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Hypercharge Announces 58 Additional Fleet DC Fast Charging Ports for Energy Infrastructure Provider in Western Canada

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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) ha assicurato un ulteriore ordine di 58 stazioni di ricarica rapida DC da un fornitore di infrastrutture energetiche della Canada occidentale. Questo ordine, del valore stimato di $3M-$4M, è destinato alla flotta operativa del fornitore. La consegna è prevista per inverno 2024, con riconoscimento dei ricavi al momento della consegna. Questo ordine si aggiunge agli accordi precedenti, tra cui 18 stazioni di ricarica rapida DC per flotte annunciate il 1° agosto 2024 e fino a 12 punti di ricarica pubblici rapidi DC in Canada occidentale. Il CEO di Hypercharge, David Bibby, ha evidenziato la crescente domanda per le loro soluzioni di ricarica affidabili e su larga scala, adattate alle esigenze delle flotte.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) ha asegurado un pedido adicional de 58 puertos de carga rápida DC de un proveedor de infraestructura energética de Canadá Occidental. Este pedido, valorado en un estimado de $3M-$4M, es para la flota operativa del proveedor. La entrega comenzará en invierno de 2024, con reconocimiento de ingresos al momento de la entrega. Este pedido se suma a acuerdos previos, que incluyen 18 puertos de carga rápida DC para flotas anunciados el 1 de agosto de 2024 y hasta 12 ubicaciones de carga rápida DC públicas en Canadá Occidental. El CEO de Hypercharge, David Bibby, destacó la creciente demanda de sus soluciones de carga confiables y a gran escala, adaptadas a las necesidades de las flotas.

하이퍼차지 네트웍스 코포레이션 (TSXV: HC) (OTCQB: HCNWF)은 서부 캐나다 에너지 인프라 제공업체로부터 58개의 DC 고속 충전 포트에 대한 추가 주문을 확보했습니다. 이번 주문은 약 $3M-$4M의 가치가 있으며 제공업체의 운영 플릿을 위해서입니다. 배송은 2024년 겨울에 시작될 예정이며, 배송 시 수익이 인식됩니다. 이 주문은 2024년 8월 1일에 발표된 18개의 DC 고속 충전 포트와 서부 캐나다 전역에 걸쳐 최대 12개의 공용 DC 고속 충전소에 대한 이전 계약을 기반으로 합니다. 하이퍼차지의 CEO인 데이비드 비비는 플릿 요구에 맞춘 신뢰할 수 있는 대규모 충전 솔루션에 대한 수요 증가를 강조했습니다.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) a sécurisé une commande supplémentaire de 58 ports de recharge rapide DC auprès d'un fournisseur d'infrastructures énergétiques de l'Ouest canadien. Cette commande, d'une valeur estimée entre $3M-$4M, est destinée à la flotte opérationnelle du fournisseur. La livraison devrait commencer en hiver 2024, avec reconnaissance des revenus au moment de la livraison. Cette commande s'ajoute aux accords précédents, y compris 18 ports de recharge rapide DC pour flottes annoncés le 1er août 2024 et jusqu'à 12 emplacements de recharge rapide DC publics dans l'Ouest canadien. Le PDG de Hypercharge, David Bibby, a souligné la demande croissante pour leurs solutions de recharge fiables et à grande échelle, adaptées aux besoins des flottes.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) hat eine zusätzliche Bestellung von 58 DC-Schnellladeport von einem Energieinfrastruktur-Anbieter aus Westkanada gesichert. Dieser Auftrag, der auf etwa $3M-$4M geschätzt wird, ist für die Betriebsflotte des Anbieters. Die Lieferung soll im Winter 2024 beginnen, mit Einnahmeerkennung bei Lieferung. Dieser Auftrag baut auf früheren Vereinbarungen auf, einschließlich 18 Schnellladeports für Flotten, die am 1. August 2024 angekündigt wurden, und bis zu 12 öffentlichen DC-Schnelllade-Standorten in Westkanada. Der CEO von Hypercharge, David Bibby, hob die wachsende Nachfrage nach ihren zuverlässigen, großangelegten Ladelösungen hervor, die auf die Bedürfnisse der Flotten zugeschnitten sind.

Positive
  • Secured additional order of 58 DC fast charging ports worth $3M-$4M
  • Expanding partnership with Western Canadian energy infrastructure provider
  • Revenue to be recognized upon delivery of charging stations
  • Demonstrates growing demand and confidence in Hypercharge's solutions
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) (the "Company" or "Hypercharge"), a leading, smart electric vehicle (EV) charging solutions provider and network operator, is pleased to announce an additional order of 58 DC fast charging ports from a Western Canadian energy infrastructure provider for use by their operational fleet, worth an estimated $3M-$4M, with cost and gross margins anticipated to be in line within the Company's typical profit range. Delivery of the order is anticipated to commence in Winter 2024 and revenue is to be recognized by the Company upon delivery of the charging stations.

This announcement furthers the Company's partnership with the Western Canadian energy infrastructure provider previously announced by the Company on December 5, 2023. The 58 DC fast charging ports to be delivered is in addition to the previous orders of 18 fleet DC fast charging ports announced on August 1, 2024, and up to 12 public DC fast charging locations to be deployed across urban and rural areas in Western Canada, announced on December 5, 2023.

"This expanded order demonstrates the growing demand and confidence our partners have in Hypercharge's ability to deliver reliable, large-scale charging solutions tailored to fleet needs," said David Bibby, President and CEO of Hypercharge. "We are proud to support the shift to fully electrified fleets by providing fleet operators and energy companies with the fast-charging infrastructure they need for reliable operation and to achieve their sustainability goals."

About Hypercharge

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) is a leading provider of smart electric vehicle (EV) charging solutions for residential and commercial buildings, fleet operations, and other rapidly growing sectors. Driven by its mission to accelerate EV adoption and enable the shift towards a carbon neutral economy, Hypercharge is committed to offering seamless, simple solutions including industry-leading hardware, innovative and integrated software, and comprehensive services, backed by a robust network of public and private charging stations. Learn more: https://hypercharge.com/.

On behalf of the Company,

Hypercharge Networks Corp.
David Bibby, President & CEO

Contacts

Investor Relations:
Chris Tyson | Executive Vice President | MZ Group
invest@hypercharge.com | (949) 491-8235

Media Contact:
Kyle Kingsnorth | Head of Marketing | Hypercharge
kyle.kingsnorth@hypercharge.com

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements regarding contractual performance, expected timing and delivery of charging equipment and revenue recognition. Forward-looking statements are often identified by terms such as "may", "could", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions which are intended to identify forward-looking statements. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222328

FAQ

What is the value of Hypercharge's new order for DC fast charging ports?

The new order for 58 DC fast charging ports is estimated to be worth between $3M and $4M.

When will Hypercharge (HCNWF) begin delivering the new order of charging ports?

Delivery of the 58 DC fast charging ports is anticipated to commence in Winter 2024.

How many total DC fast charging ports has Hypercharge (HCNWF) sold to this Western Canadian energy provider?

Including this new order, Hypercharge has sold at least 76 fleet DC fast charging ports (58 + 18 from a previous order) and up to 12 public DC fast charging locations to this Western Canadian energy provider.

What is the purpose of these DC fast charging ports ordered from Hypercharge (HCNWF)?

The 58 DC fast charging ports are intended for use by the operational fleet of a Western Canadian energy infrastructure provider.

HYPERCHARGE NETWORKS CORP

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