Mr. David Bibby reports

HYPERCHARGE GROWS TOTAL CHARGING PORTS BY OVER 45% THROUGH ACQUISITION OF EDDIE FROM AXSO

Hypercharge Networks Corp. has acquired charge point operator, Eddie, from AXSO, pursuant to an asset purchase agreement, with ownership effective May 1, 2026.

Launched by AXSO in April, 2024, Eddie is an EV (electric vehicle) energy management system and charging network operator designed in Quebec and in use across Canada, serving multiunit residential buildings, public and commercial applications.

The acquisition strengthens Hypercharge's presence in one of the most EV-friendly regions in Canada, the province of Quebec, which accounts for over 50 per cent of all Canadian zero-emission vehicle sales. The company is acquiring the Eddie brand together with customer contracts, customer relationships, brand assets, certain related intellectual property and other operating assets that support continuity of the business.

The transaction adds over 2,700 total ports delivered to Hypercharge's network, which are equivalent to approximately 45 per cent of Hypercharge's latest publicly disclosed total of more than 5,700 ports delivered, making Hypercharge one of the largest network operators in Canada. The expanded network is expected to increase recurring revenue while growing the number of ports connected to Hypercharge's network and supporting the company's focus on expanding its network footprint in Quebec and throughout Canada.

"Quebec represents the largest growth region in Canada for Hypercharge and the acquisition of Eddie is a strategic step in expanding Hypercharge's network and recurring revenue base," said David Bibby, president and chief executive officer of Hypercharge. "With more than 2,700 total ports under management being added through an established platform, the transaction is non-dilutive to shareholders, accretive on day 1 and strengthens our market position, creating a strong foundation for further growth in Quebec. This is another step of our capital deployment strategy to identify deals that accelerate our path toward profitability. We will continue to be opportunistic with capital deployment across North America and disciplined as our priority is profitable growth."

"This transaction between AXSO and Hypercharge marks a new chapter for Eddie," said Alexandre Berube, CEO of AXSO. "By leveraging each other's core competencies, the two organizations will be able to better accelerate Eddie's expansion in Quebec. This transaction will allow AXSO to maintain its focus on software innovation for EV charging solutions, while entrusting the growth of the Eddie network to Hypercharge, a trusted partner that shares the same vision of simple, accessible and efficient charging."

To support a seamless transition for customers and partners, Hypercharge and AXSO have also entered into a transition services agreement under which AXSO will provide certain transitional services for a defined period following closing. These services are expected to support continuity across key functions as Hypercharge advances integration and builds out its Quebec market presence.

Existing Eddie customers can expect uninterrupted continuity of service, and during the transition period, Hypercharge and AXSO will work together to support a seamless customer experience. Hypercharge will share any future updates with customers as the transition advances.

About Hypercharge Networks Corp.

Hypercharge Networks 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 (electric vehicle) adoption and enable the shift toward 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.

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