Business
Hypercharge Announces EV Charging at Two Tricon Residential Properties and Public Listing on The Frankfurt Stock Exchange
Vancouver, British Columbia and Toronto, Ontario--(Newsfile Corp. - December 15, 2022) - Hy...
About this update from Hypercharge Networks Corp.
[{"type":"text","content":"Hypercharge Announces EV Charging at Two Tricon Residential Properties and Public Listing on The Frankfurt Stock ExchangeVancouver, British Columbia and Toronto, Ontario--(Newsfile Corp. - December 15, 2022) - Hypercharge Networks Corp. (NEO: HC) (FSE: PB7) (the \"Company\" or \"Hypercharge\"), a leading, smart electric vehicle (EV) charging solutions provider, is announcing that it has signed a deal with Tricon Residential Inc. (\"Tricon\") to provide EV charging to two of its mixed-use commercial and residential properties. Tricon owns and operates a growing portfolio of close to 39,000 single-family rental homes and multi-family rental apartments in the United States and Canada, with a primary focus on the U.S. Sun Belt. Tricon is committed to improving the resident experience using technology and incorporates this into all areas of its business.The Company will provide nine Level 2 charging ports across two of Tricon's iconic Canadian properties in the heart of downtown Toronto: The Selby, located just a short walk from Yorkville, and The Taylor, which sits right in the center of the fashion and entertainment district.\"We worked closely with the team at Tricon to determine what charging solutions would best suit the needs of both visitors and residents. Level 2 EV chargers are a flexible option that can easily provide a full charge overnight for residents, or a significant top-up in just a few hours while the driver is shopping or visiting friends or family,\" said Chris Koch, Head of Growth & Partnerships at Hypercharge. \"Mixed-use residential buildings are quickly recognizing the potential benefits of having EV charging on site, particularly in urban environments where EVs are becoming increasingly popular.\"Natural Resources Canada estimates in a 2022 report that EV adoption is expected to reach 60% in Canada by 2030, with the U.S. expected to reach 52% adoption as well that same year, according to Bloomberg NEF.Public Listing on the Frankfurt Stock ExchangeHypercharge is also pleased to announce the listing of the Company's common shares on the Frankfurt Stock Exchange (\"FSE\") under the symbol 'PB7'. The Company's common shares are now cross listed on the NEO Exchange and the FSE.One of the largest international trading hubs for securities, the Frankfurt Stock Exchange (FSE) accounts for about 90% of all sec...