Core Points - Sparq Systems Inc. announced that its Chief Technology Officer, Dr. Majid Pahlevani, has been named an IEEE Fellow, a prestigious honor awarded to a select group of members for significant contributions to technology and engineering [1] - The IEEE Fellowship is limited to no more than 0.1% of the total IEEE voting membership, which consists of nearly half a million members [1] - Dr. Pahlevani received this honor for his development of digital control techniques in high-frequency power conversion [1] Company Announcements - The Company has granted Dr. Pahlevani an aggregate of $10,000 in deferred share units (DSUs) under its Omnibus Equity Incentive Plan, which will vest one year from the date of grant [3] - Each vested DSU entitles the holder to receive a cash payment equal to the market value of one common share or, at the board's discretion, one common share or a combination thereof [3] Company Overview - Sparq designs and manufactures next-generation single-phase microinverters for residential and commercial solar electric applications [4] - The Company has developed a proprietary PV solution called the Quad, which optimizes four PV modules with a single microinverter, simplifying design and installation while lowering costs compared to existing market offerings [4] - Sparq's head office is located in Kingston, Ontario [4]