Hybrid Power receives order for Batt Pack Energy units

Executive Summary

• Hybrid Power Solutions Inc. has secured an order for three Batt Pack Energy units from an unnamed Canadian municipality, marking a strategic expansion in the municipal and government clean energy sectors.
• The company entered into a debt settlement agreement with Cascade Ventures Ltd. to resolve $42,500 in outstanding trade payables, paying $5,000 in cash and issuing 750,000 common shares.
• The debt settlement is subject to approval by the Canadian Securities Exchange and includes a statutory hold period of four months and one day for the issued shares.

Key Details

• Municipal Order:
  • Product: Three Batt Pack Energy units.
  • Customer: An unnamed Canadian municipality.
  • Strategic Context: Part of a broader push to provide zero-emission alternatives to gas/diesel generators for local agencies.
• Batt Pack Energy Specifications:
  • Capacity: 2.5 kilowatt-hours (kWh) with over 3,500 charge cycles.
  • Output: 3,000-watt continuous output; 6,000-watt peak surge.
  • Charging: Integrated inputs for solar, grid, or vehicle charging.
  • Weight: 36 kilograms.
  • Origin: Designed and manufactured in Canada.
• Debt Settlement Agreement (Cascade Ventures Ltd.):
  • Total Debt Settled: $42,500 (aggregate outstanding trade payables).
  • Consideration:
    • Cash payment: $5,000.
    • Share issuance: 750,000 common shares.
  • Share Price: Deemed price of $0.05 per share.
  • Regulatory Status: Subject to approval by the Canadian Securities Exchange (CSE).
  • Share Restrictions: Statutory hold period of four months and one day from issuance.
  • Other Terms: No new control person created; no finders' fees paid.
  • Purpose: Preserve cash resources while addressing outstanding obligations.

Notable Quotes

• "These orders validate the growing trust in Hybrid Power Solutions' clean energy technology. Municipalities are under increasing pressure to reduce emissions while maintaining operational flexibility and our systems provide an immediate and proven solution." — Francois Byrne, Chief Executive Officer