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Hypercharge to Retrofit EV Charging at Downtown Vancouver Residential Property

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, BC – April 17, 2023 – Hypercharge Networks Corp. (NEO: HC; OTC: HCNWF; FSE: PB7) (the “Company” or “Hypercharge”), a leading, smart electric vehicle (EV) charging solutions provider, is pleased to announce that it has been selected to retrofit 58 Level 2 EV charging stations into the existing parking lot of multi-unit residential building, Icon 2, with installation now underway.

Icon 2, a 12-story, 53-unit condominium building located at 633 Kinghorne Mews, Vancouver, was built in 2006 by Concord Pacific. Of the 58 new Level 2 EV charging stations to be installed, 56 will be in residents’ parking stalls and 2 will be available for guest use in visitor parking.

“We are delighted to work with the strata’s agent, Rancho Management Services, to bring Hypercharge EV charging to the residents and visitors of Icon 2,” said Chris Koch, Head of Growth & Partnerships at Hypercharge. “One of the project’s key requirements included OCPP-compliant networking, and Hypercharge is proud to offer Rancho our fully open, hardware agnostic network that meets their needs.”

Rancho Management Services worked in partnership with Hypercharge to secure BC Hydro and CleanBC’s EV charging rebate for the project, which is funded by the Government of B.C.’s Ministry of Energy, Mines and Low Carbon Innovation, and the Government of Canada.

“We appreciate the flexibility Hypercharge offered, which allows us to transition our large complex without imposing operational cost on residents yet to acquire an EV,” said Tom Hsieh, Icon Strata Council Treasurer. “Chris was also knowledgeable and easy to work with.”

Hypercharge will complete the project in collaboration with Mott Electric, which will manage 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 B.C.’s Lower Mainland.

 

Private Placement

The Company also wishes to inform shareholders that its non-brokered private placement of units of the Company (the “Offering”), as announced on April 6, 2023, is still underway. The Company will provide a further update once the Offering has completed or as otherwise may be required in accordance with applicable law and the policies of the NEO Exchange.

 

The securities to be issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

 

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About Hypercharge

Hypercharge Networks Corp. (NEO: HC; OTC: HCNWF; 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/ 

 

On behalf of the company,

Hypercharge Networks Corp.

David Bibby, President & CEO

 

Investor Relations:

Kelsey Letham | Head of Investor Relations

604-881-1730

Media Contact:

Kyle Green | Senior Marketing Manager

 

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 the Company’s installation of 55 Level 2 EV charging stations at Icon 2 and the timing thereof and the Offering. 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.

Neither the NEO Exchange nor its Market Regulator (as that term is defined in policies of the NEO Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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