<div id="readability-page-1"><div>(TheNewswire)<ul><ul></ul></ul>Toronto, Ontario – January 29, 2026 – TheNewswire -Hybrid Power Solutions Inc. (FSE: E092) (&#34;Hybrid&#34; or the &#34;Company&#34;), 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 transitionamid economic challenges in Canada and the US,&#34; said FrancoisByrne, CEO and Founder.&#34;We have more than 20 active demonstrations and pilot programsunderway, proving our fuel-free power solutions in real-world settingslike remote military operations, secure defence facilities, toughconstruction sites, and fleet applications. These ongoing demos andpilots are key to driving future orders, as they showcase provenperformance and pave the way for customer commitments includingupcoming deliveries of innovations including the Solar Tarp.This momentum aligns with the industry shift to hybrid systemsintegrating 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 efficiencywithout reliance on centralized utility infrastructure.Key advancements include:Our Solar Tarp development: a patent-pending, lightweight, flexibleportable solar solution using durable copper indium gallium selenide(CIGS) panels. Selected after rigorous testing for performance inharsh environments, it offers versatile installation options; onfences, ground setups, cranes, or equipment. We evolved from initiallarge-format designs (20x4 ft panels producing 900–1000W) to moremanageable 10x4 ft units (~18 kg each). Unveiled in September 2025 andshowcased at GCXpo, the Solar Tarp demonstrated rapid setup andtakedown with our Spark power system. The Company continues to advanceSolar Tarp manufacturing to ensure Canadian content is maximized.Our IoT platform for fleet management: ongoing development of aproprietary AI-powered platform with embedded IoT technology forunified fleet and remote management. It delivers sophisticated systemoptimization, predictive maintenance, and intelligent energymanagement for both portable and scalable microgrids. Hybrid’sproprietary platform is current in beta phase with select customertrials underway. Through reshoring manufacturing, expanding strategic partnerships, andaccelerating Research and Development including next-generationtechniques for production scalability, quality, and efficiency, we arewell positioned to translate these demonstrations and pilots intodurable growth and enduring shareholder value.&#34;Hybrid will be hosting a webinar in the 3rd week of February to discussthe current financial results and business initiatives underway.Additional details will be disclosed in a future news release.Q2 2025 Business Highlights<ul><li>Received advance purchase order from LMDH Equipment Sales Inc. for 12Spark units and one Terra unit with production commenced in December2025. </li><li>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 SolarTarp at the GCXpo, Canada’s premier next-gen technology demo eventin September 2025. </li><li>Signed agreements with Groovy Energy Ltd., Tire Butler, KiikewRenewables Corp., and Dragonfly Energy Holdings Corp. for thedistribution of Hybrid products. </li><li>Signed Memorandum of Understanding with CarboMat Inc., anAlberta-based company developing carbon-based advanced materials thatinclude proprietary battery anode materials (BAM) technology. </li><li>Additional orders for Batt Pack Energy units for use by United StatesAir Force and Marine Corps. Testing of these units in real worldscenarios continues in 2026. </li><li>Received initial stocking order from Dragonfly Energy Holdings Corp. </li><li>Showcased Hybrid products at the Best Defence conference in London,Ontario, Canada’s premier forum for aerospace, defence and publicsafety sectors. </li><li>Advanced to final testing of Hybrid’s proprietary embedded Internetof Things (IoT) technology and unified fleet management platform. </li></ul>Q2 2025 Financial Highlights<ul><li>Net loss for the period ending November 30, 2025 of $871,826 versus anet loss of $559,914 for the fiscal period ending November 30, 2024. </li><li>Revenue for period ending November 30, 2025 of $279,445 versus revenueof $1,033,133 for the period ending November 30, 2024. </li><li>Expenses for the period ending November 30, 2025 of $723,409 versusexpenses of $768,149 for the period ending November 30, 2024. </li></ul>The Company also announced its intention to complete a non-brokeredLife Offering to raise a minimum of Cdn $1 million and up to Cdn $2million, consisting of a unit offering at $0.06 per unit. Each unitconsists of one common share and one common share purchase warrant atan exercise price of $0.10. The Company closed the financing onJanuary 19, 2026, raising a total of $1,079,925 consisting of theissuance of 17,998,749 units. The Company also announces the issuance of 66,667 RSU’s to anemployee. The RSU grant is subject to CSE approval. About Hybrid Power SolutionsHybrid Power Solutions Inc. is a Canadian clean energy innovatorlisted on the Canadian Securities Exchange under the symbol&#34;HPSS.&#34; The Company specializes in developing portable powersystems that eliminate the need for fossil fuels in off-grid andremote applications. With a focus on environmental responsibility andtechnological innovation, Hybrid Power Solutions is committed toleading the clean energy transition.On Behalf of the Company, Francois Byrne, CEO and DirectorFor further information, inquiries,or media opportunities, please contact:Hybrid Power SolutionsE: invest@hybridps.caT: 866-549-2743www.investhps.com Investor RelationsDean StuartE: dean@boardmarker.netT: 403-617-7609 Forward-Looking StatementsCertain information contained herein constitutes &#34;forward-lookinginformation&#34; under Canadian securities legislation. Generally,forward-looking information can be identified by terminology such as&#34;will,&#34; &#34;expects,&#34; &#34;anticipates,&#34; orvariations of such words and phrases, or by statements that certainactions, events, or results &#34;will&#34; occur. Forward-lookingstatements are based on management’s estimates as of the date suchstatements are made and are subject to risks, uncertainties, and otherfactors that may cause actual results to differ materially from thoseexpressed or implied by such statements. The Canadian Securities Exchangedoes not accept responsibility for the adequacy or accuracy of thisrelease.Copyright (c) 2026 TheNewswire - All rights reserved.</div></div>

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Hybrid Power Solutions Inc. reported its Q2 financial results for the period ending November 30, 2025, showing a net loss of $871,826 and revenue of $279,445. The company continues to advance its clean energy solutions, including the innovative Solar Tarp and an AI-powered IoT platform for fleet management. Hybrid has secured several agreements for product distribution and is in the process of raising up to Cdn $2 million through a non-brokered offering. A webinar discussing the financial results and business initiatives is scheduled for February.

Hybrid Power Solutions Reports Q2 Financial Results