18:07:35 EDT Wed 19 Aug 2026
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Evolution Powerx Corp
Symbol E
Shares Issued 81,211,876
Close 2026-08-19 C$ 1.70
Market Cap C$ 138,060,189
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Evolution Powerx obtains exclusive Canadian SPG4 deal

2026-08-19 16:30 ET - News Release

Mr. Leonard Jaroszuk reports

NEWS RELEASE EVOLUTION POWERX EXPANDS INTO LARGER-SCALE DISTRIBUTED POWER WITH EXCLUSIVE CANADIAN SPG4 TURBINE AGREEMENT

Evolution PowerX Corp. has entered into a Canadian exclusive distribution agreement for the SPG4 3.2 megawatt (ISO rated) combustion turbine generator.

Under the agreement, Signal Power Group and Evolution Power have entered an exclusive Canadian distribution arrangement for the SPG4 combustion turbine generator platform, establishing Evolution as Signal's exclusive distributor for the platform across Canada. This arrangement provides Evolution with the exclusive right to market, promote, rent, sell and distribute SPG4 turbine units throughout all provinces and territories of Canada. The agreement establishes a framework for Evolution to develop the Canadian market for the SPG4 platform, supported by Signal through product information, technical training and OEM (original equipment manufacturer) technical support. Evolution will maintain the inventory, demonstration equipment, parts and field-service capabilities required to support Canadian customers, while the parties will collaborate on customer opportunities, service performance and joint marketing initiatives. Signal's established turbine supply and manufacturing capabilities provides a strong foundation to support Evolution's continued growth and expanding market presence across Canada.

The addition of the SPG4 significantly accelerates Evolution's power generation capabilities and broadens the company's addressable market beyond its established mobile and distributed power applications. Delivering 3.2 MW from a single compact, natural gas turbine platform, the SPG4 enables Evolution to pursue larger-scale power requirements while retaining the flexibility to configure solutions for mobile, semi-permanent or permanent installations. The increased generating capacity creates opportunities across a wider range of industrial and commercial markets, including large-scale energy operations, mining, combined heat and power (CHP), remote and grid-constrained facilities, and the rapidly expanding data centre sector. Importantly, the SPG4 complements Evolution's existing smaller-scale, Flex turbine fleet, allowing the company to offer a broader spectrum of scalable power solutions and positioning Evolution to participate in projects requiring substantially greater power density, capacity and long-term deployment.

"The combination of our exclusive Canadian relationships with FlexEnergy and Signal Power Group represents an important strategic advancement for Evolution and further strengthens our position in the distributed power market," said Leonard D. Jaroszuk, chairman and chief executive officer of Evolution PowerX. "With these generation platforms, and the ability to synchronize multiple units into larger scalable power systems, we can now address a significantly broader spectrum of customer requirements with turbine-based solutions." Mr. Jaroszuk adds that, "These advanced offerings fortifies our position as a leading provider of flexible, scalable distributed power solutions in Canada."

"Evolution PowerX is an important partner for Signal as we expand the SPG4 platform into the Canadian market," said Blaine Wilbanks, chief executive officer of Signal Power Group. "We are excited to work with the Evolution team to bring Signal's proven turbine technology and power generation capabilities to a broader range of customers across Canada. Evolution's market presence, operating experience and customer relationships make them a strong partner to represent the SPG4 platform in this important market."

The addition of the SPG4 represents a natural extension of Evolution's established natural gas-to-electricity business and the operating expertise developed through its growing fleet of 333-kilowatt FlexEnergy turbine generators, the gold standard in microturbines. Evolution's exclusive Canadian relationship with FlexEnergy provides the company with a strong foundation in turbine-based power generation, through which it has successfully deployed the 333 kW platform across a broad range of mobile and distributed power applications, including multiunit configurations synchronized to create scalable microgrids. The 3.2 MW SPG4 builds upon this proven operating model by extending the same core principles of reliable and fuel-flexible turbine generation into a substantially larger power class. The SPG4 through its own multiunit synchronized configurations expands the range and scale of projects the company can address, allowing Evolution to more efficiently match generating capacity to customer requirements while leveraging its existing expertise in turbine operations, power distribution, microgrid integration, mobilization and field service.

About Evolution PowerX Corp.

Evolution PowerX is a Canadian power solutions and specialized infrastructure company delivering reliable, scalable, and lower-emission energy solutions to industrial and commercial customers. Through its growing portfolio of natural gas turbine generation, mobile and semi-permanent power systems, microgrid integration, and complementary site infrastructure, Evolution provides flexible concept-to-completion solutions engineered around customers' operating requirements. Building on more than two decades of experience supporting some of Canada's largest energy and resource companies, Evolution is expanding its capabilities beyond traditional energy services into broader power markets.

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