AIQ and Weatherford Sign Strategic Partnership to Accelerate Efficiency in Energy Production

• AIQ to integrate Weatherford’s software and hardware solutions, including the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad, with its robust AI-driven systems

ABU DHABI, UAE and HOUSTON, Texas, April 22, 2025: AIQ, the Abu Dhabi-based artificial intelligence (AI) champion developing innovative solutions for the energy sector, and Weatherford International plc (NASDAQ: WFRD) (Weatherford), today announced the signing of a strategic collaboration agreement to bring transformative efficiency to energy production, leveraging advanced automation, data-driven insights, and the power of AI technology.

The collaboration aims to integrate Weatherford's world-class software and hardware solutions, including the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad, with AIQ's robust AI-driven systems. By combining these advanced tools, AIQ and Weatherford will enable operators to optimize their production workflows, reduce downtime, and significantly enhance operational efficiency across global energy facilities.

Magzhan Kenesbai, Acting Managing Director of AIQ said, “This partnership marks another step in AIQ’s mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain. By integrating our advanced AI-driven tools with Weatherford's energy-specific technology, we are delivering greater efficiencies to the industry through the development of scalable, automated applications. Together, we are set to empower operators to optimize their workflows, reduce downtime, and achieve unparalleled operational excellence.”

Girish Saligram, President and Chief Executive Officer of Weatherford, commented, “We are excited to partner with AIQ to bring innovative, AI-driven solutions to the energy industry. This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximize their operational efficiency, enhance automation, and reduce costs. By combining our strengths, we are leading the way in helping operators modernize their workflows and achieve greater success in today’s rapidly evolving energy landscape.”

Key Highlights of the Strategic Partnership include:

• Modern Edge Integration: The partnership will combine AIQ's AI technology with Weatherford's Modern Edge, providing operators with the ability to scale their work processes efficiently while ensuring an economic return. This integration will empower customers to modernize their edge operations, facilitate autonomous production, and offer the flexibility to expand operations, all while optimizing resource usage and reducing costs.

• Unified Data Model: Weatherford’s Universal Normalizer will work in tandem with AIQ’s capabilities to harmonize multi-asset data, combining operational and financial analysis into a unified, API-supported data model. This will drive smarter decision-making and streamline operations across facilities.

• WFRD Software Launchpad: Through the WFRD Software Launchpad, customers will gain the ability to procure all of their software needs via a comprehensive industrial SaaS platform. This eliminates the complexity of managing multiple systems and vendors, providing a single point of access for all Weatherford and partner-built applications, while ensuring data security and autonomy within their own network.

By combining their strengths, AIQ and Weatherford will enable the energy sector to unlock unprecedented efficiencies, boost productivity, and reduce operational costs. This partnership is a significant step forward in the delivery of innovative solutions that empower operators to succeed in an increasingly competitive and data-driven industry.

Picture caption: David Reed, EVP & Chief Commercial Officer of Weatherford and Magzhan Kenesbai, Acting Managing Director of AIQ.