Hypercharge receives order for 58 fast-charging ports
2024-09-05 18:01 ET - News Release
Mr. David Bibby reports
HYPERCHARGE ANNOUNCES 58 ADDITIONAL FLEET DC FAST CHARGING PORTS FOR ENERGY INFRASTRUCTURE PROVIDER IN WESTERN CANADA
Hypercharge Networks Corp. has received an additional order of 58 DC (direct-current) fast-charging ports from a Western Canadian energy infrastructure provider for use by its operational fleet, worth an estimated $3-million to $4-million, with cost and gross margins anticipated to be in line within the company's typical profit range. Delivery of the order is anticipated to commence in winter, 2024, and revenue is to be recognized by the company upon delivery of the charging stations.
This announcement furthers the company's partnership with the Western Canadian energy infrastructure provider previously announced by the company on Dec. 5, 2023. The 58 DC fast-charging ports to be delivered is in addition to the previous orders of 18 fleet DC fast-charging ports announced on Aug. 1, 2024, and up to 12 public DC fast-charging locations to be deployed across urban and rural areas in Western Canada, announced on Dec. 5, 2023.
"This expanded order demonstrates the growing demand and confidence our partners have in Hypercharge's ability to deliver reliable, large-scale charging solutions tailored to fleet needs," said David Bibby, president and chief executive officer of Hypercharge. "We are proud to support the shift to fully electrified fleets by providing fleet operators and energy companies with the fast-charging infrastructure they need for reliable operation and to achieve their sustainability goals."
About Hypercharge Networks Corp.
Hypercharge is a leading provider of smart electric vehicle (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.