Mr. David Bibby reports
HYPERCHARGE ANNOUNCES INFERNO SOLAR EV CHARGING CONTRACT AND APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER
Hypercharge Networks Corp. has been selected to provide 20 Level 2 electric vehicle charging stations to Inferno Solar locations throughout Western Canada.
Inferno Solar, an Edmonton-based EV and solar charging solutions provider, was founded in 2019 and has to date installed more than 10,000 solar panels, providing more than 4,700 megawatt-hours of power annually.
"Inferno Solar is a company that truly lives and breathes its values around reducing carbon emissions and bringing sustainable solutions to the market," said Chris Koch, head of growth and partnerships at Hypercharge. "Our alignment with other Canadian-founded, sustainability-focused businesses, such as Inferno Solar, further strengthens our goal towards a carbon-neutral economy that enriches the market with clean, forward-thinking technology to power our future."
Inferno Solar worked closely with Hypercharge to leverage the government of Canada's Zero Emission Vehicle Infrastructure Program (ZEVIP) which covers up to 50 per cent of total project costs.
Appointment of new chief financial officer
The company is also pleased to announce the appointment of Navraj Dosanjh as the company's full-time chief financial officer. In connection with the appointment of Mr. Dosanjh, the company has approved a grant of 200,000 incentive stock options and 100,000 restricted share units pursuant to the company's equity incentive plan. The options are exercisable at a price of 50 cents per share for a three-year term and the RSUs are to vest over a period of two years.
"We are thrilled to welcome Nav as our new full-time CFO and member of the executive team. His expertise and experience will be invaluable as we continue to grow and scale the business," said David Bibby, chief executive officer of Hypercharge. "I would also like to take this opportunity to thank our outgoing CFO, Kara James, for her professional and exemplary service to the company and we wish her all the best in her future endeavours."
About Hypercharge Networks Corp.
Hypercharge Networks is a leading provider of smart electric vehicle (EV) 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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