Majid Pahlevani, CTO of Sparq Systems Inc., Named an IEEE Fellow

Rhea-AI Summary

Sparq Systems (TSXV: SPRQ; OTCQB: SPRQF) announced that its Chief Technology Officer, Dr. Majid Pahlevani, has been named an IEEE Fellow for development of digital control techniques in high-frequency power conversion, an honor limited to 0.1% of IEEE voting membership. The company granted Dr. Pahlevani $10,000 in deferred share units (DSUs) under its Omnibus Equity Incentive Plan. Each DSU vests one year from grant and on settlement can be paid in cash equal to the market value of one common share or, at the board's discretion, settled in shares or a combination.

The grant recognizes the CTO's technical contribution and ties the award to standard DSU vesting and settlement terms under the TSX Venture Exchange policies.

Key Figures

IEEE Fellow cap: 0.1% of voting membership IEEE membership: nearly half a million members DSU grant value: $10,000 +3 more

6 metrics

IEEE Fellow cap 0.1% of voting membership Annual limit on IEEE Fellow selections

IEEE membership nearly half a million members Total IEEE voting membership referenced

DSU grant value $10,000 Deferred share units granted to CTO under Omnibus Equity Incentive Plan

DSU vesting period 1 year Vesting period from grant date under Omnibus Equity Incentive Plan

Current share price $0.4554 Price before publication on 2025-12-01

52-week range $0.10 to $1.295 52-week low and high before this news

Market Reality Check

Price: $0.5100 Vol: Volume 201 vs 20-day aver...

low vol

$0.5100 Last Close

Volume Volume 201 vs 20-day average 1,996 indicates very light trading ahead of this news. low

Technical Shares at 0.4554, trading below 200-day MA of 0.56, and 64.83% below the 52-week high.

Peers on Argus

Peers in Electrical Equipment & Parts showed mixed moves: NVNXF at -1.79%, QBAK ...

Peers in Electrical Equipment & Parts showed mixed moves: NVNXF at -1.79%, QBAK at +0.44%, while CHEV, LPSIF, and ORBT were flat. This points to a stock-specific setup for SPRQF rather than a broad sector move.

Historical Context

3 past events · Latest: Nov 06 (Positive)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Nov 06	Market entry news	Positive	-3.9%	Africa microinverter supply and potential exclusive distribution framework.
Oct 24	IR agreement end	Neutral	-4.6%	Termination of investor relations agreement with John Welsh.
Jun 26	IR engagement	Neutral	-3.2%	Engagement of investor relations consultant with cash and option package.

Pattern Detected

Recent corporate and strategic announcements, including market expansion and IR changes, were followed by negative 24-hour price reactions, suggesting a pattern of weak responses to news.

Recent Company History

Over recent months, Sparq reported several corporate developments. On June 26, 2025, it engaged an investor relations consultant with cash and option compensation. That agreement was later terminated on October 24, 2025. On November 6, 2025, Sparq announced a supply agreement targeting Ghana and sub‑Saharan Africa for its microinverters. Each of these announcements saw negative 24-hour price reactions, framing today’s recognition and DSU grant within a backdrop of muted market confidence.

Market Pulse Summary

This announcement highlights external validation of Sparq’s technical leadership through an IEEE Fel...

Analysis

This announcement highlights external validation of Sparq’s technical leadership through an IEEE Fellowship and a targeted $10,000 DSU grant under the Omnibus Equity Incentive Plan. In recent months, other corporate updates, such as the African microinverter expansion and investor relations changes, saw negative 24-hour price reactions. Investors may watch how ongoing execution, market entry efforts, and future corporate disclosures interact with a share price still well below the $1.295 52-week high.

Key Terms

ieee fellow, institute of electrical and electronics engineers, deferred share units, omnibus equity incentive plan, +1 more

5 terms

ieee fellow technical

"has been named as an IEEE Fellow, a prestigious honour awarded to select"

A IEEE Fellow is a prestigious, peer-awarded professional rank granted to a very small percentage of members of the Institute of Electrical and Electronics Engineers for exceptional achievements in engineering, computing, or related technology fields. For investors, an executive or researcher with this title signals high technical credibility and leadership—like having a star chef on a restaurant team—which can indicate stronger innovation, higher-quality patents, and better odds of turning R&D into valuable products or competitive advantage.

institute of electrical and electronics engineers technical

"members of the Institute of Electrical and Electronics Engineers ("IEEE") who have"

A global professional organization for engineers and technologists that develops technical standards, publishes research, and runs conferences and certification programs in areas like electronics, software, networking and power systems. Like a referee and rulebook for technology, its standards and publications shape which designs become widely adopted, affect product costs and regulatory compliance, and can influence which companies gain market share and long-term profitability.

