Forward Industries, Inc.

General Forward Industries, Inc. is a design company that serves medical and technology customers. Through its wholly-owned subsidiaries, including Forward Industries (IN), Inc., DE Sub 1, LLC, Forward Industries (Switzerland) GmbH, Forward Industries UK Limited, Intelligent Product Solutions, Inc., and Kablooe, Inc., the company provides hardware and software product design and engineering services. These services are primarily offered to customers in the U.S. The company also acquires and holds Solana (SOL) and other digital assets, with SOL serving as its primary treasury reserve asset. On November 17, 2025, the company changed its Nasdaq Capital Market ticker symbol from FORD to FWDI. The design business offers a full range of design, engineering, and development services for various consumer and industrial electronics products. These products include medical products, smart displays, beverage vending systems, enterprise and mobile software applications, lighting, security and detection systems, cameras, wearables, and vehicle controls. Solutions are designed and developed internally, from product concept through design, engineering, prototyping, and final design for manufacturing and computer-aided design files. Services range from full development using in-house functions to targeted design and engineering support for clients with their own development teams. In-house capabilities include Electrical Engineering, Mechanical Engineering, Software Engineering, Industrial Design, User Experience/User Interface (UX/UI) Design and Development, Optical Engineering, Program Management, IoT System Architecture, and IT Support. The design segment, being service-based, requires few suppliers, though the company purchases supplies and equipment for prototypes and mock-ups, primarily from U.S.-based suppliers.