Welcome to our dedicated page for Hybrid Power Solutions news (Ticker: HPSIF), a resource for investors and traders seeking the latest updates and insights on Hybrid Power Solutions stock.
Hybrid Power Solutions Inc. (HPSIF) delivers innovative battery-powered energy systems for military, construction, and industrial applications. This news hub provides investors and industry professionals with verified updates about the company's sustainable technology developments and market progress.
Access comprehensive coverage of strategic partnerships, product innovations, and operational milestones that demonstrate HPSIF's leadership in fuel-free power solutions. Our curated collection includes press releases about new military contracts, construction sector deployments, and advancements in clean energy storage technology.
Key updates focus on the company's zero-emission power systems, distribution network expansions, and recognition within the renewable energy sector. Bookmark this page for real-time insights into how HPSIF continues to redefine portable energy solutions through cutting-edge battery technology and environmentally responsible engineering.
Hybrid Power Solutions (CSE: HPSS) (OTCQB: HPSIF) has amended the terms of its outstanding secured convertible debentures, totaling approximately $161,100. The key changes include:
1. Extension of maturity date by 60 days, from August 18, 2024 to October 17, 2024.
2. Reduction of conversion price from $0.32 per share to $0.14 per share.
These debentures, held by a single arm's length party, were originally purchased in August 2023. All other terms of the debentures remain unchanged. This amendment provides Hybrid with additional time to meet its financial obligations while potentially making the conversion option more attractive to the debentureholder.
Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) has secured a significant repeat order from a major California-based utility. The order includes 105 Batt Pack Pro (BPP) units and 55 carriers, valued at $860,895 USD ($1,192,279.99 CAD) before distributor margins. This repeat order demonstrates the growing demand for Hybrid's sustainable power solutions in the utility sector.
The Batt Pack Pro, known for its durability and versatility, offers 5,000W of continuous power and up to 10,000W surge capacity. It provides a robust, weather-resistant solution for powering essential equipment in challenging environments. This order is expected to contribute positively to Hybrid's revenue growth and strengthen its position in the clean energy market.
Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) has announced a strategic partnership with Tom Miller & Associates to expand its distribution network in the Southwestern United States. This collaboration aims to accelerate Hybrid's market penetration across various sectors, including utility and fleet vehicle outfitting, fire and rescue services, law enforcement, and mining.
Tom Miller & Associates, with 50 years of experience, has already identified promising opportunities and is in advanced negotiations with multiple distributors. This partnership is expected to enhance Hybrid's distribution capabilities and provide direct access to both new and existing markets, aligning with the company's commitment to expanding its footprint in the U.S. market.
Hybrid Power Solutions, listed on the CSE as HPSS and OTCQB as HPSIF, has renewed its marketing agreement with MIC Market Information & Content Publishing GmbH. The agreement, starting July 18 and ending September 18, 2024, or until the budget is exhausted, aims to enhance investor awareness through online marketing campaigns. MIC will be compensated EUR 325,000 and will utilize email, Facebook, and Google for the marketing activities. MIC has no other relationship with Hybrid Power Solutions outside of previous marketing engagements and will not receive company shares as part of the compensation.
Hybrid Power Solutions announces a strategic partnership with Drive Products, aiming to expand its presence in the vehicle and trucking sector. Drive Products, a leading truck equipment provider since 1983, will leverage its extensive North American network to distribute Hybrid's fuel-free power solutions. This collaboration targets the growing demand for sustainable energy in transportation, with Hybrid's Batt Pack products offering durable and versatile power options. CEO Francois Byrne emphasizes that the partnership not only extends Hybrid's reach but also revolutionizes the market. The alliance underscores Hybrid's dedication to industry growth and environmental stewardship.
Hybrid Power Solutions (CSE: HPSS) has secured a contract to supply portable power solutions to Dallas Area Rapid Transit (DART). The contract is valued at $218,530 USD (approximately $288,000 CAD) and includes the provision of 12 Batt Pack Pros, 2 Batt Pack Jupiters, and 2 Batt Pack Sparks. This is the first collaboration between the two entities, marking a significant milestone for Hybrid Power Solutions. The company's advanced fuel-free power packs are designed to improve the efficiency and sustainability of DART's operations. CEO Francois Byrne expressed enthusiasm for the partnership and hinted at future projects. This deal positions Hybrid Power Solutions as a key player in the sustainable power market for metropolitan transit systems.
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.
Hybrid Power Solutions (CSE: HPSS, OTCQB: HPSIF, FSE: E092) has announced a distribution partnership with Colony Hardware, a leading supplier to the commercial construction and industrial sectors. Colony Hardware, with 64 locations and annual revenue of over $800 million USD, will stock and rent Hybrid's fuel-free power products, aiming to generate $2 million USD in sales for the last 7 months of 2024. This agreement includes exclusive rights to Hybrid's products and aligns with Hybrid's growth strategy to expand its sales network and promote sustainable power solutions.
Hybrid Power Solutions has achieved a major milestone by delivering an initial purchase order of its Batt Pack Pro units to one of Canada's largest utilities. These units will help the utility reduce emissions, fuel consumption, and operational costs by powering tools and equipment without the need for idling vehicles. The Batt Pack Pro, originally designed for the mining sector, is now used across various industries including transit, construction, and military. It offers features such as 5.1kWh capacity, weatherproof design, and the ability to operate in extreme temperatures. The company expects this initial order to pave the way for additional orders and a potential full fleet conversion.
Hybrid Power Solutions Inc. partners with Altrasav to expand distribution into Nigeria, aiming to address energy challenges in the country. The collaboration, supported by the Canadian Trade Commissioner Service, highlights the commitment to providing sustainable energy solutions. Altrasav expresses enthusiasm for bringing Hybrid's products to Nigeria, with a $2 million CAD Letter of Intent for equipment purchase. The partnership aims to tackle critical needs in healthcare, security, education, and agriculture, leveraging clean energy solutions to drive sustainable development in Nigeria and potentially expand to other African countries.
