Core Insights - PowerBank Corporation is collaborating with Orbit AI to launch the Orbital Cloud, a space initiative that integrates solar energy with satellite technology for advanced digital infrastructure in low-Earth orbit (LEO) [1][2][3] Strategic Vision - Orbit AI is developing DeStarlink, a decentralized low-Earth orbit network, and DeStarAI, a suite of solar-powered orbital AI data centers, forming a unified infrastructure for global connectivity and in-orbit compute services [3][4] - The combined markets for orbital satellites, in-orbit data centers, blockchain verification, and solar-powered digital infrastructure are projected to exceed $700 billion over the next decade [4][6] Market Opportunity - The Orbital Cloud project intersects multiple rapidly expanding markets, representing a potential growth opportunity of over $700 billion driven by AI, blockchain, renewable energy, and digital sovereignty demands [9][12] - The global satellite market is projected to reach USD $615 billion by 2032, with in-orbit data centers expected to grow from USD $1.77 billion in 2029 to USD $39.1 billion by 2035 [6][12] Investment and Financial Overview - PowerBank plans to make an initial investment of USD $50,000 in Orbit AI, with an option to invest up to USD $10 million for a 20% equity stake, contingent on final agreement terms [9] - The company has a potential development pipeline of over one gigawatt and has developed renewable energy projects with a combined capacity of over 100 megawatts [11] Key Milestones - The launch of the DeStarlink Genesis-1 satellite is expected in December 2025, which will include an Ethereum wallet and blockchain node for verified transactions in orbit [6][13] - Full constellation rollout and commercialization of Orbital Cloud services are planned for 2027-2028, with autonomous network governance expected by 2028-2030 [13]

Core Insights - PowerBank Corporation has announced a partnership with Orbit AI to launch a space initiative called the Orbital Cloud, integrating advanced technologies for a new digital infrastructure in orbit [1][2] Investment Details - PowerBank plans to invest an initial $50,000 in Orbit AI, with an option to increase this to $1 million for a 2% equity stake, and potentially up to $10 million for a 20% equity stake, pending approval [3] - The transaction is expected to be finalized before the DeStarlink Genesis-1 launch, scheduled for December 2025 [3] Project Timeline - The Genesis-1 launch is planned for Q4 2025, with expansion to 5-8 orbital nodes in 2026, full constellation rollout and commercialization of Orbital Cloud in 2027-2028, and achieving autonomous large-scale orbital operations by 2030 [4] Partnership Contributions - PowerBank will provide advanced solar energy systems and adaptive thermal controls to support the satellite's future "Execution Layer," aligning with its strategy for clean power in digital asset and data center infrastructure [5] Market Growth Potential - The combined markets for orbital satellites, in-orbit data centers, blockchain verification, and solar-powered digital infrastructure are projected to exceed $700 billion over the next decade [5] - The orbital infrastructure market is expected to grow to $21.3 billion by 2029, up from $13.5 billion in 2024, with a CAGR of approximately 9.6% [6] - The global satellite market is projected to expand to $615 billion by 2032 [6] - In-orbit data centers are expected to grow from $1.77 billion in 2029 to $39.1 billion by 2035, while satellite data services are projected to increase from $12.16 billion in 2024 to $55.24 billion by 2034, with a CAGR of approximately 16.3% [7]

