November 21, 2022 – Vancouver, BC & Sylvan Lake, AB – Hypercharge Networks Corp. (NEO: HC) (the “Company” or “Hypercharge”), a leading, smart electric vehicle (EV) charging solutions provider, is announcing that it is on track to deliver its first DC fast charging station by December 2022. The installation will take place at the NexSource Centre located at the Sylvan Lake Multi-Plex in Sylvan Lake, Alberta. The deployment will include one Level 3 and ten Level 2 chargers.
The NexSource Center is the latest addition to a multi-building development in Sylvan Lake and includes a hockey arena, five-sheet curling rink, senior center, indoor track, children’s play area, multi-purpose rooms, lounge, and food concessions.
“Level 3, also known as DC fast charging, is the fastest charging option available. They are often deployed for commercial fleets, but there is growing demand for public installations to make it easier for EV owners to keep their cars charged and ready to go when needed,” said David Bibby, CEO of Hypercharge. “Destination charging with Level 3 is a significant value-add to communities by helping to increase local economic activity.”
The Town of Sylvan Lake is leveraging the Municipal Climate Change Action Centre’s (MCCAC) Electric Vehicle Charging Program to offset the cost for the installation. This program was available to municipalities within Alberta to promote the installation of EV charging stations in public places, on-street locations, municipal workplaces, and for municipal vehicle fleets. The program has since expanded with the introduction of the SouthGrow Electric Vehicle Charging Program, now open to all municipalities, businesses and other organizations in Alberta.
“When selecting the best EV charging option for a site, many factors must be considered,” added Bibby. “Ensuring access to charging options in public spaces can help increase adoption of electric vehicles by reducing range anxiety. We are seeing support for this from all levels of government as Canada moves toward its commitment to move to zero-emission vehicles by 2035.”
Hypercharge was able to provide a service plan and charging hardware that met all requirements of the MCCAC’s program to help the Town of Sylvan Lake secure funding for 100% of project costs.
Hypercharge Networks Corp. (NEO: HC) is a leading provider of smart electric vehicle (EV) charging solutions to multi-unit residential, commercial, retail, and fleet operators. 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/
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities referenced herein in the United States or any other jurisdiction, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
On behalf of the Board,
Hypercharge Networks Corp.
David Bibby, President & CEO
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 deployment of charging stations at the Sylvan Lake Multi-Plex and the effect of increased access to charging options in public spaces. 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.
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