A Rural Utility Just Put Truck-Delivered Batteries Into Service

BOCA RATON, Fla., Aug. 11, 2026 (GLOBE NEWSWIRE) -- American News Group News Commentary - The bottleneck in American electricity is no longer generation alone. It is the queue. Interconnection backlogs stretch for years, transmission upgrades take longer still, and the demand curve from AI data centers is arriving on a schedule that has nothing to do with utility planning cycles. That mismatch has created an unusual opening for anyone who can deliver meaningful power to a specific location without waiting for the grid to catch up. NOMAD Power Solutions, Inc. (Nasdaq: NMAD) is pursuing that opening with a deceptively simple proposition: utility-grade battery storage that shows up on a truck.

Before anything else, investors looking at this ticker need to understand the Company's recent transformation and corporate history. NMAD, formerly LIXTE Biotechnology Holdings, Inc., historically focused on the development of innovative cancer therapies and medical technologies. Following the acquisition of NOMAD Transportable Power Systems, the Company rebranded as NOMAD Power Solutions, Inc. and expanded its operations and strategic focus into the energy infrastructure sector.