Energy Plug Technologies and SEETEL New Energy Seal Strategic Alliance with Exclusive Canadian Rights and Americas Expansion

Vancouver, British Columbia – July 4, 2025 – Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ), a Canadian player in advanced energy storage, has inked a strategic distribution agreement with SEETEL New Energy Co., Ltd., a prominent Taiwanese provider of energy storage solutions. This partnership grants Energy Plug exclusive rights to market and distribute SEETEL’s cutting-edge energy storage systems across Canada under the co-branded “MBT-SEETEL” label, with immediate plans to target expansion into the United States, Mexico, and the broader Latin American region.

This collaboration is poised to be a game-changer, bringing significant firepower to the North American energy storage landscape. Here’s a breakdown of what makes this deal compelling:

Exclusive Canadian Foothold: Energy Plug will be the sole distributor for SEETEL’s Taiwanese-manufactured energy storage solutions within Canada, securing a vital supply chain for the Canadian market.
Ambitious Americas Rollout: The high-performance systems are earmarked for deployment in critical infrastructure projects spanning the U.S., Mexico, and Latin America, addressing a clear demand for reliable energy.
Dedicated Canadian Capacity: A substantial 1 GWh of annual production capacity has been specifically allocated to meet the growing needs of the Canadian market, signaling a commitment to local demand.
Robust Global Backing: SEETEL’s status as a publicly listed company in Taiwan, supported by robust public capital markets and international institutional investors, lends considerable financial credibility and stability to the venture.
Targeted High-Demand Applications: The energy storage solutions are engineered for demanding environments, catering specifically to the high-uptime and reliability requirements of data centers, defense installations, and grid stability projects.

The partnership leverages Malahat Battery Technologies Corp. (“MBT”), a joint venture where the Malahat First Nation holds a 51% majority stake and Energy Plug holds 49%. This unique structure harmonizes Indigenous leadership with global energy expertise, aiming to deliver sustainable, secure, and scalable energy storage solutions. Headquartered in Malahat, British Columbia, MBT is strategically positioned to become a key contributor to Indigenous economic development and energy self-sufficiency.

SEETEL’s subsidiary, Aurosi Precision, based in Taichung, Taiwan, boasts an impressive 3 GWh annual production capacity for battery modules and cabinets. Under the terms of the agreement, SEETEL has ring-fenced 1 GWh of this capacity exclusively for deployment in Canada. SEETEL’s shareholder roster includes formidable global entities such as ACER and Chailease Holding, a leading independent power producer (IPP) in Taiwan, underscoring SEETEL’s strong financial foundations and institutional support.

About SEETEL New Energy Established in 2017, SEETEL operates as a fully integrated energy technology company. It offers comprehensive, end-to-end services, from the intricate design of battery modules and the turnkey delivery of Engineering, Procurement, and Construction (EPC) projects to long-term operations and maintenance (O&M) and grid participation. Its proprietary GridLink EMS platform is a powerhouse of real-time analytics, facilitating strategic dispatch and load balancing, while also enabling seamless access to ancillary grid services like frequency regulation.

SEETEL’s technological integration extends to key industry partners, including Schneider Electric, where its systems are seamlessly incorporated with the EcoStruxure™ platform, Modicon controllers, PowerLogic meters, and advanced SCADA systems. Globally recognized manufacturers and utility-scale integrators rely on SEETEL’s energy storage systems for critical applications ranging from national defense infrastructure and hyperscale data centers to municipal utility grids.

Strategic Market Focus and Expansion Pathways This strategic alliance is laser-focused on high-security and high-uptime market segments, including the rapidly growing data center sector, national defense facilities, and critical utility grid networks. Energy Plug and SEETEL are currently engaged in advanced discussions with key government and utility stakeholders across Canada, with particular focus on British Columbia and Ontario. Furthermore, the companies are actively exploring options for establishing Canadian-based module manufacturing capabilities, a move that would significantly bolster supply chain resilience and local economic impact.

“SEETEL’s recognized leadership in integrated, cyber-secure energy storage, further bolstered by strategic alliances with industry titans like Schneider Electric, MOXA, and Hitachi Energy, positions this partnership as a pivotal enabler of Canadian energy sovereignty. This is about delivering resilient, locally supported solutions that will empower our data centers, defense infrastructure, and utility grids,” stated Paul Dickson, CEO of Energy Plug.

About Energy Plug Technologies Corp. Energy Plug Technologies Corp. stands as a Canadian frontrunner in advanced energy storage solutions, serving the residential, commercial, and utility-scale markets. The company is distinguished by its strong emphasis on cybersecurity, grid resilience, and fostering Indigenous economic development. Further details are available at www.energyplug.com.

This press release contains forward-looking statements as defined under applicable securities laws. These statements are projections and are not guarantees of future performance. Various risks and uncertainties could cause actual results to differ materially from those projected. The Canadian Securities Exchange and its Market Regulator do not assume responsibility for the accuracy or completeness of this release.

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