Hypercharge Launches Hypercharge Halo(TM) Level 2 EV Charging Station for Multi-Family and Commercial Properties, and Announces Equity Grants
- Launch of new Level 2 EV charging station with flexible power output up to 11.5 kW
- Product compatibility with both J1772 and NACS formats expands market reach
- Durable design with IP65 and IK08 protection standards suitable for various environments
- Modular components design reduces long-term maintenance costs
- Significant equity grants may lead to potential dilution for existing shareholders
- Low exercise price of $0.08 for stock options suggests current challenging market conditions
- Signature Halo LED provides instant charging status visibility
- Available in both J1772 and NACS formats
- Built with IP65 and IK08 durability for all-weather installation
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2025) - Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) (the "Company" or "Hypercharge"), a leading, smart electric vehicle (EV) charging solutions provider and network operator, is pleased to announce the launch of Hypercharge Halo™ ("Hypercharge Halo"), a new Level 2 EV charging station for multi-family, 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.
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"Property owners are looking for charging solutions that combine smart design with long-term value," said David Bibby, President and CEO 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 kW of charging capacity.
- Halo LED Indicator: A circular LED display communicates real-time charging status to users.
- Flexible Activation: Supports RFID, pre-installed QR code, Hypercharge mobile app, and Eevion™ activation methods.
- Connector Options: Available with either SAE J1772 or NACS connectors and an 18 ft standard cable, with a 25 ft option.
- Pre-Configured Hardware: Pre-configured 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 Lifecycle 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. For more information about the Hypercharge Halo™ Level 2 EV Charging Station, visit: https://hypercharge.com/solutions/level2/halo/.
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Issuance of Equity Grants
The Company also announces it has granted 1,303,965 stock options ("Options") to directors, officers, and employees. Each Option is exercisable to purchase one common share in capital of the Company (a "Common Share") at an exercise price of
The Company has also granted 370,000 restricted share units (each, a "RSU") 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 (each, a "PSU") to the Company's CEO. 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.
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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
Contact
Media & Investor Relations:
Kyle Kingsnorth, Head of Marketing
kyle.kingsnorth@hypercharge.com | +1 (888) 320-2633
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 the production, installation and intended use and benefits of Hypercharge Halo, and equity incentive issuances. 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/252024
FAQ
What are the key features of Hypercharge's new Halo EV charging station?
What type of properties is the Hypercharge Halo charging station designed for?
How many stock options did Hypercharge Networks (HCNWF) grant and at what price?
What equity incentives were granted to Hypercharge's CEO?
What charging connector options are available for the Hypercharge Halo station?
