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Hypercharge Completes Delivery of 778 Charging Stations to King George Hub Development in Surrey, BC

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Hypercharge Networks has completed the delivery of 778 EV charging stations to PCI Developments' King George Hub development in Surrey, BC. The delivery included 777 Level 2 charging stations and 1 dual-port DC fast charging station, executed across three fiscal quarters. The installations were split with 200 stations in Q1 2024, 400 in Q2, and 178 in Q3. The King George Hub is a mixed-use development featuring over 760,000 square feet of office and retail space, plus approximately 1.2 million square feet of residential space, located at the junction of three rapid transit lines.

Hypercharge Networks ha completato la consegna di 778 stazioni di ricarica per veicoli elettrici presso lo sviluppo King George Hub di PCI Developments a Surrey, BC. La consegna comprendeva 777 stazioni di ricarica di Livello 2 e 1 stazione di ricarica veloce DC a doppia porta, realizzata in tre trimestri fiscali. Le installazioni sono state suddivise con 200 stazioni nel primo trimestre del 2024, 400 nel secondo trimestre e 178 nel terzo. Il King George Hub è uno sviluppo a uso misto che presenta oltre 760.000 piedi quadrati di spazio uffici e retail, oltre a circa 1,2 milioni di piedi quadrati di spazio residenziale, situato all'incrocio di tre linee di trasporto rapido.

Hypercharge Networks ha completado la entrega de 778 estaciones de carga de vehículos eléctricos al desarrollo King George Hub de PCI Developments en Surrey, BC. La entrega incluyó 777 estaciones de carga de Nivel 2 y 1 estación de carga rápida DC de doble puerto, realizada en tres trimestres fiscales. Las instalaciones se dividieron con 200 estaciones en el primer trimestre de 2024, 400 en el segundo trimestre y 178 en el tercer trimestre. El King George Hub es un desarrollo de uso mixto que cuenta con más de 760.000 pies cuadrados de espacio de oficinas y comerciales, además de aproximadamente 1.2 millones de pies cuadrados de espacio residencial, ubicado en la intersección de tres líneas de tránsito rápido.

Hypercharge Networks는 BC주 Surrey의 PCI Developments의 King George Hub 개발에 778개의 전기차 충전소를 성공적으로 납품했습니다. 납품에는 777개의 레벨 2 충전소와 1개의 듀얼 포트 DC 급속 충전소가 포함되었으며, 3개의 회계 분기 동안 실행되었습니다. 설치는 2024년 1분기에 200개, 2분기에 400개, 3분기에 178개로 나뉘어 진행되었습니다. King George Hub는 760,000제곱피트 이상의 사무실 및 소매 공간과 약 1.2백만 제곱피트의 주거 공간을 갖춘 복합 개발로, 세 개의 급행 transit 노선이 만나는 지점에 위치하고 있습니다.

Hypercharge Networks a terminé la livraison de 778 stations de recharge pour véhicules électriques pour le développement King George Hub de PCI Developments à Surrey, BC. La livraison comprenait 777 stations de recharge de Niveau 2 et 1 station de recharge rapide DC à double port, réalisée sur trois trimestres fiscaux. Les installations ont été réparties avec 200 stations au premier trimestre 2024, 400 au deuxième trimestre et 178 au troisième trimestre. Le King George Hub est un développement à usage mixte comprenant plus de 760 000 pieds carrés d'espace de bureau et de vente au détail, ainsi qu'environ 1,2 million de pieds carrés d'espace résidentiel, situé à l'intersection de trois lignes de transport rapide.

Hypercharge Networks hat die Lieferung von 778 Elektrofahrzeug-Ladestationen an das King George Hub-Projekt von PCI Developments in Surrey, BC, abgeschlossen. Die Lieferung umfasste 777 Level 2-Ladestationen sowie 1 duale DC-Schnellladestation, die über drei Quartale durchgeführt wurde. Die Installationen wurden aufgeteilt in 200 Stationen im 1. Quartal 2024, 400 im 2. Quartal und 178 im 3. Quartal. Das King George Hub ist ein gemischt genutztes Projekt mit über 760.000 Quadratfuß Büro- und Verkaufsfläche sowie etwa 1,2 Millionen Quadratfuß Wohnfläche, das am Schnittpunkt dreier Schnellbahnlinien liegt.

Positive
  • Successful delivery completion of 778 charging stations
  • Large-scale project implementation at a major mixed-use development
  • Additional order secured in July 2023 for 30 more charging stations
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - October 28, 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 it has completed delivery from its sales backlog and recognized as revenue an additional 577 Level 2 charging stations and 1 dual-port DC fast charging station for PCI Developments' King George Hub development in Surrey, BC.

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Final delivery of Hypercharge EV charging stations being prepared for transport to the King George Hub development in Surrey, BC

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In fiscal Q1 2024, 200 Level 2 charging stations were delivered to the King George Hub development. An additional 400 Level 2 charging stations were delivered during fiscal Q2, and the remaining 177 Level 2 charging stations and 1 dual-port DC fast charging station were delivered in fiscal Q3, bringing the total to 778 charging stations delivered.

King George Hub is a landmark mixed-use development that will provide over 760,000 square feet of office and retail space in multiple phases, as well as approximately 1.2 million square feet of residential space situated at the junction of up to three rapid transit lines.

"Completing the delivery of all 778 charging stations to King George Hub marks a significant milestone for both Hypercharge and for sustainable urban development as a whole," said Chris Koch, Head of Growth & Partnerships at Hypercharge. "This project exemplifies how collaboration between forward-thinking developers and innovative technology providers can create communities that are ready for the future of transportation. We're proud to have played a role in making King George Hub one of the most EV-ready destinations in the region."

Hypercharge was selected in March 2023 by PCI Developments to provide 748 Level 2 charging stations, one for every residential parking space at King George Hub. In July 2023, the Company was selected to provide an additional 29 Level 2 charging stations and 1 dual-port DC fast charging station for use by visitors to commercial tenants.

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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. 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/228020

FAQ

How many EV charging stations did Hypercharge (HCNWF) deliver to King George Hub?

Hypercharge delivered a total of 778 charging stations, comprising 777 Level 2 charging stations and 1 dual-port DC fast charging station.

When did Hypercharge (HCNWF) complete the King George Hub charging station delivery?

The delivery was completed in fiscal Q3 2024, with installations spread across three quarters: 200 in Q1, 400 in Q2, and 178 in Q3.

What is the size of the King George Hub development where Hypercharge (HCNWF) installed charging stations?

King George Hub features over 760,000 square feet of office and retail space, plus approximately 1.2 million square feet of residential space.

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