Hybrid Power Solutions Reports Q2 Financial Results

(via TheNewswire)

Toronto, Ontario – January 29, 2026 – TheNewswire - Hybrid Power Solutions Inc. (CSE: HPSS) (OTC: HPSIF) (FSE: E092) ("Hybrid" or the "Company"), an emerging leader in the delivery of fuel-free clean power solutions, announces its financial results for the Second Quarter ending November 30, 2025. The Interim Financial Statements, Management Discussion and Analysis and financial certifications have been filed on SEDAR+ and can be viewed on the Company’s investor website at https://investhps.com/.

Hybrid Power Solutions continues to lead the clean energy transition amid economic challenges in Canada and the US," said Francois Byrne, CEO and Founder.

"We have more than 20 active demonstrations and pilot programs underway, proving our fuel-free power solutions in real-world settings like remote military operations, secure defence facilities, tough construction sites, and fleet applications. These ongoing demos and pilots are key to driving future orders, as they showcase proven performance and pave the way for customer commitments including upcoming deliveries of innovations including the Solar Tarp.

This momentum aligns with the industry shift to hybrid systems integrating renewables such as solar and wind in 'behind-the-fence' on-site generation and storage, delivering energy independence, resilience against grid outages, meaningful emissions reductions, and improved operational efficiency without reliance on centralized utility infrastructure.

Key advancements include:

Our Solar Tarp development: a patent-pending, lightweight, flexible portable solar solution using durable copper indium gallium selenide (CIGS) panels. Selected after rigorous testing for performance in harsh environments, it offers versatile installation options; on fences, ground setups, cranes, or equipment. We evolved from initial large-format designs (20x4 ft panels producing 900–1000W) to more manageable 10x4 ft units (~18 kg each). Unveiled in September 2025 and showcased at GCXpo, the Solar Tarp demonstrated rapid setup and takedown with our Spark power system. The Company continues to advance Solar Tarp manufacturing to ensure Canadian content is maximized.

Our IoT platform for fleet management: ongoing development of a proprietary AI-powered platform with embedded IoT technology for unified fleet and remote management. It delivers sophisticated system optimization, predictive maintenance, and intelligent energy management for both portable and scalable microgrids. Hybrid’s proprietary platform is current in beta phase with select customer trials underway.

Through reshoring manufacturing, expanding strategic partnerships, and accelerating Research and Development including next-generation techniques for production scalability, quality, and efficiency, we are well positioned to translate these demonstrations and pilots into durable growth and enduring shareholder value."

Hybrid will be hosting a webinar in the 3rd week of February to discuss the current financial results and business initiatives underway. Additional details will be disclosed in a future news release.

Q2 2025 Business Highlights

• Received advance purchase order from LMDH Equipment Sales Inc. for 12 Spark units and one Terra unit with production commenced in December 2025.  

• Developed and launched innovative Solar Tarp, a custom-designed, modular solar power solution tailored for construction, military, emergency response and remote locations. Hybrid showcased the Solar Tarp at the GCXpo, Canada’s premier next-gen technology demo event in September 2025.  

• Signed agreements with Groovy Energy Ltd., Tire Butler, Kiikew Renewables Corp., and Dragonfly Energy Holdings Corp. for the distribution of Hybrid products.   

• Signed Memorandum of Understanding with CarboMat Inc., an Alberta-based company developing carbon-based advanced materials that include proprietary battery anode materials (BAM) technology.  

• Additional orders for Batt Pack Energy units for use by United States Air Force and Marine Corps. Testing of these units in real world scenarios continues in 2026. 

• Received initial stocking order from Dragonfly Energy Holdings Corp.  

• Showcased Hybrid products at the Best Defence conference in London, Ontario, Canada’s premier forum for aerospace, defence and public safety sectors.  

• Advanced to final testing of Hybrid’s proprietary embedded Internet of Things (IoT) technology and unified fleet management platform. 

Q2 2025 Financial Highlights

• Net loss for the period ending November 30, 2025 of $871,826 versus a net loss of $559,914 for the fiscal period ending November 30, 2024. 

• Revenue for period ending November 30, 2025 of $279,445 versus revenue of $1,033,133 for the period ending November 30, 2024. 

• Expenses for the period ending November 30, 2025 of $723,409 versus expenses of $768,149 for the period ending November 30, 2024. 

The Company also announced its intention to complete a non-brokered Life Offering to raise a minimum of Cdn $1 million and up to Cdn $2 million, consisting of a unit offering at $0.06 per unit. Each unit consists of one common share and one common share purchase warrant at an exercise price of $0.10. The Company closed the financing on January 19, 2026, raising a total of $1,079,925 consisting of the issuance of 17,998,749 units.

The Company also announces the issuance of 66,667 RSU’s to an employee. The RSU grant is subject to CSE approval.  

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.

On Behalf of the Company,

Francois Byrne, CEO and Director

For further information, inquiries, or media opportunities, please contact:

Hybrid Power Solutions E: [email protected] T: 866-549-2743 www.investhps.com

Investor Relations Dean Stuart E: [email protected] T: 403-617-7609

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.

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