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Hypercharge Expands Partnership with Energy Infrastructure Provider for Fleet DC Fast Charging in Western Canada

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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) ha ricevuto un ordine per fornire 18 stazioni di ricarica rapida DC a un fornitore di infrastrutture energetiche del Canada occidentale per la loro flotta operativa. Questo amplia una precedente partnership annunciata nel dicembre 2023, che comprendeva un ordine per un massimo di 12 località pubbliche di ricarica rapida DC nel Canada occidentale. La consegna è prevista per l'autunno del 2024, con riconoscimento dei ricavi al momento della consegna.

Il presidente e CEO di Hypercharge, David Bibby, ha sottolineato la capacità dell'azienda di fornire soluzioni di ricarica complete che ottimizzano le prestazioni della flotta e supportano la transizione verso veicoli della flotta completamente elettrificati. Questo ordine dimostra la crescente presenza di Hypercharge nel mercato delle infrastrutture di ricarica per veicoli elettrici, in particolare nel settore delle flotte.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) ha asegurado un pedido para suministrar 18 puertos de carga rápida DC a un proveedor de infraestructura energética en el oeste de Canadá para su flota operativa. Esto se expande sobre una asociación previa anunciada en diciembre de 2023, que incluía un pedido de hasta 12 localizaciones públicas de carga rápida DC en el oeste de Canadá. Se espera que la entrega comience en el otoño de 2024, con el reconocimiento de ingresos al momento de la entrega.

El presidente y CEO de Hypercharge, David Bibby, enfatizó la capacidad de la compañía para ofrecer soluciones de carga integrales que optimizan el rendimiento de la flota y apoyan la transición hacia vehículos de flota completamente electrificados. Este pedido demuestra la creciente presencia de Hypercharge en el mercado de infraestructura de carga de vehículos eléctricos, especialmente en el sector de flotas.

하이퍼차지 네트웍스 주식회사 (TSXV: HC) (OTCQB: HCNWF)가 서부 캐나다의 에너지 인프라 제공업체에 18개의 DC 고속 충전 포트를 공급하기 위한 주문을 확보했습니다. 이는 2023년 12월에 발표된 이전 파트너십을 확장하는 것으로, 서부 캐나다의 최대 12개 공공 DC 고속 충전소에 대한 주문이 포함되었습니다. 배송은 2024년 가을부터 시작될 예정이며, 배송 시 수익 인식이 이루어질 것입니다.

하이퍼차지의 사장 겸 CEO인 데이비드 비비(David Bibby)는 플릿 성능을 최적화하고 완전히 전기화된 플릿 차량으로의 전환을 지원하는 포괄적인 충전 솔루션을 제공할 수 있는 회사의 능력을 강조했습니다. 이번 주문은 특히 플릿 부문에서 전기차 충전 인프라 시장 내 하이퍼차지의 성장하는 존재감을 보여줍니다.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) a obtenu une commande pour fournir 18 ports de charge rapide DC à un fournisseur d'infrastructure énergétique de l'ouest du Canada pour sa flotte opérationnelle. Cela fait suite à un partenariat précédent annoncé en décembre 2023, qui comprenait une commande pour jusqu'à 12 lieux publics de charge rapide DC en occident canadien. La livraison devrait commencer à l'automne 2024, avec une reconnaissance des revenus à la livraison.

Le président et CEO de Hypercharge, David Bibby, a souligné la capacité de l'entreprise à offrir des solutions de charge complètes qui optimisent le rendement de la flotte et soutiennent la transition vers des véhicules de flotte entièrement électrifiés. Cette commande démontre la présence croissante de Hypercharge sur le marché des infrastructures de charge pour véhicules électriques, notamment dans le secteur des flottes.

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) hat einen Auftrag zur Lieferung von 18 DC-Schnellladeports an einen Energiedienstleister aus Westkanada für deren Betriebsflotte erhalten. Dies baut auf einer zuvor im Dezember 2023 angekündigten Partnerschaft auf, die eine Bestellung von bis zu 12 öffentlichen DC-Schnellladestandorten in Westkanada umfasste. Die Lieferung wird voraussichtlich im Herbst 2024 beginnen, mit der Einnahmenerkennung bei Lieferung.

Der Präsident und CEO von Hypercharge, David Bibby, betonte die Fähigkeit des Unternehmens, umfassende Ladelösungen anzubieten, die die Flottenleistung optimieren und den Übergang zu vollständig elektrifizierten Flottenfahrzeugen unterstützen. Dieser Auftrag zeigt die wachsende Präsenz von Hypercharge im Markt für EV-Ladeinfrastruktur, insbesondere im Flottensektor.

Positive
  • Secured order for 18 DC fast charging ports for fleet use
  • Expansion of existing partnership with Western Canadian energy infrastructure provider
  • Expected revenue recognition upon delivery of charging stations in Fall 2024
  • Demonstrates capability to deliver comprehensive fleet charging solutions
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - August 1, 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 order to supply 18 DC fast charging ports to a Western Canadian energy infrastructure provider for use by their operational fleet. Delivery of the order is anticipated to commence in Fall 2024 and revenue is to be recognized by the Company upon delivery of 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. This latest order is in addition to the previous order for up to 12 public DC fast charging locations to be deployed across urban and rural areas in Western Canada.

"Hypercharge's fleet solutions are designed to meet the specific and custom needs of businesses across North America, ensuring reliability and efficiency at every stage. With this large-scale energy infrastructure provider, we are demonstrating our capability to deliver comprehensive charging solutions that optimize fleet performance and support the transition to fully electrified fleet vehicles," said David Bibby, President and CEO of Hypercharge.

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 expected delivery of charging equipment. 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/218455

FAQ

How many DC fast charging ports has Hypercharge Networks Corp. (HCNWF) been ordered to supply in their latest deal?

Hypercharge Networks Corp. (HCNWF) has been ordered to supply 18 DC fast charging ports to a Western Canadian energy infrastructure provider for their operational fleet.

When is the delivery of Hypercharge's (HCNWF) latest order expected to begin?

The delivery of Hypercharge's (HCNWF) latest order is anticipated to commence in Fall 2024.

What was Hypercharge Networks Corp.'s (HCNWF) previous order with the Western Canadian energy infrastructure provider?

Hypercharge Networks Corp.'s (HCNWF) previous order, announced on December 5, 2023, was for up to 12 public DC fast charging locations to be deployed across urban and rural areas in Western Canada.

When will Hypercharge Networks Corp. (HCNWF) recognize revenue from this new order?

Hypercharge Networks Corp. (HCNWF) will recognize revenue upon delivery of the charging stations, which is expected to begin in Fall 2024.

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