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Hybrid Power Solutions Announces Non-Brokered Life Offering
Thenewswire· 2025-10-22 21:05
Core Viewpoint - Hybrid Power Solutions Inc. is initiating a non-brokered private placement to raise between approximately CDN$1,000,000 and CDN$2,000,000 by offering 16,666,667 to 33,333,333 units at a price of CDN$0.06 per unit [1] Group 1: Offering Details - Each unit will consist of one common share and one whole common share purchase warrant, with the warrant exercisable at CDN$0.10 for 24 months [2] - The company may accelerate the expiry of the warrants if the share price exceeds CDN$0.20 for 20 consecutive trading days [2] - Certain insiders may participate in the offering, which is expected to be exempt from formal valuation and minority shareholder approval requirements [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for company operations, product and company research and development, sales growth initiatives, marketing, and general corporate purposes [4] Group 3: Regulatory Compliance - The units will be offered to purchasers in Canada (excluding Quebec), the United States, and offshore jurisdictions, in compliance with applicable regulatory requirements [5] - The shares and warrants are expected to be immediately freely tradeable under Canadian securities legislation [5] - Completion of the offering is subject to necessary regulatory approvals, including from the Canadian Securities Exchange [7] Group 4: Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator focused on developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications [10]
Hybrid Power Solutions Receives Order from Canadian Municipality for Batt Pack Energy Units
Thenewswire· 2025-10-21 20:25
Core Insights - Hybrid Power Solutions Inc. has received an order for three Batt Pack Energy units from a Canadian municipality, marking a significant step in its growth within the municipal and government sectors [1][2] - The company's clean energy technology is gaining trust as municipalities seek reliable, zero-emission alternatives to traditional gas and diesel generators [3] - The Batt Pack Energy is a compact, high-output power pack designed for industrial and commercial applications, offering the same power capabilities as traditional generators without noise, fumes, or fuel dependency [3][4] Company Developments - Hybrid Power Solutions has entered into a debt settlement agreement with Cascade Ventures Ltd. to settle outstanding trade payables totaling CDN$42,500 [5] - The company will issue 750,000 common shares at a deemed price of $0.05 per share and pay CDN$5,000 in cash as part of the debt settlement [6] - The debt settlement is subject to approval by the Canadian Securities Exchange and will not create a new control person or involve finder's fees [7] Product Features - The Batt Pack Energy offers 2.5kWh of energy capacity with over 3,500 cycles, 3,000W continuous output, and 6,000W peak surge [8] - It includes integrated solar, grid, or vehicle charging inputs for flexible recharging and weighs just 36kg, making it truly portable under tough conditions [8] - The company focuses on eliminating the need for fossil fuels in off-grid and remote applications, emphasizing environmental responsibility and technological innovation [9]
Hybrid Power Solutions to Showcase Innovative Clean Energy Technology at the 2025 Best Defence Conference
Thenewswire· 2025-10-20 12:31
Core Insights - Hybrid Power Solutions Inc. is participating in the Best Defence Conference on October 21-22, 2025, in London, Ontario, showcasing its sustainable battery and hybrid power systems [1][2] Company Overview - Hybrid Power Solutions is a Canadian developer focused on sustainable battery and hybrid power systems, aiming to eliminate fossil fuel dependency in off-grid and remote applications [4] - The company is listed on the Canadian Securities Exchange under the symbol "HPSS" and emphasizes environmental responsibility and technological innovation [4] Conference Participation - The Best Defence Conference is a key forum for the aerospace, defence, and public safety sectors, where Hybrid Power Solutions will demonstrate its zero-emission, fuel-free portable power systems [2][3] - The company will engage in B2B and B2G matchmaking meetings with industry and government representatives, enhancing its visibility in the defence and public safety sectors [3] Strategic Focus - Hybrid Power Solutions aims to support military operations, disaster relief, and critical infrastructure with its clean and reliable power systems [3] - The company's recent milestones include being listed on the California Air Resources Board's Zero-Emission Generator list and forming high-profile collaborations across North America, indicating its expansion into defence and government markets [4]
Hybrid Power Solutions Provides Update on Embedded IoT Technology and Unified Fleet Management Platform Expected to Launch Q1 2026
Thenewswire· 2025-10-17 12:25
