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Hybrid Power Solutions Announces Proof of Concept Agreement with Reliable Robots to Explore Industrial Automation at Etobicoke Facility
Globenewswire· 2026-01-20 13:35
Core Insights - Hybrid Power Solutions Inc. has entered into a Proof of Concept (POC) Development Agreement with Reliable Robots to explore the integration of autonomous mobile robots (AMRs) in its operations [1][4] Group 1: Agreement Details - The agreement, dated January 19, 2026, involves the deployment of AMRs from Pudu Robotics and Keenon Robotics at Hybrid's facility in Etobicoke, Ontario [2] - The initial deployment will include the PUDU T300 industrial delivery robot and/or the Keenon T9, aimed at evaluating performance in material handling and delivery tasks [2][3] - The POC is expected to begin within approximately two weeks of the effective date, followed by a 4-6 week testing period [5] Group 2: Technology and Applications - AMRs provide flexible and scalable automation for material movement and process-support tasks, with the PUDU T-Series capable of supporting payloads up to 600 kg and the Keenon T9 supporting 40 kg [3] - The collaboration may explore additional robotic applications, including cleaning and other process-support operations, to reduce reliance on manual labor [3] Group 3: Strategic Importance - The POC aligns with Hybrid's commitment to modernizing operations and enhancing efficiency, supporting the growth of Canada's clean-tech manufacturing sector [4] - Reliable Robots will provide the robots, setup, training, and technical support at no cost during the POC, while Hybrid will provide facility access and operational feedback [4] Group 4: Future Outlook - The initiative aims to deliver insights into shop floor performance, guide decisions on facility layout, labor strategies, and scalable automation as production grows [5] - Hybrid Power Solutions anticipates potential future opportunities to expand automation across its operations based on the outcomes of this POC [6]
Hybrid Power Solutions Announces Canadian Defense Distribution Partnership with Cantec Systems
Thenewswire· 2026-01-08 13:35
Core Insights - Hybrid Power Solutions Inc. has announced a new distribution partnership with Cantec Systems, targeting the military and defense sector in Canada [1][2] - The partnership aims to enhance Hybrid's support for mission-critical operations that require reliable, low-signature, and fuel-reduced power solutions [2][3] - Cantec Systems will represent Hybrid's battery-based and hybrid power systems to Canadian military organizations, defense contractors, and government agencies [2][4] Company Overview - Hybrid Power Solutions Inc. is a Canadian manufacturer specializing in portable and fuel-free power solutions, listed on the Canadian Securities Exchange under the symbol "HPSS" [1][4] - The company focuses on developing clean energy technologies that eliminate the need for fossil fuels in off-grid and remote applications, emphasizing environmental responsibility and innovation [4] Partnership Details - Cantec Systems brings technical expertise and a deep understanding of defense-grade power requirements, aligning with Hybrid's strategy to expand in the military and defense sector [3] - The partnership is expected to provide a critical advantage to defense clients by offering innovative, low-signature power systems that meet the rigorous demands of military operations [4]
Hybrid Power Solutions Announces Production Start of 11 Spark Units
Thenewswire· 2025-12-10 13:35
Core Insights - Hybrid Power Solutions Inc. has commenced production of eleven Spark portable industrial battery systems for deployment through a leading national rental partner to three of North America's largest general contractors, marking a significant milestone in the commercial rollout of the Spark platform [1][3] Group 1: Product and Deployment - The Spark units are designed for zero-emission, silent operation and rapid deployment, intended to replace traditional diesel generators on various construction projects across Canada [2] - Production of the eleven Spark units has started, with delivery expected in Q1 2026, and there is strong interest from the rental partner to expand the fleet based on field performance and contractor feedback [4] Group 2: Market Demand and Benefits - The adoption of Hybrid's battery technology by major general contractors validates the performance of the Spark units and indicates a growing demand for cleaner, more efficient power solutions on job sites [3] - Key benefits of the Spark units include reduction in diesel fuel consumption and associated logistics, silent operation for extended work hours, instant power delivery, remote monitoring capabilities, and significant reduction in carbon emissions and on-site pollutants [6]
Hybrid Power Solutions files Amended Life Offering Document and provides update on Financing
Thenewswire· 2025-12-05 22:15
Core Viewpoint - Hybrid Power Solutions Inc. has filed an amended and restated Life Offering Document to facilitate a non-brokered private placement aimed at raising between approximately CDN$1,000,000 and CDN$2,000,000 through the sale of units priced at CDN$0.06 each [1][3]. Group 1: Offering Details - The Offering will consist of a minimum of 16,666,667 and up to 33,333,333 units, each unit comprising one common share and one whole common share purchase warrant [3][4]. - Each warrant will be exercisable at CDN$0.10 per share for 24 months, with an acceleration clause if the share price exceeds CDN$0.20 for 20 consecutive trading days [4]. - The net proceeds from the Offering will be allocated for company operations, product research and development, sales growth initiatives, marketing, and general corporate purposes [6]. Group 2: Regulatory and Compliance - The units will be offered to purchasers in Canadian provinces (excluding Quebec), the United States, and offshore jurisdictions under the Listed Issuer Financing Exemption [7]. - Securities issued under this exemption will not be subject to a hold period in Canada, allowing for immediate trading [7]. - The Offering is subject to regulatory approvals, including that of the Canadian Securities Exchange [8]. Group 3: Company Background - 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 [11].
