer of Braidy
Industries said, "A company is only as good as its people and its
community. We are only as great as our culture. To lead the rebuild of
Appalachia is a challenge and a true responsibility. We will succeed
because great people want to join us and make a difference."

About Braidy Industries:

Braidy Industries is a future-leaning advanced manufacturer of metals
for the global transportation and defense industries. The company's
first project, the Phase I construction of a greenfield aluminum rolling
mill at EastPark Industrial Center in Ashland, Kentucky, will position
the company as the low-cost provider of 300,000 annual tons of
production-ready series 5000, 6000 and 7000 aluminum sheet and plate for
the automotive and aerospace industries.

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