Sparq Receives Purchase Order For 60 MW of Microinverters

Rhea-AI Summary

Sparq (OTCQB: SPRQF) received a purchase order on March 7, 2026 to supply 30,000 Q2000 Quad microinverters (60 MW) for deployment in India. The order is described as a recurring shipment tied to a long-term manufacturing and supply agreement and supports the company's international, high-volume growth strategy.

The release highlights Sparq's inverter design that removes short-life electrolytic capacitors, reduces semiconductor stress, and enables features such as precise power regulation and zero-export operation.

Positive

• Purchase order for 30,000 units equal to 60 MW
• Order described as recurring under an existing long-term supply agreement
• Supports high-volume expansion into the Indian solar market
• Product design removes electrolytic capacitors, implying longer operational life

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - March 11, 2026) - Sparq Systems Inc. (TSXV: SPRQ) (OTCQB: SPRQF) (FSE: M26) ("Sparq" or the "Company") is pleased to announce that on March 7, 2026 the Company received confirmation of a purchase order to supply 30,000 of its Q2000 Quad Microinverters (60 megawatts) for deployment in the Indian market. These microinverters represent another reoccurring order in connection with a long term partnership pursuant to the terms of the manufacturing and supply agreement announced by the Company on February 8, 2024.

"This purchase order reflects growing acceptance of Sparq's Quad microinverter platform in the Indian solar market and supports Sparq's strategy of expanding into high-volume international deployments. India is an important growth market for the Company and this order demonstrates strong customer confidence in the performance, reliability, and scalability of our technology," commented Dr. Praveen Jain, Chief Executive Officer of Sparq.

Sparq's proprietary inverter architecture significantly reduces hardware complexity through an advanced architecture based on differential geometric control methods. The design eliminates short-life electrolytic capacitors and minimizes power semiconductor stress, enabling an ultra-reliable inverter platform capable of matching or exceeding the operational life of PV modules while maximizing energy harvesting under varying operating conditions. The inverter also incorporates advanced capabilities that allow for the precise regulation of power flow, including zero-export operation where required.

ABOUT SPARQ

Sparq designs and manufactures next-generation PV microinverters that redefine performance, reliability, and cost for residential and commercial solar. Its proprietary 'Quad' microinverter uniquely optimizes four PV modules with a single device- dramatically simplifying system design and installation while delivering a lower total cost of ownership than conventional solutions. Built from the ground up for longevity, Sparq's inverters eliminate failure-prone electrolytic capacitors and use advanced AI-driven algorithms to ensure ultra-high reliability. The result is a solar inverter platform engineered to last as long as the PV panels themselves- maximizing energy yield, uptime, and long-term value.

Sparq's head office is located at 945 Princess Street, Kingston, Ontario, K7L 0E9.

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/287989

FAQ

What did Sparq (SPRQF) announce on March 7, 2026 about a purchase order?

Sparq received a purchase order for 30,000 Q2000 inverters (60 MW). According to the company, this is a recurring order tied to a long-term manufacturing and supply agreement for deployments in India, indicating sustained commercial demand.

How significant is the 60 MW Sparq (SPRQF) microinverter order for the company's growth?

The 60 MW order represents a high-volume international deployment for Sparq. According to the company, it supports the strategy to expand into India and demonstrates customer confidence in the Quad platform's reliability and scalability.

What technical advantages did Sparq (SPRQF) highlight for the Q2000 Quad microinverter?

Sparq highlighted a proprietary architecture that eliminates short-life electrolytic capacitors and reduces semiconductor stress. According to the company, this design aims to extend operational life and improve energy harvesting and precise power regulation.

Does the Sparq (SPRQF) announcement indicate the order is part of an ongoing partnership?

Yes, the company describes the purchase order as another recurring order under a long-term manufacturing and supply agreement. According to the company, this suggests an existing commercial relationship and repeat purchasing activity in the Indian market.

Will Sparq (SPRQF) microinverters support zero-export operation required by some projects?

Yes, the announced Q2000 platform includes advanced capabilities for precise regulation of power flow, including zero-export operation. According to the company, this enables compliance with project requirements that limit exported energy to the grid.