Toronto, Ontario – August 20, 2025 – TheNewswire - Hybrid Power Solutions Inc. (CSE: HPSS) (OTC: HPSIF) (FSE: E092) ("Hybrid" or the "Company") is pleased to announce the completion of the non-brokered private placement offering of secured convertible debentures for gross proceeds of Cdn $500,000. The non-brokered private placement was previously announced on August 13, 2025. Funds from this debenture will support production needs for an existing order for two Terras from a major construction company and t ...

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]

Core Insights - Worksport Ltd. has achieved a 50% increase in monthly production volume since March 2025 and over 100% improvement in gross margins over the past five months, driven by increasing demand [1][4] - The company set a new monthly production record in May 2025, producing more units than in the entire third quarter of 2024, indicating significant operational efficiency [2] - Worksport's distribution network has expanded nearly six-fold, from 94 dealers in Q4 2024 to over 550, with many small orders evolving into full partnerships [3] Production and Efficiency - The company is evaluating an expanded production schedule due to accelerating demand and orders consistently outpacing supply [3] - The operational efficiency is further supported by a $2.8 million job creation grant awarded in 2024 [3] - Gross margin has increased from 11% in Q4 2024 to over 23% in May 2025, with projections to exceed 30% by year-end [4] Financial Performance - Worksport's revenues were $1.5 million in 2023 and $8.5 million in 2024, with expectations to surpass $20 million in 2025 [5] - The company aims to grow its tonneau cover business to over $100 million annually in the short term, with potential for its upcoming products to exceed that [5] Product Development and Market Strategy - The company is preparing to launch the SOLIS solar-integrated tonneau cover and COR portable nano-grid power system in Fall 2025, targeting a combined $13 billion market [7] - A top 15 U.S. construction company has selected the SOLIS & COR for a paid pilot project, indicating strong market interest [8] Supply Chain and Manufacturing - Worksport's products are predominantly made in America, reducing the impact of tariffs and aligning with domestic manufacturing efforts [6] - The company emphasizes its commitment to supporting brick-and-mortar resellers while maintaining modest margins on dealer sales [4]

Group 1 - Hybrid Power Solutions Inc. has announced a new dealer agreement with One Stop Truck & Equipment to distribute its portable power systems [1][2] - The agreement allows One Stop to utilize Hybrid's battery technology, including the Batt Pack and Batt Pack Jupiter, to provide sustainable power solutions [2] - This partnership aims to enhance the adoption of clean energy solutions in California and supports both companies' commitment to environmental sustainability [3] Group 2 - Hybrid Power Solutions specializes in developing portable power systems that eliminate the need for fossil fuels, focusing on off-grid and remote applications [4] - The company is listed on the Canadian Securities Exchange under the symbol "HPSS" and is committed to leading the clean energy transition through technological innovation [4] - One Stop Truck & Equipment is a trusted provider of truck and equipment solutions, serving various industries with high-quality products [5]

Core Insights - Worksport Ltd. has reported a significant increase in revenue and is targeting cash flow positive operations by year-end 2025 [1][3][6] Financial Performance - For Q1 2025, Worksport reported net sales of $2.24 million, a 337% increase from $512,000 in Q1 2024 [6] - Gross margin improved to approximately 18%, up from 7% in Q1 2024 and 11% in Q4 2024, with a target of 25-30% gross margins by year-end 2025 [6][9] - The company recorded a net loss of $4.46 million for Q1 2025, compared to a net loss of $3.71 million in Q1 2024 [9] Revenue Guidance - Worksport is projecting full-year revenue guidance of $20 million to $25 million for 2025, indicating a 2.5x to 3x increase over 2024 results [3][6] - The company anticipates strong sequential growth in Q2 2025, driven by the launch of its high-margin AL4 cover [6] Working Capital and Assets - As of the end of Q1 2025, Worksport reported a working capital balance of $7.94 million, with $5.1 million in cash availability [6][8] - Total assets increased to $26.66 million as of March 31, 2025, compared to $25.74 million at the end of 2024 [8] Future Outlook - The company aims to achieve cash flow breakeven by year-end 2025, supported by a stronger margin profile and operational leverage [6] - Preliminary outlook for 2026 includes sustained double-digit revenue growth and first full-year profitability, driven by expanded product availability and market share [6]