21:59:08 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Hybrid Power Solutions Inc
Symbol HPSS
Shares Issued 72,707,415
Close 2024-02-06 C$ 0.41
Market Cap C$ 29,810,040
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Hybrid Power signs distribution deal with Fastening

2024-02-06 09:56 ET - News Release

Mr. Francois Byrne reports

HYBRID POWER SOLUTIONS ANNOUNCES PARTNERSHIP WITH FASTENING HOUSE & SABER INDUSTRIAL FOR INDUSTRIAL DISTRIBUTION IN CANADA

Hybrid Power Solutions Inc. has signed a strategic distribution agreement with Fastening House, a Canadian tool and equipment supplier. This partnership marks a pivotal moment in the advancement of fuel-free, portable power solutions across Canada, with a heavy focus on the construction industry.

Fastening House, a trusted source for tools and equipment since its founding in 1958, has been a cornerstone in the industrial supply sector for the past 65 years. With its recent acquisition of Sabre Industrial Supplies Ltd., Fastening House has expanded its reach to the West Coast, enhancing its capabilities to serve a broader customer base.

Francois Byrne, chief executive officer of Hybrid, expressed enthusiasm about the partnership, stating: "We are excited to collaborate with Fastening House as our national industrial distribution partner. Their extensive industry experience, commitment to quality and national presence make them an ideal partner to bring our innovative energy solutions to industrial customers across the country."

Jessee Schaefer, chief executive officer of Fastening House, also commented on the collaboration, saying: "Fastening House and Saber Industrial are dedicated to providing our customers with top-quality products and solutions. Partnering with Hybrid Power Solutions aligns with our commitment to offering innovative and sustainable power solutions to our industrial clients. We look forward to a successful collaboration that will contribute to the advancement of clean energy adoption in the industrial sector."

The partnership between Hybrid Power Solutions and Fastening House represents a significant step toward advancing clean energy adoption in the industrial sector.

About Hybrid Power Solutions Inc.

Hybrid Power Solutions is a Canadian clean energy company listed on the Canadian Securities Exchange under the symbol HPSS. Hybrid specializes in the development of sustainable energy solutions, offering products that redefine how industries approach access to power and energy storage. With a focus on innovation and environmental responsibility, Hybrid Power Solutions continues to lead the way in providing scalable, cost-effective power solutions.

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