Mr. David Bibby reports
HYPERCHARGE LAUNCHES HYPERCHARGE HALO(TM) LEVEL 2 EV CHARGING STATION FOR MULTI-FAMILY AND COMMERCIAL PROPERTIES, AND ANNOUNCES EQUITY GRANTS
Hypercharge Networks Corp. has launched Hypercharge Halo, a new Level 2 EV (electric vehicle) charging station for multifamily, commercial and workplace applications. Hypercharge Halo is designed to provide reliable EV charging capabilities with a durable construction and adaptable design for a variety of property types.
"Property owners are looking for charging solutions that combine smart design with long-term value," said David Bibby, president and chief executive officer of Hypercharge. "Hypercharge Halo is designed with durability, flexibility and reliability at its core, making it easy to integrate EV charging into residential and commercial spaces, today and into the future."
Design and features
Hypercharge Halo offers:
- Scalable charging power: adjustable output from 16 to 48 amps, delivering up to 11.5 kilowatts of charging capacity;
- Halo LED (light-emitting diode) indicator: a circular LED display communicates real-time charging status to users;
- Flexible activation: supports RFID (radio frequency identification), preinstalled QR (quick-scan) code, Hypercharge mobile app and Eevion activation methods;
- Connector options: available with either SAE J1772 or NACS connectors and an 18-foot standard cable, with a 25-foot option;
- Preconfigured hardware: preconfigured to Hypercharge's network specifications before shipping to support internal processing and readiness for deployment;
- Low-waste packaging: ships in recyclable packaging that contains no foam or single-use plastics.
Built for all environments
Hypercharge Halo is manufactured to IP65 ingress protection and IK08 impact protection standards, making it suitable for indoor and outdoor installation in a range of environmental conditions. Its compact form factor is intended to accommodate diverse property requirements.
Serviceability and life cycle management
Hypercharge Halo is designed with modular components to facilitate field servicing and potential upgrades, supporting extended operational life and reducing replacement costs over time.
Hypercharge Halo is now available for order to commercial, residential and workplace customers across North America.
Issuance of equity grants
The company also announces it has granted 1,303,965 stock options to directors, officers and employees. Each option is exercisable to purchase one common share in capital of the company at an exercise price of eight cents for a five-year term.
The company has also granted 370,000 restricted share units (RSUs) to directors. Each RSU entitles the holder thereof to receive, once vested, one common share.
The company has also granted 1,108,409 performance share units (PSUs) to the company's chief executive officer. Each PSU entitles the holder thereof to receive, once vested, one common share, subject to the achievement of specific performance-based milestones over a defined performance period.
Equity grants are governed by the terms of the company's equity incentive plan and are subject to the requirements of the TSX Venture Exchange.
About Hypercharge Networks Corp.
Hypercharge is a leading provider of smart EV 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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