Dear Investors,
The market for enterprise software has undergone a seismic shift over the past 12 months. The AI revolution is not a buzzword — it is fundamentally reshaping how businesses evaluate and adopt technology. Traditional SaaS sales cycles have become more challenging as companies reassess their software investments in light of what AI can now deliver. For TORQN, this shift has presented both headwinds and a significant opportunity.
Rather than resist this change, we are leaning into it. We are reimagining how TORQN works in line with current AI technology, ensuring our products are not just relevant but essential to the companies we serve.
DOCS.AI — A ChatGPT for Your Procedures
Our most significant product development is DOCS.AI, and it sits squarely at the intersection of AI and the real-world problems our target industries face every day. DOCS.AI solves a persistent and costly problem: getting critical, up-to-date information into the hands of a workforce that typically does not have access to computers.
Think of it as a ChatGPT for your company's standard operating procedures, safety manuals, and technical documentation. A frontline worker can simply ask a question in plain language and receive an accurate, referenced answer drawn directly from the company's own documents. No searching through folders, no flipping through binders, no waiting for someone in the office to respond.
Visit docs.torqn.com to learn more, or forward this link to anyone who could benefit.
Illawarra Coal — DOCS.AI Trial Commencing
We are pleased to announce that we are commencing a trial of DOCS.AI with Illawarra Coal, a major underground coal mining operation in the Illawarra region. This represents a significant validation of the product and its potential to enhance safety, compliance, and productivity on site.
The trial will demonstrate how DOCS.AI can provide instant, AI-powered access to critical procedures and documentation for frontline mining personnel — exactly the kind of high-stakes environment where this technology delivers the most value.
Reimagining TORQN for the AI Era
Beyond DOCS.AI, we are actively reimagining the broader TORQN platform to align with the capabilities that modern AI technology makes possible. The knowledge-sharing model that TORQN was built on remains as relevant as ever, but the way that knowledge is captured, organised, and delivered is evolving rapidly. We intend to be at the forefront of that evolution rather than playing catch-up.
More details on this direction will follow in future updates as development progresses. The core mission has not changed — we are still solving the problem of getting hard-won frontline knowledge out of people's heads and into the hands of those who need it — but the tools we use to do it are becoming significantly more powerful.
Financial Position
Attached to this email you will find the company financials for your records and any tax or compliance requirements. We encourage all shareholders to review the attached documents at your convenience. Should you have any questions regarding the financials, please do not hesitate to contact Troy directly.
We are channelling all efforts into commercialising our AI products and have reduced spending on marketing and development while we secure revenue-generating customers. Currently we have runway through until 2027 without additional equity required, though may consider equity on the right terms and valuation to accelerate these plans.
Hitachi Ventures
We have had preliminary discussions with Hitachi Ventures and conversations are continuing around both TORQN Enterprise and DOCS.AI. Stay tuned.
How Shareholders Can Help
This is where we need your help. We are actively running outbound outreach to companies that would benefit from DOCS.AI, but we know that the most powerful introductions come from trusted relationships — and that is where our shareholders are uniquely positioned.
If you know a company that struggles to get critical procedures, safety documentation, or technical information into the hands of their frontline workforce, DOCS.AI was built for them. This product is ready to deploy now. It is not a future roadmap item — it is live, it works, and the Illawarra Coal trial is proof of the demand.
We would be hugely grateful if you could put us in touch with any companies that could benefit from this technology. Even a simple introduction or a forwarded email can open the door to a conversation. If you can help us line up a meeting, we will take it from there.
Share this link with anyone who should see it: docs.torqn.com
Please reach out directly to Troy to discuss any introductions or to arrange a demonstration of DOCS.AI for a potential client.
Summary
The AI revolution has changed the game for enterprise software, and we are meeting it head-on. DOCS.AI is a timely, powerful product that solves a real problem for heavy industry. The upcoming trial with Illawarra Coal validates the demand, and we are reimagining the broader TORQN platform to harness AI across everything we do.
Your support in making introductions to companies that need this technology would be invaluable. Together, we can accelerate adoption and build the next chapter of TORQN.
Sincerely,
Troy McDonald
Founder