Vancouver, British Columbia and Brampton, Ontario – December 13, 2022 – Hypercharge Networks Corp. (NEO: HC) (the “Company” or “Hypercharge”), a leading, smart electric vehicle (EV) charging solutions provider, is pleased to announce it has been selected to provide its solutions to fleet operator Charger Logistics Inc., an Ontario-based logistics service provider. To date, Hypercharge has delivered 10 JuiceBar Gen 3 Level 2 EV chargers to various Charger Logistics locations across Southern Ontario.
Charger Logistics is focused on meeting the demands of a complex, interconnected world while reducing supply chain inefficiencies and waste. It provides comprehensive network coverage across the United States and Canada and offers solutions for all product sizes, weights, and sensitivities, with minimal limits.
“With fleet electrification a necessary transition, deployment of charging solutions should be optimized for both the present and future needs of the company,” said Chris Koch, Head of Growth & Partnerships at Hypercharge. “This means not only combining the right hardware and software, which is proactively serviced and maintained, but also ensuring that it is flexible enough to scale with the needs of the company and expand with growth.”
Canada’s greenhouse gas emissions reduction target for the transportation sector is 12 megatonnes of carbon dioxide by 2030. Of this, Canada is aiming for seven megatonnes of emissions reductions to come from light-duty commercial vehicles by 2030, according to PwC. A similar trend is also reflected in the U.S., with a 2020 report from McKinsey predicting that the market for fleet-charging services in the U.S. could reach $15 billion by 2030.
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About Hypercharge
Hypercharge Networks Corp. (NEO: HC) 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/
On behalf of the Board,
Hypercharge Networks Corp.
David Bibby, President & CEO
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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 (i) Hypercharge’s partnership with Charger Logistics; and (ii) the growth of the market for fleet-charging services in the U.S and Canada. 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.