GLOBAL POWER SOLUTIONS PROVIDES UPDATE ON POTENTIAL REACTIVATION OF PERU HOSPITAL PROJECT

Vancouver, British Columbia, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Global Power Solutions Corp. (TSXV: PWER) (FSE: NJA) (“Global Power” or the “Company”) is pleased to provide an update regarding the potential reactivation of a previously announced hospital development project in Peru involving EsSalud, Peru’s Social Health Insurance authority.

The Company’s predecessor, Minaean SP Construction Corp., previously entered into a Memorandum of Understanding (“MOU”) with EsSalud in connection with the proposed development and construction of a 224-bed hospital in Chiclayo, Lambayeque Province, Peru.

The project did not advance during the period of political and administrative change in Peru, and the previous MOU has since expired.

Representatives of the current EsSalud administration have recently expressed interest in reopening discussions regarding the proposed hospital project and potentially negotiating a new MOU with Global Power.

The Company expects to receive formal correspondence from EsSalud regarding potential next steps. Should discussions progress, a new MOU would be required before the parties could proceed with further project development.

Pete Medved, President and Chief Executive Officer of Global Power Solutions Corp., commented:

“We are encouraged by the renewed interest in this project. The original hospital initiative represented a significant infrastructure opportunity for the Company, and we welcome the opportunity to re-engage with EsSalud and determine whether a new framework can be established to move the project forward.

Our immediate focus will be on confirming the project requirements with EsSalud, reconnecting with our Canadian partners and evaluating an appropriate structure for potential Canadian participation.”


Potential Canadian Consortium and Project Structure

The previous project framework contemplated the formation of a Canadian consortium and potential participation by the Canadian Commercial Corporation (“CCC”), together with potential export-credit financing.

If discussions with EsSalud progress, Global Power intends to re-engage with potential Canadian project partners and explore an appropriate consortium structure for consideration by CCC.

Any participation by CCC, Export Development Canada (“EDC”) or another export credit agency would remain subject to their respective due diligence, review and approval processes. No financing arrangements or CCC participation have been finalized in connection with a renewed project.


Next Steps

Subject to further discussions with EsSalud, the Company anticipates that potential next steps may include:

* receiving formal communication from EsSalud regarding the proposed reactivation of the project;

* reviewing and confirming the current scope and requirements of the proposed hospital;

* negotiating a new MOU with EsSalud;

* re-engaging with potential Canadian consortium partners; and

* evaluating potential project delivery and financing structures, including possible engagement with CCC and applicable export credit agencies.

The Company will provide further updates if and when material developments occur.

There can be no assurance that a new MOU will be executed, that CCC or any export credit agency will participate in the project, that financing will be obtained, or that the proposed hospital project will proceed on its previously contemplated terms or at all.

About Global Power Solutions Corp.

Global Power Solutions Corp. is expanding its business strategy to become a provider of innovative clean energy infrastructure designed to support the rapidly growing power requirements of AI data centres and mission-critical facilities. The Company is focused on developing hydrogen-enabled baseload power solutions that provide reliable, scalable and sustainable energy where traditional grid infrastructure is constrained or unavailable. In addition, Global Power continues its established operations in the manufacture of light gauge steel components and modular building systems for the construction industry.

We seek Safe Harbor.

On behalf of the Board:
Global Power Solutions Corp.

"Peter Medved "
CEO
Tel: 604.684.2181 | Email: info@globalpowercorp.com | https://globalpowercorp.com/

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Disclaimer for Forward-Looking Information
This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws relating to the business and operations of Global Power Solutions Corp. (“Global Power” or the “Company”). Forward-looking statements in this release may include, but are not limited to, statements regarding the development and deployment of the Company’s modular hydrogen power systems, the identification and establishment of potential manufacturing or staging facilities, the integration of licensed and commercially available hydrogen technologies, potential system efficiencies, future commercial applications, and the ability of the Company to obtain any required regulatory approvals. Forward-looking statements are often, but not always, identified by the use of words such as “plans,” “expects,” “is expected,” “scheduled,” “intends,” “anticipates,” “believes,” “contemplates,” “proposes,” “estimates,” or similar expressions, or statements that certain actions, events, or results “may,” “could,” “would,” “might,” or “will” be taken, occur, or be achieved. Forward-looking statements are based on the current expectations, assumptions, and beliefs of management as of the date of this release. Actual results and developments may differ materially from those contemplated by these statements due to a variety of known and unknown risks, uncertainties, and other factors. These risks and uncertainties include, but are not limited to, risks related to the development and commercialization of hydrogen energy technologies, the integration of third-party equipment and technologies, the availability of suitable manufacturing locations and partners, the ability to obtain necessary regulatory approvals, changes in economic or market conditions, supply chain factors, technological development risks, and the ability of the Company to successfully execute its business strategy. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, or results to differ from those anticipated, estimated, or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements contained in this release are made as of the date of this release.