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HPS Opens 12th Distribution Center, Enhancing Delivery Capabilities for Customers Across North America

November 19, 2024

HPS Opens 12th Distribution Center, Enhancing Delivery Capabilities for Customers Across North America

HPS announces opening of their new warehouse near Dallas Fort Worth

Hammond Power Solutions (HPS) has announced the opening of their new warehouse near Dallas Fort Worth. This facility is set to significantly enhance our logistics and delivery capabilities, providing numerous benefits to their customers throughout the United States and Canada.

“The decision to establish this warehouse was driven by its proximity to the US/Mexico border and its position as a major freight hub” stated David Kinsella, Chief Commercial Officer. “With this new location, we can ensure that 90% of our US customers receive their orders within 24-48 hours”.

Customers will have access to a full range of stocked products sold in the US and Canada and can conveniently pick-up their orders directly from the warehouse, saving time and shipping costs. The warehouse will offer same-day shipping including Air, Ground (LTL, FTL), and expedited shipping options, allowing customers to receive their products when they need them most.

With the addition of this facility, they now operate a total of 12 warehouses across North America. This expansion reflects their commitment to providing exceptional service and timely delivery to their customers, ensuring they can rely on them for their needs.

HPS Opens 12th Distribution Center, Enhancing Delivery Capabilities for Customers Across North America

ABOUT HAMMOND POWER SOLUTIONS INC.

Hammond Power Solutions Inc. (“HPS” or the “Company”) enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. HPS’ 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 (U.S.), 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.

Hammond Power Solutions – Energizing Our World

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Hammond Power Solutions Closes $65.5 Million Bought Deal Secondary Offering

Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A) announced on September 27, 2024 that Chair of Board, Mr. William G. Hammond, through a company he controls, closed the sale of 500,000 Class A Subordinate Voting Shares at a price of $131.00 (the “Offering”) for gross proceeds of approximately $65.5 million. Mr. Hammond intends to use the proceeds for diversification, estate planning and charitable giving purposes.

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