Hybrid Power Solutions Receives Order from Canadian Municipality for Batt Pack Energy Units

Executive Summary

• Hybrid Power Solutions received an order for three Batt Pack Energy units from a Canadian municipality, highlighting growth in the municipal/government segment.
• The company entered into a debt settlement with Cascade Ventures Ltd., issuing 750,000 common shares at a deemed price of $0.05 per share and paying CDN$5,000 cash to settle trade payables totaling CDN$42,500.
• The settlement shares are issued under prospectus exemptions, subject to a statutory hold period of four months and one day, and do not create a new control person.

Key Details

• Order Details: 3 Batt Pack Energy units – each 2.5 kWh capacity, 3,000 W continuous (6,000 W peak), 36 kg weight, integrated solar/grid/vehicle charging.
• Customer: Unnamed Canadian municipality; order underscores demand for zero‑emission portable power in the public sector.
• Debt Settlement Agreement:
• Counterparty: Cascade Ventures Ltd. (“Cascade”).
• Outstanding trade payables settled: CDN$42,500.
• Consideration: 750,000 common shares at a deemed price of $0.05 per share + CDN$5,000 cash payment.
• Shares issued pursuant to Canadian securities prospectus exemptions; statutory hold period of 4 months + 1 day applies.
• Settlement pending approval by the Canadian Securities Exchange (CSE).
• Impact on Capital Structure: No new control person created; no finder’s fees payable. The share issuance preserves cash while addressing obligations.

Notable Quotes

“These orders validate the growing trust in Hybrid Power Solutions’ clean energy technology,” said François Byrne, CEO.
“The Debt Settlement allows the Company to preserve cash resources while responsibly addressing its outstanding obligations.”