Hypercharge Networks Corp (OTCMKTS:HCNWF) Stock Continues To Trend Lower

The electric vehicle charging solutions industry is growing at a fairly remarkable clip and if you are looking into companies in the sector then you could consider tracking Hypercharge Networks Corp (OTCMKTS:HCNWF). It is a leader in the smart electric vehicle charging solutions space and yesterday the company made a major announcement.

Trading Data

On Monday, HCNWF stock fell 5.39% to $1.4700 with more than 299.33K shares, compared to volume of 1.59 million shares. The stock moved within a range of $1,59 after opening trade at $1.5500.

Hypercharge to Provide EV Charging Stations to Alberta Motor Association

It announced that the Alberta Motor Association selected it for providing six Level 2 charging stations at two locations. The locations in question are Calgary Blackfoot and Edmonton Contact Center and the installation of the charging stations is expected to be completed at some point in the second quarter of 2023.

It should be noted that the Alberta Motor Association is a not for profit organization and provides a range of services starting from roadside assistance, registry, insurance and travel services among others. At this point, it boasts of as many as 975000 members. The Head of Growth and Partnerships at Hypercharge Networks, Chris Kock, spoke about the partnership as well.

He noted that the company was thrilled at the prospect of partnering with the Alberta Motor Association and went on to add that the company looked forward to providing convenient charging facilities for the employees of the organization.