Hammond Power Solutions leases Fort Worth plant, invests CAD $50 million to add U.S. transformer capacity

• HPS signed a long-term lease for a new manufacturing facility in Fort Worth, Texas to expand U.S. transformer capacity.
• Production is set to start in stages in Q4 2027, with full production expected in Q1 2028.
• Once fully operational, the site is expected to add about CAD 250 million of manufacturing capacity initially.
• HPS expects to invest about CAD 50 million to equip and commission the initial phase, funded via cash and credit facilities.
• The site could support total annual manufacturing capacity of about CAD 400 million, subject to demand and future investment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HPS - Hammond Power Solutions Inc. published the original content used to generate this news brief on September 22, 2026, and is solely responsible for the information contained therein.