Hypercharge to Supply 75 EV Charging Stations to Two PCI Rental Developments in East Vancouver

Vancouver, British Columbia--(Newsfile Corp. - July 6, 2023) - Hypercharge Networks Corp. (NEO: HC) (OTCQB: 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 by PCI Developments to provide 75 Level 2 charging stations across two rental buildings, Yarrow and Aster, located at 444 Kootenay Street and 435 Boundary Road in Vancouver, with installation scheduled for September 2023 and November 2023, respectively. This announcement marks the Company's second and third projects with PCI Developments, following the previous announcement of 748 charging stations for the King George Hub development.

PCI Developments, founded in 1982, is a Metro Vancouver real estate developer and investor specializing in urban mixed-use, commercial built-to-suit, and value-added repositioning of existing buildings. The new rental developments are under the municipal government's Moderate Income Rental Housing Pilot Program (MIRHPP) and combined will feature 212 rental units with 20% dedicated to below market units.

Hypercharge is working in partnership on the project with Nightingale Electrical, which will complete the installation of all charging stations. Nightingale Electrical, a Hypercharge Preferred Partner, offers electrical services, maintenance, and repair for both residential and commercial clients, with a commitment to providing quality workmanship and exceptional customer service.

"Continuing our trusted relationship with PCI Developments, we are delighted to power these two new projects with critical charging infrastructure," said Chris Koch, Head of Growth & Partnerships at Hypercharge. "Working together with PCI and Nightingale, we will deliver charging stations that minimize infrastructure requirements while meeting the requirements for the buildings' funding through the Rental Construction Financing Initiative program."

Natural Resources Canada invested over $280,000 in PCI Developments toward this project through its Zero Emission Vehicle Infrastructure Program.

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About Hypercharge

Hypercharge Networks Corp. (NEO: HC) (OTCQB: 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
invest@hypercharge.com
604-881-1730

Media Contact:
Kyle Green | Senior Marketing Manager
kyle.green@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. 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 expected EV charging station delivery, commercial partnerships and use of government incentive programs. 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 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/172465