20:11:13 EDT Wed 24 Apr 2024
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Hypercharge Networks Corp
Symbol HC
Shares Issued 61,901,429
Close 2023-02-01 C$ 0.45
Market Cap C$ 27,855,643
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Hypercharge to supply 11 EV charging stations to PEI

2023-02-02 13:30 ET - News Release

Mr. David Bibby reports

HYPERCHARGE SELECTED TO BRING EV CHARGING TO ALL PROVINCIAL CREDIT UNION BRANCHES IN PRINCE EDWARD ISLAND

Hypercharge Networks Corp. has been selected by Provincial Credit Union to supply a total of 11 dual-port Level 2 EV (electric vehicle) charging stations to its branches, with installations due to commence within Q1 2023.

Provincial Credit Union is the largest credit union in Atlantic Canada with $1.2 billion in assets and serving over 35,000 members across 10 branch locations across Prince Edward Island. With today's announcement, each Provincial Credit Union branch will soon have a Hypercharge dual-port charging station.

"We are thrilled to bring more electric vehicle charging to communities across Prince Edward Island, making the transition to electrified transportation easier for all," said Chris Koch, Head of Growth & Partnerships at Hypercharge. "Provincial Credit Union is a well-established and trusted brand in the region and is an organization listening to what its members care about and taking steps to look after and contribute to the vitality of its community. We look forward to working further with Provincial Credit Union to make PEI a leader in sustainable transportation."

"Helping to build sustainable communities is a key priority for Provincial Credit Union," said Bernard Gillis, CEO of Provincial Credit Union. "Through our partnership with Hypercharge, we will be able to bring charging stations to communities across the province, many of which do not currently have access to this type of technology."

The deal was completed in collaboration with Hypercharge Preferred Partner, Canadian Electric Vehicle Charging Solutions (CEVCS), who will manage installation of the chargers. CEVCS acts as a value-added reseller for the Company, interfacing with both the residential and commercial markets for those seeking to make an investment in EV charging infrastructure.

Hypercharge EV chargers will be available to all drivers across the province and will be free for all Provincial Credit Union members, and $2/hour for non-members. To enroll for free charging, members need to contact a Provincial Credit Union branch to indicate the email used to create their Hypercharge account. -##-

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/

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