Mr. David Feick reports

HAMMOND POWER SOLUTIONS ANNOUNCES LEAD DIRECTOR RETIREMENT

Hammond Power Solutions Inc.'s Grant Robinson has retired from the board of directors of the company, effective March 25, 2025. Mr. Robinson was originally scheduled to retire at the upcoming shareholders meeting of the company on May 8, 2025, but was recently diagnosed with a significant health issue that will require his immediate time and focus.

The board acknowledges and thanks Mr. Robinson for an incredible 18 years of service to the company. His passion, business acumen and warm communication style helped build HPS into the great company it is today.

Fred Jaques will immediately assume the lead director role and HPS expects to be adding two new independent directors to its board at its upcoming shareholder meeting on May 8, 2025.

About Hammond Power Solutions Inc.

Hammond Power Solutions enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. HPS's standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The company has manufacturing plants in Canada, the United States, Mexico and India, and sells its products around the globe. HPS shares are listed on the Toronto Stock Exchange and trade under the symbol HPS.A.

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