Hypercharge Surpasses 5,000 Charging Ports Sold and Provides Corporate Updates Highlighting Key Milestones
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) has announced significant growth milestones in its EV charging business. The company has surpassed 5,000 charging ports sold across North America, representing a 78% increase compared to the three months ended December 31, 2023. The company's mobile app user base is approaching 25,000, showing a 160% increase, with users collectively charging more than 750,000 minutes weekly.
The company has completed delivery and recognized revenue from 76 DC fast charging ports to a Western Canadian energy infrastructure provider, fulfilling previously announced orders from August and September 2024. Hypercharge will release its fiscal Q3 earnings report for the period ended December 31, 2024, by March 3, 2025. Additionally, board member Vitaly Golomb will step down effective February 7, 2025.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) ha annunciato traguardi significativi di crescita nella sua attività di ricarica per veicoli elettrici. L'azienda ha superato i 5.000 punti di ricarica venduti in tutta Nord America, con un incremento del 78% rispetto ai tre mesi terminati il 31 dicembre 2023. La base utenti dell'app mobile dell'azienda si avvicina a 25.000, mostrando un aumento del 160%, con gli utenti che caricano collettivamente più di 750.000 minuti a settimana.
L'azienda ha completato la consegna e riconosciuto entrate da 76 punti di ricarica rapida DC a un fornitore di infrastrutture energetiche della Canada occidentale, soddisfacendo ordini precedentemente annunciati ad agosto e settembre 2024. Hypercharge pubblicherà il suo rapporto sugli utili relativi al terzo trimestre fiscale per il periodo terminato il 31 dicembre 2024, entro il 3 marzo 2025. Inoltre, il membro del consiglio Vitaly Golomb si dimetterà con effetto dal 7 febbraio 2025.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) ha anunciado hitos importantes de crecimiento en su negocio de carga de vehículos eléctricos. La compañía ha superado los 5.000 puertos de carga vendidos en América del Norte, lo que representa un aumento del 78% en comparación con los tres meses que terminaron el 31 de diciembre de 2023. La base de usuarios de la aplicación móvil de la compañía se acerca a 25.000, mostrando un aumento del 160%, con los usuarios cargando colectivamente más de 750.000 minutos semanales.
La compañía ha completado la entrega y reconocido ingresos de 76 puertos de carga rápida DC a un proveedor de infraestructura energética de Canadá occidental, cumpliendo con los pedidos previamente anunciados en agosto y septiembre de 2024. Hypercharge publicará su informe de ganancias del tercer trimestre fiscal para el período que terminó el 31 de diciembre de 2024, antes del 3 de marzo de 2025. Además, el miembro de la junta Vitaly Golomb renunciará a partir del 7 de febrero de 2025.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF)는 전기차 충전 사업의 주요 성장 이정표를 발표했습니다. 이 회사는 북미 전역에서 판매된 5,000개 충전 포트를 초과했다고 하며, 2023년 12월 31일에 종료된 3개월과 비교해 78% 증가했습니다. 회사의 모바일 앱 사용자 수는 25,000명에 가까워지고 있으며, 160% 증가를 보여주고 있고, 사용자들은 주당 총 750,000분 이상 충전하고 있습니다.
회사는 서부 캐나다 에너지 인프라 공급자에게 76개의 DC 급속 충전 포트를 배송하고 수익을 인식했으며, 이는 2024년 8월과 9월에 이전에 발표된 주문을 충족한 것입니다. Hypercharge는 2024년 12월 31일에 종료된 회계 연도 3분기 실적 보고서를 2025년 3월 3일까지 발표할 예정입니다. 또한 이사회成员인 Vitaly Golomb는 2025년 2월 7일부터 사임할 예정입니다.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) a annoncé des jalons de croissance significatifs dans son activité de recharge pour véhicules électriques. La société a dépassé les 5 000 ports de recharge vendus en Amérique du Nord, ce qui représente une augmentation de 78 % par rapport aux trois mois se terminant le 31 décembre 2023. La base d’utilisateurs de l’application mobile de l’entreprise approche 25 000, montrant une augmentation de 160 %, les utilisateurs rechargeant collectivement plus de 750 000 minutes par semaine.
