Energy Plug Technologies Corp. - Q2 2025 Corporate Update
Energy Plug Technologies Corp. (OTCQB: PLGGF) provided a comprehensive Q2 2025 corporate update highlighting significant operational progress. The company, in partnership with Malahat Battery Technologies, is focusing on Canadian-designed secure energy systems. Key developments include a strategic partnership with SEETEL New Energy for non-China supply chain solutions, pending UL certification for a 5MWh containerized battery storage solution expected in September 2025, and executive team expansion with new CTO and CFO appointments.
The company is involved in multiple multimillion-dollar projects with 3GA Marine Ltd. and BC Hydro for port electrification. Energy Plug has also strengthened its position through Canadian technology partnerships, advanced R&D collaborations with Quantum eMotion Corp and Hillcrest Energy Technologies, and improved its financial position from negative to positive working capital since December 2024.
Energy Plug Technologies Corp. (OTCQB: PLGGF) ha fornito un aggiornamento aziendale completo per il secondo trimestre 2025, evidenziando importanti progressi operativi. La società, in collaborazione con Malahat Battery Technologies, si concentra su sistemi energetici sicuri progettati in Canada. Tra gli sviluppi chiave vi è una partnership strategica con SEETEL New Energy per soluzioni di catena di approvvigionamento fuori dalla Cina, la certificazione UL in attesa per una soluzione di accumulo energetico containerizzata da 5MWh prevista per settembre 2025, e l’ampliamento del team esecutivo con nuove nomine a CTO e CFO.
L’azienda è coinvolta in diversi progetti multimilionari con 3GA Marine Ltd. e BC Hydro per l’elettrificazione dei porti. Energy Plug ha inoltre rafforzato la propria posizione attraverso partnership tecnologiche canadesi, collaborazioni avanzate di R&D con Quantum eMotion Corp e Hillcrest Energy Technologies, migliorando la propria situazione finanziaria da capitale circolante negativo a positivo da dicembre 2024.
Energy Plug Technologies Corp. (OTCQB: PLGGF) presentó una actualización corporativa integral del segundo trimestre de 2025, destacando avances operativos significativos. La compañía, en asociación con Malahat Battery Technologies, se enfoca en sistemas energéticos seguros diseñados en Canadá. Los desarrollos clave incluyen una asociación estratégica con SEETEL New Energy para soluciones de cadena de suministro fuera de China, la certificación UL pendiente para una solución de almacenamiento de batería containerizada de 5MWh esperada para septiembre de 2025, y la ampliación del equipo ejecutivo con nuevos nombramientos de CTO y CFO.
La empresa participa en múltiples proyectos multimillonarios con 3GA Marine Ltd. y BC Hydro para la electrificación de puertos. Energy Plug también ha fortalecido su posición mediante asociaciones tecnológicas canadienses, colaboraciones avanzadas de I+D con Quantum eMotion Corp y Hillcrest Energy Technologies, y ha mejorado su situación financiera pasando de capital de trabajo negativo a positivo desde diciembre de 2024.
Energy Plug Technologies Corp. (OTCQB: PLGGF)는 2025년 2분기 기업 업데이트를 통해 중요한 운영 진전을 발표했습니다. 회사는 Malahat Battery Technologies와 협력하여 캐나다에서 설계된 안전한 에너지 시스템에 집중하고 있습니다. 주요 개발 사항으로는 중국 외 공급망 솔루션을 위한 SEETEL New Energy와의 전략적 파트너십, 2025년 9월 예정인 5MWh 컨테이너형 배터리 저장 솔루션의 UL 인증 대기, 그리고 새로운 CTO 및 CFO 임명을 통한 경영진 확장이 포함됩니다.
회사는 3GA Marine Ltd. 및 BC Hydro와 함께 항만 전기화 관련 수백만 달러 규모의 다수 프로젝트에 참여하고 있습니다. 또한 Energy Plug는 캐나다 기술 파트너십, Quantum eMotion Corp 및 Hillcrest Energy Technologies와의 고급 연구개발 협력, 그리고 2024년 12월 이후 부정적에서 긍정적으로 전환된 운전자본 개선을 통해 입지를 강화했습니다.
Energy Plug Technologies Corp. (OTCQB : PLGGF) a publié une mise à jour complète pour le deuxième trimestre 2025, mettant en avant des progrès opérationnels significatifs. L’entreprise, en partenariat avec Malahat Battery Technologies, se concentre sur des systèmes énergétiques sécurisés conçus au Canada. Parmi les développements clés figurent un partenariat stratégique avec SEETEL New Energy pour des solutions de chaîne d'approvisionnement hors Chine, une certification UL en attente pour une solution de stockage par batterie containerisée de 5 MWh prévue pour septembre 2025, ainsi que l’expansion de l’équipe dirigeante avec la nomination d’un nouveau CTO et CFO.
L’entreprise est engagée dans plusieurs projets multimillionnaires avec 3GA Marine Ltd. et BC Hydro pour l’électrification des ports. Energy Plug a également renforcé sa position grâce à des partenariats technologiques canadiens, des collaborations avancées en R&D avec Quantum eMotion Corp et Hillcrest Energy Technologies, et a amélioré sa situation financière en passant d’un fonds de roulement négatif à positif depuis décembre 2024.
