Hypha Laboratories Announces Completion of Phase 1 of Its State-of-the-Art Facility and Arrival of V5 Working MicroPearls(TM) Prototypes

Advancements Enhance Efficacy in Hypha's Revolutionary Home and Commercial Production Units

LAS VEGAS, NV / ACCESSWIRE / November 18, 2024 / Hypha Labs, Inc. (OTCQB:FUNI), a pioneer in functional mushroom sciences and the creator of the MicroPearls™ suite of products, is pleased to announce it has completed Phase 1 of construction and design for its Research and Production facility in Las Vegas, Nevada as well as the arrival of its V5 MicroPearls™ prototype.

Completion of Phase 1 at the facility is significant for a multitude of reasons, not least of which is it maintains the Company's anticipated timeline to begin roll-out of product sales in the fourth quarter of 2025. Secondly, the new facility allows the Company to expand and build upon its groundbreaking research which gives individuals the power to grow a broad array of functional mushrooms from the comfort and privacy of home in a predictable eight-day cycle.

"These are not just milestones for Hypha Labs, but catalytic to our progress," stated Stone Douglass, CEO, Hypha Labs, Inc. "We are moving at an accelerated pace now into one of the most lucrative categories in functional mushrooms with what we believe is a truly unique, market disruptive product offering."

The advancements at the facility and in the V5 MicroPearls™ are significant:

Facility Improvements and Additions

Hypha Labs is pleased to have completed initial construction stages and now have newly upgraded workspaces with the following improvements:

* A new sterile clean room in the Las Vegas lab to accelerate our genetic experimentation work at Hyphalabs.

* Brand new mixing lab/kitchen for larger scale inventory management and personal.

* Newly upgraded data networks and communication equipment for the lab and offices, which allowed for more applied analysis and increases the efficacy of our Artificial Intelligence (AI) systems.

* Conference room upgrades to host meetings and large data screens for information sharing or other collaborative efforts.

* Prototyping equipment now online and built-out in our mechanical/electronic lab. This makes us far more agile in our modification and enhancement efforts.

The Arrival of Version 5 MicroPearls™ Mushroom AcceleratorPrototypes

A new fleet of Version 5 MicroPearls™ prototypes has been delivered. V5 brings with it fully operational cloud-controlled microcontroller management in each bioreactor. This allows for consistent environmental profile control, motor controls, aeration controls, and more, all of which are now fully controlled and automated. The result is a more precise mushroom ingredient harvest for the home or commerical operator.

New Test Plans

New test plans will now be executed at a much higher rate, with more strains tested both at our internal Las Vegas facility and, thanks to our new video/data network, in collaboration with outside consultants.

About Hypha Labs, Inc.

The company has developed revolutionary, cutting-edge technology focused on new methods of producing the active ingredients found in a wide array of functional mushrooms using its patent-pending mushroom accelerators. The Company is positioning itself to play an important role in the burgeoning Functional Mushroom industry in addition to being a disruptive force in future and emerging mushroom opportunities. Visit us at HyphaLabs.com.

SAFE HARBOR FORWARD LOOKING STATEMENTS:

This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected revenue, contracts, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC) and on the OTC Disclosure & News Service (OTCDNS). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC and/or OTCDNS. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and secure construction contracts and the necessary assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC and/or OTCDNS filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business in the construction industry may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time. Words such as "estimate," "project," "predict," "will," "would," "should," "could," "may," "might," "anticipate," "plan," "intend," "believe," "expect," "aim," "goal," "target," "objective," "likely" or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.

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SOURCE: Hypha Labs, Inc.