Mr. David Bibby reports

HYPERCHARGE DELIVERS 200 CHARGING STATIONS TO KING GEORGE HUB DEVELOPMENT IN SURREY, BC

Hypercharge Networks Corp. has delivered from its sales backlog and recognized as revenue 200 of 778 charging stations for PCI Developments' King George Hub development in Surrey, B.C. The company began phased delivery in spring of 2024, with completion estimated by November, 2024.

King George Hub is a landmark mixed-use development that will provide over 760,000 square feet of office and retail space in multiple phases, as well as approximately 1.2 million square feet of residential space situated at the junction of up to three rapid transit lines.

Hypercharge was selected in March, 2023, by PCI Developments to provide 748 Level 2 charging stations, one for every residential parking space at King George Hub. In July, 2023, the company was selected to provide an additional 29 Level 2 charging stations and one dual-port DC (direct current) fast charger for use by visitors to commercial tenants.

"King George Hub's integrated, transit-oriented development is at the heart of the newly developed area in Surrey and Hypercharge is executing the delivery progress for this substantial order on schedule," said Chris Koch, head of growth and partnerships at Hypercharge. "This development truly supports the future of real estate by adding EV charging stations to every residential parking stall in the project. We continue to move forward on our delivery timeline for the project, adding to our growth and revenue momentum for the second half of 2024."

Hypercharge is completing the project in collaboration with Mott Electric, which is managing installation of all chargers and infrastructure requirements. Founded in 1930, Mott Electric, a Hypercharge preferred partner, is one of the oldest and largest electrical contracting companies in British Columbia's Lower Mainland.

About Hypercharge Networks Corp.

Hypercharge is a leading provider of smart electric vehicle (EV) charging solutions for 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 offering seamless, simple solutions, including industry-leading hardware, innovative and integrated software, and comprehensive services, backed by a robust network of public and private charging stations.

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