Original News Release
Braille Energy to issue 1.47 million shares for debt
Mr. Lindsay Weatherdon reports
BRAILLE ENERGY SYSTEMS INC. PROVIDES CORPORATE UPDATE ON ELECTRAFY(TM), BRAILLE BATTERY, STRATEGIC OUTLOOK AND SHARES FOR DEBT TRANSACTION
Braille Energy Systems Inc. has provided a corporate update on its product lines, growth strategy and market outlook.
Electrafy: enabling reliable, intelligent energy solutions
Braille Energy's Electrafy platform, a turnkey high-density residential energy management and storage solution, is a proprietary Braille Energy product for addressing the growing energy reliability needs in North America. As extreme weather events, rolling blackouts and increasing strain on power grids highlight the vulnerabilities of existing infrastructure, Electrafy is positioned to deliver reliable, scalable solutions for customers seeking energy security and cost-efficiency.
While initial pilot projects have targeted commercial fleets and microgrids, the company sees significant opportunity for Electrafy in the high-density urban residential sector, including condominiums, multiunit dwellings and community developments. These applications are expected to benefit from modular storage and intelligent load-balancing capabilities that can reduce energy costs, enable backup power and support the transition to electric mobility.
Go-to-market strategy and partnerships
To accelerate adoption, Braille Energy is advancing and expanding its partnership announced on Jan. 8 with Enercare, one of North America's largest providers of energy services for the residential sector. Together, the companies are exploring deployment opportunities for Electrafy in multiresidential backup power systems. In addition, Braille Energy is building out new distribution channels with technology integrators, utilities and real estate developers to expand its market reach across residential, commercial and fleet segments.
"Energy reliability is an area where our technology can make an impact," said Lindsay Weatherdon, president and chief executive officer of Braille Energy. "Electrafy was designed to provide dependable, cost-effective backup power to the North American energy grid at a time when it faces new challenges. Our partnership with Enercare and other distribution initiatives will enable us to bring these benefits to more customers, faster."
"BESI has a history of innovation and performance with battery systems," said Jeffrey York, chairman of the board of Braille Energy. "With Electrafy, we are extending that leadership into a space that addresses a pressing issue: energy reliability. By combining our technology expertise with key industry partnerships, we are looking to play a role in improving the reliability of our energy systems in North America."
Braille Battery Inc.: expanding performance applications
Alongside Electrafy, the company's Braille Battery division continues to operate as a global leader in ultralightweight, high performance lithium batteries. Trusted in professional racing and performance automotive sectors, Braille Battery is now focused on maintaining its reputation and continuing to provide customers with its batteries more efficiently.
Strategic goals for 2025
For the remainder of the year, Braille Energy will focus on:
Scaling Electrafy pilot projects into full deployments with residential, fleet and commercial customers;
Expanding partnerships with Enercare and additional distribution networks to reach high-density residential markets;
Continuing the commercial expansion of Braille Battery;
Optimizing operational efficiency to support sustainable growth and scalability.
Market outlook
The dual pressures of electrification and grid reliability challenges are placing increasing strains on an aging electrical grid. Braille Energy's product portfolio positions the company to serve high-growth markets, including residential energy reliability. "As we begin the commercial ramp-up of Electrafy, we are more focused than ever on bringing our products to customers that will benefit from them," added Mr. Weatherdon. "We remain committed to creating long-term value for our shareholders by executing on our growth strategy and capturing opportunities in battery and energy storage sector, and high performance battery markets."
Share-for-debt transaction
The company announced that it has entered into a debt settlement agreement to settle $73,883 in outstanding debt owed to an arm's-length party through the issuance of an aggregate of 1,477,660 units at a price of five cents per unit.
Each unit to be issued consists of one common share of the company and one common share purchase warrant, with each warrant being exercisable for one additional common share at a price of five cents per share for a period of two years from the date of issuance.
Closing of the debt settlement is subject to customary closing conditions, including the approval of the TSX Venture Exchange. The securities to be issued pursuant to the debt settlement will be subject to a hold period of four months and one day following the date of issuance, in accordance with applicable securities laws and TSX-V policies.
About Braille Energy Systems Inc.
Braille Energy holds an 89.95-per-cent equity interest in Braille Holdings Inc., which holds a 100-per-cent equity interest in Braille Battery. Braille Battery is an established battery-manufacturing and energy storage company supplying batteries to the professional motor sports industry and the pioneer of a complete line of lightweight high-powered battery systems for the transportation market. Braille Energy will expand its market penetration into a wider range of market segments that require lightweight, high performing energy solutions, using the most scientifically advanced materials.
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