Hybrid Power Solutions - HPSIF STOCK NEWS

Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) (FSE: E092) has announced a strategic partnership with TEC Sales to expand its presence in the U.S. market. TEC Sales, a premier sales representative agency, brings 64 sales representatives and $800 million in annual sales to the partnership. This collaboration aims to enhance Hybrid's market reach and deliver innovative energy solutions to a broader customer base.

The partnership offers several key benefits, including expanded market reach through TEC Sales' nationwide network, an experienced sales force with deep industry knowledge, and high-impact collaboration leveraging TEC Sales' capabilities for greater U.S. market penetration. This strategic move aligns with Hybrid's vision to provide scalable, reliable, and clean energy solutions to critical sectors such as infrastructure and manufacturing.

Hybrid Power Solutions Inc. (CSE: HPSS) (OTC: HPSIF) has secured a significant energy sale following its participation in a quarterly superintendent meeting in Ottawa. As the exclusive vendor at the event, Hybrid engaged with over 20 superintendents, resulting in a sale of their Spark trailer-mounted hybrid power solution to a key procurement manager. The sale addresses critical industry challenges, including high diesel costs and emissions reduction needs.

CEO Francois Byrne highlighted that superintendents spend up to $9,000 to $10,000 monthly on diesel for on-site office trailers, costs that Hybrid's solutions aim to reduce significantly. The company's partnership with EllisDon played a important role in securing this sale, featuring Hybrid's diesel + solar hybrid system and the Spark during the meeting's sustainability portion.

This sale is expected to contribute significantly to Hybrid's revenue growth and strengthen its position in the clean energy market, particularly within the construction sector.

Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) has received a test order for two Batt Pack Energy (BPEs) from a prominent U.S. government agency focused on emergency response. This order, facilitated through a strategic distribution partner, marks a significant step in Hybrid's relationship with key government bodies. The Batt Pack Energy offers clean, portable energy solutions suitable for various applications.

Key features of Hybrid's battery power systems include zero emissions, high portability, durability, reliability, and versatile application. This test order is an important milestone in Hybrid's efforts to supply clean energy solutions to government and emergency management sectors.

Additionally, Hybrid has amended the terms of its outstanding secured convertible debentures representing a principal amount of approximately $141,111. The maturity date has been extended by 30 days to November 16, 2024, and the conversion price has been decreased from $0.14 per share to $0.05 per share for the remainder of the principal amount.

Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) (FSE: E092) announces its zero-emission generators are now listed on the California Air Resource Board (CARB). This recognition aligns with California's strict air quality standards and positions Hybrid as a key player in the clean energy transition.

The company's battery-powered generators offer a sustainable alternative to traditional fossil-fuel models, featuring zero emissions, reduced noise, and high portability. CEO Francois Byrne emphasizes the significance of this CARB listing for market exposure and compliance.

Hybrid is also pursuing additional CARB listings for battery-powered construction tools and industrial equipment, aiming to expand its influence in sustainable energy solutions across multiple sectors. The company's generators are designed for various applications, including construction, events, and emergency backup power, supporting California's shift towards clean energy sources.

Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) has received a new restocking order from Colony Hardware, reinforcing its strong presence in the U.S. construction market. The order includes four Batt Pack Energy (BPE) units and one Batt Pack Pro (BPP) unit. This reorder demonstrates the growing adoption of Hybrid's sustainable power solutions in the industry.

The company's partnership with Colony Hardware has led to consistent growth and increasing demand for its innovative products. Hybrid's power solutions are being deployed across various applications in construction, including powering bridge deck pouring operations, supplying energy for contractors' fleet servicing vehicles, and providing temporary power for site trailers. The versatility and reliability of the BPE and BPP units have impressed clients, driving repeat orders and new customer acquisitions.

Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) has announced a delay in filing its annual financial statements for the year ended May 31, 2024. The delay is due to the company's transition from external to internal accounting services and delayed payments to auditors. Hybrid expects to file the Annual Filings by October 31, 2024, missing the original September 30 deadline.

The company has applied for a Management Cease Trade Order (MCTO) with the British Columbia Securities Commission to address the anticipated default. If granted, the MCTO will not affect trading by persons who are not directors, officers, or insiders of the company.

Additionally, Hybrid has suspended its marketing agreement with MIC Market Information & Content Publishing GmbH indefinitely. Approximately CDN $350,000 of the CDN $480,000 provided to MIC has been returned to the company.

Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) has secured a new order for its advanced power units from the California Air National Guard (CANG) through its distributor, Military Battery Systems, Inc. This order strengthens Hybrid's presence in the U.S. defense sector and demonstrates the growing adoption of its sustainable energy solutions in military operations.

Hybrid's power units offer significant advantages over traditional power sources, including enhanced portability, superior power quality, reduced environmental impact, low noise operation, and operational flexibility. These features make them ideal for powering sensitive electronics and equipment used in modern military missions, ensuring stable and clean power supply while supporting sustainability initiatives.

Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) has secured a recurring order for its Batt Pack Energy (BPE) units from a U.S. military customer in Japan through its strategic distributor, Military Battery Systems, Inc. This order highlights the growing adoption of Hybrid's sustainable power solutions in military applications, particularly in remote and challenging environments.

The BPE units offer significant advantages over traditional diesel generators, including enhanced portability, superior power quality, reduced environmental impact, low noise operation, and operational flexibility. These features make them ideal for powering sensitive electronics in modern military operations, including drone warfare and advanced equipment.

CEO Francois Byrne emphasized that this recurring order validates the reliability and effectiveness of their products, as well as the increasing demand for sustainable, portable power solutions in military operations worldwide. The company sees this as an opportunity for further expansion in the defense sector.

Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) has successfully delivered an advanced power unit to a branch of the U.S. Military Police through its strategic distributor, Military Battery Systems. This sale marks a significant milestone for the company, demonstrating the adaptability and reliability of its innovative power solutions in meeting rigorous military requirements.

While specific details about the end-user are confidential due to security considerations, this deployment highlights the growing adoption of Hybrid's technology in critical sectors. The power unit is designed to provide reliable, sustainable, and efficient power in challenging environments, aligning with the military's focus on energy resilience and reduced environmental impact.

CEO Francois Byrne expressed enthusiasm about the sale, stating that it validates the robustness and efficiency of their products while emphasizing the strategic importance of their partnership with Military Battery Systems in accessing key military and government sectors.