La société a complété la livraison et reconnu des revenus provenant de 76 ports de recharge rapide DC à un fournisseur d'infrastructure énergétique canadien à l'ouest, satisfaisant les commandes précédemment annoncées en août et septembre 2024. Hypercharge publiera son rapport sur les résultats du troisième trimestre fiscal pour la période se terminant le 31 décembre 2024, d'ici le 3 mars 2025. De plus, le membre du conseil Vitaly Golomb démissionnera à compter du 7 février 2025.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) hat bedeutende Wachstumsmilestones in ihrem Geschäft mit Ladestationen für Elektrofahrzeuge angekündigt. Das Unternehmen hat über 5.000 verkaufte Ladestationen in Nordamerika überschritten, was einem Anstieg von 78% im Vergleich zu den drei Monaten bis zum 31. Dezember 2023 entspricht. Die Nutzerbasis der mobilen App des Unternehmens nähert sich 25.000, mit einem Anstieg von 160%, wobei die Nutzer wöchentlich insgesamt mehr als 750.000 Minuten laden.
Das Unternehmen hat 76 DC-Schnellladestationen an einen Energieinfrastruktur-Anbieter in Westkanada geliefert und die Einnahmen dafür verbucht, was die zuvor im August und September 2024 angekündigten Bestellungen erfüllt. Hypercharge wird seinen Bericht über die Ergebnisse des dritten Finanzquartals für den Zeitraum bis zum 31. Dezember 2024 bis zum 3. März 2025 veröffentlichen. Darüber hinaus wird das Vorstandsmitglied Vitaly Golomb zum 7. Februar 2025 zurücktreten.
- Achieved 78% growth in charging ports sold, surpassing 5,000 units
- 160% increase in mobile app users, approaching 25,000 registered users
- Users collectively charging over 750,000 minutes weekly
- Completed delivery and revenue recognition of 76 DC fast charging ports
- None.
- Surpassed 5,000 ports sold and nears 25,000 registered app users total across North America since commencing operations
- Delivered and recognized revenue of 76 DC fast charging ports for a Western Canadian fleet
- Announces upcoming fiscal Q3 earnings release date and changes to the Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2025) - 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 provide a corporate update regarding milestone achievements in booked sales and registered app users, delivery of DC fast charging stations to a Western Canadian energy infrastructure provider, the release date of the Company's fiscal Q3 earnings, and changes to its Board of Directors.
Over 5,000 Ports Sold Across North America
The Company is pleased to announce that it has surpassed 5,000 charging ports sold across Canada and the United States, an increase of over
The Company also nears 25,000 mobile app users, an increase of over
Delivery of 76 Fleet DC Fast Charging Ports for Energy Infrastructure Provider
The Company is pleased to announce it has completed delivery from its sales backlog and recognized as revenue a total of 76 DC fast charging ports to a Western Canadian energy infrastructure provider for use by their operational fleet.
The DC fast charging ports delivered are from the previous announcements of 58 fleet DC fast charging ports announced on September 5, 2024, and 18 fleet DC fast charging ports announced on August 1, 2024.
Fiscal Q3 Earnings Release Date
The Company will provide additional insights into its performance, market outlook, and strategy in the release of the Company's financial statements and interim MD&A for the fiscal third quarter ended December 31, 2024, anticipated to be filed on SEDAR+ and made available on the Company's website before or on March 3, 2025.
Changes to Board of Directors
The Company announces today that Vitaly Golomb will be stepping down from the Company's Board of Directors, effective February 7, 2025.
"On behalf of Hypercharge, I want to sincerely thank Vitaly for his contributions over the past two and a half years," said David Bibby, President and CEO of Hypercharge. "His deep industry expertise and strategic insights, particularly in future mobility and energy transition, have helped shape our direction."
The Board of Directors and the Company's senior leadership team would like to thank Vitaly for his valuable contributions to Hypercharge and wish him well with his future endeavours.
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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
Contact
Media & Investor Relations:
Kyle Kingsnorth, Head of Marketing
kyle.kingsnorth@hypercharge.com | +1 (888) 320-2633
Cautionary Note Regarding Preliminary Financial Results
The preliminary financial information, including, without limitation, related to recognized revenue, are based on an initial review of the results of the Company's operations for the three months ended December 31, 2024, and are subject to change. This information is preliminary and inherently uncertain due to a number of factors, and remain subject to the Company's management's and audit committee's reviews and the completion of regular financial closing and review procedures for the fiscal period. The Company's auditor has not audited, reviewed or performed any procedures with respect to the preliminary information and accordingly does not express an opinion or any other form of assurance with respect thereto. These financial estimates should not be viewed as a substitute for financial statements prepared in accordance with generally accepted accounting principles and are not necessarily indicative of the Company's results for any future period. Additional adjustments to the preliminary information presented above may be identified, and final results for the relevant fiscal periods may differ materially from those provided herein and will not be finalized until after the Company completes its normal quarter-end accounting procedures. These financial estimates are intended to provide information about management's current expectations regarding certain aspect of the Company's financial performance. Reliance on the information presented herein may not be appropriate for other purposes.
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", "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/239973
FAQ
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