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]