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]

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]

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]

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]

Core Viewpoint - Hybrid Power Solutions Inc. is experiencing growing confidence in its electrification platform, as evidenced by a repeat order from a major Canadian public transit agency for two Spark power systems, indicating a shift towards clean, battery-powered alternatives in public transportation [1][2][3] Group 1: Product Development and Market Position - The repeat purchase of the Spark system highlights the client's commitment to reducing emissions and reliance on gas or diesel generators, showcasing the system's advantages in urban and maintenance environments [2] - Hybrid Power Solutions is actively quoting additional Spark units to the same agency, positioning the company for further opportunities in the public transportation and infrastructure sectors [3] - The company has decided to bring the design, engineering, and assembly of its Terra battery energy storage system in-house, enhancing quality control and production timelines while reducing reliance on overseas manufacturing [4][5] Group 2: Strategic Initiatives - The in-house production of the Terra system is expected to lead to higher quality, faster innovation, and the ability to scale into larger multi-megawatt-hour systems, ensuring the company remains competitive in energy storage innovation [5][6] - Hybrid Power Solutions aims to consolidate expertise under one roof to improve service delivery, shorten timelines, and maintain oversight from concept to completion, which is crucial in the evolving clean energy market [6] Group 3: Financial Activities - The company plans to complete a non-brokered private placement of senior secured convertible debenture units for gross proceeds of up to $500,000, with a maturity of 12 months and an interest rate of 12.0% per annum [7][8] - Each convertible debenture unit will consist of a $1,000 principal debenture and 20,000 common share purchase warrants, with a conversion price of $0.05 per common share [9][10] - The funds raised will support production needs for existing orders and various strategic objectives, including enhancing supply chain efficiency and expanding market presence [13][14]

Core Viewpoint - Worksport Ltd. reaffirms its revenue target of at least $20 million for 2025 and highlights a clear path towards achieving operational cash flow positivity in the near term [1][6]. Financial Performance - In Q2 2025, Worksport achieved record net sales of $4.10 million, representing a 114% increase year-over-year and an 83% increase sequentially [2]. - Gross margin improved by 8.7 percentage points to 26.4%, leading to a 173% increase in gross profit to $1.08 million [2]. - Operating loss decreased by 15% quarter-over-quarter to $(3.62) million, while net loss narrowed by approximately 16% to $(3.73) million [2][6]. - Operating cash use improved by 19% to $(3.10) million, with total liquidity at approximately $6.1 million [2][6]. Sales and Dealer Network - The company set three consecutive monthly sales records in Q2, with April at $1.22 million, May at $1.28 million, and June at $1.60 million, leading to an annualized run rate of $19.2 million [3]. - Year-to-date, Worksport has added over 450 new dealer accounts, with a network capable of generating approximately $21.5 million in annual repeatable revenue [3]. Operational Highlights - Q3 2025 output is expected to be significantly stronger than Q2, with July output averaging 115-130 units per day and targeting ~200 units per day by late Q3 [8]. - The innovation pipeline includes the upcoming launches of HD3, SOLIS, and COR products, with SOLIS and COR expected to contribute to revenue in 2026 [8][9]. Management Commentary - CEO Steven Rossi emphasized that the company is executing towards operational cash-flow positivity and preparing for product launches, believing that the tonneau business alone can lead to profitability in 2026 [5]. - CFO Michael Johnston highlighted strong sequential leverage, with expectations for gross margin to approach 30% by year-end and targeting operating cash-flow breakeven by late Q4 2025 or early Q1 2026 [6]. Capital and Liquidity - The company expects to close its current Regulation A offering by the end of August 2025, which, if fully subscribed at $10 million, would provide funding through 2025 and into 2026 [13]. - Outstanding warrants may provide growth capital in 2026, with the company aiming to limit notable equity dilution while pursuing disciplined growth [13].

Core Viewpoint - Hybrid Power Solutions Inc. has successfully secured a tender for the sale of a Batt Pack Energy unit, which will serve as a battery backup system for emergency lighting in a school facility, highlighting the company's growing presence in institutional and critical infrastructure applications [1][2]. Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian Securities Exchange under the symbol "HPSS," specializing in developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications [3]. Product Features - The Batt Pack Energy unit is designed to provide uninterrupted lighting during power outages, ensuring safety for students and staff [2]. - Key features of the Batt Pack Energy include silent operation with no fumes or fuel required, safe usage indoors and outdoors, installer-friendly design for easy integration, and the ability to recharge from wall power or solar panels [6]. Leadership Statement - The CEO of Hybrid Power Solutions, Francois Byrne, emphasized that being specified into the tender reflects the strength of the company's technology and the trust being built with contractors and integrators across various sectors [3].

Core Insights - Hybrid Power Solutions Inc. has partnered with Purafy Clean Technologies to provide portable power and water purification systems for critical applications in disaster recovery, military, humanitarian response, and remote infrastructure [1][3] - Purafy specializes in advanced water treatment solutions using proprietary graphene-enhanced filtration systems, enabling access to clean drinking water from various sources without the need for chemicals or complex infrastructure [2] - The partnership aims to streamline the deployment of combined systems through a growing global distributor network, addressing the demand for off-grid solutions in key sectors [3] 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 [4] - Purafy Clean Technologies, a division of Grafoid Inc., manufactures and distributes effective water filtration systems to combat water scarcity issues [4] Applications and Market Potential - The collaboration targets military and defense operations where silent, fuel-free systems are essential, as well as humanitarian and disaster relief missions where power and potable water are critical [5] - The companies see shared opportunities in off-grid communities where infrastructure is limited or underdeveloped, enhancing water security and access to clean energy [3][5]

Core Insights - Hybrid Power Solutions Inc. has received a new purchase order for four Batt Pack Pro units from Alamo Auto Supply, which will be delivered to a utility client in Texas, enhancing the utility's fleet with clean, portable power solutions [1][2] - This order marks the third from Alamo Auto Supply, indicating a strengthening partnership and growing demand for Hybrid's products in the fleet market [2] - The Batt Pack Pro units are designed to provide silent, zero-emission power for various applications, making them a superior alternative to traditional energy sources [3][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 [5] - The company emphasizes environmental responsibility and technological innovation, positioning itself as a leader in the clean energy transition [5] Product Features - The Batt Pack Pro offers 5,000W continuous and 10,000W peak power, suitable for job site tools and equipment [6] - It operates silently and emission-free, eliminating noise, fuel dependency, and idling engines [6] - The product is truck-ready, durable, portable, and maintenance-free, allowing for easy integration and recharging through wall power or solar panels [6]

Core Insights - Hybrid Power Solutions Inc. has entered into a new distributor agreement with Alamo Auto Supply, enhancing its distribution network and access to portable power solutions for fleet operators and utility companies [1][4] - Alamo Auto Supply has placed an initial order for two Batt Pack Energy units for a major utility client, indicating a promising start to the collaboration [2] - The partnership allows Alamo Auto Supply to offer Hybrid's emission-free energy solutions, promoting the adoption of clean technology in critical sectors [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 applications [7] - Alamo Auto Supply, established in 1955, is a leading distributor of automotive accessories and fleet solutions, recognized for its quality and service [3][7] Partnership Details - The agreement with Alamo Auto Supply is expected to introduce Hybrid's products to a diverse customer base, including municipalities and commercial fleets [2][4] - The partnership was facilitated by a dedicated manufacturer's representative, who has been instrumental in generating sales opportunities for Hybrid [5] Stock Options - In recognition of the manufacturer's representative's efforts, Hybrid Power Solutions is granting 500,000 stock options priced at 0.065 per share, pending CSE approval [6]