Hybrid Power Solutions Expands U.S. Presence with Tom Miller & Associates Partnership

Rhea-AI Summary

Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) has announced a strategic partnership with Tom Miller & Associates to expand its distribution network in the Southwestern United States. This collaboration aims to accelerate Hybrid's market penetration across various sectors, including utility and fleet vehicle outfitting, fire and rescue services, law enforcement, and mining.

Tom Miller & Associates, with 50 years of experience, has already identified promising opportunities and is in advanced negotiations with multiple distributors. This partnership is expected to enhance Hybrid's distribution capabilities and provide direct access to both new and existing markets, aligning with the company's commitment to expanding its footprint in the U.S. market.

Positive

• Strategic partnership with Tom Miller & Associates to expand distribution in Southwestern U.S.
• Potential acceleration of market penetration across multiple sectors
• Advanced negotiations with multiple distributors already underway
• Enhanced distribution capabilities and access to new markets

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - July 25, 2024) - Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) (FSE: E092) ("Hybrid" or the "Company"), a leading provider of sustainable energy solutions, is pleased to announce a strategic partnership with Tom Miller & Associates, a renowned manufacturing representative firm, to expand its distribution network in the Southwestern United States.

This collaboration marks a significant milestone in Hybrid's growth strategy, leveraging Tom Miller & Associates' 50 years of experience in introducing innovative products to the vehicle and fleet market. The partnership is expected to accelerate Hybrid's market penetration across various sectors, including utility and fleet vehicle outfitting, fire and rescue services, law enforcement, and mining.

"We are thrilled to welcome Tom Miller & Associates as our premier manufacturing representative for the Southwestern U.S.," said Francois Byrne, CEO of Hybrid Power Solutions. "Their deep industry relationships and proven track record in bringing cutting-edge products to market align perfectly with our mission to provide sustainable power solutions across diverse industries."

Tom Miller & Associates has already identified several promising opportunities and is in advanced negotiations with multiple distributors. This rapid progress underscores the strong market demand for Hybrid's innovative power products and the effectiveness of the partnership.

The collaboration is set to enhance Hybrid's distribution capabilities, providing direct access to both new and existing markets. It aligns with the Company's commitment to expanding its footprint in the U.S. market, as outlined in previous corporate initiatives.

"This partnership represents a significant step forward in our U.S. expansion strategy," added Byrne. "We are confident that Tom Miller & Associates' expertise will accelerate our growth in key sectors and reinforce our position as a leader in sustainable power solutions."

Hybrid Power Solutions continues to focus on developing and delivering innovative, fuel-free power technologies that address the evolving needs of various industries. This partnership is expected to play a crucial role in bringing these solutions to a wider audience in the Southwestern United States.

For further information, inquiries, or media opportunities, please contact:

On behalf of the company

Francois Byrne
CEO and Director

invest@hybridps.ca
1 (866) 549-2743
www.investhps.com

About Hybrid Power Solutions Inc.

Hybrid Power Solutions Inc. is a Canadian clean energy company listed on the Canadian Securities Exchange under the symbol "HPSS". Hybrid specializes in the development of sustainable energy solutions, offering products that redefine how industries approach access to power and energy storage. With a focus on innovation and environmental responsibility, HPS continues to lead the way in providing scalable, cost-effective power solutions.

Forward-Looking Information

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will", "expects", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217590

FAQ

What is the purpose of Hybrid Power Solutions' partnership with Tom Miller & Associates?

The partnership aims to expand Hybrid Power Solutions' distribution network in the Southwestern United States and accelerate market penetration across various sectors, including utility and fleet vehicle outfitting, fire and rescue services, law enforcement, and mining.

How might this partnership affect Hybrid Power Solutions' (HPSIF) market presence?

The partnership is expected to enhance Hybrid Power Solutions' distribution capabilities, provide direct access to both new and existing markets, and accelerate growth in key sectors, potentially reinforcing its position as a leader in sustainable power solutions.

What progress has been made since the partnership between Hybrid Power Solutions (HPSIF) and Tom Miller & Associates was formed?

Tom Miller & Associates has already identified several promising opportunities and is in advanced negotiations with multiple distributors, indicating strong market demand for Hybrid's innovative power products.

Which industries is Hybrid Power Solutions (HPSIF) targeting with this expansion?

Hybrid Power Solutions is targeting various sectors including utility and fleet vehicle outfitting, fire and rescue services, law enforcement, and mining through this partnership.