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Hybrid Power Solutions, Inc. ( (TSE:HPSS) ) has issued an update.
Hybrid Power Solutions Inc. has secured a total of $120,000 in grants from Ontario’s Critical Industrial Technologies initiative to advance development of its HPS Air portable power platform. The funding combines a $20,000 Talent Development Internship grant to expand technical staff and a $100,000 Development and Commercialization grant, which also provides access to the uWaterloo-RoboHub facilities and Rogers-powered 5G test environment for engineering, prototyping and commercialization work.
The support highlights provincial recognition of Hybrid’s role in clean, fuel-free power innovation and its contribution to Ontario’s broader industrial transformation strategy. By linking the company with advanced robotics and critical technology infrastructure, the program is expected to accelerate HPS Air’s path to market, bolster local talent, and enhance Ontario’s competitiveness in sectors such as mining through improved productivity, safety and sustainability.
More about Hybrid Power Solutions, Inc.
Hybrid Power Solutions Inc. is an Ontario-based clean-energy technology company focused on fuel-free portable power solutions. The firm is developing next-generation platforms such as HPS Air to provide clean, reliable and scalable alternatives for industrial users, with a particular emphasis on sectors like mining and other critical industries seeking to decarbonize operations.
Average Trading Volume: 257,311
Technical Sentiment Signal: Sell
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