Intellistake wins $278,000 contract with Powerbank

Executive Summary

• Intellistake Technologies Corp. secured a C$278,000 (approx. US$203,800) contract with Powerbank Corp. to build and deploy two AI agent platforms following a successful closed beta program.
• The agreement marks the commencement of enterprise software revenue for Intellistake and represents the first implementation of its AI agent strategy.
• Payment for the contract will be settled via the issuance of 121,723 common shares in Powerbank, subject to stock exchange approval.

Key Details

• Contract Value: Combined Year 1 value of approximately C$278,000 (Canadian-dollar equivalent of U.S.-dollar amounts).
• Counterparty: Powerbank Corp. (independent renewable and clean energy project developer).
• Deliverables:
  • Public-facing AI communications agent: A secure interface embedded in Powerbank’s website for natural-language access to public disclosures, generating analytics on engagement patterns and usage trends.
  • IntelliScope: A bespoke internal multiagent business intelligence framework designed to support operational workflows, specifically focusing on renewable energy development in the U.S. (site identification, grant eligibility, regulatory assessment).
• Development History: Both platforms completed approximately three months of proof-of-concept development during a closed beta phase prior to contract execution.
• Payment Terms: Powerbank intends to settle the payment through the issuance of 121,723 common shares at a deemed price of $2.29 per common share.
• Related Party Disclosure: Paul Sparkes is a common director for both Intellistake and Powerbank; however, he did not participate in the negotiation or approval process.
• Strategic Context: The contract supports Intellistake’s strategy of building enterprise AI systems for external communications and internal decision-making, aiming to bridge decentralized networks with real-world industry adoption.

Notable Quotes

• Jason Dussault, CEO of Intellistake: "This marks a meaningful step forward for the company as we continue to execute on one of our core business pillars."
• Liam Harpur, VP of Technology and Development at Intellistake: "The architecture we've built provides a solid foundation that can now be deployed reliably at an enterprise level."
• Dr. Richard Lu, CEO of Powerbank: "These contracts allow us to move forward with deployment, and we're looking forward to seeing how these tools are applied across both our external communications and internal operations."