HYPERCHARGE NETWORKS CORP - HCNWF STOCK NEWS

Hypercharge Networks Corp. (TSXV: HC) (OTC: HCNWF) has signed a Master Pipeline Agreement with Dawson & Sawyer Developments , effective September 10, 2024. The agreement makes Hypercharge the exclusive EV charging provider for two Dawson + Sawyer developments in Surrey, BC: Fleetwood Village and Guildford the Greatest.

Key points:

• Initial delivery of 14 Level 2 EV charging stations to Fleetwood Village's Building 1 in October 2024
• Progressive delivery of chargers for Buildings 2-7 through 2026
• Guildford the Greatest to receive Level 2 charging stations through 2027

The company also clarified its warrant repricing terms: if the closing price of Hypercharge's common shares on the TSX Venture Exchange exceeds $0.15 for ten consecutive trading days, the warrant expiration date will be reduced to 30 days.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) has secured an additional order of 58 DC fast charging ports from a Western Canadian energy infrastructure provider. This order, valued at an estimated $3M-$4M, is for the provider's operational fleet. The delivery is set to begin in Winter 2024, with revenue recognition upon delivery. This order builds upon previous agreements, including 18 fleet DC fast charging ports announced on August 1, 2024, and up to 12 public DC fast charging locations across Western Canada. Hypercharge's CEO, David Bibby, highlighted the growing demand for their reliable, large-scale charging solutions tailored to fleet needs.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) has announced plans to install six Level 2 charging stations and one DC fast charger at Capilano Volkswagen in North Vancouver, BC. The installation is scheduled for completion in September 2024. Hypercharge will replace existing non-operational charging stations, ensuring uninterrupted EV sales for the dealership.

Justin Izatt, Fixed Operations Manager at Capilano Volkswagen, praised Hypercharge's service and proactive approach. Chris Koch, Head of Growth & Partnerships at Hypercharge, emphasized the company's commitment to supporting dealerships with reliable charging solutions.

Additionally, Hypercharge announced its intention to re-price 2,380,947 existing share purchase warrants from $1.35 to $0.12, subject to TSX Venture and warrant holder approval. A forced exercise clause will be added to the warrant terms.

Hypercharge Networks Corp (TSXV: HC) (OTCQB: HCNWF) reported unaudited financial results for Q2 2024. Key highlights include:

- Sales backlog increased 270% YoY to $7.7 million

- First-ever positive cash flow quarter from operating activities, a $1.2 million YoY improvement

- Revenue increased 79% YoY to $0.9 million

- Signed sales orders for charging ports increased 167%

- Delivered charging ports increased 35%

The company expanded partnerships, including a master product agreement with Mattamy Homes. Operating expenses decreased 23% YoY. Gross margin decreased to 26% from 46% due to product mix changes. Net loss for Q2 2024 was $1.61 million, compared to $2.19 million in Q2 2023.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) has announced it will provide Level 2 EV charging stations to SEAandSKY, a new community in Squamish, BC, developed by Bosa Properties. The delivery is scheduled for the end of August 2024. The project includes:

• 18 Level 2 EV charging stations for rental residential buildings
• 4 Level 2 EV charging stations for commercial units, supporting public and Modo Carsharing Co-op use

SEAandSKY is a 53-acre master-planned community with 1,144 strata homes, 295 rental homes, and commercial units. This marks the third new build project between Hypercharge and Bosa Properties, supporting their vision of building sustainable communities.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) has signed an agreement with Qualex-Landmark Living Inc. to install 20 Level 2 charging stations at Seasons, a new rental community in Coquitlam, British Columbia. The installation is set to be completed in Summer 2024.

Seasons, developed by Qualex-Landmark, consists of 116 rental homes in West Coquitlam. This partnership demonstrates Qualex-Landmark's commitment to sustainable transportation options in their projects. Chris Koch, Head of Growth & Partnerships at Hypercharge, highlighted the company's ability to supply EV charging stations prior to occupancy as a key differentiator.

Jordan Beach, Vice President of Marketing at Qualex-Landmark, emphasized that this collaboration reflects their dedication to innovation and sustainability, enhancing convenience for residents while promoting a greener future.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) has secured an order to supply 18 DC fast charging ports to a Western Canadian energy infrastructure provider for their operational fleet. This expands on a previous partnership announced in December 2023, which included an order for up to 12 public DC fast charging locations in Western Canada. Delivery is expected to begin in Fall 2024, with revenue recognition upon delivery.

Hypercharge's President and CEO, David Bibby, emphasized the company's ability to deliver comprehensive charging solutions that optimize fleet performance and support the transition to fully electrified fleet vehicles. This order demonstrates Hypercharge's growing presence in the EV charging infrastructure market, particularly in the fleet sector.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) has signed a master product agreement with Mattamy Homes to supply EV charging stations to multifamily developments in the Greater Toronto Area. Mattamy has placed an initial order for 323 Level 2 EV charging stations, with deliveries scheduled to begin in Summer 2024 and continue over a two-year period.

Mattamy Homes, North America's largest privately owned homebuilder, will integrate Hypercharge's solutions into new developments. The partnership aims to provide seamless EV charging solutions for homeowners, aligning with both companies' commitment to sustainability. Hypercharge will also provide educational materials in Mattamy Design Studios across the Greater Toronto Area to help future homeowners integrate EV charging solutions into their homes.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) has delivered 200 out of 778 charging stations for PCI Developments' King George Hub in Surrey, BC. The company began phased delivery in Spring 2024 and expects to complete the project by November 2024. This landmark mixed-use development will feature over 760,000 square feet of office and retail space, along with 1.2 million square feet of residential space.

Hypercharge was selected in March 2023 to provide 748 Level 2 charging stations, one for every residential parking space. In July 2023, they were chosen to supply an additional 29 Level 2 stations and 1 dual-port DC Fast charger for commercial tenant visitors. The project is being completed in collaboration with Mott Electric, a Hypercharge Preferred Partner managing installation and infrastructure requirements.