Hybrid Power Solutions closes non-brokered private placement

Toronto, Ontario – September 18, 2026 – TheNewswire – Hybrid Power Solutions Inc. (CSE: HPSS) (OTC: HPSIF) (FSE: E092) (“Hybrid” or the “Company”), a Canadian manufacturer of portable and fuel-free power solutions, is pleased to announce the closing of a non-brokered private placement (the “Offering”). The Company issued 12,350,000 units (the “Units”) at a price of CDN$0.05 per Unit for gross proceeds of CDN$617,500 (the “Closing”).

Each Unit consists of one common share in the capital of the Company (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Common Share at an exercise price of CDN$0.06 for a period of 24 months from the closing date of the Offering. The Warrants are subject to an acceleration clause whereby, if, on any 20 consecutive trading days occurring after four months and one day has elapsed following the Closing, the closing sales price of the Common Shares as quoted on the Canadian Securities Exchange (“CSE”) is greater than a weighted average price of CDN$0.15 per Common Share, the Company may accelerate the expiry date of the Warrants by issuing a news release, in which case the Warrants will expire on the 30th day after the date of such news release.

In connection with the Offering, the Company paid aggregate cash finder’s fees of CDN$14,370 to arm’s length finders and issued an aggregate of 287,400 finder warrants (the “Finder Warrants”). Each Finder Warrant entitles the holder thereof to acquire one Common Share at a price of CDN$0.06 for a period of 24 months from the Closing.

All securities issued under the Offering are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws, with such hold period expiring on January 19, 2027.

The net proceeds of the Offering are expected to be used to repay outstanding convertible debenture indebtedness and for general working capital and corporate purposes.

The Offering remains subject to final acceptance of the CSE.

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

Sophic Capital

Sean Peasgood

E: Sean@SophicCapital.com

T: 437-836-8862

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," "intended," "planned," or variations of such words and phrases, or by statements that certain actions, events, or results "will" occur. Forward-looking statements in this release include, without limitation, statements regarding the Mississauga facility, increased production capacity, dedicated production lines, product-family organization, lead times, customer demand, and the Company’s manufacturing footprint. 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. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.

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

Copyright (c) 2026 TheNewswire - All rights reserved.

TheNewsWire

September 18, 2026 - 1:55 PM PDT

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