21:14:11 EDT Thu 28 Mar 2024
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Hypercharge Networks Corp
Symbol HC
Shares Issued 61,901,429
Close 2023-01-24 C$ 0.42
Market Cap C$ 25,998,600
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ORIGINAL: Hypercharge to Provide EV Chargers, Including Level 3 DC Fast Charging, to Municipal Properties in Devon, Alberta

The contract includes a local government office, community centre, and arena.

2023-01-25 13:08 ET - News Release

Vancouver, British Columbia and Devon, Alberta--(Newsfile Corp. - January 25, 2023) - Hypercharge Networks Corp. (NEO: HC) (FSE: PB7) (the "Company" or "Hypercharge"), a leading, smart electric vehicle (EV) charging solutions provider, is pleased to announce the Town of Devon, Alberta, has selected Hypercharge to provide EV charging to multiple municipal properties, with installation planned to be completed by March 2023. In total, one Level 3 DC Fast Charger and ten Level 2 charging stations will be installed.

Devon is a town in the Edmonton Metropolitan Region of Alberta. The project is leveraging the Municipal Climate Change Action Centre's (MCCAC) Electric Vehicle Charging Program to support the deployment of eleven Hypercharge EV charging stations throughout the community at the Municipal Office, Community Centre, and Dale Fisher Arena.

"This installation will provide public charging for local residents, as well as destination charging stations to promote tourism and economic activity within the town," said Chris Koch, Head of Growth & Partnerships at Hypercharge. "Our goal with this project was to deliver a turnkey charging solution, including installation, with hardware that met all requirements of the MCCAC's program to help the Town of Devon secure funding for 100% of the project's costs."

Hypercharge worked in partnership on the project with Sustainable Projects Group, which offers expertise from industry-leading energy auditors, engineers, and project managers focused on sustainable energy management and energy efficiency.

"We had the great pleasure of working with the Town of Devon's Environment and Sustainability division to successfully complete the funding application and installation," said Lance Giesbrecht, Operations Manager at Sustainable Projects Group. "Hypercharge's exceptional network and high-quality products will support the transition to sustainable transportation for the residents of the Town of Devon and surrounding communities."

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About Hypercharge

Hypercharge Networks Corp. (NEO: HC) (FSE: PB7) is a leading provider of smart electric vehicle (EV) charging solutions that offers turnkey technology to multi-unit 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 providing seamless, simple charging solutions by offering industry-leading equipment and a robust network of public and private charging stations. Learn more: https://hypercharge.com/

Hypercharge Networks Corp.
David Bibby, President & CEO

Investor Relations:
invest@hypercharge.com
604-881-1730

Media Contact:
Kyle Green | Senior Marketing Manager
kyle.green@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. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning Hypercharge's installation of eleven charging stations in the Town of Devon, and the anticipated timing thereof. 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 the respective 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 NEO Exchange nor its Market Regulator (as that term is defined in policies of the NEO Exchange) 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/152327

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