Hypercharge Networks (NEO:HC) (FSE:PB7) has been selected by Cressey Development Group to provide EV chargers at one of its new residential buildings. Hypercharge will 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.
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Hypercharge Networks Corp. (NEO:HC) (FSE:PB7), a leading, smart electric vehicle charging solutions provider, has been selected by Cressey Development Group to provide EV chargers at one of its new residential buildings.
Hypercharge will 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, 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, has a diverse portfolio of projects, including condominiums, retail, office, hotel, industrial, and mixed-use buildings, earning a reputation for quality design and construction.
Chris Koch, Head of Growth and Partnerships at Hypercharge, stated: "This project with Cressey reinforces Hypercharge's commitment to creating a more sustainable future and providing convenient and accessible charging options to all. 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."
More than 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.
Nathan Gurvich, Senior Development Manager at Cressey Development Group, added: "At Cressey, we pride ourselves on customer service and therefore our partner relationships must demonstrate the same values. 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."
If you’re looking to offer EV charging at your facility, please download the company’s Quick Start guide, which covers the 6 steps you’ll need to take to successfully implement EV charging for your business, workplace, apartment/condo building, or fleet.
Hypercharge offers a number of options:
• Direct Purchase Model - (management included)
• Flexible Lease Model - (to reduce upfront capital costs)
• Complete Turnkey Charging as a Service - (CaaS)
The shares, which began trading on the NEO Exchange on November 16th, are currently trading at $0.44.
For more information, please visit the company’s website at www.hypercharge.com, contact Investor Relations at 604-881-1730 or email invest@hypercharge.com.
