Toronto, Ontario – TheNewswire - June 10, 2025 - Hybrid Power Solutions Inc. (CSE: HPSS), a leading provider of innovative energy solutions announces the signing of a Memorandum of Understanding (“MOU”) with Volthium Energy Inc., a Montreal-based manufacturer of advanced lithium-ion battery systems. This MOU positions Hybrid Power Solutions as the exclusive provider of Volthium’s cutting-edge battery technology for construction projects across Canada, reinforcing both companies’ commitment to sustainable innovation and Canadian economic growth.

Under the terms of the MOU, Hybrid Power Solutions will leverage Volthium’s high-performance batteries in construction projects, benefiting from engineering support provided by Volthium’s Montreal-based team. The partnership combines Hybrid Power Solutions’ expertise in delivering reliable energy solutions with Volthium’s state-of-the-art battery technology, ensuring sustainable and efficient power for construction sites nationwide.

“This collaboration with Volthium Energy marks a significant milestone for Hybrid Power Solutions,” said Francois Byrne, Founder and CEO of Hybrid Power Solutions. “By integrating Volthium’s innovative battery solutions, we are not only enhancing the efficiency and sustainability of our projects but also strengthening Canada’s position as a leader in clean energy technology. We are proud to partner with a Quebec-based company that shares our vision for a greener future.”

The partnership underscores a shared commitment to Canadian industry, with Volthium’s Montreal headquarters serving as a hub for technical expertise and innovation. Together, the companies aim to drive advancements in energy storage applications, delivering reliable and eco-friendly power solutions to the construction sector.

"Through our strategic partnership with Hybrid Power Solutions, Volthium is proud to unite our cutting-edge lithium battery technology with their innovative energy solutions, driving Canada’s renewable energy future with sustainable, locally engineered power." Yanni Samson, CEO of Volthium Energy Inc.

The MOU sets the stage for a definitive agreement, with both companies working collaboratively to finalize terms and accelerate project deployment. This partnership is expected to create new opportunities for growth, innovation, and environmental stewardship in Canada’s construction industry.

About Hybrid Power Solutions Inc.

Hybrid Power Solutions Inc. (CSE: HPSS) is a Canadian company specializing in innovative and sustainable energy solutions for industrial and commercial applications. With a focus on delivering reliable, eco-friendly power, Hybrid Power Solutions is transforming the energy landscape across Canada and beyond.

About Volthium Energy Inc.

Volthium Energy Inc., based in Montreal, Quebec, is a leading manufacturer of high-performance lithium-ion battery systems designed for a wide range of applications. Committed to quality and innovation, Volthium is powering the future of energy storage in Canada.

Volthium website: https://volthium.com/

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

Hybrid Power Solutions
E: invest@hybridps.ca
T: 866-549-2743
www.investhps.com

Investor Relations
Dean Stuart
E: dean@boardmarker.net
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.