Mr. David Bibby reports

HYPERCHARGE EV CHARGING SELECTED FOR TORONTO DEVELOPMENT

Hypercharge Networks Corp. has been selected by Diamond Kilmer Developments to deploy 39 level 2 chargers in the new residential development, Reunion Crossing, in Toronto, Ont., with installation to begin this month.

Diamond Kilmer Developments brings a unique offering to the Greater Toronto Area (GTA) housing market, offering thoughtfully designed, high-quality home ownership opportunities in conveniently placed neighbourhoods close to Toronto's core. Reunion Crossing is one of its new condo and townhouse developments and will be an 11-storey condominium building fronting onto St. Clair Avenue West with five three-storey town home blocks to the north.

"Diamond Kilmer Developments sought a premium and flexible EV charging solution for this residential and commercial development," said David Bibby, chief executive officer of Hypercharge. "Hypercharge's level 2 EV [electric vehicle] charging stations were selected following an in-depth consultation with our team as these chargers are perfectly suited for home, workplace and public charging locations."

Approximately one-third of Canadians currently reside in multiunit residential buildings (MURB) and this number is expected to increase, particularly in large urban centres.

"Canada is aiming to have all new passenger vehicles sold be zero-emission by 2035 and, with most EV charging occurring at home, level 2 charging infrastructure is a great option, offering a full charge for most electric vehicles overnight," added Mr. Bibby. "With rapidly growing support for a carbon neutral economy, more developers are implementing EV charging plans prior to construction to support the eventual total electrification of passenger vehicles. This is a wise move on their part, as it is significantly cheaper to design a new building with EV charging already incorporated than to modify the existing electrical infrastructure after the fact."

Meticulous Research projects that the North America EV charging stations market is expected to reach a value of $30.62-billion by 2029, with Canada witnessing the fastest growth during the forecast period, followed by the United States.

About Hypercharge Networks Corp.

Hypercharge Networks is a leading provider of smart electric vehicle charging solutions that offers turnkey technology to multiunit residential and commercial buildings, fleet operations, and other rapidly growing sectors. Driven by its mission to accelerate EV adoption and enable the shift toward a carbon-neutral economy, Hypercharge is committed to providing seamless, simple charging solutions by offering industry-leading equipment and a robust network of public and private charging stations.

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