Core Insights - Hybrid Power Solutions Inc. is advancing its new unified fleet and remote management platform, entering final testing for an embedded IoT system aimed at enhancing connectivity and operational intelligence across its battery power systems [1][5] - The commercial launch of the new system is expected in Q1 2026, featuring integrated cellular, GPS, Wi-Fi, and Bluetooth Low Energy capabilities, compatible with both new and existing units [2] Group 1: Key Features and Benefits - Real-Time Location Tracking: The system will provide continuous GPS-enabled location data for units [3] - Data Collection and System Optimization: Users will gain insights for optimizing performance and usage patterns through continuous monitoring [3] - Fleet Management and Remote Oversight: Operators can remotely manage and troubleshoot multiple systems via a unified platform [3] Group 2: Security and Support - Theft Deterrence and Recovery: The system allows for remote deactivation and tracking of stolen units, enhancing security for asset owners [4] - Technical Support Integration: Remote diagnostics will enable faster and more proactive customer support from the service team [4] Group 3: Strategic Vision - The IoT and connectivity platform signifies a major advancement in energy management, allowing customers to reduce downtime and enhance operational efficiency [5] - The CEO emphasizes the evolution of customer interaction with power systems, combining energy storage with advanced connectivity and data intelligence [6]
Hybrid Power Solutions Announces Sale of Three Batt Pack Pro Units to Tire Butler
Thenewswire· 2025-10-16 12:30
Core Insights - Hybrid Power Solutions Inc. has successfully sold three Batt Pack Pro units to Tire Butler, marking a significant step in its expansion into the mobile service and automotive sectors [1][2] - The partnership with Tire Butler, announced on September 25, 2025, aims to provide cleaner, emission-free power solutions for mobile service providers [2][3] - The Batt Pack Pro units are designed to eliminate the need for traditional gas generators, offering a sustainable energy solution for various industries [3][4] Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian Securities Exchange under the symbol "HPSS," focusing on portable power systems that reduce reliance on fossil fuels [5] - The company emphasizes environmental responsibility and technological innovation, aiming to lead the clean energy transition [5] Industry Trends - There is a growing demand for cleaner and more cost-effective alternatives to fossil fuel-based generators as businesses increasingly seek sustainable power solutions [4]
Worksport Ltd. Successfully Closes $10 Million Regulation A Funding; Launch-Ready and Fully Capitalized for Early 2026 Cash Flow Positivity
Globenewswire· 2025-10-15 12:01
Core Insights - Worksport Ltd. has successfully completed a $10 million Regulation A offering, eliminating near-term capital uncertainty and enabling acceleration of product launches and operational growth initiatives in clean energy and automotive sectors [2][4][5] Funding and Capital Structure - The offering attracted strong participation from new retail and family office investors, featuring $4.50 warrants that provide success-based growth capital, exercisable as Worksport's valuation increases [3][4] - The capital raised is deemed sufficient to fund new product commercialization and support growth towards cash-flow positivity [5][6] Product Launch and Commercialization - Proceeds from the offering will be used to complete the commercial rollout of Worksport's flagship products, including the COR portable power system and SOLIS solar tonneau cover, both expected to launch in Q4 2025 [4][5] - The company is on track to announce official launch dates, specifications, and pricing soon as it scales production and expands its dealer network [5] Operational Performance - Worksport has achieved its fourth consecutive monthly sales record, with gross margins reaching 31%, one quarter ahead of schedule, indicating strong operational momentum [6] - The company is progressing towards sustained profitability and long-term value creation, supported by growing B2B adoption and enhanced U.S. manufacturing efficiencies [6] Strategic Vision - The CEO emphasized that completing the offering marks a defining moment for Worksport, enhancing market visibility and securing capital to launch clean-energy products, positioning the company for future growth and cash-flow positivity [4]
Hybrid Power Solutions reports Annual Financial Results
Thenewswire· 2025-09-30 03:10
