Intellistake Technologies Corp Secures C$278,000 AI Software Contract with PowerBank Corporation

Executive Summary

• Intellistake Technologies Corp. signed a Year 1 contract valued at approximately C$278,000 with PowerBank Corporation to build and deploy two AI agent platforms.
• The agreement initiates enterprise‑software revenue for Intellistake and includes an option for multi‑year subscription extensions.
• Payment will be partially settled via issuance of 121,723 PowerBank common shares at a deemed price of $2.29 per share.

Key Details

• Contract Value: Approx. C$278,000 (Canadian dollar equivalent of the U.S. dollar amounts).
• Scope of Work:
• Build and deploy a public‑facing AI communications agent embedded in PowerBank’s website.
• Develop “IntelliScope,” a bespoke internal multi‑agent business intelligence framework for PowerBank’s operational workflows, initially focused on renewable energy project analysis in the U.S.
• Phase 1: Delivery of minimum viable products (MVPs) and initial production rollout after three months of proof‑of‑concept development during a closed beta.
• Subscription Services: Includes implementation work and ongoing platform services; option to extend into a multi‑year subscription subject to mutual agreement.
• Payment Structure: PowerBank will settle the contract partially by issuing 121,723 common shares at a deemed price of $2.29 per share, pending stock exchange approval.
• Common Director Disclosure: Paul Sparkes serves as a director on both companies but did not participate in negotiation or approval of the transaction.

Notable Quotes

• Jason Dussault, CEO, 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, Intellistake: “The architecture we've built provides a solid foundation that can now be deployed reliably at an enterprise level.”
• Dr. Richard Lu, CEO, PowerBank Corporation: “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.”