Fort Technology posts 49% revenue growth, closes Logia USA deal
Fort Technology (Nasdaq: FRTT; TSXV: FORT) has reported approximately $7.36 million in revenue for the first half of 2026, a 49% increase year-on-year, while simultaneously closing its acquisition of a 50.1% majority interest in Logia USA Inc., a company targeting fuel integrity and backup-power applications for data centres and mission-critical facilities.
Second-quarter revenue came in at roughly $4.20 million, up approximately 60% on the same period in 2025. For context, the company's full fiscal year 2025 revenue was $10.85 million, meaning the first six months of 2026 have already delivered around 68% of that prior full-year figure.
The Logia USA deal is structured with performance-based equity rebalancing provisions. Fort's initial 50.1% ownership remains intact until Logia USA surpasses $50 million in cumulative qualifying sales, subject to profitability thresholds set out in the definitive agreement. That milestone is several times larger than Fort's historical annual revenue base, signalling a long commercialisation runway ahead.
The Logia USA rationale
The acquisition is a bet on surging data-centre power demand driven by artificial intelligence workloads, cloud computing expansion and hyperscale infrastructure build-out. Logia USA's focus on backup power reliability and fuel integrity positions it in a segment that has attracted growing attention as operators face grid-connection delays, power-density challenges and tightening uptime requirements from enterprise tenants.
The analysis accompanying the release was produced by ISP Global Capital, an independent research and commentary firm, not by Fort Technology management. ISP Global Capital applies an illustrative 5x-7x revenue multiple to a hypothetical $50 million annual consolidated revenue figure to arrive at a valuation scenario of $250 million to $350 million. The firm is explicit that this is an analytical scenario, not management guidance, and that actual results could differ materially based on commercialisation progress, customer adoption, financing, dilution and competitive dynamics.
Market context and competitive landscape
The data-centre power infrastructure segment is attracting capital from multiple directions. Established players in uninterruptible power supply, generator sets and fuel management compete alongside a new wave of startups focused on software-defined power management, battery storage integration and on-site generation. Hyperscalers including Amazon Web Services, Microsoft Azure and Google Cloud have each published multi-gigawatt capacity expansion plans, creating downstream demand for the kind of backup-power reliability services Logia USA is targeting.
For a small-cap company with Fort's current revenue base, winning named data-centre customers and demonstrating repeatable margins will be the critical near-term proof points. Investors will also watch whether the $50 million cumulative sales threshold attracts any equity dilution pressure before it is reached, and how Logia USA's technology differentiates from incumbent diesel generator and fuel-monitoring suppliers already embedded in hyperscale campuses.
Fort has not disclosed a named Logia USA customer or a signed contract with a data-centre operator at this stage. The company is dual-listed in New York and on the TSX Venture Exchange, and regulatory filings on both exchanges will provide the next substantive update on commercial progress.
The power and energy-security layer of data-centre infrastructure is moving up the agenda for enterprise buyers and investors alike, as AI-driven compute demand makes energy reliability a first-order operational concern rather than a back-office procurement decision.