Hypercharge Delivers 128 EV Charging Stations to Lark Group Development
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Revenue from 128 Unit Order Recognized with Installation Scheduled for Summer 2024
Vancouver, British Columbia--(Newsfile Corp. - March 7, 2024) - Hypercharge Networks Corp. (NEO: HC) (OTCQB: HCNWF) (FSE: PB7) (the "Company" or "Hypercharge"), a leading, smart electric vehicle ("EV") charging solutions provider, is pleased to announce it has delivered 128 Level 2 EV chargers to the Lark Group of Companies ("Lark") for its City Centre 4 development (the "Project"), a new premium office and retail building located in Surrey, BC, with installation due to be completed in Summer 2024.
Lark is an award-winning development and construction group with an extensive portfolio of office, mixed-use, residential, and recreational projects. In addition to founding the Health and Technology District, which City Centre 4 is located within, Lark has delivered a wide variety of healthcare, recreational and mixed-use facilities across British Columbia.
Under the Project, first announced in March 2023, Colwin Electrical Group, a Hypercharge Preferred Partner, will manage the EV infrastructure requirements and installation of all 128 Level 2 charging stations at City Centre 4 in the second half of 2024. Locally owned and operated in Port Moody, BC, Colwin Electrical Group delivers a range of electrical services from system design, cost planning and commercial installation to thermal imaging diagnostics and responsive maintenance service.
"This project highlights the significant fulfillment progress on our growing backlog and ability to offer turnkey technology to commercial buildings focused on supporting sustainable transportation options," said Chris Koch, Head of Growth & Partnerships at Hypercharge. "The City Centre 4 development is located near prominent retail, education, and hospitality facilities, making it a prime spot for Hypercharge charging stations that will be accessible to both the building's tenants and the public. With our revenues recognized on delivery, we expect the project to accelerate the near-term monetization of our backlog."
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About Hypercharge
Hypercharge Networks Corp. (NEO: HC) (OTCQB: HCNWF) (FSE: PB7) is a leading provider of smart electric vehicle (EV) charging solutions that offers turnkey technology to 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 providing seamless, simple charging solutions by offering industry-leading equipment and 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
HC@mzgroup.us | (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", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements regarding the expected installation of EV charging stations under the Project and the expected timing thereof. 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 NEO Exchange Inc. nor its Market Regulator (as that term is defined in policies of NEO Exchange Inc.) 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/200740
FAQ
What is the significance of the 128 unit order for Hypercharge Networks Corp.?
Who is managing the EV infrastructure requirements and installation for the City Centre 4 development?
Where is the City Centre 4 development located?
When is the installation of the 128 Level 2 charging stations at City Centre 4 expected to be completed?
Who is the Head of Growth & Partnerships at Hypercharge Networks Corp.?
