Hypercharge Announces New EV Charging Partnership with ParkCo and Results of 2022 Annual General Meeting

2022-12-02 19:49:26 By : Mr. Jason Lee

Hypercharge is transitioning 26 Lite-On EV charging stations onto its network, installing six chargers in a new Ontario development, and integrating with ParkCo's parking platform.

Vancouver, British Columbia and Kitchener, Ontario--(Newsfile Corp. - December 1, 2022) - Hypercharge Networks Corp. (NEO: HC) (the "Company" or "Hypercharge"), a leading, smart electric vehicle (EV) charging solutions provider, is pleased to announce it has established a new partnership with ParkCo and will convert 26 existing Lite-On chargers onto the Hypercharge EV charging network, install six new Level 2 charging stations in a ParkCo managed development, and develop integrations between the Hypercharge and ParkCo platforms.

ParkCo is a property technology company offering parking access and revenue control systems (PARCS) that leverage internet of things (IoT) sensor technology to analyze stall usage of a property in real time, enabling parking operations to be optimized and underutilized assets to be monetized.

Starting December 1, 2022, Hypercharge will transition the network of 26 existing Lite-On chargers located in Kitchener, Ontario onto the Company's network. As the existing chargers are OCPP-compliant, Hypercharge's advanced, open network is fully compatible and this transition will enable users of these charging stations to experience Hypercharge's simple, streamlined mobile app for quick charging activations.

For residents and visitors of Station Park, a mixed-residential development in Kitchener, Ontario, Hypercharge has installed six new Level 2 charging stations. Station Park is a high-end development that features residences as well as a number of dining and retail options, located in close proximity to high-tech employment centres located throughout Kitchener-Waterloo.

In 2023, Hypercharge plans to integrate with ParkCo's software, enabling EV drivers at ParkCo managed properties to interact with the parking facility and EV charging facilities via one user interface.

"Establishing this partnership with ParkCo ensures both technology companies are aligned in supporting the future of transportation infrastructure," said Chris Koch, Head of Growth & Partnerships at Hypercharge. "The parking lots of today are the refueling stations of tomorrow and we are excited to partner with ParkCo for immediate charging deployments and platform integrations in the new year."

"Partnering with Hypercharge presented ParkCo with an excellent opportunity to strengthen our service offering," said Bryan Hopps, CEO and Co-Founder of ParkCo. "Both companies have shown an incredible ability to adapt and remain agile in an ever-changing technological landscape with intelligent solutions designed to improve customer experience, streamline management, and optimize parking assets."

The Company is also pleased to announce the voting results from the Annual General and Special Meeting of shareholders held on November 28, 2022. The nominees listed in the Management Information Circular dated October 24, 2022 for the 2022 Annual General and Special Meeting of shareholders of the Company (the "Meeting") were elected as directors of the Company. A total of 15.07% of all of the issued and outstanding shares of Hypercharge were represented in person or by proxy at the Meeting.

At the meeting, the number of directors was set at five, and the five nominees set forth were elected as directors of the Company by a majority vote, as follows:

Please see the report of voting results filed under the Company's profile at www.sedar.com for the detailed results of all matters voted upon by shareholders at the Meeting.

Hypercharge Networks Corp. (NEO: HC) 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 Board, Hypercharge Networks Corp.

David Bibby, President & CEO

Investor Relations: invest@hypercharge.com 604-881-1730

Media Contact: Kyle Green | Senior Marketing Manager kyle.green@hypercharge.com

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 (i) the transition of the Lite-On chargers onto the Hypercharge network; and (ii) Hypercharge's integration with ParkCo's software in 2023. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146372

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