SPARQ Systems Named in TSX Venture 50 List of Top Performing Companies

Rhea-AI Summary

Sparq Systems (TSXV: SPRQ) (OTCQB: SPRQF) has been recognized in the TSX Venture 50 list within the Clean Technology and Renewable Energy sector. This prestigious ranking identifies the top 50 performing companies on the TSX Venture Exchange based on three key criteria: one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value, each weighted equally.

CEO Praveen Jain expressed pride in this achievement, noting it reflects the company's strong momentum and validates their strategic direction. The recognition highlights investor confidence and the company's commitment to innovation and long-term value creation. Detailed information and a feature video about Sparq's inclusion in the TSX Venture 50 are available on the TSX website.

Toronto, Ontario--(Newsfile Corp. - February 19, 2025) - Sparq Systems Inc. (TSXV: SPRQ) (OTCQB: SPRQF) (FSE: M26) ("Sparq" or the "Company") is pleased to announce that it has been included in the TSX Venture 50 list in the Clean Technology and Renewable Energy sector.

TSX Venture 50 is a ranking of the 50 top-performing companies on the TSX Venture Exchange over the last year. Companies are ranked based on three equally-weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

Praveen Jain, Chief Executive Officer of the Company, commented: "Being named to the TSX Venture 50 is an incredible honor and a reflection of our company's momentum. Our share price appreciation and market cap growth underscore the strength of our strategy, execution, and confidence of our investors. We remain committed to driving innovation, delivering long term value, and building on this success."

More details on the TSX Venture 50 and a video highlighting Sparq can be found at: www.tsx.com/Venture50.

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.

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, and 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.

Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company's management's discussion and analysis for the financial year ended December 31, 2023. 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

63478658.4

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241494

FAQ

What criteria earned SPRQF a place in the 2025 TSX Venture 50 list?

SPRQF was selected based on three equally-weighted criteria: one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

Which sector category was SPRQF listed under in the TSX Venture 50?

SPRQF was listed in the Clean Technology and Renewable Energy sector category of the TSX Venture 50.

What does the TSX Venture 50 listing mean for SPRQF investors?

The listing indicates strong performance in share price appreciation and market capitalization growth, reflecting positive momentum and investor confidence in the company.

Where can investors find more information about SPRQF's TSX Venture 50 recognition?

Investors can find more details and watch a video highlighting Sparq at www.tsx.com/Venture50.