Hypercharge Grows U.S. Presence with EV Charging Installation in Arizona
Hypercharge Networks Corp. (HCNWF) announced it will install 12 Level 2 EV charging stations at a new 323-unit apartment complex in Tucson, Arizona. The installation, set to complete in Q3 2024, is in partnership with Automotive Charging Solutions (ACS), which will handle installation and maintenance. This project reflects Hypercharge's strategy to expand its U.S. presence, driven by growing demand for reliable EV charging solutions with features such as seamless payment processing and proactive monitoring.
- Hypercharge expands footprint to a new U.S. state, Arizona.
- Installation of 12 Level 2 EV charging stations in a 323-unit apartment complex.
- Project expected to complete by Q3 2024.
- Partnership with ACS for installation and maintenance.
- Increased demand for EV charging in multifamily spaces.
- No specific financial figures mentioned for the potential revenue from this project.
- Details on the cost of installation and maintenance of the charging stations not provided.
- Potential risks and challenges of entering a new market not addressed.
Vancouver, British Columbia--(Newsfile Corp. - June 12, 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 will supply 12 Level 2 EV charging stations to a new apartment complex in Tucson, Arizona, with installation due to be completed in Q3 2024.
The property is a 323-unit multi-family development with over 4,900 sq. ft. of retail space, offering modern living and convenient access to downtown Tucson and the University of Arizona.
Hypercharge is working in partnership on the project with Automotive Charging Solutions ("ACS"), which will lead installation and provide ongoing maintenance and support services. ACS, a Hypercharge Preferred Partner based in Scottsdale, Arizona, offers turnkey EV charging solutions in support of its mission to power the evolution and growth of sustainable mobility.
"Expanding our footprint in the U.S. is an important growth initiative for Hypercharge and we are excited to deploy charging stations in Arizona, a new State for the Company, in association with ACS," said Chris Koch, Head of Growth & Partnerships at Hypercharge. "Our selection as the charging station provider was driven by the customer demand for a reliable solution that offers seamless payment processing, proactive monitoring, and load-sharing capabilities."
"We are thrilled to be working with Hypercharge on this EV charging deployment in our home State of Arizona," said Steve Krueger, Founding Partner & CEO at ACS. "The demand for EV charging in the multifamily space continues to grow and we are happy to be a key part of its evolution and expansion."
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", "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/212576
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