Hybrid Power Solutions Inc. (CSE:HPSS) (OTCQB:HPSIF) Stock Rockets 40%: What’s the Buzz?

Investors are likely to look into the Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) (FSE: E092) stock very closely this morning after the 40% upward movement on Monday following a major new development.

Hybrid Power Solutions Secures Government Test Order for Innovative Battery Power Systems & Amends Outstanding Secured Convertible Debentures

Yesterday the company announced that it had bagged a test order for two units of its BPEs (Batt Pack Energy) from a major United States government agency involved in emergency response.

The order had been bagged by way of one of Hybrid Power Solutions’ strategic distribution partners. The development was another indication of the company’s growing relationships with some of the key players in the United States government.

Batt Pack Energy had been developed by Hybrid Power Solutions to deliver power sustainably and efficiently. The product provides portable and clean energy solutions, which could be suitable for a large number of applications.

The test order won by Hybrid Power Solutions could also be seen as a demonstration of a gradual shift towards battery-backed and greener power solutions from the United States government agencies involved in critical operations. Such agencies often need fast deployment of power.

The Chief Executive Officer of Hybrid Power Solutions, Francois Byrne, noted that everyone at the company was excited at having gotten the initial test order from the government agency.

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