CARSON CITY, NV - (NewMediaWire) - June 17, 2024 - LeapCharger Corporation (OTC: LCCN) ("LeapCharger” or the "Company"), an electric vehicle (EV) charging company renowned for its disruptive and innovative technology providing eco-friendly and sustainable solutions, is excited to announce the signing of a Memorandum of Understanding (the “MOU”) to form a strategic partnership with FullyCharged Electrical Fitting, a leading provider of electrical installation services based in Dubai. This collaboration marks a significant milestone in the expansion of Dubai's electric vehicle ecosystem and underscores both companies' commitment to sustainability and innovation.

FullyCharged Electrical Fitting specializes in offering comprehensive installation services for residential, commercial, and public EV charging stations. Their expertise in designing and installing efficient and reliable EV charging infrastructure aligns perfectly with LeapCharger’s mission to accelerate the adoption of electric vehicles worldwide.

“This partnership is a critical step in achieving our goal of creating a sustainable future by advancing electric vehicle infrastructure,” said Praveenkumar Vijayakumar, CEO of LeapCharger Corporation. “By combining our innovative technology with comprehensive installation services, we are set to transform the EV landscape in Dubai and beyond.” 

LeapCharger's strategic partnership focuses on providing end-to-end solutions for residential, commercial, and public EV charging stations. This includes everything from initial site assessment and planning to installation and ongoing maintenance. This holistic approach ensures that each EV charging station meets the specific needs of its clients while adhering to the highest safety standards.

The purpose of the MOU is to establish a framework of cooperation to collaboratively build and expand the electric vehicle (EV) charging network across the United Arab Emirates (UAE), the Gulf Cooperation Council (GCC) countries, and the broader MENA region. This endeavor underscores LeapCharger’s commitment to promoting sustainable transportation solutions and driving the adoption of electric vehicles in the region.

This partnership represents a significant step forward in the evolution of Dubai's electric vehicle ecosystem. By combining their expertise and resources, LeapCharger is poised to make a lasting impact on the future of transportation in the region.

Completion of the transaction detailed in the MOU remains subject to a number of conditions, including satisfactory due diligence, entry into a definitive agreement, and, as necessary, other conditions customary for transactions of this nature (the “Transaction”). The parties will endeavor to complete the Transaction as soon as practicable. There can be no assurance that the Transaction will be completed as proposed or at all.

For the most current information and updates, please visit our website at www.leapcharger.com and our social media pages, all of which are listed at the bottom of this release.

ABOUT LEAPCHARGER CORPORATION

LeapCharger Corporation is an emerging growth company that aims to provide high-quality electric vehicle (EV) charging solutions to consumers and businesses. Our operations are based in the UAE and we aim to expand operations into other regions such as North America, EU and South Asia in the near future. Our charging stations will be strategically placed in high-traffic areas, ensuring that EV owners have easy access to our services. We offer a user-friendly mobile app that allows customers to easily locate our charging stations, reserve charging spots, and pay for their charging sessions. We have also integrated advertising solutions in our charging stations to generate additional income. In addition to our commercial offerings, we will also partner with residential communities and property owners to install charging stations in their buildings. Additionally, we understand that our customers prioritize efficiency and convenience, so we are installing 150kW+ charging stations at highway exits and petrol pumps. These stations offer a higher charging speed, allowing drivers to get back on the road quickly. One of the ways we achieve this is by offering lower charging rates than our competitors, thanks to our innovative use of advertising revenue. Our charging stations are equipped with 55-inch screens, which serve to provide our clients with a valuable marketing channel and also serve as marketing channels for our LeapCharger brand.

ABOUT FULLYCHARGED ELECTRICAL FITTING

FullyCharged Electrical Fitting, based in Dubai, is a leading provider of electrical installation services with a specialized focus on EV charging solutions. They offer comprehensive installation services for residential, commercial, and public EV charging stations, ensuring seamless integration with existing electrical systems. Utilizing advanced technology and adhering to the highest safety standards, FullyCharged designs and installs efficient and reliable EV charging infrastructure tailored to meet the specific needs of their clients. Their expert team provides end-to-end solutions, from initial site assessment and planning to installation and ongoing maintenance, making them a trusted partner in the expansion of Dubai's electric vehicle ecosystem.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning the Company, expected listing and trading, the Company’s technology and future anticipated growth. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “plan,” “believe,” “intend,” “look forward,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: risks related to LeapCharger’s operations, such as additional financing requirements and access to capital; competition; the ability of LeapCharger to protect its intellectual property rights; and other risks set forth in the Company’s filings with OTC Markets (“OTCM”) and/or the Securities and Exchange Commission (the “SEC”). Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in LeapCharger’s periodic reports filed with the SEC or OTCM, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Periodically, and as legally required, the Company may make new and material information available on its website, www.leapcharger.com, or through Company sponsored social media, which may be accessed by clicking on the below links:

Instagram: https://www.instagram.com/leapcharger/

Twitter: https://x.com/LeapCharger?s=20

LinkedIn: https://www.linkedin.com/company/leapcharger/

Contact:

Praveenkumar Vijayakumar

+19173910061

praveen@leapcharger.com