Mr. David Bibby reports

HYPERCHARGE SURPASSES 5,000 CHARGING PORTS SOLD AND PROVIDES CORPORATE UPDATES HIGHLIGHTING KEY MILESTONES

Hypercharge Networks Corp. has provided a corporate update regarding milestone achievements in booked sales and registered app users, delivery of DC fast-charging stations to a Western Canadian energy infrastructure provider, the release date of the company's fiscal Q3 earnings, and changes to its board of directors.

Over 5,000 ports sold across North America

The company is pleased to announce that it has surpassed 5,000 charging ports sold across Canada and the United States, an increase of over 78 per cent compared with the three months ended Dec. 31, 2023, reinforcing Hypercharge's continued momentum in deploying charging infrastructure to meet the growing demand for electric vehicle adoption.

The company also nears 25,000 mobile app users, an increase of over 160 per cent compared with the three months ended Dec. 31, 2023. As of Feb. 6, 2025, over 24,600 users have registered for the Hypercharge mobile app, which connects them to both the Hypercharge network and roaming partners. Hypercharge users collectively charge more than 750,000 minutes each week.

Delivery of 76-fleet DC fast-charging ports for energy infrastructure provider

The company is pleased to announce it has completed the delivery from its sales backlog and recognized as revenue a total of 76 DC fast-charging ports to a Western Canadian energy infrastructure provider for use by its operational fleet.

The DC fast-charging ports delivered are from the previous announcements of 58-fleet DC fast-charging ports announced on Sept. 5, 2024, and 18-fleet DC fast-charging ports announced on Aug. 1, 2024.

Fiscal third quarter earnings release date

The company will provide additional insights into its performance, market outlook and strategy in the release of the company's financial statements and interim management's discussion and analysis for the fiscal third quarter ended Dec. 31, 2024, anticipated to be filed on SEDAR+ and made available on the company's website before or on March 3, 2025.

Changes to board of directors

The company announces today that Vitaly Golomb will be stepping down from the company's board of directors, effective Feb. 7, 2025.

"On behalf of Hypercharge, I want to sincerely thank Vitaly for his contributions over the past 2-1/2 years," said David Bibby, president and chief executive officer of Hypercharge. "His deep industry expertise and strategic insights, particularly in future mobility and energy transition, have helped shape our direction."

The board of directors and the company's senior leadership team would like to thank Mr. Golomb for his valuable contributions to Hypercharge and wish him well with his future endeavours.

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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