Announcement Highlights:
- British Columbia to become the first province in Canada to be fully linked with electric vehicle (EV) charging stations
- First Greenscape EV installations will be completed within 30 days, with the entire province linked within one year
- Adds significant value to existing Greenscape energy retrofit contracts and strong future revenue growth potential
Greenscape Capital Group Inc. ("Greenscape") is pleased to announce that through its wholly owned subsidiary, Green.Switch Capital ("Green.Switch"), and in partnership with Garage Juice Bar, LLC ("The Juice Bar"), it is implementing Canada's first province-wide electric vehicle ("EV") charging station network. This network will be 100% privately financed and will link all of British Columbia through the installation of EV charging stations on properties owned or operated by existing Greenscape energy retrofit clients and on other third-party locations. The Juice Bar, a leader in EV charging station solutions, is also negotiating agreements with several large US municipalities to provide EV charging station networks through the Green Garage Initiative, a team of energy conservation and alternative energy innovators.
Greenscape's unique retrofit model has resulted in strong business relationships with an extensive network across multiple industries. Through these partnerships, Greenscape and The Juice Bar will be implementing single stall EV plug-in kiosks, installable at parking garages and other strategic locations. The implementation will fit seamlessly within the Greenscape network of energy efficiency clients. Greenscape and The Juice Bar will share revenue generated at these kiosks with their partners. EV plug-in kiosks create significant marketing advantages and brand-building opportunities for the current Greenscape partners installing them on location. Kiosk installations are targeted to become part of all future Greenscape energy retrofits in the parking industry.
As consumer demand rises and auto manufacturers across the board begin the rollout of Plug-in Hybrid Electric Vehicles (PHEVs) and full Electric Vehicles (EVs), the development of a reliable, efficient, and accessible network of EV charging stations will be crucial. Greenscape, through its strategic partnerships, is a pioneer in this effort and will complete its first installations within 30 days. A full, province-wide network is targeted for completion within one year from today.
Green.Switch CEO Ryan Skomorowski states, "Many of the major auto manufacturers are on track for electric vehicle production in the near term. There will be a growing demand for an easy and accessible network of EV charging stations, otherwise consumers will be limited to charging their electric vehicles at home. Through existing relationships with our retrofit clients, Green.Switch is in an excellent position to meet this coming demand. The roll out of this network is targeted to provide revenue for Green.Switch and its partners while also creating market differentiation and brand building opportunities for our current energy retrofit clients. Greenscape is proving that these networks can be financed by the private sector and this is a great example of a British Columbia based company creatively emerging as a market leader by targeting both energy efficiency and profitability in the same transactions."
Most automotive manufacturers are either currently producing or planning to produce Electric Vehicles (EV) or Plug-in Hybrid Electric Vehicles (PHEV). While widespread adoption of other alternatively fuelled vehicles would require significant infrastructure development, electricity is widely distributed throughout British Columbia and can support rapid adoption of EVs and PHEVs. Some estimates suggest that up to 60% of all vehicles purchased by 2025 will be plug-in hybrid electric or electric vehicles.
This project can be financed by existing company capital.
About Garage Juice Bar, LLC
Garage Juice Bar, LLC is a leader in electric vehicle (EV) charging station solutions; working with partners in the United States and Canada to provide innovative charging networks across multiple platforms. Garage Juice Bar is an active participant in the Green Garage Initiative, a team of energy conservation and alternative energy innovators. Garage Juice Bar, whose philosophy is "charge cars not people", is committed to the further development and deployment of EV charging stations throughout North America. The creation of an open-sourced platform for EV charging stations will support the integration of a vehicle-based transportation system that is not entirely dependent upon petroleum as a fuel.
About Greenscape Capital
Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Greenscape Capital owns 100% of Green.Switch Capital, a Canadian based energy retrofitting company focused on dramatically increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. Green.Switch provides full-service energy retrofitting for commercial clients. The Green.Switch energy retrofit process begins with the assessment of client issues and infrastructure, through to project design, capitalizing improvements, attaining government incentive grants when applicable, contracting, installation and monitoring. Revenue to Green.Switch is targeted during every phase of this process. When marked opportunities arise, Greenscape also invests in other companies that operate in the environmental space, providing strategic capital and business advisory services to assist companies in achieving their environmental and corporate goals.
ON BEHALF OF THE BOARD
Bryan Slusarchuk, CEO and Director
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding future revenues and contracts. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur, when they will occur, or if they do occur, what benefits the Company will obtain from them.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For more information, please contact
Greenscape Capital Group Inc.
1-604-687-7130
info@greenscapecapital.com
www.greenscapecapital.com
or
KIN communications
Investor Relations Contact
Toll Free: 1-866-684-6730
ir@kincommunications.com
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