Vancouver, British Columbia - February 13, 2023 (Newsfile Corp.) (Investorideas.com Newswire) Hypercharge Networks Corp. (NEO: HC) (FSE: PB7) (the "Company" or "Hypercharge"), a leading, smart electric vehicle (EV) charging solutions provider, is pleased to announce it has been selected by Cressey Development Group to provide 110 Level 2 EV chargers to Format, a new residential building located at 1503 Kingsway, Vancouver, with installation due to be completed in Spring 2023.
Cressey Development Group is a real estate development company with over 50 years of experience, specializing in the construction of luxury residential and commercial spaces in British Columbia, Alberta, and Washington State. The company has a diverse portfolio of projects, including condominiums, retail, office, hotel, industrial, and mixed-use buildings, and has earned a reputation for quality design and construction.
"This project with Cressey reinforces Hypercharge's commitment to creating a more sustainable future and providing convenient and accessible charging options to all," said Chris Koch, Head of Growth and Partnerships at Hypercharge. "Cressey chose Hypercharge because of our positive track record on a previous project and the knowledge that our products fit their current and future needs."
Over 65% of condo owners have opted-in to have Hypercharge EV charging in their parking stalls, demonstrating a growing demand for critical charging infrastructure in residential buildings. With occupancy at Format due in Summer 2023, the majority of residents will have access to convenient and reliable EV charging.
"At Cressey, we pride ourselves on customer service and therefore our partner relationships must demonstrate the same values," said Nathan Gurvich, Senior Development Manager at Cressey Development Group. "Hypercharge has established equal principles and brought innovative EV charging solutions and local market knowledge to our projects, all of which deliver on our high expectations."
Hypercharge Networks Corp. (NEO: HC) (FSE: PB7) 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 company,
Hypercharge Networks Corp.
David Bibby, President & CEO
Kyle Green | Senior Marketing Manager
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 the timeline for the chargers to be installed at School District 52's two locations; and Canada's targets with respect to zero-emission vehicle adoption and emissions reduction. 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.
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