Dr. Richard Lu reports

AI FOR ALL: POWERBANK CORPORATION COMMENTS ON CANADA'S AI STRATEGY, HIGHLIGHTING ALIGNMENT WITH ITS ENERGY INFRASTRUCTURE AND MODULAR DATA CENTER VISION

Powerbank Corp. today commented on the government of Canada's AI for All national artificial intelligence strategy, recently announced by Prime Minister Mark Carney in Toronto.

The federal strategy, launched June 4, 2026, targets an additional $200-billion of economic growth and 250,000 new artificial-intelligence-related jobs over the next five years, with a goal of increasing AI adoption across Canadian businesses from approximately 12 per cent today to 60 per cent by 2034. The strategy explicitly identifies energy and natural resources as one of the priority sectors that would benefit from strategic investment for commercial success and sovereign resilience.

In addition to priority sectors, the strategy introduces six pillars. Powerbank's work aligns closely with both Pillar 3: Powering AI Adoption for Shared Prosperity and Pillar 4: Building the Canadian Sovereign AI Foundation. Within Pillar 3, the company's collaboration with Intellistake Technologies Corp. (Canadian Securities Exchange: ISTK) demonstrates the strategic use of enterprise AI to accelerate the business as a Canadian SME. Within Pillar 4, Powerbank views the discussion on sustainable power and sovereignty as consistent with its own strategic announcement on June 1, 2026, in which the company positioned AI compute infrastructure and modular data centre development as a core strategic vertical, alongside its existing solar and battery energy storage platform.

As noted in that announcement, hyperscale AI data centres are expected to become among the largest consumers of power in history, placing significant strain on electricity grids across North America. Powerbank's development pipeline of over one gigawatt across Canada and the United States positions the company to potentially provide on-site, reliable power generation for AI and digital operations at a time of unprecedented demand.

The federal strategy also includes plans to build a world-leading public AI supercomputing infrastructure as part of a sovereign Canadian AI foundation, encompassing compute, cloud, connectivity, data and talent, so Canadian researchers, businesses and public institutions can develop and deploy AI on Canadian terms. The company believes that buildout will require meaningful investment in energy infrastructure across the country.

Powerbank's enterprise AI deployment

Powerbank has also been developing and deploying AI tools internally for its own business operations. Since July, 2025, the company has been working with Intellistake whose IntelliScope platform is an enterprise AI suite designed to integrate AI agents into structured business workflows. Following approximately three months of closed beta testing that began in November, 2025, Powerbank signed two deployment contracts with Intellistake in February, 2026. The first deliverable, a public-facing AI communications agent providing investors, analysts and other market participants with structured, auditable access to Powerbank's disclosures, went live on the company's corporate website on April 8, 2026. The second, IntelliScope's internal business intelligence platform, was deployed in May, 2026, onto dedicated sovereign AI infrastructure hosted outside the jurisdictional reach of major United States cloud providers and powered by 100-per-cent renewable energy. IntelliScope's first application is configured for Powerbank's U.S. renewable energy development operations, providing analytical support for site identification, grant eligibility assessment and regulatory monitoring across the company's one-gigawatt-plus development pipeline. The company views this work as a practical demonstration of the federal government's stated objective of helping Canadian businesses in the energy sector adopt AI to raise productivity and improve decision-making.

"The strategic announcement from Prime Minister Carney reinforces what we stated last week: the AI economy runs on power, and Canada is making a deliberate national commitment to participate in it," said Dr. Richard Lu, chief executive officer of Powerbank. "The federal strategy names energy as a priority sector for AI adoption, and it is directing substantial resources toward the compute and digital infrastructure that will define Canada's economic competitiveness for decades. Powerbank has spent years developing exactly the kind of grid-connected, distributed energy infrastructure that this moment calls for. We believe our existing pipeline, our development expertise and our focus on behind-the-meter power solutions align directly with the infrastructure needs that Canada's AI ambitions will create."

There are several risks associated with the development of any data centre. Powerbank is expanding into the data centre industry but it does not currently have any data centre projects under development or that it has secured rights to. It is in discussions with various other parties regarding potential data centre opportunities and will provide details in a future news release if an agreement to acquire or develop a data centre is concluded. The development of any data centre project is subject to identification of a suitable project site, receipt of required permits, entry into contracts for construction and the use of the data centre, the availability of third party financing arrangements for the company and the risks associated with the construction of a data centre. In addition, governments may revise, reduce or eliminate incentives, and policy support schemes for renewable energy, which could result in future projects no longer being economic.

About Powerbank Corp.

Powerbank is a vertically integrated and independent North American energy company helping to power the digital economy. The company develops, builds, owns, and operates solar and battery energy storage systems that deliver reliable, resilient, and behind-the-meter power to the electricity grid, commercial and industrial clients, and municipal and residential off-takers. As AI and digital infrastructure drive unprecedented electricity demand, Powerbank is uniquely positioned to deliver the speed, scale, and energy independence that the next generation of power consumers requires. The company has a potential development pipeline of over one gigawatt and has developed energy projects with a combined capacity of over 100 megawatts.

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