Hybrid enters distribution deal with Dragonfly Energy

Executive Summary

• Hybrid Power Solutions Inc. has entered into a distribution agreement with Dragonfly Energy Holdings Corp., a provider of lithium-ion battery technology and energy storage solutions.
• The partnership allows Dragonfly Energy to distribute Hybrid Power Solutions' products, specifically the "Batt Pack Pro," to its existing customer network.
• The agreement aims to accelerate the adoption of Hybrid's portable power systems in key markets, including mobile services, recreational vehicles (RVs), and off-grid applications, leveraging Dragonfly's established distribution channels.

Key Details

• Parties Involved: Hybrid Power Solutions Inc. (distributor of products) and Dragonfly Energy Holdings Corp. (distributor/partner).
• Product Focus: Hybrid's "Batt Pack Pro" and other portable power systems engineered for commercial, industrial, and off-grid applications.
• Strategic Goal: To broaden Hybrid's market reach and deliver sustainable, emission-free power solutions to a wider audience by leveraging Dragonfly Energy's expertise and customer base.
• Target Markets: Mobile services, recreational vehicles, and off-grid applications.
• Company Background: Hybrid Power Solutions is a Canadian clean energy innovator listed on the Canadian Securities Exchange (Symbol: HPSS), specializing in portable power systems that eliminate fossil fuel needs in remote areas.

Notable Quotes

• Tyler Bourns, Chief Marketing Officer, Dragonfly Energy: "At Dragonfly Energy, we're focused on delivering reliable, high performance power solutions that enable energy independence for our customers... Partnering with Hybrid Power Solutions expands that mission with North American-assembled systems engineered for the most demanding commercial, industrial and off-grid applications."
• Francois Byrne, Chief Executive Officer, Hybrid Power Solutions: "We are thrilled to partner with Dragonfly Energy, a company that shares our vision for advancing clean energy solutions... This distribution agreement will allow us to bring our reliable, ecofriendly power systems to a broader customer base, further driving the transition to sustainable energy."