Financial Data and Key Metrics Changes - For the first quarter of fiscal 2026, the company reported revenue of CAD 19.2 million, an increase of approximately 27% compared to CAD 15.1 million in the same period last year [11][12] - Gross margin improved significantly from 27% to 45% year-over-year [12][27] - Net income for the quarter was CAD 1 million or CAD 0.03 per basic share, compared to a net loss of CAD 26.5 million or CAD 0.87 per basic share in the same quarter of fiscal 2025 [13] Business Line Data and Key Metrics Changes - Development fee revenue for Q1 fiscal 2026 was CAD 3.4 million, a notable increase from zero in the same period last year, reflecting higher development activities [11][12] - Revenue from EPC services increased slightly to CAD 11.9 million, up approximately 1% from the prior year [11] - Independent Power Producer (IPP) revenue grew to CAD 3.8 million, an 18% increase from CAD 3.3 million in the prior fiscal year [5][12] Market Data and Key Metrics Changes - The company is currently managing projects representing approximately 104 MW of solar and 44 MWh of battery energy storage expected to reach notice to proceed within 12 months [4] - The company has announced several projects in the U.S. and Canada, including a fully operational 3.8 MW solar power plant in New York and a 4.99 MW battery energy storage system in Ontario [6][9] Company Strategy and Development Direction - The company is focusing on expanding its IPP portfolio and advancing its development pipelines, particularly in battery storage project development [15][18] - The company is also entering the data center market and exploring environmentally friendly solutions for data centers powered by solar energy [20][21] - A strategic development agreement has been established with Intellistic Technologies to integrate AI and blockchain technologies into the company's operations [23] Management's Comments on Operating Environment and Future Outlook - Management noted that the renewable energy industry has faced significant headwinds but sees a clearer path forward due to supportive government policies [16][17] - The demand for battery storage is expected to increase due to rising electricity prices and the need for power reliability [32] - The company remains optimistic about the future of battery storage and solar energy, citing technological advancements and cost reductions [20][32] Other Important Information - The company has secured favorable financing terms and continues to maintain a strong cash position of approximately CAD 13.3 million [15] - The company is actively engaging with local communities to address concerns related to battery storage projects, which has caused some permitting delays [30][31] Q&A Session Summary Question: Factors driving the company's gross margin increase from 27% to 45% - Management attributed the increase to effective field management and procurement strategies, noting that the company has shifted to domestic procurement to maintain cost advantages [26][27] Question: Delays impacting key projects and outlook - Management acknowledged permitting delays for the SFFO6 project and interconnection challenges for other projects, but remains positive about the battery storage market due to increasing demand and electricity prices [29][32] Question: Progress in monetizing and securing safe harbor for US pipelines - Management indicated that the company is focusing on project-specific long lead items to meet new guidelines and ensure timely project delivery [34][35]

Financial Data and Key Metrics Changes - For the first quarter of fiscal 2026, the company reported revenue of CAD 19.2 million, an increase of approximately 27% compared to CAD 15.1 million in the same period last year [11] - Gross margin improved significantly to approximately 45% from 27% in the same quarter last year [12] - Net income for the quarter was around CAD 1 million or CAD 0.03 per basic share, compared to a net loss of CAD 26.5 million or CAD 0.87 per basic share in the same quarter of fiscal 2025 [13] Business Line Data and Key Metrics Changes - Development fee revenue for Q1 fiscal 2026 was CAD 3.4 million, reflecting higher development activities, whereas no development fee revenue was recorded in the same period last year [11] - Revenue from EPC services increased by approximately 1% to CAD 11.9 million in the first quarter [12] - Independent Power Producer (IPP) revenue grew to CAD 3.8 million, up from CAD 3.3 million in the prior year, marking an 18% increase [5][12] Market Data and Key Metrics Changes - The company is focusing on expanding its IPP portfolio and advancing development pipelines, particularly in the U.S. and Canada [15] - The demand for battery storage is increasing, with the company shifting marketing and sales activities towards battery storage project development [18] Company Strategy and Development Direction - The company aims to deliver a significant number of solar projects before the end of 2030, leveraging U.S. government guidance and incentives [17] - The company is entering the data center market and exploring environmentally friendly solutions for data centers powered by solar energy [20][21] - A strategic development agreement has been established with Intellistic Technologies to focus on AI and blockchain technologies [23] Management's Comments on Operating Environment and Future Outlook - The management acknowledges challenges in the renewable energy industry over the past year but sees a clearer path forward due to supportive government policies [16] - The company remains positive about the outlook for battery storage, citing increasing electricity prices and demand for reliable power solutions [32] Other Important Information - The company has secured contracts for various solar projects in New York and Nova Scotia, indicating a strong project pipeline [8][9] - The company is also exploring a Crypto Treasury Strategy using revenue from its solar assets [22] Q&A Session Summary Question: Factors driving the company's gross margin increase from 27% to 45% - The increase is attributed to effective management of field activities and procurement strategies, shifting from international to domestic content [26][27] Question: Delays impacting key projects and outlook for the market - Delays are primarily due to permitting issues and interconnection challenges, but the company remains optimistic about the battery storage market [29][32] Question: Progress in monetizing and securing safe harbor for US pipelines - The company is focusing on project-specific long lead items to meet new guidelines and ensure timely project delivery [34][35]

