Mr. Peter Medved reports

GLOBAL POWER SOLUTIONS SIGNS LOI TO EVALUATE DATA CENTRE POWER DEVELOPMENT THAT COULD SUPPORT UP TO 100 MW OF DECENTRALIZED ENERGY INFRASTRUCTURE IN NORTH AMERICA

Global Power Solutions Corp. has entered into a non-binding letter of intent with North American Data Centers and Power Ltd. (NADCAP) to evaluate the potential development of decentralized power infrastructure in connection with a planned high-density data centre campus in North America that could ultimately support up to 100 megawatts of power capacity.

The LOI establishes a framework for collaboration between the parties as they assess the technical, commercial, regulatory and financial feasibility of the proposed project.

Pete Medved, chief executive officer of Global Power Solutions, commented: "This LOI with NADCAP represents an important step forward for Global as we continue exploring decentralized power solutions for energy-intensive digital infrastructure. As demand for AI, cloud computing and other high-density computing applications continues to grow, there is increasing interest in scalable and flexible power platforms that can complement or operate alongside traditional grid infrastructure. Through this proposed collaboration, we look forward to working with NADCAP to complete a detailed project overview and evaluate a potential development that could support up to 100 megawatts of power capacity, while also assessing opportunities for future collaboration should the project prove viable."

Under the LOI, the parties intend to evaluate a purpose-built data centre campus designed to support compute-intensive applications including artificial intelligence workloads, cloud computing and other high-density computing applications, with final end use to be determined based on market demand and site selection.

The contemplated project is expected to emphasize advanced power and cooling infrastructure, flexible design, and access to reliable and cost-effective energy. The site remains under evaluation within North America, with selection criteria focused on power availability, connectivity and regulatory alignment.

The proposed collaboration is centred on the potential deployment of modular, decentralized energy infrastructure intended to enhance resilience, scalability and long-term cost competitiveness. While Global's core focus under the LOI is hydrogen-powered modular energy systems, the parties have also acknowledged that the final power configuration may include hydrogen and/or natural-gas-based generation, subject to the outcome of feasibility work and project evaluation.

The parties also intend to assess opportunities to integrate low-carbon or renewable energy inputs where feasible.

As contemplated in the LOI, Global is expected to lead the project's development and technology strategy, including system architecture evaluation, engineering co-ordination, capital formation discussions and procurement planning, as well as the potential formation of one or more special-purpose entities to develop and operate the project.

NADCAP is expected to act as site host and prospective offtake counterparty, providing site access, load and operational data, and support for local co-ordination and project integration.

The LOI also outlines a pathway toward a more formal project structure, including completion of a comprehensive project overview, feasibility and technical studies, evaluation of permitting and regulatory requirements, and negotiation of definitive agreements.

These definitive agreements may include a long-term power purchase agreement between NADCAP and the applicable project entity, along with project-level development, operating and financing documentation.

The project is currently envisioned as a phased development, which may begin with an initial deployment and potentially expand toward a larger buildout, subject to technical validation, capital availability, permitting and commercial alignment.

The parties have also expressed an interest in assessing whether the proposed model could be replicated across additional sites or jurisdictions, subject to the outcome of project evaluation and future agreements.

The LOI is non-binding, except for certain customary provisions, and either party may terminate discussions at any time. There can be no assurance that the parties will enter into definitive agreements or that the proposed project will proceed on the terms currently contemplated, or at all.

About Global Power Solutions Corp.

Global Power Solutions is a company well known for its pioneering efforts in the manufacture of light gauge steel components for the construction industry and modular metal buildings. The business strategy of the company is being expanded to the pursuit of other industrial opportunities, including the development and execution of renewable energy and other clean energy infrastructure projects.

We seek Safe Harbor.