Hypercharge Networks Corp. announce it has been selected by ParkCo to supply 58 Level 2 charging stations to The Gaslight Condominiums development in Cambridge, ON, with installation due to be completed in Third Quarter 2023. This announcement marks the Company's fourth project with ParkCo since the announcement of a partnership agreement in December 2022.

ParkCo is a property technology company offering parking access and revenue control systems (PARCS) that leverage internet of things (IoT) sensor technology to analyze stall usage of a property in real time, enabling parking operations to be optimized and underutilized assets to be monetized. The deal closed in collaboration with Hypercharge Preferred Partner, Signature Electric, which will complete the installation of all charging stations. Funding for the project was sourced with the assistance of Peak Power, a cleantech company that deploys, operates and optimizes battery storage, grid-interactive buildings, and electric vehicles under a single software platform.

Natural Resources Canada invested financial support toward this project through its Zero Emission Vehicle Infrastructure Program.