(TheNewswire)

Toronto, Ontario - October 22, 2025 – TheNewswire - Hybrid Power Solutions Inc. (" Hybrid " or the “ Company ”) (CSE: HPSS) (FSE: E092) is pleased to announce its intention to complete a non-brokered private placement (the " Offering ") of between a minimum of 16,666,667 and up to 33,333,333 units (the " Units ") at a price of CDN$0.06 per Unit for gross proceeds of a minimum of approximately CDN$1,000,000 and up to approximately CDN$2,000,000.00.

Each Unit will consist of one Common share in the capital of the Company (a “ Share ”) and one whole common share purchase warrant (a “ Warrant ”). Each whole Warrant will be exercisable to acquire one Share at an exercise price of CDN$0.10 per Share for a period of 24 months from the date of issuance, subject to the following acceleration right. If, at any time after the date of issuance of the Warrant, the closing price of the Company’s common shares on the Canadian Securities Exchange (or such other stock exchange on which the Common shares may be traded from time to time) is at or above CDN$0.20 per Share for a period of 20 consecutive trading days (the “ Triggering Event ”), in which event the Company may, within 5 days of the Triggering Event, accelerate the expiry date of the Warrants by giving notice thereof to the holders of the Warrants, by way of news release, and in such case the Warrants will expire on the first day that is 30 calendar days after the date on which such notice is given by the Company announcing the Triggering Event.

Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the private placement would constitute a "related party transaction" as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed 25% of the Company's market capitalization.

Hybrid will use the net proceeds of the Offering for Company Operations, product and Company research and development, sales growth initiatives, marketing and general corporate purposes and administrative expenses.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (“ NI 45-106 ”), the Units will be offered for sale to purchasers resident in the provinces and territories of Canda except for Quebec, in the United States and offshore jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “ Listed Issuer Financing Exemption ”). The Shares and the Warrants underlying the Units, and the Shares underlying the Warrants, if exercised, are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. All securities issued pursuant to the Listed Issuer Financing Exemption will not be subject to a hold period in Canada in accordance with applicable Canadian securities law.

If you are interested in participating in this Offering, please Subscribe Now .

There is an offering document (“ Offering Document ”) related to the Offering that can be accessed under the Company’s SEDAR+ profile at www.sedarplus.ca and at investhps.com . Prospective investors should read this Offering document before making an investment decision.

The Company may pay finder’s fees on a portion of the Offering, subject to applicable securities legislation and CSE polices.

Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange (the “ CSE ”).

The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons, absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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: invest@hybridps.ca

T: 866-549-2743

www.investhps.com

Investor Relations

Dean Stuart

E: dean@boardmarker.net

T: 403-617-7609

Cautionary Statement Regarding Forward-Looking Information

Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion of the Offering, approval of the CSE and the filing of the Offering Document, the use of proceeds of the Offering and any statements regarding the Company’s business plans, expectations and objectives. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent management’s discussion and analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedarplus.ca under the Company’s profile and on the Company’s website, https://hybridps.ca/. The forward-looking information set forth herein reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Not for distribution to United States news wire services or for dissemination in the United States.

Copyright (c) 2025 TheNewswire - All rights reserved.