Hypercharge Grows Total Charging Ports by over 45% Through Acquisition of Eddie from AXSO

About this update from Hypercharge Networks Corp.

[{"type":"text","content":"Hypercharge Grows Total Charging Ports by over 45% Through Acquisition of Eddie from AXSOAcquisition grows Hypercharge presence in Québec, adds over 2,700 total ports under management, and expands recurring network revenue\nVANCOUVER, British Columbia, May 04, 2026 (GLOBE NEWSWIRE) -- Hypercharge Networks Corp. (TSXV: HC; OTC: HCNWF; FSE: PB7) (the “Company” or “Hypercharge”), a leading, smart electric vehicle (EV) charging solutions provider and network operator, is pleased to announce that it has acquired charge point operator, Eddie, from AXSO, pursuant to an asset purchase agreement, with ownership effective May 1, 2026. Launched by AXSO in April 2024, Eddie is an EV energy management system and charging network operator designed in Québec and in use across Canada, serving multi-unit residential buildings, public, and commercial applications. The acquisition strengthens Hypercharge’s presence in one of the most EV-friendly regions in Canada, the province of Québec, which accounts for over 50% of all Canadian zero-emission vehicle sales. The Company is acquiring the Eddie brand together with customer contracts, customer relationships, brand assets, certain related intellectual property, and other operating assets that support continuity of the business. The transaction adds over 2,700 total ports delivered to Hypercharge’s network, which are equivalent to approximately 45% of Hypercharge’s latest publicly disclosed total of more than 5,700 ports delivered, making Hypercharge one of the largest network operators in Canada. The expanded network is expected to increase recurring revenue while growing the number of ports connected to Hypercharge’s network and supporting the Company’s focus on expanding its network footprint in Québec and throughout Canada. “Québec represents the largest growth region in Canada for Hypercharge and the acquisition of Eddie is a strategic step in expanding Hypercharge’s network and recurring revenue base,” said David Bibby, President and CEO of Hypercharge. “With more than 2,700 total ports under management being added through an established platform, the transaction is non-dilutive to shareholders, accretive on day one, and strengthens our market position, creating a strong foundation...

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