Financial Data and Key Metrics Changes - For Q1 fiscal 2026, the company reported revenue of CAD 19.2 million, an increase of approximately 27% compared to CAD 15.1 million in the same period last year [10][12] - Development fee revenue for Q1 fiscal 2026 was CAD 3.4 million, a significant increase from zero in the prior year [10] - Gross margin improved to approximately 45% in Q1 fiscal 2026, up from 27% in the same quarter last year [11] - Net income for the quarter was around CAD 1 million or CAD 0.03 per basic share, compared to a net loss of CAD 26.5 million or CAD 0.87 per basic share in the same quarter of fiscal 2025 [12] Business Line Data and Key Metrics Changes - Revenue from EPC services increased by approximately 1% to CAD 11.9 million in Q1 fiscal 2026 [10] - Independent Power Producer (IPP) revenue grew to CAD 3.8 million, an 18% increase from CAD 3.3 million in the prior year [5][11] Market Data and Key Metrics Changes - The company is focusing on expanding its IPP portfolio and advancing its development pipelines, particularly in the U.S. and Canada [13][15] - The demand for battery storage is increasing, with the company shifting its marketing and sales activities towards battery storage project development [17][31] Company Strategy and Development Direction - The company aims to deliver a significant number of solar projects before the end of 2030, leveraging U.S. government guidance and incentives [16] - The company is entering the data center market and exploring environmentally friendly solutions for data centers powered by solar energy [19][20] - A strategic development agreement has been established with Intellistic Technologies to focus on AI and blockchain technologies [22] Management's Comments on Operating Environment and Future Outlook - The management acknowledges the challenges faced by the renewable energy industry but sees a clearer path forward due to recent government actions [15][16] - The company remains positive about the outlook for battery storage, citing increasing electricity prices and demand [31] Other Important Information - The company has secured contracts for community solar projects in Nova Scotia, Canada, and is developing a battery energy storage system in Ontario [7][8] - The company is also exploring a crypto treasury strategy using revenue from its solar assets [21] Q&A Session Summary Question: Factors driving the company's gross margin increase from 27% to 45% - The increase is attributed to effective management of field activities and procurement strategies, shifting from international to domestic content [25][26] Question: Delays impacting project timelines - Delays are primarily due to permitting issues and interconnection challenges, which are common across the battery energy sector [27][30] Question: Progress in monetizing and securing safe harbor for US pipelines - The company is focusing on project-specific long lead items to meet new guidelines and ensure timely project delivery [32]

Core Insights - PowerBank Corporation reported fiscal first quarter 2026 revenues of $19.15 million, a 27.8% increase from $15.06 million in the same period of FY2025, with a gross margin of 44.61% [1][4] - The company returned to profitability with a net income of $1.01 million, or $0.03 per basic share, compared to a net loss of $26.49 million, or $(0.87) per basic share, in the same quarter of FY2025 [1][4] - Adjusted EBITDA for the quarter was $4.84 million, significantly up from $1.97 million in the first quarter of FY2025 [4][7] Financial Performance - Gross profit reached $8.54 million, representing 44.62% of revenues, compared to $4.14 million, or 27.47% of revenues, in the same quarter of FY2025 [4] - Cash flow from operating activities was $2.31 million, down from $7.42 million in the same period last year [7] - Current assets decreased to $35.46 million from $41.32 million at the end of FY2025, primarily due to a reduction in prepaid expenses [7][8] Project Developments - The Geddes Solar Power Project in New York State is now fully operational, generating 3.79 MW of renewable energy, enough to power approximately 450 homes annually [4] - The company executed lease and power purchase agreements for a portfolio of solar projects totaling 20 MW DC with the New York State Division of Military and Naval Affairs [4] - PowerBank is advancing several solar projects, including a 6.9 MW DC ground-mount project and a 5.7 MW project in upstate New York, both in the permitting and financing stages [4][5] Strategic Focus - The company aims to rapidly advance its project development pipeline to retain eligibility for U.S. tax credits and drive revenue growth [6] - PowerBank's strategy includes developing, financing, and constructing solar projects, with a focus on maximizing returns through a diverse project portfolio [17] - The company has a potential development pipeline exceeding one gigawatt and has developed renewable energy projects with a combined capacity of over 100 megawatts [17]

