Here are 1-2 brief analogies for Oblong (OBLG), based on its business when it was a standalone public company:

• Oblong was like Microsoft Surface Hub, but with a 'Minority Report'-style gestural interface for immersive, multi-screen enterprise collaboration.
• Oblong was like Cisco Webex or Zoom, but for highly interactive, multi-screen, and gestural-controlled meeting rooms and command centers.

• Mezzanine: An immersive visual collaboration platform that integrates multiple screens, devices, and content streams to enhance team productivity and interaction in meeting spaces.

Oblong (OBLG) primarily sold its advanced collaboration solutions (Mezzanine software and hardware) to other companies (B2B).

According to its financial filings (e.g., 10-K), Oblong did not have any single customer that accounted for 10% or more of its revenue during its public operating history. This indicates a diversified customer base rather than a reliance on a few 'major' customers in a financial sense.

However, Oblong's solutions were adopted by various global enterprises and government organizations. Prominent examples of companies and organizations that have been publicly identified as users or customers include:

• NTT (Nippon Telegraph and Telephone Corporation) (Public - OTC: DCOPF, TYO: 9432)
• General Electric (GE) (Public - NYSE: GE)
• IBM (Public - NYSE: IBM)
• NASA (National Aeronautics and Space Administration) (U.S. Government Agency)

Beyond these specific examples, Oblong served a broad range of Fortune 500 companies, other large enterprises across sectors like finance, technology, and manufacturing, and additional government and educational institutions globally.

Peter J. Holst, Chief Executive Officer

Pete Holst serves as Oblong's President and CEO, a position he has held since 2013. Prior to his tenure at Oblong, Mr. Holst was the CEO of Affinity VideoNet. He has a distinguished background in senior management, particularly in sales and finance, including his role as president and COO with Raindance Communications, which he successfully guided through its sale to West Corporation in 2006. He holds a degree in business administration from the University of Ottawa.

David C. Clark, Chief Financial Officer

David Clark is Oblong's CFO, where he oversees financial operations and investor relations, encompassing financial planning, reporting, accounting, tax, and treasury functions. He is a strategic finance executive with 20 years of experience in finance and accounting. His previous roles include Vice President of Finance, Treasurer, and acting CFO at Allos Therapeutics, and he spent seven years in the audit practice of PricewaterhouseCoopers LLP. Mr. Clark possesses a strong background in capital raising, financial planning and analysis, investor relations, treasury, business development, product launches, and SEC reporting.

John Underkoffler, Founder, Oblong Industries

John Underkoffler is the founder and CEO of Oblong Industries. His work on Oblong's technological and design direction is rooted in fifteen years of foundational research at the MIT Media Lab. At MIT, he was instrumental in developing innovations in real-time computer graphics systems, optical and electronic holography, large-scale visualization techniques, and the I/O Bulb and Luminous Room systems. He has also served as a science advisor for several films, including 'Minority Report', 'The Hulk', 'Aeon Flux', and 'Iron Man'.

Sam Moore, SVP IT & Operations

Sam Moore supports Oblong's IT and Operations Teams. Before joining Oblong, he was the VP of IT for Intrado, where he led Global IT Operations, NOC, and Incident Command functions. Mr. Moore was also an early employee (#3), investor, and key contributor at Raindance Communications. He brings over 20 years of leadership experience in deploying and optimizing IT infrastructure, demonstrating a history of delivering exceptional results. He earned his Bachelor of Science degree from the University of Colorado in Boulder.

null

Oblong (symbol: OBLG) has significantly shifted its business focus from collaboration technology to becoming a digital asset treasury company specializing in decentralized artificial intelligence (AI). The company's main activity now involves acquiring and staking $TAO, the native cryptocurrency of the Bittensor network.

The addressable market for Oblong's current strategy can be understood in two ways:

• Bittensor (TAO) Ecosystem Market Capitalization (Global): The market capitalization of Bittensor ($TAO) represents the direct market size of the digital asset Oblong is investing in and staking. As of November 5, 2025, the market capitalization for Bittensor (TAO) is approximately $4.18 billion. Other recent estimates range from $3.16 billion (September 2025) to $4.02 billion.
• AI in Asset Management Market (Global): Oblong's pivot places it within the broader "AI in Asset Management" market. This market encompasses the integration of AI technologies and advanced techniques into managing investments and assets. The global AI in asset management market size was estimated at approximately $4.62 billion in 2024 and is projected to grow significantly, with various reports forecasting it to reach between $17.01 billion by 2030 and $47.58 billion by 2032. The compound annual growth rate (CAGR) for this market is projected to be in the range of 23.76% to 34.37% from 2025 to 2034/2032.

Expected Drivers of Future Revenue Growth for Oblong (OBLG)

• Returns from TAO Holdings and Staking: Oblong is actively pursuing a strategy of holding and staking $TAO, the native cryptocurrency of Bittensor, a decentralized blockchain network for machine learning and AI. The company has invested significantly in TAO tokens, with the explicit goal of generating revenue through this staking within the Bittensor network.
• Partnerships with Bittensor Subnet Teams: Oblong plans to seek out and establish partnerships with various subnet teams within the Bittensor ecosystem. These collaborations are expected to generate revenue by leveraging the Company's ability to "add value" within this decentralized AI framework.
• Expansion of AI-Driven Technology Partnerships: Beyond direct engagement with Bittensor subnet teams, Oblong intends to broaden its scope by expanding its overall AI-driven technology partnerships. This wider strategic engagement in the artificial intelligence sector is anticipated to open up new revenue streams.
• Strategic Mergers and Acquisitions (M&A): Oblong's management has indicated a focus on identifying significant growth opportunities, including through mergers and acquisitions, to propel a new phase of expansion. Successful M&A activities could lead to the acquisition of businesses with existing revenue bases or create synergistic growth avenues.

Share Repurchases

• In April 2025, Oblong authorized a stock buyback program for up to $500,000 of its common stock.
• This program had the potential to repurchase approximately 25% of the company's outstanding shares at the time of authorization.

Share Issuance

• In Q2 2025, Oblong secured $6.9 million from a private placement and $1.3 million from common warrant exercises, with an additional $0.9 million from warrant exercises post-Q2.
• The company raised $2.38 million from the exercise of warrants in 2024.
• In 2023, Oblong raised $5.9 million in funding through a private placement and warrant exercises.
• Stockholders are slated to vote on amending the 2019 Equity Incentive Plan to add 2,000,000 shares and introduce an evergreen increase of 5% of outstanding shares annually from 2026 through 2029.

Inbound Investments

• Oblong raised approximately $7.5 million through a private placement of common stock, which was expected to close in June 2025.
• In Q2 2025, the company secured $6.9 million from a private placement.
• Oblong raised $5.9 million in funding during 2023.

Outbound Investments

• In September 2025, Oblong invested $7 million to acquire over 21,700 TAO tokens, the cryptocurrency for the Bittensor decentralized AI network, all of which are actively staked.
• The company is strategically pivoting its treasury strategy to focus on decentralized AI and digital assets, allocating proceeds from recent financing to acquire $TAO tokens and develop software tools for the Bittensor network.
• In Q2 2025 and subsequent to the quarter, Oblong invested a total of $8.0 million to acquire 21,613 TAO tokens.