Hybrid Power Solutions Announces Restocking Order For Distribution Partnership with Colony Hardware
Hybrid Power Solutions (CSE: HPSS, OTCQB: HPSIF, FSE: E092) announced that its distribution partner, Colony Hardware, has sold out of Hybrid's products in one of their major warehouses. Due to high demand, Colony Hardware has placed a larger restocking order.
The strategic collaboration, announced on June 6, 2024, aims to expand Hybrid's reach through Colony Hardware's network of 64 locations across the U.S. This immediate success highlights strong demand for Hybrid's fuel-free power solutions and demonstrates the scalability of its manufacturing capabilities.
CEO Francois Byrne expressed confidence in the partnership's potential to drive significant revenue growth, emphasizing the company's commitment to sustainable power solutions and its growing distribution network.
- High demand for Hybrid's products led to a sellout in one of Colony Hardware's major warehouses.
- Larger restocking order from Colony Hardware indicates strong market acceptance.
- Partnership with Colony Hardware, a network of 64 U.S. locations, broadens market reach.
- Immediate success of partnership suggests potential for substantial revenue growth.
- Company demonstrates scalability of manufacturing capabilities to meet demand.
- Dependency on a single distribution partner may pose a risk if the relationship changes.
- Information on actual revenue figures from this partnership is lacking.
- No data on how this restocking order compares to initial projections.
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) (FSE: E092) ("Hybrid" or the "Company"), a Canadian manufacturer of industrial, fuel-free power solutions, is pleased to announce that its recently announced distribution partner, Colony Hardware, has already sold out of Hybrid's products in one of their two large warehouses. In response to the strong demand, Colony Hardware has placed a larger restocking order. This strategic collaboration aims to expand the reach of Hybrid's innovative power products and drive substantial revenue growth.
The rapid sellout and subsequent restocking order underscore the immediate success of the distribution partnership between Hybrid Power Solutions and Colony Hardware, which was announced on June 6, 2024. The partnership aims to expand the reach of Hybrid's innovative power products through Colony Hardware's extensive network of 64 locations across the United States.
"We are thrilled with the overwhelming response to our products at Colony Hardware," said Francois Byrne, CEO at Hybrid Power Solutions. "Selling out in one of their major warehouses so quickly after the partnership announcement validates the strong demand for our fuel-free power solutions. We are working closely with Colony Hardware to ensure a swift restocking process and to support their ongoing sales efforts."
The larger restocking order from Colony Hardware demonstrates the scalability of Hybrid Power Solutions' manufacturing capabilities and the company's readiness to meet growing demand. The company remains committed to providing reliable, sustainable power solutions to industries in need through its expanding distribution network.
"This early success with Colony Hardware reinforces our confidence in the partnership and its potential to drive significant revenue growth," added Byrne. "We look forward to further collaborations with Colony Hardware as we work together to bring clean energy solutions to a wider audience."
Hybrid Power Solutions continues to focus on advancing its fuel-free power technology and supporting the transition to sustainable energy across various industries. The company's expanding distribution network and growing sales are key indicators of the increasing adoption of its innovative power solutions.
For further information, inquiries, or media opportunities, please contact:
On behalf of the Company
Francois Byrne CEO and Director
invest@hybridps.ca
1-(866)-549-2743
www.investhps.com
About Hybrid Power Solutions Inc.
Hybrid Power Solutions Inc. is a Canadian clean energy company listed on the Canadian Securities Exchange under the symbol "HPSS". Hybrid specializes in the development of sustainable energy solutions, offering products that redefine how industries approach access to power and energy storage. With a focus on innovation and environmental responsibility, HPS continues to lead the way in providing scalable, cost effective power solutions.
Forward-looking information
Forward Looking Statements Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will", "expects", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
The Canadian Securities Exchange does not accept 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/213349
FAQ
What company experienced high demand for its fuel-free power solutions leading to a sellout?
When did Hybrid Power Solutions and Colony Hardware announce their distribution partnership?
What is the significance of the restocking order from Colony Hardware for Hybrid Power Solutions?
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