Helio Corporation has entered into an agreement with Compañía Minera Poderosa S.A. to develop and deploy a pilot demonstration of its Space Based Solar Power technology at a gold mining operation in the La Libertad region of Peru. The partnership aims to generate critical performance, permitting, and economic data to advance the commercialization of Helio's space-based energy infrastructure. This initiative represents the company's second planned pilot deployment, creating a distinct industrial validation environment alongside its existing residential project.

Compañía Minera Poderosa S.A. is among Peru's leading gold mining companies, producing approximately 302,000 ounces of gold in 2022. The company employs more than 4,000 people, generates more than $1 billion in annual revenue, and maintains a market capitalization of approximately $3 billion. Poderosa trades on the Bolsa de Valores de Lima under the symbol PODERC1 and has established deep regional relationships through initiatives such as Asociación Pataz and Rurana, a social innovation center.

Helio believes Poderosa's established regional presence and infrastructure experience may facilitate a more efficient regulatory process. The collaboration is expected to accelerate certain development milestones by approximately nine months through streamlined permitting. This timeline could provide a pathway toward initial large-scale commercial deployment within approximately two years, subject to successful testing, regulatory approvals, financing, and the achievement of required milestones.

The planned deployment will evaluate Helio's technology in a demanding operating environment where reliable power is critical to industrial operations and surrounding communities. Helio and Poderosa will collaborate on site selection, engineering studies, prototype testing, and performance validation. The program is designed to assess system performance, wireless power transmission, operational economics, and long-term deployment potential across terrestrial, atmospheric, and orbital environments.

Edward Cabrera, Chief Executive Officer of Helio Corporation, emphasized the strategic value of the partnership. "Poderosa brings substantial energy demand, strong regional relationships, and a proven ability to execute major projects," said Cabrera. "What excites us most is that we are building a future customer base alongside development. If we execute successfully, every validation milestone has the potential to strengthen the economics, scalability, and long-term commercial opportunity for our platform."

Key Details of the Partnership

The Peru initiative complements Helio's first pilot with Elysium, a 4,000-home master-planned community in South Florida. Together, these projects establish two distinct validation environments—one residential and one industrial—allowing Helio to generate operational data across multiple real-world use cases. The company believes the Poderosa project could serve as a model for future applications across remote industrial operations and energy-constrained regions worldwide.

Helio Corporation has authorized a share repurchase program for up to 250,000 shares of its common stock, signaling the Board's confidence in the company's long-term growth strategy and underlying business value. The initiative is designed to provide additional flexibility to manage the company's capital structure while supporting strategic initiatives. The program may also help mitigate periods of market volatility and contribute to a more orderly trading environment, though the company does not intend to influence the market price of its securities directly.

Ed Cabrera, Chairman and Chief Executive Officer of Helio Corporation, emphasized that the move underscores the Board's confidence in Helio's long-term prospects. He stated that the company remains committed to disciplined capital allocation and creating sustainable long-term value for shareholders as it advances its strategic objectives, including strengthening its capital foundation and enhancing market presence.

Repurchase Mechanics

Under the authorization, Helio Corporation may repurchase shares through open market transactions, privately negotiated transactions, accelerated share repurchase programs, or other methods permitted under applicable securities laws. The timing, price, and actual volume of repurchases will be determined by management based on market conditions, trading prices, capital availability, and regulatory requirements.

The authorization does not obligate the company to repurchase any specific number of shares. The Board of Directors or management retains the discretion to modify, suspend, or terminate the program at any time, subject to applicable laws, regulations, and market conditions.

Strategic Context

Helio Corporation develops advanced space power and engineering solutions, focusing on space-based power systems that capture solar energy beyond Earth's atmosphere. The company serves various clients, including NASA, private companies, universities, and global space agencies. This share repurchase program comes during a pivotal phase of growth as the company seeks to execute on opportunities in the space infrastructure sector.