This website (“Website”) is an overview of Hybrid Power Solutions (the “Company”) and is for information purposes only and should not be relied on for the purposes of making an investment decision. This Website does not, and it is not intended to, provide any financial, legal, accounting, or tax advice, and must not be relied upon by you in that regard. The Website should not be used, or relied upon by you, as a substitute for your independent research or consultation with your own financial, legal or tax advisors. There are significant risks associated with an investment in the Company.
The information contained in this website has been provided by the Company or obtained from publicly available sources or third-party sources and has not been independently verified. While the Company has not verified third party information, nevertheless, it believes that it obtained the information from reliable sources and has no reason to believe it is not accurate in all material respects. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or any opinions contained herein and nothing in this Website is, or shall be relied upon as, a promise or representation by the Company. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company’s financial or trading position or prospects. The information and any opinions presented herein are provided as at the date of this page based on general information gathered at the time of writing and are subject to change without notice. None of the Company nor any of its affiliates, directors, officers, employees, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of these materials or its contents or otherwise arising in connection with this Website. This Website and any related oral presentations do not constitute an offer or invitation to subscribe for, purchase or otherwise acquire any securities or other debt instruments of the Company and nothing contained herein, or its Website shall form the basis of any contract or commitment whatsoever, nor does it constitute a recommendation regarding the securities of the Company.
All dollar amounts stated in this Website are expressed in Canadian currency, except where otherwise indicated.
This Website is confidential and is being provided to you solely for your information and may not be reproduced, in whole or in part, in any form or forwarded or further distributed to any other person. Any forwarding, distribution or reproduction of this document in whole or in part is unauthorized. By accepting and reviewing this website, you acknowledge and agree (i) to maintain the confidentiality of this document and the information contained herein, (ii) to protect such information in the same manner you protect your own confidential information, which shall be at least a reasonable standard of care and (iii) to not utilize any of the information contained herein except to assist with your evaluation of the Company.
This Website is for illustrative purposes only. Past performance is not indicative of future results. Investments may be speculative, illiquid and there is a risk of principal loss. There is no guarantee that any specific outcome will be achieved.
The securities of the Company have not been approved or disapproved by any securities commission, exchange or similar regulatory authority in Canada, the United States or elsewhere, nor have any of the foregoing authorities reviewed or in any way passed upon the merits, accuracy or adequacy of this Website. Any representation to the contrary is an offence.
Last updated: February 20, 2023
Forward Looking Statements
Certain statements contained in this website may constitute “forward-looking statements”. Forward-looking statements can be identified by terminology such as “will”, “may”, “would”, “could”, “should”, “likely”, “expect”, “expected” “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “targeted”, “possible”, “continue”, or other similar expression. All statements, other than statements of historical fact, in this website that address activities, events or developments that the Company or a third party expects or anticipates will or may occur in the future, including but not limited to, statements regarding public listing; exceeding last year’s sales growth; increased production capacity in 2023; company growth; the growth and anticipated demand of the global battery energy storage system market and solar industry; target customers; increasing per customer revenue through solar installation; the introduction of recurring revenue services; anticipated number of first year installations per HPS solar installer; launching solar installers franchises in the U.S in 2023 and the number thereof; anticipated number of franchisees in Canada and US by end of 2025; key quarterly 2023 milestones including launching new Batt Pack series to the public, entering retail sales space, launching new power protect subscriptions, launching satellite monitoring subscriptions, launching 3PL delivery in the USA, completing a new Ontario manufacturing facility, IPO, establishing a complete North American distribution network, starting distribution in EU, and opening DC & training facilities in the US are forward-looking statements.
Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this website include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company completing its new manufacturing facility; sufficient manufacturing capacity being available to produce the number of contemplated products and deliver on new sales initiatives and partnerships; current and future global supply chain issues not having a material adverse effect on the production, manufacturing and delivery of the Company’s products; geopolitical risks not interfering with the production and delivery of the Company’s products; the Company’s ability to secure additional financing on reasonable terms, as required; the competitive conditions of the industries in which the Company operates not increasing significantly; a continued demand for clean energy, solar power, battery energy storage systems and the Company’s products; a continued working relationship between the Company and key partners; and no changes to the laws applicable to the Company which would have an adverse material effect on the Company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to produce or secure sufficient manufacturing capability to produce the Company’s products as requested by customers; risks that current and any future global supply chain issues will delay the production of the Company’s products; risks that the Company will not be able to secure required financing on reasonable terms or at all; geopolitical risks and other business risks associated with the jurisdictions the Company operates in; risks with respect to the implementation of laws and regulations that may impose restrictions on the Company’s product offerings. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
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