Mr. Francois Byrne reports
HYBRID POWER SOLUTIONS INC. ANNOUNCES GRANT OF STOCK OPTIONS AND RESTRICTED SHARE UNITS
Hybrid Power Solutions Inc. has granted incentive securities under the company's equity compensation arrangements, subject to the approval of the Canadian Securities Exchange.
The company has granted an aggregate of 100,000 stock options to a director of the company as part of the director's yearly compensation. The options are exercisable at a price of 5.5 cents per common share for a term of five years from the date of grant.
In addition, the company has granted 58,000 restricted share units to an employee of the company as part of its employee compensation plan. The RSUs are subject to the terms of the company's equity incentive plan and applicable vesting conditions.
About Hybrid Power Solutions Inc.
Hybrid is a Canadian clean energy innovator listed on the Canadian Securities Exchange under the symbol HPSS. The company specializes in developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications. With a focus on environmental responsibility and technological innovation, Hybrid Power Solutions is committed to leading the clean energy transition.
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