Sparq Announces Entry into African Microinverter Market

Rhea-AI Summary

Sparq Systems (OTCQB: SPRQF) announced a manufacturer's authorization and supply agreement with Tumi Clean Technologies and Rolaz Green Energy to sell Sparq microinverters in Ghana and sub‑Saharan Africa, beginning with a six‑month pilot to validate market readiness.

The Agreement creates a non‑binding framework for exclusive distribution and installation rights if Tumi meets minimum order levels, and contemplates an exclusive assembly license in Ghana to support local manufacturing and continent‑wide distribution using AfCFTA pathways. The Agreement term is one year with a 30‑day automatic extension period.

Positive

• Signed supply agreement to enter Ghana and sub‑Saharan Africa markets
• Six‑month pilot to validate market readiness and initial deployments
• Framework for exclusive distribution if minimum orders are met
• Contemplated exclusive assembly license to enable local manufacturing in Ghana
• One‑year term provides immediate commercial testing window

Negative

• Exclusivity and assembly rights are conditional and non‑binding
• No purchase volumes, pricing, or revenue targets disclosed
• Short initial term (one year) limits long‑term visibility for investors
• Pilot requirement delays full market rollout until after six months

Toronto, Ontario--(Newsfile Corp. - November 6, 2025) - Sparq Systems Inc. (TSXV: SPRQ) (OTCQB: SPRQF) (FSE: M26) ("Sparq" or the "Company") is pleased to announce it has entered into a manufacturer's authorization and supply agreement (the "Agreement") with Tumi Clean Technologies Limited ("Tumi") and Rolaz Green Energy Pvt. Ltd., an existing importation and distribution partner of Sparq.

Under the terms of the Agreement, Tumi has agreed to purchase Sparq microinverters and related products for subsequent distribution and sale in Ghana, West Africa and such other markets in the sub-Saharan African region as the Parties may agree following a six-month pilot to validate market readiness. The Agreement provides a non-binding framework around which Tumi may, if it meets certain minimum level of product orders to be determined by the parties, be provided an exclusive right of distribution and/or installation of the Sparq products within the sub-Saharan Africa region. The Agreement also provides a non-binding framework to provide Tumi with an exclusive license for the assembly of Sparq Products in Ghana, with the intent to sell and distribute such products across the sub-Saharan African region from an assembly unit established by Tumi.

Praveen Jain, Chief Executive Officer of the Company, commented: "This is a very positive step forward for the Company to bring its innovative products to the African market. Tumi has a number of projects in the works where our Quad microinverters products can be immediately applied."

"Our collaboration with Sparq Systems marks a major step in expanding access to clean-energy technologies across Africa. Through Tumi Clean Technologies, we aim to lead the distribution of advanced solar and inverter systems across Ghana and West Africa, while laying the groundwork for localized assembly and manufacturing. By leveraging the AfCFTA framework, Tumi expects to scale this partnership continent-wide, strengthening supply chains, transferring technology, and promoting African-made clean-energy solutions. This is how we turn partnership into progress: powering Africa's sustainable future from within," commented Kwaku Osei-Sarpong, Founder, Executive V.P & Chief Executive Officer, CIPA Holdings Group.

The Agreement shall have an initial term of one (1) year, unless terminated earlier in accordance with its terms, and shall automatically renew for an additional thirty (30) days upon the expiry of the initial term, during which time the parties may agree to extend the Agreement or enter into a new agreement.

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.

ABOUT TUMI CLEAN TECHNOLOGIES

Tumi Clean Technologies 'Tumi' is a subsidiary of CIPA Holdings Group, an award-winning Pan-African Infrastructure company headquartered in Accra, Ghana. Tumi drives the distribution, assembly, and manufacturing of clean-technology and electromobility equipment across Africa, supporting the continent's shift towards a low-carbon, climate-resilient economy. Through partnerships with its OEM partners including Sparq Systems, Tumi is expanding access to advanced solar and storage technologies while developing local assembly capacity in Ghana. Leveraging AfCFTA framework, Tumi aims to build regional supply chain that promotes technology transfer, green jobs and African-made clean-energy solutions across the continent. CIPA Holdings, the parent company of Tumi, has been featured in Forbes Africa and Gulf News UAE and recognized with multiple industry awards for leadership in clean energy, climate-resilient infrastructure, and inclusive development across Africa.

Cautionary Note

Certain statements contained in this press release constitute "forward-looking statements". All statements other than statements of historical fact contained in this press release, including, without limitation, any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.

Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273458

FAQ

What did Sparq (SPRQF) announce on November 6, 2025 about Africa?

Sparq announced a manufacturer's authorization and supply agreement with Tumi and Rolaz to distribute microinverters in Ghana and sub‑Saharan Africa, starting with a six‑month pilot.

What is the duration and renewal of the Sparq SPRQF agreement with Tumi?

The Agreement has an initial term of one year and automatically renews for 30 days after expiry while parties negotiate next steps.

Does the SPRQF deal give Tumi exclusive distribution rights in Africa?

The Agreement provides a non‑binding framework for exclusivity if Tumi meets certain minimum order levels to be agreed by the parties.

Will Sparq microinverters be assembled in Ghana under SPRQF deal?

The Agreement contemplates a non‑binding exclusive license for assembly in Ghana, with intent to sell and distribute products across sub‑Saharan Africa.

How long is the pilot period in Sparq's SPRQF Africa agreement?

The pilot period is six months to validate market readiness before wider distribution or exclusivity is considered.

What immediate impact should investors expect from the SPRQF supply agreement?

Expect initial commercial testing and market entry activity during the six‑month pilot and one‑year agreement term; no sales volumes or financial guidance were provided.

How could AfCFTA factor into Sparq's SPRQF expansion in Africa?

Tumi indicated plans to leverage AfCFTA to scale distribution continent‑wide and strengthen regional supply chains, per the Agreement's intent.