Intellistake wins $278,000 contract with Powerbank

Executive Summary

• Intellistake Technologies Corp. signed a contract with Powerbank Corp. for two AI agent platforms valued at approximately C$278,000 (Year 1).
• The agreement marks Intellistake’s first implementation of its AI‑agent strategy and initiates enterprise software revenue.
• Payment will be made by Powerbank issuing 121,723 common shares at a deemed price of $2.29 per share, subject to stock‑exchange approval.

Key Details

• Contract Value: Approx. C$278,000 (Year 1) – Canadian‑dollar equivalent of the U.S. dollar amounts.
• Platforms Delivered:
• Public‑facing AI communications agent embedded in Powerbank’s website for structured external engagement and analytics reporting.
• IntelliScope – a bespoke internal multi‑agent business intelligence framework supporting renewable‑energy project site selection, grant eligibility analysis, regulatory assessment, and sector sentiment.
• Development Timeline: ~3 months of proof‑of‑concept development during a closed beta before contract execution.
• Implementation Scope (Phase 1): Build and deployment of minimum viable products (MVPs) and initial production rollout for both platforms.
• Subscription Option: Initial implementation and subscription services with the right to extend into a multiyear subscription, subject to mutual agreement.
• Payment Structure: Powerbank will settle via issuance of 121,723 common shares at a deemed price of $2.29 per share (subject to stock‑exchange approval).
• Director Disclosure: Paul Sparkes is a common director of both companies but did not participate in negotiation or approval of the transaction.

Notable Quotes

• “This marks a meaningful step forward for the company as we continue to execute on one of our core business pillars.” – Jason Dussault, CEO, Intellistake Technologies Corp.
• “The closed beta demonstrated how these systems can support clearer and more informed decision making across our business.” – Dr. Richard Lu, CEO, Powerbank Corp.