Hybrid Receives Repeat Order for Batt Pack Energy Units Order for US Marine Corps
Thenewswire· 2025-11-20 13:35
Core Insights - Hybrid Power Solutions Inc. has received a repeat order for twelve Batt Pack Energy units from Military Battery Systems for the United States Marine Corps, indicating strong demand from military organizations [1][2] - The company has entered a six-month marketing and investor awareness agreement with Departures Capital Inc. to enhance investor visibility through digital marketing initiatives [3][4] Group 1: Company Developments - The repeat order from Military Battery Systems highlights the reliability of Hybrid's technology in demanding military environments, reinforcing its position in the defense sector [2] - The total value of the marketing agreement with Departures Capital is US$15,000, aimed at increasing investor engagement through various digital platforms [4] Group 2: Product Features - Hybrid Power Solutions specializes in portable power systems that eliminate fossil fuel dependency, focusing on environmental responsibility and innovation [6] - Key features of the Batt Pack Energy units include zero-emission operation, rapid deployment, solar recharge capability, military-grade durability, and consistent power output for sensitive electronic systems [7]
Worksport Releases Final COR System Specifications & Pricing
Globenewswire· 2025-11-04 14:57
Core Insights - Worksport Ltd. is launching the COR modular portable energy system priced at $949, designed for various applications including work, adventure, and emergency readiness [1][10] - The COR system features a scalable architecture allowing users to add batteries as needed, providing a compact and portable power solution [2][10] Product Overview - The COR system consists of the COR HUB, a high-output inverter, and COR Batteries, each with a nominal capacity of 960 Wh, allowing for configurations from single to multiple batteries [2][3] - The system is designed to integrate with the SOLIS solar tonneau cover for efficient off-grid charging [1][8] Pricing and Configurations - The COR Starter Kit includes one HUB and one Battery for $949, with options for additional batteries priced at $1,598 for two and $1,949 for three [6][10] - Users can purchase batteries independently, enhancing the modularity and scalability of the energy solution [3] Technical Specifications - Each COR Battery provides approximately 1 kWh of energy, with AC output capabilities of four 120 V outlets and a continuous power of 1,800 W [7] - The system supports various charging options, including solar, with a built-in MPPT for efficient energy management [7][8] Use Cases - The COR system is versatile, suitable for applications such as campsite power, job site energy, and emergency home backup, with specific runtimes provided for different configurations [5][8] - When paired with the SOLIS solar cover, batteries can recharge in about 2-3 hours under optimal conditions, promoting a sustainable energy cycle [8] Future Vision - Worksport aims to position the COR system as a rapid-deploy power solution for emergency response, collaborating with agencies like the Red Cross and FEMA for mass-deployment in disaster scenarios [9][10] - The company envisions expanding the COR ecosystem with future product integrations to enhance market opportunities [3][10]
Hybrid Power Solutions reports Q1 Financial Results
Thenewswire· 2025-10-30 23:15
Core Viewpoint - Hybrid Power Solutions Inc. is focused on expanding its clean energy solutions amidst economic challenges, emphasizing strategic partnerships, manufacturing reshoring, and R&D acceleration to capture sales opportunities in key markets [2] Q1 2025 Business Highlights - The company has signed distribution agreements with One Stop Truck & Equipment, Alamo Auto Supply, and Purafy [4] - A partnership has been formed with Terrapass for carbon offset solutions [4] - A Memorandum of Understanding has been signed with Volthium Energy Inc. for lithium-ion battery systems [4] - Orders received include two Spark power systems and two Batt Pack Jupiter units from major Canadian transit agencies [4] - Initial sales of Batt Pack Energy and Pro units have been made to Canadian universities [4] - Multiple Batt Pack Pro units sold through Alamo Auto Supply [4] - Participation in the 2025 Nevada Energy Storage Roadshow has been confirmed [4] Q1 2025 Financial Highlights - The net loss for the period ending August 31, 2025, is ($627,687), an improvement from a net loss of ($1,122,670) for the same period in 2024 [4] - Revenue for the period ending August 31, 2025, is $298,926, down from $1,038,582 in 2024 [4] - Expenses for the period ending August 31, 2025, are $668,159, reduced from $1,425,760 in 2024 [4]
