Maxim Power Corp. Reports Successful Operations of the CCGT Expansion of M2 with Revenue of $41 million and Net Income of $28 million in 2023

CALGARY, Alberta, March 14, 2024 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the fourth quarter and year ended December 31, 2023. The audited consolidated financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR+ and on MAXIM’s website on March 14, 2024. All figures reported herein are Canadian dollars unless otherwise stated.

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