Core Insights - Hybrid Power Solutions Inc. reported financial results for the fiscal year ending May 31, 2025, highlighting significant operational and financial developments [1] Fiscal Year 2024 Business Highlights - The company signed strategic partnerships with multiple distributors in Canada and the US, including Colony Hardware and Drive Products [2] - Hybrid Power Solutions sold 105 Batt Pack Pros to a major utility in California and secured sales to US military divisions [2] - Ongoing demonstrations are being conducted with major Canadian rental companies and national home builders [2] - The company launched new Hybrid Spark sizes to meet increasing power demands and initiated the development of cross-platform fleet management software [2] Fiscal Year 2024 Financial Highlights - Revenue for the period ending May 31, 2025, was $2,801,100, representing a 15% increase from $2,437,507 in the previous year [2] - Expenses decreased by 50%, totaling $3,254,599 compared to $6,506,186 for the fiscal year ending May 31, 2024 [2] - The net loss for the period was $2,928,841, significantly reduced from a net loss of $6,512,440 in the prior year [2] Corporate Highlights - The company appointed Muneer Yoosuf as Chief Financial Officer and added two new members to the board of directors [2] - Hybrid secured matching funding of C$2,250,000 from the Federal Economic Development Agency for Southern Ontario [2] - The company completed a non-brokered shelf offering of C$541,800 and a prospectus offering of C$600,000 [3] Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator focused on developing portable power systems that eliminate fossil fuel dependency in off-grid applications [3]
Hybrid receives additional Batt Pack Energy Units Order for US Air Force, Initial sale to Mining Technology Customer and Exhibitor at GC Expo
Thenewswire· 2025-09-18 12:45
Core Insights - Hybrid Power Solutions Inc. has received a repeat order for twelve Batt Pack Energy units from the United States Air Force, indicating strong ongoing demand from military-related organizations [1] - The company has also made an initial sale of one Batt Pack Energy unit to a new mining technology company, aimed at increasing efficiencies and reducing emissions in the mining sector [2] - The Batt Pack Energy units are designed for safe, silent, and efficient portable energy in rugged and off-grid environments, applicable across various sectors including construction, mining, and military [3] - Hybrid Power Solutions will showcase its innovations at the GC Expo in Ottawa, highlighting advancements in defense, agriculture, and urban infrastructure [3][4] - The company is focused on developing portable power systems that eliminate the need for fossil fuels, emphasizing environmental responsibility and technological innovation [4]
Hybrid receives Order for Batt Pack Jupiters from Major Transit Operator and Signs Sales Agent Agreement with BC-based Groovy Energy
Thenewswire· 2025-09-16 12:31
Core Insights - Hybrid Power Solutions Inc. has received a third order for two Batt Pack Jupiter high-performance portable power systems from a major transit operator, emphasizing the product's reliability, efficiency, and sustainability [1] - The company has entered into a sales agent agreement with Groovy Energy Ltd., allowing Groovy to market and distribute Hybrid's fuel-free power products across British Columbia, enhancing access to clean energy solutions [2] - Groovy Energy, led by Jodine Baluk, aims to leverage Hybrid's technology to drive cost savings and improve health outcomes across various sectors, including mining, construction, and healthcare [3] Product Features - The Batt Pack Jupiter offers a continuous output of 7,000W and a surge capacity of 12,000W, enabling it to power multiple heavy-duty equipment simultaneously [5] - It operates effectively in extreme temperatures ranging from -20°C to 45°C, showcasing advanced thermal management [5] - The system is solar-compatible, integrating with existing panel arrays up to 800W, promoting renewable energy use [5] - The zero maintenance design eliminates the need for fuel, oil, or engine servicing, significantly reducing operational costs compared to diesel generators [5] - The product promises a rapid return on investment through fuel savings and lower upkeep, particularly when combined with solar or wind energy [5] Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian Securities Exchange under the symbol "HPSS," focusing on portable power systems that eliminate fossil fuel dependency [4]
Hybrid Power Solutions closes Debenture Financing
Thenewswire· 2025-08-20 20:30
Core Insights - Hybrid Power Solutions Inc. has completed a non-brokered private placement offering of secured convertible debentures, raising gross proceeds of Cdn $500,000 [1][2] Group 1: Financial Details - The funds from the debenture will support production needs for an existing order for two Terras from a major construction company [2] - The company aims to enhance supply chain efficiency and production timelines by relocating Terra manufacturing to North America [4] Group 2: Strategic Objectives - The company plans to advance the development and rollout of connected technology features across all units, set for release in Q4 2025 [4] - Adoption of advanced production and quality control processes is intended to boost efficiency, ensure product consistency, meet regulatory standards, lower costs, and improve margins [4] - Expansion at key industry tradeshows, live demonstrations, and client roadshow events across Canada and the U.S. is scheduled for Q4 2025 [4] - The company will hire two additional sales representatives dedicated to key market verticals in Canada and the USA [4] - General working capital will also be supported by the funds raised [4]