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Hypercharge Networks Corp. (HCNWF) is a leading provider of smart electric vehicle (EV) charging solutions, offering turnkey technology for residential and commercial buildings, fleet operations, and other growing sectors. Recently, the company was chosen by Marsim Auto Group to supply charging stations to the new Hyundai/Genesis dealership in Toronto. Hypercharge's commitment to accelerating EV adoption and enabling a carbon-neutral economy is evident through its innovative solutions and robust charging network.
Furthermore, Hypercharge Networks Corp. will be sponsoring the EV & Charging Expo in Toronto and participating in the 2024 Transportation Forum in Vancouver. With a focus on growth and sustainability, the company continues to forge partnerships and expand its presence in the electric vehicle charging industry.
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Hypercharge Networks Corp. partners with Trotman Auto Group to install three DC fast charging stations at dealerships in British Columbia, Canada, to promote EV adoption. The agreement with TAG, an industry-leading dealer group, showcases Hypercharge's commitment to providing innovative EV charging solutions.
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Hypercharge Networks Corp. engages MZ Group for strategic investor relations and financial communications program. MZ to enhance visibility in key markets, highlighting Hypercharge's position in the EV charging market. The company experienced significant growth in 2023 with a 133% increase in charging ports delivered and a 161% increase in sites under management. The partnership aims to capitalize on the increasing demand for EV charging infrastructure, with global EV car stock forecasted to reach almost 350 million by 2030. Hypercharge's innovative business model and strategic initiatives position it for profitability and long-term value creation for shareholders.
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Hypercharge Networks Corp. announces the delivery of 128 Level 2 EV chargers to the Lark Group of Companies for their City Centre 4 development in Surrey, BC. The installation is scheduled for Summer 2024, marking significant progress in fulfilling their backlog and boosting revenue.
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Hypercharge Networks Corp. announces unaudited financial results for the three months and nine months ended December 31, 2023. The company achieved significant milestones, including sales orders for charging ports, reduced expenses, increased EV charging sites, and launched new products. Financially, revenue for the nine months increased by 28%, with a gross margin of 35%. However, revenue for the three months decreased by 48%, with operating expenses rising by 40%. The company's focus remains on providing value-added services, controlling expenses, and long-term growth.
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Hypercharge Networks Corp. (NEO: HC) (OTCQB: HCNWF) (FSE: PB7) supports the Government of Canada's new Electric Vehicle Availability Standard by providing EV charging infrastructure. The company's President and CEO, David Bibby, commends the Government's efforts and expresses readiness to contribute to increasing the availability of reliable and abundant residential and public charging infrastructure.
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Hypercharge Networks Corp. (NEO: HC) (OTC: HCNWF) (FSE: PB7) has received conditional approval for up to 12 DC fast charging locations in Western Canada, estimated to be worth $2M-$3M. The project is expected to start in the second half of 2024 and continue through 2025, with revenue recognized upon delivery of charging stations. This initiative marks a substantial step in expanding public charging infrastructure across urban and rural areas in Western Canada.
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Hypercharge Networks Corp. (HC) announces the launch of Hypercharge Home, a Level 2 EV charging station for residential use. With a 7.6kW output at 32 amps, it offers fast and reliable charging, compatible with most EVs in North America, including Tesla. The charging station is user-friendly, requires no app or complex setup, and is available for purchase in Canada and the United States for $749.99 CAD / $680.00 USD.
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Hypercharge Networks Corp. (NEO: HC) (OTCQB: HCNWF) (FSE: PB7) announces unaudited financial results for the three and six months ended September 30, 2023. Revenue increased by 148% to $921,783 for three months and 223% to $1,422,807 for six months. Operating expenses rose by 68% and 78% for three and six months, respectively. Total assets grew by 43% to $9,148,612. The company processed sales orders for 413 charging ports and activated ten new strategic partnerships.
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Hypercharge Networks Corp. (NEO: HC) (OTCQB: HCNWF) (FSE: PB7) announces partnership with Harlo Capital to supply ten Level 2 charging stations to a residential development in Vancouver, BC. Installation to be completed in November 2023. The project involves collaboration with channel partner Nightingale Electrical, known for quality workmanship and exceptional customer service.
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Hypercharge Networks Corp. announces the availability of its Carbon Credit Program in British Columbia. The program allows commercial and multifamily properties with Hypercharge EV charging stations to earn carbon credits every time a charger is used. The credits can be redeemed for a cash payout or equipment credit at the end of the year. The program simplifies administration, aggregates energy across charging sites for better credit accumulation, and offers reward flexibility. It is currently available in British Columbia and will expand across North America in 2024.
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FAQ
What is the current stock price of HYPERCHARGE NETWORKS (HCNWF)?
The current stock price of HYPERCHARGE NETWORKS (HCNWF) is $0.072 as of October 15, 2024.
What is the market cap of HYPERCHARGE NETWORKS (HCNWF)?
The market cap of HYPERCHARGE NETWORKS (HCNWF) is approximately 4.7M.
What does Hypercharge Networks Corp. specialize in?
Hypercharge Networks Corp. specializes in providing smart electric vehicle (EV) charging solutions for residential and commercial buildings, fleet operations, and other growing sectors.
What recent partnership announcement did Hypercharge Networks Corp. make?
Hypercharge Networks Corp. announced a partnership with Marsim Auto Group to supply charging stations to the new Hyundai/Genesis dealership in Toronto.
In which industry events is Hypercharge Networks Corp. participating?
Hypercharge Networks Corp. will be sponsoring the EV & Charging Expo in Toronto and participating in the 2024 Transportation Forum in Vancouver.
What is Hypercharge Networks Corp.'s mission?
Hypercharge Networks Corp. is committed to accelerating EV adoption and enabling the shift towards a carbon-neutral economy.
What is the focus of Hypercharge Networks Corp.'s innovative solutions?
Hypercharge Networks Corp.'s innovative solutions focus on providing seamless, simple charging options backed by a robust network of public and private charging stations.
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