deferred share units financial

"it has granted Dr. Pahlevani an aggregate of $10,000 of deferred share units"

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

omnibus equity incentive plan financial

"under the Company's Omnibus Equity Incentive Plan. Each vested DSU entitles"

A single, company-wide plan that lets a business grant different kinds of stock-based pay — such as stock options, shares that vest over time, or other equity awards — to employees, directors and consultants. It matters to investors because it determines how much of the company can be paid out in shares, how quickly those shares enter the market, and how well employees are motivated to grow the business; think of it as a toolbox or menu for paying with ownership stakes that can dilute existing holders and affect company performance.

tsx venture exchange regulatory

"in accordance with the Omnibus Equity Incentive Plan and the policies of the TSX Venture Exchange."

A junior stock exchange in Canada where smaller, early-stage companies list shares to raise capital and gain public visibility. Think of it as a farmers’ market for young businesses: it offers investors a chance to buy into fast-growing but higher-risk ventures, with looser listing rules and typically lower liquidity than major exchanges. It matters because performance and financing on this exchange can signal growth prospects or risk for investors.

AI-generated analysis. Not financial advice.

Toronto, Ontario--(Newsfile Corp. - December 1, 2025) - Sparq Systems Inc. (TSXV: SPRQ) (OTCQB: SPRQF) (FSE: M26) ("Sparq" or the "Company") is pleased to announce that its Chief Technology Officer, Dr. Majid Pahlevani, has been named as an IEEE Fellow, a prestigious honour awarded to select members of the Institute of Electrical and Electronics Engineers ("IEEE") who have made significant contributions to the advancement of technology and engineering. Each year, this honour is limited to no more than 0.1% of the total IEEE voting membership, which comprises nearly half a million members. Dr. Pahlevani received this honour for the development of digital control techniques in high-frequency power conversion.

Dr. Praveen Jain, Chief Executive Officer of the Company, commented: "On behalf of the Company, I would like to extend my warm congratulations to Dr. Pahlevani on receiving this prestigious honour. It is a testament to our entire engineering team which is relentlessly delivering unique and innovative solutions to the solar market."

"I am deeply grateful to the Company for providing me with the opportunity to lead and contribute to innovative, timely solutions for the marketplace, which has been instrumental in earning this prestigious Fellowship," added Dr. Pahlevani.

The Company further announces that it has granted Dr. Pahlevani an aggregate of $10,000 of deferred share units ("DSUs") under the Company's Omnibus Equity Incentive Plan. Each vested DSU entitles the holder thereof to receive upon settlement a cash payment equal to the market value of one common share in the capital of the Company, or, at the discretion of the board of directors of the Company, one common share in the capital of the Company or any combination thereof. The DSUs vest one year from the date of grant in accordance with the Omnibus Equity Incentive Plan and the policies of the TSX Venture Exchange.

ABOUT SPARQ

Sparq designs and manufactures next generation single-phase microinverters for residential and commercial solar electric applications. Sparq has developed a proprietary PV solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design and installation, and lowering cost for solar power installations when compared to existing market offerings. Sparq's head office is located at 945 Princess Street, Kingston, Ontario, K7L 0E9.

Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Sparq Systems Inc.

Dr. Praveen Jain
Chief Executive Officer
Email: pjain@sparqsys.com
Tel: 343.477.1158
66601999.5

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276528

FAQ

What does Dr. Majid Pahlevani being named an IEEE Fellow mean for Sparq Systems (SPRQF)?

It recognizes the CTO's technical leadership in high-frequency power conversion and signals external validation of the company's engineering expertise.

How many deferred share units (DSUs) did Sparq grant to Dr. Majid Pahlevani and what is their value?

The company granted an aggregate of $10,000 of DSUs to Dr. Pahlevani.

When do the DSUs granted to Dr. Pahlevani vest and how will they settle for SPRQF shareholders?

The DSUs vest one year from the date of grant and on settlement may be paid in cash equal to the market value of one common share or, at the board's discretion, settled in common shares or a combination.

Which securities exchanges list Sparq Systems and what are the tickers?

Sparq Systems is listed on the TSX Venture Exchange as SPRQ and on the OTCQB as SPRQF.

Why is being named an IEEE Fellow notable compared with other honors?

The IEEE Fellow grade is limited to no more than 0.1% of IEEE voting membership annually, making it a selective recognition of significant technical contributions.

Does the DSU grant to the CTO dilute existing SPRQF shareholders?

The DSUs can be settled in cash or shares at the board's discretion; the announcement does not quantify potential share issuance or dilution.