Hypercharge Announces Partnership with Mattamy Homes Limited for EV Charging Stations in Multifamily Developments
Rhea-AI Summary
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) has signed a master product agreement with Mattamy Homes to supply EV charging stations to multifamily developments in the Greater Toronto Area. Mattamy has placed an initial order for 323 Level 2 EV charging stations, with deliveries scheduled to begin in Summer 2024 and continue over a two-year period.
Mattamy Homes, North America's largest privately owned homebuilder, will integrate Hypercharge's solutions into new developments. The partnership aims to provide seamless EV charging solutions for homeowners, aligning with both companies' commitment to sustainability. Hypercharge will also provide educational materials in Mattamy Design Studios across the Greater Toronto Area to help future homeowners integrate EV charging solutions into their homes.
Positive
- Secured partnership with North America's largest privately owned homebuilder
- Initial order of 323 Level 2 EV charging stations
- Two-year delivery schedule indicates long-term commitment
- Expansion into residential market segment
- Opportunity for increased visibility through Mattamy Design Studios
Negative
- None.
News Market Reaction – HCNWF
On the day this news was published, HCNWF declined 0.86%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) (the "Company" or "Hypercharge"), a leading, smart electric vehicle (EV) charging solutions provider, is pleased to announce it has signed a master product agreement with Mattamy Homes Limited ("Mattamy Homes" or "Mattamy") to supply EV charging stations to multifamily developments currently under construction by Mattamy's GTA Urban Division in the Greater Toronto Area. Mattamy has placed an initial order for 323 Level 2 EV charging stations with deliveries scheduled to begin starting Summer 2024 and continuing over a two-year period.
Mattamy Homes is the largest privately owned homebuilder in North America and is Canada's largest new home construction and development firm, with 45 years of operations history across Canada and the United States. Every year, Mattamy helps more than 8,000 families realize their dream of home ownership. In the United States, Mattamy is present in 11 markets – Dallas, Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its U.S. head office is located), Tampa, Sarasota, Naples and Southeast Florida – and in Canada, its communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton.
"We are honoured to partner with Mattamy Homes, a leader in North American home building, to bring Hypercharge charging solutions to new developments across the Greater Toronto Area, delivering on a partnership formed from a shared commitment to transparency and flexibility, and a dedication to offering only exceptional customer service," said Chris Koch, Head of Growth & Partnerships at Hypercharge. "In our mission to drive a fully carbon neutral future where every EV has place to charge, nowhere is better suited than right at home."
"To Mattamy Homes, this partnership with Hypercharge is a wonderful example of our common commitment to a more sustainable future, ensuring that our homeowners have a seamless EV charging solution," said Mohammad Haque, Sustainability Manager of Mattamy Homes Canada, GTA Urban Division. "We understand the rising demand for electric vehicle solutions, and this partnership puts us in a place where we can be proactive and provide our customers the best experience possible, while working toward a low-carbon future."
As part of this master product agreement, Hypercharge will also enhance customer engagement by providing educational materials in Mattamy Design Studios located across the Greater Toronto Area. This strategic placement will enable future homeowners to explore and integrate EV charging solutions seamlessly into their dream homes at the design stage.
About Hypercharge
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) 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 towards 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. Learn more: https://hypercharge.com/.
On behalf of the Company,
Hypercharge Networks Corp.
David Bibby, President & CEO
Contacts
Investor Relations:
Chris Tyson | Executive Vice President | MZ Group
invest@hypercharge.com | (949) 491-8235
Media Contact:
Kyle Kingsnorth | Head of Marketing | Hypercharge
kyle.kingsnorth@hypercharge.com
Forward-Looking Statements
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. More particularly and without limitation, this news release contains forward-looking statements regarding contractual performance and the expected timing, delivery and installation of EV charging stations. Forward-looking statements are often identified by terms such as "may", "could", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions which are intended to identify forward-looking statements. 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 management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218156
FAQ
How many EV charging stations did Mattamy Homes order from Hypercharge (HCNWF)?
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What type of agreement did Hypercharge (HCNWF) sign with Mattamy Homes?
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