Mr. David Bibby reports

HYPERCHARGE TO PROVIDE 58 EV CHARGING STATIONS TO CONDOMINIUM DEVELOPMENT IN CAMBRIDGE, ONTARIO

Hypercharge Networks Corp. has been selected by ParkCo to supply 58 Level 2 charging stations to The Gaslight Condominiums development in Cambridge, Ont., with installation due to be completed in Q3 2023. This announcement marks the company's fourth project with ParkCo since the announcement of a partnership agreement in December, 2022.

ParkCo is a property technology company offering parking access and revenue control systems (PARCS) that leverage Internet of Things (IoT) sensor technology to analyze stall usage of a property in real time, enabling parking operations to be optimized and underutilized assets to be monetized.

The deal closed in collaboration with Hypercharge Preferred Partner, Signature Electric, which will complete the installation of all charging stations. Financing for the project was sourced with the assistance of Peak Power, a clean technology company that deploys, operates and optimizes battery storage, grid-interactive buildings and electric vehicles under a single software platform. Natural Resources Canada invested financial support toward this project through its Zero Emission Vehicle Infrastructure Program.

"We are excited to continue our partnership with ParkCo to bring our smart charging solutions to The Gaslight Condominiums," said Chris Koch, head of growth and partnerships at Hypercharge. "Together with Signature Electric and Peak Power, we look forward to proving a comprehensive and seamless charging experience for residents and visitors alike."

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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