Hybrid Power Solutions Secures Major Repeat Order from California-Based Utility

Rhea-AI Summary

Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) has secured a significant repeat order from a major California-based utility. The order includes 105 Batt Pack Pro (BPP) units and 55 carriers, valued at $860,895 USD ($1,192,279.99 CAD) before distributor margins. This repeat order demonstrates the growing demand for Hybrid's sustainable power solutions in the utility sector.

The Batt Pack Pro, known for its durability and versatility, offers 5,000W of continuous power and up to 10,000W surge capacity. It provides a robust, weather-resistant solution for powering essential equipment in challenging environments. This order is expected to contribute positively to Hybrid's revenue growth and strengthen its position in the clean energy market.

Positive

• Secured a repeat order worth $860,895 USD from a major California-based utility
• Order includes 105 Batt Pack Pro units and 55 carriers
• Demonstrates growing demand for Hybrid's sustainable power solutions in the utility sector
• Validates the performance and reliability of Hybrid's products
• Expected to contribute positively to revenue growth

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2024) - Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) (FSE: E092) ("Hybrid" or the "Company"), a leading provider of innovative, fuel-free power solutions, is pleased to announce a significant repeat order from a major California-based utility.

The order comprises 105 Batt Pack Pro (BPP) units, including 55 carriers, representing a total end customer value of $860,895 USD ($1,192,279.99 CAD), before distributor margins. This substantial purchase underscores the growing demand for Hybrid's sustainable power solutions in the utility sector.

"We are thrilled to receive this repeat order from our valued California-based utility client," said Francois Byrne, CEO of Hybrid Power Solutions. "This reaffirms the effectiveness and reliability of our Batt Pack Pro units in meeting the demanding power needs of utility operations while supporting their sustainability goals."

The Batt Pack Pro, renowned for its durability and versatility, continues to prove its worth in various applications, including utility operations. With 5,000W of continuous power and up to 10,000W surge capacity, the BPP offers a robust, weather-resistant solution for powering essential equipment in challenging environments.

This repeat order not only validates the performance of Hybrid's products but also highlights the company's growing footprint in the utility sector. As more utilities seek to reduce their carbon footprint and improve operational efficiency, Hybrid's fuel-free power solutions are increasingly becoming the go-to choice.

"This order represents a significant step in our ongoing partnership with utility providers," added Byrne. "We're committed to supporting the transition to cleaner, more efficient power solutions across all sectors, and this repeat business demonstrates the tangible benefits our products deliver."

Hybrid Power Solutions continues to focus on innovation and expanding its market presence, particularly in sectors where reliable, sustainable power is critical. The company anticipates that this order will contribute positively to its revenue growth and further strengthen its position in the clean energy market.

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 innovator listed on the Canadian Securities Exchange under the symbol "HPSS". The company specializes in developing sustainable energy solutions that redefine power access and storage across industries. With a focus on innovation and environmental responsibility, Hybrid continues to lead the charge in providing scalable, cost-effective power solutions for a greener future.

Forward-Looking Statements

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/218561

FAQ

What is the value of the repeat order Hybrid Power Solutions (HPSIF) received from the California-based utility?

The repeat order from the California-based utility is valued at $860,895 USD ($1,192,279.99 CAD) before distributor margins.

How many Batt Pack Pro units were ordered from Hybrid Power Solutions (HPSIF) in this repeat order?

The repeat order includes 105 Batt Pack Pro (BPP) units and 55 carriers.

What are the power specifications of Hybrid Power Solutions' (HPSIF) Batt Pack Pro?

The Batt Pack Pro offers 5,000W of continuous power and up to 10,000W surge capacity.

How does this repeat order impact Hybrid Power Solutions' (HPSIF) market position?

This repeat order is expected to contribute positively to Hybrid's revenue growth and further strengthen its position in the clean energy market, particularly in the utility sector.