Disseminated on behalf of PowerBank Corporation

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The global buildout of AI infrastructure is rapidly colliding with hard physical constraints: power availability, cooling capacity, land scarcity, and delays in grid interconnection. 

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While hyperscale data center operators continue to absorb near-term demand, the next phase of AI compute will require more radical infrastructure solutions. PowerBank Corporation (NASDAQ: SUUN) is signaling that it intends to be part of that next phase.

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Last week, the company highlighted a real-time satellite tracking dashboard associated with Orbit AI’s Genesis-1 mission – an operational AI-enabled satellite powered by solar energy in low-Earth orbit. 

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At first glance, the announcement may appear peripheral to PowerBank’s core solar and storage business. For long-term investors, however, it is better understood as a strategic proof-of-concept tied to where energy demand is heading, not where it has historically been.

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PowerBank’s existing business remains grounded in fundamentals: distributed solar projects across Canada and the United States, battery energy storage systems (BESS) designed to address intermittency, and a development pipeline exceeding 1 GW of prospective clean-energy assets. These are tangible, financeable projects aligned with long-dated grid decarbonization trends.

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What differentiates the current narrative is how management is framing solar: not merely as a lower-cost replacement for fossil-fuel-powered generation, but as critical infrastructure for compute-intensive systems that may not reside on traditional grids at all.

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The Genesis-1 dashboard provides continuous visibility into orbital position, system status, and operational uptime. This matters because it transforms space-based compute from a conceptual idea into an observable operating system. 

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Historically, in-orbit performance has been opaque, capital-intensive, and dominated by government programs. Public, real-time telemetry lowers that barrier and introduces accountability.

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To be sure, AI demand is accelerating faster than grid infrastructure can respond. In major U.S. markets, data center interconnection queues stretch for years, while utilities struggle with generation and transmission bottlenecks. Cooling requirements and land acquisition further compound the issue.

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Operating compute workloads in orbit, however, (powered directly by solar arrays and unconstrained by terrestrial cooling or land limitations) presents an alternative architecture. While still early, the economics improve as AI workloads become more distributed, latency-tolerant, and energy-intensive.

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PowerBank’s collaboration with Orbit AI places it in close proximity to this potential shift. The strategic logic is straightforward:

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• Solar energy is uniquely suited for space-based systems
  
  
• AI workloads increasingly reward uninterrupted power availability
  
  
• Energy infrastructure providers that can operate across domains gain asymmetric optionality
  
  

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Of course, this initiative does not replace PowerBank’s ground-based business. It extends it, adding a layer of long-duration upside without abandoning near-term revenue opportunities.

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Yet one more reason I remain bullish on PowerBank Corporation.

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**PowerBank has a Collaboration Framework Agreement with Orbit AI pursuant to which it intends to provide services to Orbit AI related to solar energy and thermal control contributions for future satellite launches. At this time PowerBank elected not to make an investment in Orbit AI and the terms of any remuneration for services PowerBank may provide Orbit AI have not yet been determined.

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Disclaimer

PowerBank does not have any ownership interest in Orbit AI. Its collaboration is presently limited to contributing solar power and adaptive thermal technologies for future satellite’s “execution layer”. Orbit AI and PowerBank have not negotiated any revenue share or fees from such services at this time. PowerBank has been granted an opportunity to invest in Orbit AI; however, no such investments have been concluded as of the date of this report.

This report contains forward-looking statements and forward-looking information ‎within the meaning of Canadian securities legislation (collectively, "forward-looking ‎statements") that relate to the Company's current expectations and views of future events. ‎Any statements that express, or involve discussions as to, expectations, beliefs, plans, ‎objectives, assumptions or future events or performance (often, but not always, through the ‎use of words or phrases such as "will likely result", "are expected to", "expects", "will ‎continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", ‎‎"projection", "strategy", "objective" and "outlook") are not historical facts and may be ‎forward-looking statements and may involve estimates, assumptions and uncertainties ‎which could cause actual results or outcomes to differ materially from those expressed in ‎such forward-looking statements. In particular and without limitation, this report ‎contains forward-looking statements pertaining to the Company’s expectations regarding industry trends and overall market growth; the details of the collaboration with Orbit AI and its expected benefits; the Company’s contributions towards the collaboration with Orbit AI; the timelines for Orbit AI’s operations the Company’s growth strategies,  and the size of the Company’s development pipeline. No assurance ‎can be given that these expectations will prove to be correct and such forward-looking ‎statements included in this report should not be unduly relied upon. These ‎statements speak only as of the date of this report.‎

Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this report, the Company has made various material assumptions, including but not limited to: the Company is able to raise sufficient financing to complete the announced investment into Orbit AI; obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company’s ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company’s ability to attract and retain skilled staff; market competition; the products and services offered by the Company’s competitors; that the Company’s current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.

Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under "Forward-‎Looking Statements" and "Risk ‎Factors" in the Company’s most recently completed Annual Information Form, and other public filings of the Company, which include: the Company fails to raise sufficient financing to complete the announced investment into Orbit AI; Orbit AI is unable to raise sufficient financing to complete its launch of satellites on the timelines proposed or at all; technical risks associated with Orbit AI’s planned operations; the Company may be adversely affected by volatile solar power market and industry conditions; the execution of the Company’s growth strategy depends upon the continued availability of third-party financing arrangements; the Company’s future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company’s project development and construction activities may not be successful; developing and operating solar Project exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements (“PPAs”) and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company’s effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company’s results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation and tariffs; unexpected warranty expenses that may not be adequately covered by the Company’s insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any global pandemic on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.

The Company undertakes no obligation to update or revise any ‎forward-looking statements, whether as a result of new information, future events or ‎otherwise, except as may be required by law. New factors emerge from time to time, and it ‎is not possible for the Company to predict all of them, or assess the impact of each such ‎factor or the extent to which any factor, or combination of factors, may cause results to ‎differ materially from those contained in any forward-looking statement. Any forward-‎looking statements contained in this report are expressly qualified in their entirety by ‎this cautionary statement.‎

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