PowerBank Awarded $2,950,000 USD Federal Contract with the US Department of Defense and the Department of the Army for Covered Parking Canopy Solar Project

PowerBank Corporation (NASDAQ: PBK) (Cboe CA: PBK) (FSE: 103) ("PowerBank" or the "Company"), a leader in independent energy development and asset ownership in North America, is pleased to announce that it has been awarded a contract (the "Contract") to construct a photovoltaic array, electric vehicle chargers and associated infrastructure for the United States Federal Government (the "Project"). The Contract was awarded to PowerBank Corporation's US subsidiary Abundant Solar Power Inc. and was granted by the United States Department of Defense and the Department of the Army for the Armed Forces Reserve Center Farmingdale in Farmingdale, New York (the "Owner"). The AFRC Farmingdale facility serves the Army Reserve, the Naval Reserve, the Marine Corps Reserve, and the New York National Guard.

The Company responded to a federal solicitation administered by the US Army Corps of Engineers for the Project, which will provide onsite power and electric vehicle charging capabilities to the facility. The Company has received Notice to Proceed under the Contract, and will commence with the engineering, procurement and construction of the Project which will be retained by the Owner.

This is PowerBank's first project for the United States Federal Government, demonstrating the Company's experience in providing code-compliant products and services which meet all Federal Acquisition Regulations. The work is provided under the NAICS (North American Industry Classification) code 236220 for Commercial and Institutional Building Construction. This announcement follows recent state-level contracts awarded to Abundant Solar Power Inc. with the New York Department of Military and Naval Affairs for the construction of several ground-mounted and rooftop solar projects as well as battery energy storage systems.

PowerBank's President and Chief Operating Officer Andrew van Doorn commented, "Being awarded this contract by the US Army Corps of Engineers is a meaningful validation of the standard to which our team builds. Federal procurement is rigorous by design, and meeting those requirements on our first submission reflects the institutional-grade capabilities we have built over decades of delivering complex energy infrastructure. We are proud to be bringing reliable, on-site solar and EV charging to the Farmingdale facility, and we look forward to executing this project with the same discipline our clients have come to expect from PowerBank."

PowerBank's proven expertise, with over 100 MW of completed projects and a development pipeline exceeding 1 GW, underpins the project's execution. Strategic partnerships and institutional-grade development capabilities position PowerBank to deliver reliable, high-impact renewable energy solutions.

PowerBank Corporation | www.powerbankcorp.com