Unique Anytime, Anywhere EV Charging Solution, e-Boost, Continues to Service New Use-Cases and Create Market Opportunities for EV Charging Infrastructure
FORT LEE, N.J., Jan. 9, 2023 /PRNewswire/ — Pioneer Power Solutions, Inc. (NASDAQ:PPSI) (“Pioneer”, “Pioneer Power” or the “Company”), a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle (“EV”) charging solutions, today announced that it has received additional orders for its innovative e-Boost mobile EV charging solution, demonstrating accelerating market acceptance and rapid commercialization.
Merchants Fleet, a cutting-edge fleet management company, ordered two trailer mounted e-Boost solutions to be integrated into the Merchants Fleet EV charging offering. The Merchants Fleet EV charging portfolio includes:
- The Merchants ‘Mini’, a 30kW direct-current fast charger (“DCFC”) on a small trailer that maneuvers around swiftly to get EVs charged up quickly for a fleet with their first few EVs, and;
- The Merchants ‘Flex’, a dual Level 3 / Level 2 EV charging solution that provides either a 60kW DCFC for quick charging boosts or (4) Level 2 high-capacity chargers for efficient overnight charging, perfect for the fleet transitioning to their first sets of EVs.
As part of their innovative solutions, Merchants Fleet has selected e-Boost because it provides them with an off-grid, mobile, DCFC with built-in resiliency that is sustainably powered using a green, propane-fueled generator, and securely integrated with 24/7 monitoring on a solar-powered battery storage system. These pilot units serve as benchmark products for Merchants Fleet’s larger charging program. Merchants Fleet is the nation’s fastest growing fleet management company with a unique business model focused on forward-thinking technology solutions, innovative fleet services, and the proactive adoption of electric vehicles.
In addition, an existing customer of Pioneer Power ordered two additional skid-mounted e-Boost systems to rapidly charge new medium-duty EV trucks. The customer is a major manufacturer of commercial trucks, engines, buses, advanced connectivity services and related aftermarket parts, and this purchase adds to their existing fleet of e-Boost solutions, validating the quality and effectiveness of the e-Boost solution.
Nathan Mazurek, Pioneer’s Chairman and Chief Executive Officer, said, “Our innovative e-Boost solution continues to gain new customers for a wide-range of use-cases, reinforcing our confidence that e-Boost revenue will double in 2023, becoming an increasingly important contributor to our consolidated results. Existing customers who made small, evaluative purchases are coming back to order additional units, and new customers are being added to our roster. Our e-Boost solution jumpstarts the deployment of the EV charging infrastructure, as e-Boost can be deployed immediately, without any utility connections or approvals, facilitating and accelerating the adoption of EV vehicles, trucks, vans and buses.”
