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Hypercharge Supplies Prince Rupert Port Authority with Fleet EV Charging & CFO Resignation

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Hypercharge Networks has delivered one DC fast charger and three Level 2 charging stations to the Prince Rupert Port Authority (PRPA) in British Columbia, supporting their fleet vehicle electrification initiative. PRPA manages Canada's northernmost west coast trade gateway, facilitating trade between North America and Asia. Additionally, the company announced the resignation of CFO Navraj Dosanjh, effective January 10, 2025. A search for his successor has begun, with Dosanjh committed to ensuring a smooth transition.

Hypercharge Networks ha fornito un caricatore rapido CC e tre stazioni di ricarica di Livello 2 all'Autorità Portuale di Prince Rupert (PRPA) nella British Columbia, supportando la loro iniziativa di elettrificazione della flotta. PRPA gestisce il gateway commerciale della costa ovest canadese più a nord, facilitando il commercio tra Nord America e Asia. Inoltre, l'azienda ha annunciato le dimissioni del CFO Navraj Dosanjh, effetto dal 10 gennaio 2025. È iniziata la ricerca del suo successore, con Dosanjh impegnato a garantire una transizione senza intoppi.

Hypercharge Networks ha entregado un cargador rápido de CC y tres estaciones de carga de Nivel 2 a la Autoridad Portuaria de Prince Rupert (PRPA) en Columbia Británica, apoyando su iniciativa de electrificación de vehículos de flota. PRPA gestiona la puerta comercial en la costa oeste más septentrional de Canadá, facilitando el comercio entre América del Norte y Asia. Además, la empresa anunció la renuncia del CFO Navraj Dosanjh, que será efectiva el 10 de enero de 2025. Se ha iniciado la búsqueda de su sucesor, y Dosanjh se ha comprometido a asegurar una transición fluida.

하이퍼차지 네트워크는 브리티시컬럼비아 주 프린스 루퍼트 항만청(PRPA)에 DC 고속 충전기 1대와 레벨 2 충전소 3대를 제공하여 차량 전기화 이니셔티브를 지원했습니다. PRPA는 캐나다의 가장 북쪽에 위치한 서부 해안 무역 관문을 관리하여 북미와 아시아 간의 무역을 촉진합니다. 또한, 회사는 CFO Navraj Dosanjh의 사임을 발표했으며 이는 2025년 1월 10일부터 유효합니다. 그의 후임자에 대한 검색이 시작되었으며, Dosanjh는 원활한 전환을 위해 최선을 다할 것입니다.

Hypercharge Networks a fourni un chargeur rapide CC et trois stations de recharge de niveau 2 à l'Autorité Portuaire de Prince Rupert (PRPA) en Colombie-Britannique, soutenant leur initiative d'électrification de la flotte de véhicules. PRPA gère la porte commerciale de la côte ouest du Canada la plus au nord, facilitant le commerce entre l'Amérique du Nord et l'Asie. De plus, l'entreprise a annoncé la démission de son CFO Navraj Dosanjh, effective le 10 janvier 2025. Une recherche pour son successeur a été lancée, Dosanjh s'étant engagé à assurer une transition en douceur.

Hypercharge Networks hat einen DC-Schnelllader und drei Ladestationen der Stufe 2 an die Prince Rupert Port Authority (PRPA) in British Columbia geliefert, um deren Initiative zur Elektrifizierung der Flotte zu unterstützen. PRPA verwaltet das nördlichste Handelsportal an der Westküste Kanadas und erleichtert den Handel zwischen Nordamerika und Asien. Darüber hinaus gab das Unternehmen die Rücktritt von CFO Navraj Dosanjh bekannt, der am 10. Januar 2025 wirksam wird. Die Suche nach seinem Nachfolger hat begonnen, und Dosanjh hat sich verpflichtet, einen reibungslosen Übergang sicherzustellen.

Positive
  • Secured new business contract with major port authority
  • Expanding presence in fleet charging infrastructure market
Negative
  • CFO resignation could create temporary leadership gap
  • Need to search and transition to new CFO may impact operations

Vancouver, British Columbia--(Newsfile Corp. - November 15, 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 delivered one DC fast charger and three Level 2 charging stations to the Prince Rupert Port Authority ("PRPA"), in Prince Rupert, British Columbia, in support of PRPA's electrification of fleet vehicles.

PRPA manages the Port of Prince Rupert, Canada's northernmost trade gateway on the west coast. The Port of Prince Rupert anchors one of the fastest and most reliable supply chains between North America and Asia, providing vital infrastructure to support shippers and industries as they move their goods and resources to market.

"The Prince Rupert Port Authority's initiative to electrify its fleet is representative of an important shift for seaports across North America," said Rory Gattens, Head of Growth & Partnerships, West, at Hypercharge. "As organizations transition to electric fleets, having reliable charging infrastructure becomes mission-critical to ensure vehicles are always operational and ready to meet demand. We're proud to support PRPA with our advanced fleet charging stations, aligning with their sustainability goals, and commitment to operational excellence."

Resignation of Chief Financial Officer

The Company also announces that Navraj Dosanjh has resigned as Chief Financial Officer, effective January 10, 2025. The Company has initiated a search for his successor. Mr. Dosanjh has provided invaluable contributions over the past two years and is committed to ensure a smooth transition as he focuses on supporting key priorities. David Bibby, President and CEO, along with the Board, expresses deep gratitude for Mr. Dosanjh's dedication and wishes him the very best in his future endeavours.

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 the effective date of Mr. Dosanjh's resignation and future announcements regarding the search and appointment of a successor Chief Financial Officer. 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/230257

FAQ

What charging infrastructure did Hypercharge (HCNWF) deliver to Prince Rupert Port Authority?

Hypercharge delivered one DC fast charger and three Level 2 charging stations to support PRPA's fleet vehicle electrification initiative.

When is Hypercharge (HCNWF) CFO Navraj Dosanjh leaving the company?

Navraj Dosanjh will resign as CFO effective January 10, 2025.

What is the significance of the Prince Rupert Port Authority contract for Hypercharge (HCNWF)?

The contract represents Hypercharge's expansion into seaport fleet electrification, providing mission-critical charging infrastructure for North America's northernmost west coast trade gateway.

HYPERCHARGE NETWORKS CORP

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