Worksport Announces Official Launch Date for SOLIS and COR Clean Energy Products
Globenewswire· 2025-10-30 12:31
Core Insights - Worksport Ltd. officially launches its SOLIS Solar Tonneau Cover and COR Portable Energy Storage System on November 28, 2025, marking a significant step into clean energy solutions [1][2] Product Launch and Pricing Details - The COR Starter Kit (Inverter + Battery) will be priced at $949, with the option to purchase additional batteries, while the SOLIS Solar Tonneau System will start at $1,999 [2] - The COR system can operate independently or in conjunction with the SOLIS solar array to create a portable, modular nano-grid for renewable energy [2] Revenue Potential and Strategic Impact - The initial rollout aims to deliver 1,000 COR units and 900 additional 1kWh battery packs, alongside a limited number of SOLIS solar tonneau covers, representing an initial revenue opportunity of approximately $2.45 million [4] - The company plans to scale production rapidly throughout 2026, targeting significant additional revenue [4] Market Expansion and Competitive Edge - The launch of SOLIS and COR broadens Worksport's customer demographics and market footprint, introducing a unique solar-powered ecosystem with no direct competition in the vehicle accessory market [6] - The tonneau cover business has shown explosive growth, increasing from $1.5 million in 2023 to an expected $24 million run rate by the end of 2025, with projections to exceed $100 million within two years [7] Product Validation and Performance - The COR portable power system has been validated through multiple performance tests, demonstrating its capability to power heavy industrial equipment in extreme conditions [8] - When paired with the SOLIS solar cover, the system forms a self-sustaining, portable nano-grid that can recharge faster than it discharges [8] Leadership Commentary - The CEO of Worksport emphasizes that the launch marks a new chapter for the company, integrating renewable power into the lifestyles of truck owners and clean-tech enthusiasts [9][10] Forward Outlook - The commercialization of SOLIS and COR is expected to accelerate Worksport's path to profitability and establish its position as a rising leader in the U.S. clean-tech sector [11] - Future plans include expanding the COR system into home and commercial applications, as well as adaptations for various industries [11]
Worksport Announces New HD3 Heavy-Duty Tonneau Cover Now in Production
Globenewswire· 2025-10-23 13:00
Core Viewpoint - Worksport Ltd. has officially launched its new HD3 Heavy-Duty tonneau cover, aimed at commercial and fleet applications, expanding its product lineup and market reach [2][4][7]. Product Overview - The HD3 is designed for maximum durability, featuring upgraded materials, reinforced seals, and heavy-duty latching systems, representing a significant evolution from the previous AL3 platform [3][7]. - Six models of the HD3 are currently in production, with configurations for popular truck models such as Ford F-150, Chevrolet Silverado/GMC Sierra, and Ram 1500 [6]. Sales and Market Strategy - Initial sales of the HD3 are expected to begin mid-November, strategically timed for year-end sales activity [4]. - Worksport's wholesale and B2B partners are anticipated to play a crucial role in penetrating the commercial and fleet markets, leveraging the HD3's durability as a key selling point [5]. Future Growth Prospects - The company plans to continue expanding its product offerings, with expectations of rolling out 25 or more models by December 2025 [6]. - Upcoming products include the SOLIS solar-integrated tonneau cover and COR portable power system, with further growth and sales updates expected soon [7].
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]