Exhibit 99.1 This Management's Discussion and Analysis ("MD&A") comments on the financial performance and financial condition of PowerBank Corporation ("PowerBank" or the "Company") for the three months ended September 30, 2025. This MD&A is presented as of November 14, 2025 and was reviewed and approved by our Board of Directors (the "Board"). Unless otherwise stated or the context otherwise indicates, all references to "PowerBank", the "Company", "we", "us" or "our" refer to PowerBank Corporation together ...

Core Insights - PowerBank Corporation's Geddes Solar Power Project in New York has received a Commercial Operation Payment of $1.47 million USD through the NYSERDA's NY-Sun Program, with an additional expected $245 thousand USD from the Inclusive Community Solar Adder [1][2][3] Group 1: Project Details - The Geddes Project, operational at 3.79 MW, is built on a closed landfill and can power approximately 450 homes annually [3] - The project qualifies for multiple incentives under the NY-Sun Program, including the Megawatt Block, Community Adder, and Landfill/Brownfield Adder [1][2] - Community solar allows homeowners to benefit from solar energy without installing panels, providing monthly credits on their electric bills [3] Group 2: Industry Context - The NY-Sun Program aims to enhance solar technology affordability and drive growth in the solar industry while supporting local job creation [2] - New York State is leading the U.S. in community solar capacity, having achieved a 6 GW solar goal under the New York State Climate Act by fall 2024 [5] - PowerBank has a development pipeline exceeding 1 GW and has completed over 100 MW of projects, positioning itself as a significant player in the renewable energy sector [4][6]

Core Insights - PowerBank Corporation is advancing the 2.6 MW Elmira solar power project in Upstate New York, which has received necessary municipal approvals and is expected to begin construction by the end of the year, pending financing [1][4] - The project will operate as a community solar initiative, allowing homeowners to benefit from solar energy without installing panels on their properties, thus reducing their electricity costs [2][4] - PowerBank has a strong track record with over 100 MW of completed projects and a development pipeline exceeding 1 GW, positioning the company as a leader in renewable energy solutions [3][4] Project Details - The Elmira project aims to contribute to New York's goal of achieving 6 GW of solar capacity by 2025, with New York currently holding nearly one-third of the U.S.'s installed solar capacity [4] - The project is expected to be eligible for incentives under the NYSERDA NY-Sun Program, enhancing its economic viability [1][4] Company Overview - PowerBank Corporation focuses on developing and owning renewable energy projects, particularly distributed and community solar projects across North America [6] - The company maximizes returns through a diverse portfolio, including projects with utilities and community solar initiatives, and has a potential development pipeline of over 1 GW [6]

Core Insights - PowerBank Corporation is strategically expanding into the data center market, driven by increasing power generation demand and the growth of AI and cloud computing [2][4]. Industry Overview - Cumulative new U.S. power generation demand is expected to reach 450 gigawatts by 2030, with energy demand in Ontario projected to increase by 75% by 2050 [2]. - The data center market is valued at USD 242.72 billion in 2024 and is projected to grow to USD 584.86 billion by 2025 [2]. Company Strategy - PowerBank has over 100 MW of completed projects and a development pipeline exceeding 1 GW, focusing on data center power supply, storage, and development [4][6]. - The company is currently evaluating potential data center opportunities and intends to leverage its expertise in energy infrastructure [4]. Market Demand - The expansion of AI, cloud computing, and high-performance computing is significantly driving the demand for data centers, which may consume as much as 9% of total U.S. electricity by 2030 [3].