Hypercharge Announces Funding from Government of Canada for EV Charging Stations in Ontario

Published

Vancouver, British Columbia--(Newsfile Corp. - September 19, 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 receipt of $229,356 in funding through Natural Resources Canada's ("NRCan") Zero-Emission Vehicle Infrastructure Program ("ZEVIP") to support the growth of EV charging infrastructure across Ontario.

With the funding, Hypercharge will subsidize the cost of 48 of 56 Level 2 Hypercharge EV charging stations across 11 parking lots throughout Southern Ontario, to be installed by the end of 2024. Locations receiving chargers include East Gwillimbury (6), Clearview (20), Toronto (20), Mississauga (2), and Newmarket (8).

"We are tremendously grateful to be selected for this funding from NRCan to grow the availability of EV charging infrastructure and the adoption of electric vehicles in Ontario," said David Bibby, President & CEO of Hypercharge. "We recognize that parking lot locations in these municipalities remain underserved by EV charging, and this investment ensures that we take a proactive step in addressing that gap."

"We're making electric vehicles more affordable and charging more available where Canadians live, work and play," said the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources. "Investing in more EV chargers, like these ones in Ontario, will put more Canadians in the driver's seat on the road to a strong, healthy net-zero future."

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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 regarding the receipt of government subsidies and the timing of installing EV chargers. 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/181043

SOURCE Hypercharge Networks Corp.

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