14:59:04 EST Thu 05 Feb 2026
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Powerbank Corp
Symbol SUNN
Shares Issued 35,707,018
Close 2026-02-04 C$ 2.13
Market Cap C$ 76,055,948
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Intellistake wins $278,000 contract with Powerbank

2026-02-05 10:55 ET - News Release

See News Release (C-ISTK) Intellistake Technologies Corp

Mr. Jason Dussault reports

INTELLISTAKE TECHNOLOGIES CORP SECURES C$278,000 AI SOFTWARE CONTRACT WITH POWERBANK CORPORATION

Intellistake Technologies Corp. has entered into a contract with Powerbank Corp. following the successful completion of a closed beta program. Under the agreement, Intellistake will build and deploy two AI (artificial intelligence) agent platforms for Powerbank, including IntelliScope, the company's bespoke business intelligence platform.

Key highlights:

  • Intellistake Technologies has entered into a contract with Powerbank following the successful completion of a closed beta program, with a combined Year 1 contract value of approximately $278,000 (Canadian-dollar equivalent).
  • The agreement includes initial implementation and subscription services, with the option to extend into a continuing multiyear subscription, subject to mutual agreement.
  • The contract represents Intellistake's first implementation of its AI agent strategy and supports the commencement of enterprise software revenue.
  • The contract includes the build and deployment of two AI agent platforms: a public-facing AI communications agent and a bespoke internal multiagent business intelligence framework.
  • Both platforms progressed through approximately three months of proof-of-concept development prior to contract execution.
  • Intellistake and Powerbank have entered into a contracted phase 1 build and deployment, covering initial production rollout.

The combined Year 1 value of the two contracted platforms is approximately $278,000, representing the Canadian-dollar equivalent of the contracted U.S.-dollar amounts. The agreement includes initial implementation and subscription services, with the option to extend into a continuing multiyear subscription, subject to mutual agreement.

The contracts dated Feb. 4, 2026, include the build and deployment of two AI agent platforms:

  1. A public-facing AI communications agent designed to support structured external engagement;
  2. IntelliScope, a bespoke internal multiagent business intelligence framework intended to support operational workflows across Powerbank's organization.

Both platforms completed approximately three months of proof-of-concept development during a closed beta phase. Following internal demonstrations and technical review, Intellistake and Powerbank have now entered into a contracted phase 1 build and deployment, covering the delivery of minimum viable products (MVPs) and initial production rollout.

The public-facing AI communications agent is being developed as a secure interface embedded within Powerbank's website, enabling controlled natural-language access to verified public disclosures and structured, auditable responses to external enquiries. The platform is also intended to generate analytics reports that provide visibility into engagement patterns, frequently accessed topics and usage trends, supporting internal review and reporting.

In parallel, Intellistake is deploying IntelliScope as a bespoke internal business intelligence platform, configured for Powerbank's operational workflows. The system's first application focuses on renewable energy development in the United States, equipping Powerbank with analytical intelligence to identify optimal project sites, evaluate federal and state grant eligibility, and assess regulatory conditions and sector-specific sentiment across energy subsectors. IntelliScope is designed to consolidate fragmented data sources into a single intelligence layer, supporting faster and more informed decision making.

Jason Dussault, chief executive officer of Intellistake, commented: "Over the past three months, Intellistake has worked alongside Powerbank to design, test, and prepare these systems for live deployment. This engagement has been built through close collaboration, and we're confident in the systems being delivered into Powerbank's operating environment. This marks a meaningful step forward for the company as we continue to execute on one of our core business pillars."

Liam Harpur, vice-president of technology and development at Intellistake, added: "From a technical perspective, the focus was on validating AI system performance, data integrity and compliance controls within a real enterprise environment. The architecture we've built provides a solid foundation that can now be deployed reliably at an enterprise level."

Dr. Richard Lu, chief executive officer of Powerbank, commented: "The closed beta demonstrated how these systems can support clearer and more informed decision making across our business. These contracts allow us to move forward with deployment, and we're looking forward to seeing how these tools are applied across both our external communications and internal operations."

The deployment of these platforms reflects Intellistake's strategy as a technology company building enterprise AI systems for both external communications and internal decision making. Together, the implementations demonstrate how modular AI architectures can be applied across regulated and data-intensive environments.

The deployment of IntelliScope reinforces Intellistake's long-term objective to enable transparent, data-driven decision making for enterprises through AI infrastructure while maintaining the control and flexibility required for real-world operations.

The contract includes implementation work and continuing platform services, supporting the commencement of enterprise AI software revenue. The company expects to provide further updates as deployment milestones are achieved.

Subject to stock exchange approval, Powerbank intends to settle the payment for the agreements through the issuance of 121,723 common shares at a deemed price of $2.29 per common share.

The company and Powerbank have a common director in Paul Sparkes. Mr. Sparkes did not participate in the negotiation or approval process for this transaction.

Note: U.S.-dollar amounts have been converted to Canadian dollars at a rate of $1 (U.S.) to $1.3652 (Canadian).

About Intellistake Technologies Corp.

Intellistake Technologies is developing software solutions that leverage decentralized AI infrastructure to deliver enterprise-grade intelligence. Through validator operations, strategic token participation and the development of enterprise AI agents, Intellistake seeks to bridge the gap between emerging decentralized networks and real-world industry adoption.

About Powerbank Corp.

Powerbank is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The company develops solar and battery energy storage system (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential offtakers. The company maximizes returns through a diverse portfolio of projects across multiple leading North America markets, including projects with utilities, host offtakers, community solar and virtual net metering projects. The company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.

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