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Hypercharge Delivers 200 Charging Stations to King George Hub Development in Surrey, BC

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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.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) ha consegnato 200 delle 778 stazioni di ricarica per il King George Hub di PCI Developments a Surrey, BC. L'azienda ha iniziato la consegna a fasi nella primavera del 2024 e si aspetta di completare il progetto entro novembre 2024. Questo importante sviluppo a uso misto presenterà oltre 760.000 piedi quadrati di spazi per uffici e negozi, insieme a 1,2 milioni di piedi quadrati di spazio residenziale.

Hypercharge è stata selezionata nel marzo 2023 per fornire 748 stazioni di ricarica di Livello 2, una per ogni posto auto residenziale. A luglio 2023, sono stati scelti per fornire ulteriori 29 stazioni di Livello 2 e 1 caricatore DC Fast a doppia porta per i visitatori degli inquilini commerciali. Il progetto è in fase di completamento in collaborazione con Mott Electric, un Partner Preferito di Hypercharge che gestisce i requisiti di installazione e infrastruttura.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) ha entregado 200 de las 778 estaciones de carga para el King George Hub de PCI Developments en Surrey, BC. La empresa comenzó la entrega por fases en la primavera de 2024 y espera completar el proyecto para noviembre de 2024. Este importante desarrollo de uso mixto contará con más de 760.000 pies cuadrados de espacio de oficinas y comerciales, junto con 1,2 millones de pies cuadrados de espacio residencial.

Hypercharge fue seleccionada en marzo de 2023 para proporcionar 748 estaciones de carga de Nivel 2, una para cada espacio de estacionamiento residencial. En julio de 2023, fueron elegidos para suministrar 29 estaciones adicionales de Nivel 2 y 1 cargador rápido de corriente continua de doble puerto para los visitantes de inquilinos comerciales. El proyecto se está completando en colaboración con Mott Electric, un Socio Preferido de Hypercharge que gestiona los requisitos de instalación e infraestructura.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF)는 Surrey, BC에 있는 PCI Developments의 King George Hub를 위해 778개의 충전소 중 200개를 배송했습니다. 이 회사는 2024년 봄에 단계별 배송을 시작했으며 2024년 11월까지 프로젝트를 완료할 것으로 예상하고 있습니다. 이 중요한 복합 용도 개발에는 76만 평방피트 이상의 사무실 및 소매 공간과 120만 평방피트의 주거 공간이 포함될 예정입니다.

Hypercharge는 2023년 3월에 주거용 주차 공간마다 하나씩 총 748대의 레벨 2 충전소를 제공하기 위해 선정되었습니다. 2023년 7월에는 상업 세입자 방문객을 위한 추가 29대의 레벨 2 충전소와 1대의 이중 포트 DC 고속 충전기를 공급하기 위해 선택되었습니다. 이 프로젝트는 설치 및 인프라 요구 사항을 관리하는 Hypercharge의 선호 파트너인 Mott Electric와 협력하여 진행되고 있습니다.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) a livré 200 des 778 stations de recharge pour le King George Hub de PCI Developments à Surrey, BC. L'entreprise a commencé la livraison échelonnée au printemps 2024 et prévoit de terminer le projet d'ici novembre 2024. Ce développement mixte emblématique comprendra plus de 760 000 pieds carrés d'espace de bureau et de commerce, ainsi que 1,2 million de pieds carrés d'espace résidentiel.

Hypercharge a été sélectionnée en mars 2023 pour fournir 748 stations de recharge de niveau 2, une pour chaque place de stationnement résidentiel. En juillet 2023, elle a été choisie pour fournir 29 stations de niveau 2 supplémentaires et un chargeur rapide DC à double port pour les visiteurs des locataires commerciaux. Le projet est réalisé en collaboration avec Mott Electric, un partenaire privilégié de Hypercharge qui gère l'installation et les exigences en matière d'infrastructure.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) hat 200 der 778 Ladestationen für den King George Hub von PCI Developments in Surrey, BC, geliefert. Das Unternehmen hat im Frühjahr 2024 mit der gestaffelten Lieferung begonnen und rechnet damit, das Projekt bis November 2024 abzuschließen. Diese bedeutende gemischte Nutzung wird über 760.000 Quadratfuß Büro- und Verkaufsfläche sowie 1,2 Millionen Quadratfuß Wohnfläche umfassen.

Hypercharge wurde im März 2023 ausgewählt, um 748 Level 2-Ladestationen bereitzustellen, eine für jeden Wohnparkplatz. Im Juli 2023 wurden sie ausgewählt, um 29 zusätzliche Level 2-Stationen und 1 DC-Schnelllader mit zwei Anschlüssen für gewerbliche Besuchermieter zu liefern. Das Projekt wird in Zusammenarbeit mit Mott Electric, einem bevorzugten Partner von Hypercharge, durchgeführt, der die Installations- und Infrastruktur Anforderungen verwaltet.

Positive
  • Delivered 200 charging stations from sales backlog, recognizing revenue
  • On schedule for delivery of remaining 578 stations by November 2024
  • Secured large-scale project with 778 total charging stations
  • Collaboration with established partner Mott Electric for installation
Negative
  • None.

Remaining 578 Charging Stations Expected to be Delivered by November 2024

Vancouver, British Columbia--(Newsfile Corp. - July 25, 2024) - Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) (the "Company" or "Hypercharge"), today announced it has delivered from its sales backlog and recognized as revenue 200 of 778 charging stations for PCI Developments' King George Hub development in Surrey, BC. The Company began phased delivery in Spring 2024, with completion estimated by November 2024.

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.

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 charger for use by visitors to commercial tenants.

"King George Hub's integrated, transit-oriented development is at the heart of the newly developed area in Surrey, and Hypercharge is executing the delivery progress for this substantial order on schedule," said Chris Koch, Head of Growth & Partnerships at Hypercharge. "This development truly supports the future of real estate by adding EV charging stations to every residential parking stall in the project. We continue to move forward on our delivery timeline for the project, adding to our growth and revenue momentum for the second half of 2024."

Hypercharge is completing the project in collaboration with Mott Electric, which is managing installation of all chargers and infrastructure requirements. Founded in 1930, Mott Electric, a Hypercharge Preferred Partner, is one of the oldest and largest electrical contracting companies in BC's Lower Mainland.

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 and the expected timing, delivery and installation of EV charging stations. 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/217612

FAQ

How many charging stations has Hypercharge (HCNWF) delivered to King George Hub?

Hypercharge has delivered 200 out of 778 charging stations to the King George Hub development in Surrey, BC.

When is Hypercharge (HCNWF) expected to complete the delivery of charging stations to King George Hub?

Hypercharge expects to complete the delivery of the remaining 578 charging stations by November 2024.

What types of charging stations is Hypercharge (HCNWF) providing for King George Hub?

Hypercharge is providing 777 Level 2 charging stations and 1 dual-port DC Fast charger for the King George Hub development.

Who is Hypercharge (HCNWF) collaborating with for the installation of charging stations at King George Hub?

Hypercharge is collaborating with Mott Electric, a Hypercharge Preferred Partner, for the installation of charging stations and infrastructure requirements at King George Hub.

HYPERCHARGE NETWORKS CORP

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