17:55:02 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Hybrid Power Solutions Inc
Symbol HPSS
Shares Issued 73,488,665
Close 2024-04-10 C$ 0.30
Market Cap C$ 22,046,600
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Hybrid Power delivers backup units to Internet provider

2024-04-11 10:16 ET - News Release

Mr. Francois Byrner reports

HYBRID POWER SOLUTIONS DELIVERS BACKUP POWER UNITS TO GLOBAL FIBRE INTERNET PROVIDER

Hybrid Power Solutions Inc. has sold and delivered initial purchase units to a global fibre Internet provider in California. After months of rigorous testing, this client selected Hybrid Power's Batt Pack Energy as its preferred backup power solution with the intent to roll this solution out across various locations.

This initial order represents an ongoing deployment of fuel-free backup power to the customer's key infrastructure and plays a vital role in the company's essential services department.

"Providing reliable and clean power to numerous networking devices during power outages is essential for our customer's business continuity and safety measures," said Francois Byrner, chief executive officer at Hybrid Power Solutions. "As power reliability becomes crucial for revenue generation, rapidly deployable backup power solutions are becoming indispensable in network operations."

The Batt Pack Energy was originally designed for the mining sector, and is now used in transit, construction and military applications. Featuring a robust exterior for everyday use, the Batt Pack Energy features 3,000 watts of continuous power and up to 6,000-watt surge capacity. With built-in shock and vibration resistance and a weatherproof design rated down to minus-30 degrees C (minus-22 degrees F), the Batt Pack Energy is engineered for reliable performance in extreme environments.

"We are proud to support our customers with innovative and versatile power solutions that meet their critical operational needs," added Mr. Byrner. "The deployment of our Batt Pack Energy units underscores our commitment to providing reliable, efficient and sustainable power solutions for essential services."

The company also announces a renewal agreement with MIC Market Information & Content Publishing GmbH for marketing services which will continue to May 30, 2024, or until budget exhaustion. MIC will utilize the company's on-line programs with the aim of increasing investor awareness and interest in the company through various on-line platforms and methods of engagement in consideration of 250,000 euros. The marketing activity will occur by e-mail, Facebook and Google. MIC does not have any prior relationship with the company other than previous marketing engagements and will not receive any shares of the company as compensation.

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, HPS continues to lead the way in providing scalable, cost-effective power solutions.

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