Reliable Batteries Inc. to be acquired by P1 Brand Owner Energy Products Inc., Strengthening Distribution Network

Madison Heights, MI – May 20, 2024 – Energy Products Inc. announced today the acquisition Reliable Batteries Inc., a leading independent battery distributor based out of New Hope, MN. The acquisition marks a significant milestone for both companies. Founded in 2006 by Tim and Jessi Sova, Reliable Batteries has evolved into one of the leading independent battery distributors in the Midwestern United States. Under their leadership, Reliable Batteries has established a strong presence and reputation for high quality products and services. Tim and Jessi Sova will continue to lead Reliable Batteries with Energy Products. Energy Products Inc., has experienced incredible growth in recent years. This acquisition represents their sixth major expansion in recent years and second acquisition in 2024. The addition of Reliable Batteries further enhances Energy Products rapidly growing distribution network. Brett Smith, President of Energy Products, expressed excitement stating, “We are thrilled with the opportunity to add Reliable Batteries to Energy Products. Tim and Jessi have built a wonderful team and a great business. We look forward to them staying onboard to continue their leadership roles. The acquisition of Reliable Batteries aligns perfectly with our strategic vision and will deliver exceptional value for our customers and continued strong results for our partners.” Tim Sova of Reliable Batteries stated, “At Reliable Batteries we have always built the business on a foundation seeking to excel at customer service, offering quality products with competitive pricing, and building long term partnerships. I firmly believe that any long-term relationship must be good for both parties to be sustainable, and this requires communication, trust, and integrity. I am thrilled and excited to be joining Energy Products as I know they share the same values and ideals as we’ve founded our business on. I am looking forward to how this partnership will allow us to serve our customers even better in the future.” For more information about Energy Products and its comprehensive range of battery solutions, please visit www.energyprod.com. Contact: Energy Products, Inc. Phone: (248) 545-7700 Email: info@energyprod.com