Toronto, Ontario – March 6, 2025 – Hybrid Power Solutions Inc. (CSE: HPSS) (OTC:
HPSIF) (FSE: E092) (“Hybrid” or the “Company”) is pleased to announce it has received up to
CDN $2,250,000 from the Government of Canada, through the Federal Economic Development
Agency for Southern Ontario (FedDev Ontario), to accelerate innovation and expand cleantech
manufacturing capabilities at its Etobicoke, Ontario facility. Hybrid is a leading fuel-free portable
power manufacturing company, focused on connecting businesses and consumers with access
to clean, renewable energy. All Hybrid products are designed, developed and manufactured in
Canada.
The announcement was made by the Honourable Ruby Sahota, Minister of Democratic
Institutions and Minister responsible for FedDev Ontario, who visited the Company’s
headquarters today.
“By investing in southern Ontario companies advancing eco-friendly products and solutions, we
are unlocking new opportunities, driving robust economic growth, and building a more
sustainable future. Today’s investment underscores the Government of Canada’s commitment
to strengthening our economy and shaping a cleaner, more prosperous tomorrow.” Francois
Byrne, Founder and CEO of Hybrid Power Solutions, also commented on the funding, “We are
excited to be part of this initiative that supports the growth of clean technologies and advances
our mission to replace fossil fuel generators with innovative, portable power systems. This
investment will significantly enhance our efforts to scale production and improve our research
and development capabilities.”
Canada’s dedication to advancing manufacturing and cleantech, and how cleantech solutions
can help customers reduce operating costs while minimizing their environmental footprint, is
further strengthened by strategic funding. This financial support accelerates the development
and adoption of innovative cleantech technologies, enabling businesses to scale up production,
enhance efficiency, and broaden their impact across industries, ultimately benefiting both the
economy and the environment.
Portable Power Packs / Stationary Energy Storage
Hybrid’s ‘Batt Packs’—a line of portable power packs—deliver top-tier performance with a
consumer-focused design. These fuel-free, durable units are built for portability, starting at
3,000W, and are suitable for both indoor use (even in confined spaces) and outdoor conditions,
functioning reliably in temperatures as low as -30°C. Charging options include a standard wall
outlet, solar power, or an alternator en route to a work site. Hybrid’s new Spark and Terra are
redefining the construction industry with hybrid 24kVA and 150kVA energy storage systems that
reduce operating costs by up to 70% while improving safety and data monitoring.
Custom Power Solutions
Leveraging our scalable battery technology, we provide tailored, utility-scale solutions including
containerized systems and Energy Storage Systems (ESS). We also offer long-duration and
microgrid custom options, ranging from 300 kWh to 6 MWh, to meet diverse energy needs.
About Hybrid Power Solutions
Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian
Securities Exchange under the symbol “HPSS” The Company specializes in developing
portable power systems that eliminate the need for fossil fuels in off-grid and remote
applications. With a focus on environmental responsibility and technological innovation, Hybrid
Power Solutions is committed to leading the clean energy transition.
About FedDev Ontario
For 15 years, the Government of Canada, through FedDev Ontario, has worked to advance and
diversify the southern Ontario economy through funding opportunities and business services
that support innovation, growth and job creation in Canada’s most populous region. The Agency
has delivered impressive results, which can be seen in southern Ontario businesses that are
creating innovative technologies, improving productivity, growing revenues, creating jobs, and in
the economic advancement of communities across the region. Learn more about the impacts
the Agency is having in southern Ontario by exploring our investment profiles, our Southern
Ontario Spotlight, and FedDev Ontario’s X, Facebook, Instagram and LinkedIn.
For further information, inquiries, or media opportunities, please contact:
Francois Byrne
CEO and Director
invest@hybridps.ca
1 (866) 549-2743
www.investhps.com
Cindy Caturao
Press Secretary
Office of the Minister of Democratic Institutions and Minister responsible for the Federal
Economic Development Agency for Southern Ontario
Cindy.Caturao@feddevontario.gc.ca
Forward-Looking Statements
Certain information contained herein constitutes “forward-looking information” under Canadian
securities legislation. Generally, forward-looking information can be identified by terminology
such as “will,” “expects,” “anticipates,” or variations of such words and phrases, or by
statements that certain actions, events, or results “will” occur. Forward-looking statements are
based on management’s estimates as of the date such statements are made and are subject to
risks, uncertainties, and other factors that may cause actual results to differ materially from
those expressed or implied by such statements.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy
of this release.
