ConnectM Acquires Amperics, Expanding Keen Labs' Portfolio and Advancing the Future of Virtual Power Plants & Energy-Intelligent AI Data Centers

MARLBOROUGH, Mass., Nov. 03, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (OTC:CNTM) ("ConnectM" or the "Company"), a high-growth technology company powering the modern energy economy, today announced the acquisition of Amperics, a developer of next-generation hybrid battery-supercapacitor technology.

The acquisition marks a major milestone in ConnectM's evolution from an electrification services provider to an energy-asset owner and operator of Virtual Power Plants (VPPs) that integrate seamlessly with commercial facilities and data centers.

As part of the transaction, Amperics will become a new product line under Keen Labs (www.keenlabs.ai), ConnectM's AI and technology subsidiary. The addition expands Keen Labs' growing portfolio of connected-energy platforms, which already includes AI-powered HVAC, Industrial Internet of Things modules and smart mobility software, last-mile logistics software, and distributed-energy management solutions.

Amperics' proprietary TiO₂-based hybrid battery platform delivers a unique combination of high power, long cycle life, and enhanced safety — ideal for high-frequency use cases such as grid stabilization, data-center energy buffering, and electric-fleet charging.

By combining the instantaneous response of supercapacitors with the energy density of lithium-ion cells, Amperics' technology enables batteries that last decades, charge in minutes, and operate safely in extreme environments.

Empowering the Grid and the Cloud

With this acquisition, ConnectM strengthens its position as a leader in distributed energy resources (DERs) and VPP operations. The Company plans to integrate Amperics' technology into residential, commercial, and fleet applications through its Energy Intelligence Network (EIN) platform, creating a unified network of energy assets that generate recurring revenue through grid-service participation.

Within Keen Labs, Amperics will accelerate the development of the Company's AI-driven Energy Intelligence and VPP software, enabling real-time control, dispatch, and monetization of distributed storage assets — from homes and fleets to next-generation AI and hyperscale data centers.

The hybrid battery's ability to absorb and release massive power spikes instantaneously makes it ideal for managing computing surges, balancing renewable inputs, and improving uptime and efficiency at data-center campuses.

"The acquisition of Amperics represents a strategic leap forward for ConnectM," said Bhaskar Panigrahi, CEO and Chairman of ConnectM. "We are now not only electrifying homes and fleets, but also powering the infrastructure that runs the world's data and AI workloads. Through Keen Labs, Amperics' technology becomes the backbone of our next-generation VPP and energy-intelligence stack — turning every distributed battery, whether in a home, truck depot, or data center, into a dynamic, revenue-generating asset that supports a more resilient, intelligent grid."

A New Model for Energy Ownership

By uniting Amperics' advanced energy-storage IP with Keen Lab's energy intelligence software and ConnectM's service provider ecosystem, the Company can deploy high-performance batteries rapidly and monetize them through energy-as-a-service offerings.

This model transforms traditional one-time equipment sales into recurring income streams, effectively creating distributed "digital power plants" that respond to real-time grid or data-center demand.

Amperics' technology also aligns with ConnectM's mission to decarbonize infrastructure while enhancing reliability. The TiO₂-based design eliminates rare or toxic metals and enables scalable, low-cost manufacturing using existing roll-to-roll processes — advancing ConnectM's goal of sustainable, domestically manufacturable clean-energy technology.

About ConnectM Technology Solutions, Inc.

ConnectM is a constellation of technology-driven businesses powering the modern energy economy. Through its Owned Service Network, Managed Solutions, Logistics, and Transportation segments, the Company delivers AI-powered electrification, distributed energy, last-mile delivery, and industrial IoT solutions to customers worldwide.

For more information, visit www.connectm.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," "project" or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the "Cautionary Note Regarding Forward-Looking Statements" section of our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q that we file with the Securities and Exchange Commission. Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Investor Relations

ConnectM Technology Solutions, Inc.

+1 617-395-1333

[email protected]

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