Hypercharge Announces Launch of Carbon Credit Program

Vancouver, British Columbia--(Newsfile Corp. - November 1, 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 the availability of its Carbon Credit Program, starting in British Columbia. This innovative program is designed to grow the earning potential of select commercial and multifamily properties equipped with Hypercharge EV charging stations by administering carbon credits every time a charger is used.

At the core of the Hypercharge Carbon Credit Program is the effortless process of earning carbon credits. Once a property installs Hypercharge EV charging, it immediately starts generating credits as drivers utilize the station. These credits accrue throughout the calendar year, culminating in a reward in the form of a cash payout or equipment credit at year's end.

"The Hypercharge Carbon Credit Program honours our dual commitment to fostering financial growth for our customers, while advancing environmental sustainability," said Chris Koch, Head of Growth & Partnerships at Hypercharge. "By managing all of the complexities of carbon credit tracking, purchasing, and selling, we're enabling our customers to effortlessly augment their charging revenue while making a positive impact on the environment."

Unique features of the Hypercharge Carbon Credit Program include:

• Simplified Administration: Hypercharge handles all the administrative tasks related to carbon credits, providing a hassle-free experience for participants.
• Aggregated Benefits: By consolidating energy across all charging sites, the program boosts credit accumulation, secures better prices per credit, and amplifies the rewards for every participant.
• Reward Flexibility: Participants can opt for a cash payout or reinvest in additional Hypercharge EV Charging Stations through an equipment credit, thereby expanding their earning potential further.

At launch, the Hypercharge Carbon Credit Program is exclusively available to commercial properties or multifamily buildings with 5 or more units located in British Columbia. The program will expand across North America starting in 2024. Existing Hypercharge customers can reach out to their Hypercharge sales representative for more information on how this initiative can enhance their charging revenue.

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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:
invest@hypercharge.com

Media Contact:
Kyle Kingsnorth | Senior Marketing Manager
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. 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 regarding the sale, delivery and installation of EV chargers and Hypercharge's Carbon Credit Program. 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 NEO Exchange Inc. nor its Market Regulator (as that term is defined in policies of NEO Exchange Inc.) 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/185824