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An announcement from Hybrid Power Solutions, Inc. ( (TSE:HPSS) ) is now available.
Hybrid Power Solutions Inc. has successfully closed a non-brokered private placement offering of secured convertible debentures, raising Cdn $500,000. The funds will be used to support production for an existing order and relocate Terra manufacturing to North America, enhancing supply chain efficiency and quality control. Additionally, the company plans to advance connected technology features, adopt advanced production processes, expand its presence at industry events, and hire additional sales representatives. This strategic move aims to bolster Hybrid’s market positioning and operational efficiency in the clean energy sector.
More about Hybrid Power Solutions, Inc.
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, focusing on environmental responsibility and technological innovation to lead the clean energy transition.
Average Trading Volume: 280,413
Technical Sentiment Signal: Sell
See more insights into HPSS stock on TipRanks’ Stock Analysis page.