Mr. David Bibby reports

HYPERCHARGE COMPLETES DELIVERY OF 778 CHARGING STATIONS TO KING GEORGE HUB DEVELOPMENT IN SURREY, BC

Hypercharge Networks Corp. has completed delivery from its sales backlog and has recognized as revenue an additional 577 Level 2 charging stations and one dual-port DC fast-charging station for PCI Developments' King George Hub development in Surrey, B.C.

In fiscal first quarter 2024, 200 Level 2 charging stations were delivered to the King George Hub development. An additional 400 Level 2 charging stations were delivered during fiscal second quarter, and the remaining 177 Level 2 charging stations and one dual-port DC fast-charging station were delivered in fiscal third quarter, bringing the total to 778 charging stations delivered.

King George Hub is a landmark mixed-use development that will provide over 760,000 square feet of office and retail space in multiple phases, as well as approximately 1.2 million square feet of residential space situated at the junction of up to three rapid transit lines.

"Completing the delivery of all 778 charging stations to King George Hub marks a significant milestone for both Hypercharge and for sustainable urban development as a whole," said Chris Koch, head of growth and partnerships at Hypercharge. "This project exemplifies how collaboration between forward-thinking developers and innovative technology providers can create communities that are ready for the future of transportation. We're proud to have played a role in making King George Hub one of the most [electric vehicle]-ready destinations in the region."

Hypercharge was selected in March, 2023, by PCI Developments to provide 748 Level 2 charging stations, one for every residential parking space at King George Hub. In July, 2023, the company was selected to provide an additional 29 Level 2 charging stations and one dual-port DC fast-charging station for use by visitors to commercial tenants.

About Hypercharge Networks Corp.

Hypercharge is a leading provider of smart electric vehicle charging solutions for residential and commercial buildings, fleet operations, and other rapidly growing sectors. Driven by its mission to accelerate EV 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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