Energy Plug Technologies Corp. (OTCQB: PLGGF) gab ein umfassendes Unternehmensupdate für das zweite Quartal 2025 bekannt, das bedeutende operative Fortschritte hervorhob. Das Unternehmen konzentriert sich in Partnerschaft mit Malahat Battery Technologies auf in Kanada entwickelte sichere Energiesysteme. Zu den wichtigen Entwicklungen zählen eine strategische Partnerschaft mit SEETEL New Energy für Lieferkettenlösungen außerhalb Chinas, die ausstehende UL-Zertifizierung für eine 5MWh containerisierte Batteriespeicherlösung, die für September 2025 erwartet wird, sowie die Erweiterung des Führungsteams durch neue CTO- und CFO-Ernennungen.
Das Unternehmen ist an mehreren multimillionenschweren Projekten mit 3GA Marine Ltd. und BC Hydro zur Hafenelektrifizierung beteiligt. Energy Plug hat zudem seine Position durch kanadische Technologiepartnerschaften, fortschrittliche F&E-Kooperationen mit Quantum eMotion Corp und Hillcrest Energy Technologies gestärkt und seine finanzielle Lage seit Dezember 2024 von negativem zu positivem Working Capital verbessert.
- Strategic partnership with SEETEL New Energy for non-China supply chain solutions
- UL Certification for 5MWh battery storage solution expected in September 2025
- Transition from negative to positive working capital position
- Participation in multiple multimillion-dollar port electrification projects
- Executive team strengthening with new CTO, CFO appointments
- International expansion through agreement with GG Ventures of the Carolinas
- Termination of Enwind Power Co Ltd. agreement
- Revenue inflection point still pending for second half of the year
- UL Certification still pending, potentially affecting commercial deployment timeline
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2025) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug", "PLUG", or the "Company"), in partnership with Indigenous-owned Malahat Battery Technologies, continues its focus on delivering Canadian-designed, secure energy systems. With 2025 marking a pivotal year, the Company is targeting domestic and export markets with systems primarily built from Canadian components.
Management Commentary:
"In Q1 2025, we made significant progress across technology innovation, commercial expansion, and strategic partnerships," said Paul Dickson, CEO of Energy Plug. "Our expansion into defence, telco sector, and cybersecurity-related energy infrastructure has energized our momentum. Our partnership with Malahat Nation has developed into a stronger venture that has allowed both companies to enter new sectors, government and nongovernment. The reaction from customers and partners reinforces our conviction that PLUG is on the cusp of a meaningful revenue inflection in the second half of the year."
Notable Business Highlights:
- Strategic International Partnership:
Formed a key partnership with SEETEL New Energy Co., Ltd. (TW: 7740) to develop battery storage solutions using a non-China supply chain reinforcing secure and geopolitically stable energy delivery systems.
- Market Readiness:
UL Certification is underway for 5MWh containerised battery storage solution for both the Canadian and U.S. markets and is expected in September 2025, marking a significant milestone toward commercial deployment.
- Executive Team Expansion:
Appointed a new CTO, CFO, controller, and technical staff, strengthening the Company's leadership and technical capabilities.
- Financial Progress:
Transitioned from a negative working capital in December 2024 to a positive financial position in 2025, with a notable reduction in Accounts Payable.
- Major Project Development:
Participating in four proposed multimillion-dollar projects with 3GA Marine Ltd. and three with BC Hydro, focused on power barges for electrifying the ports of Vancouver, Victoria, and Gibsons to Vancouver Greenline Ferries.
The Enwind Power Co Ltd. agreement has been terminated as client demand is for a secure Canadian-based solution, which Energy Plug has pivoted to with its technology partner companies through Malahat Battery Technologies.
Government Engagement:
The Company has held meetings with provincial ministers in Ontario in May 2025 and British Columbia in June 2025 to explore expansion opportunities, including new manufacturing operations for Secure Energy Systems targeting utilities, residential, and defence sectors.
- International expansion with agreement with GG Ventures of the Carolinas, LLC in the USA as released on July 10, 2025.
- Defence Industry Collaboration:
Company representatives attended CanSec 2025 in Ottawa, a Canadian defence, security and emerging technology event, initiating R&D engagements with an international defence contractor.
- Canadian Technology Partnerships:
Signed agreements with several Canadian technology firms to co-develop Secure Energy Projects across diverse sectors.
- Advanced R&D Collaborations:
Continued work with Quantum eMotion Corp ("QNC.V") on proprietary quantum-based security IP solutions, and new partnerships with Hillcrest Energy Technologies Ltd. ("HEAT.C"), (innovative inverter technology) to provide inverter solutions utilizing its proprietary Zero Voltage Switching ("ZVS") technology in aerospace and military applications for customers identified and secured by Energy Plug and Northwest Mettech Corp. (advanced thermal spray coatings) to develop lighter, more resilient coatings suitable for Arctic, marine, utility, and defence applications.
Energy Plug continues to advance its mission of delivering secure, sovereign energy systems built in Canada, for Canada and the world.
About Energy Plug Technologies Corp.
Energy Plug Technologies Corp. is a leader in secure and resilient energy storage solutions, advancing next-generation battery technologies for residential, commercial, and utility applications. The Company is committed to enhancing grid stability, cybersecurity, and sustainable energy adoption, working in collaboration with leading technology firms, government agencies, and Indigenous communities.
For more information, visit https://energyplug.com.
Contact:
Energy Plug Technologies Corp.
Paul Dickson CEO, Director
info@energyplug.com
(604) 283-1262
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Energy Plug Technologies Corp.'s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258803
FAQ
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