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

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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.

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.