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Hypercharge Announces EV Charging for Cressey Development Group Commercial Real Estate Development

Newsfile Corp.
·2 min read

Vancouver, British Columbia--(Newsfile Corp. - May 21, 2024) - Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) (the "Company" or "Hypercharge"), a leading, smart electric vehicle (EV) charging solutions provider and network operator, is pleased to announce it has signed an agreement with Cressey Development Group ("Cressey") to install 23 Level 2 EV charging stations at Diagram, a new commercial real estate development in Coquitlam, British Columbia, with installation due to be completed in Q3 2024.

Cressey is a real estate development company with over 50 years of experience, specializing in the construction of luxury residential and commercial spaces in British Columbia, Alberta, and Washington State. Cressey has a diverse portfolio of projects, including condominiums, retail, office, hotel, industrial, and mixed-use buildings, and has earned a reputation for quality design and construction.

Diagram offers 58,000 sq. ft. of office and retail space in a brand-new building on Coquitlam Centre's vibrant Glen Drive. Highlights include 11-foot exposed ceilings, end-of-trip facilities, secured bike storage lockers, outdoor private & common spaces, and Hypercharge EV charging stations.

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"Furthering our partnership with Cressey, which to date has seen the installation of 120 EV charging stations across three developments, we are excited to add Diagram to our list of sites powered by Hypercharge," said Chris Koch, Head of Growth & Partnerships at Hypercharge. "Cressey's innovative approach of pre-selling EV charging stalls to commercial tenants within Diagram ensures that tenants have access to a definitively local, reliable, and customer service-dedicated EV charging network. Our smart load-sharing technology also helps save on electrical infrastructure costs, making this a smart and efficient solution for the property."

About Hypercharge

Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) 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 towards 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. Learn more: https://hypercharge.com/.

On behalf of the Company,

Hypercharge Networks Corp.
David Bibby, President & CEO

Contacts

Investor Relations:
Chris Tyson | Executive Vice President | MZ Group
invest@hypercharge.com | (949) 491-8235

Media Contact:
Kyle Kingsnorth | Head of Marketing | Hypercharge
kyle.kingsnorth@hypercharge.com

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. More particularly and without limitation, this news release contains forward-looking statements regarding contractual performance and the expected timing and deliver of charging stations. 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. 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 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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209793