e-Boost to ensure charged electric vehicles are delivered to consumers quickly
FORT LEE, NJ, October 28, 2022 /PRNewswire/ — Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer”, “Pioneer Power” or the “Company”), a leader in the design, manufacture, service and integration of systems power supply, distributed energy resources, power generation equipment and mobile electric vehicle (“EV”) charging solutions, today announced that it has agreed to supply two of its new e- 400 kW propane-powered mobile charging boost at Heliox Energy, a leader in smart energy management solutions that support the transition to e-mobility. The e-Boost systems will be deployed at the port of Benicia in California to rapidly charge VinFast EVs imported from overseas manufacturing facilities before they are delivered directly to consumers. VinFast, a member of Vingroup, is a state-of-the-art electric vehicle automotive manufacturing company. Vingroup is a Vietnamese conglomerate with annual revenues of around $4.8 billion.
“We continue to identify and serve a broader base of use cases for our e-Boost initiative, an anytime, anywhere electric vehicle charging solution, which demonstrates that we are filling a need until now. there not satisfied, especially among manufacturers of electric vehicles, ”commented Nathan Mazurek, Chairman and CEO of Pioneer. “EVs arriving from overseas need to be recharged after they disembark from transport vessels, and current ports lack the EV charging infrastructure to meet this demand. Our fast-charging e-Boost systems are accelerating this process, helping VinFast deliver EVs to eager consumers faster.Increasingly, EV manufacturers and retailers, EV charging infrastructure providers, and high-traffic event and consumer spaces recognize the value of flexible and adaptable electric vehicle charging solutions like our e-Boost product suite, and we expect further applications of this technology EV demand continues to outpace EV charging infrastructure, we plan to address additional use cases.”
Pioneer Power plans to deliver the two 400 Kw e-Boost systems to VinFast before the end of the first quarter of 2023.
About Pioneer Power Solutions, Inc.
Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, refurbishment, service and distribution of electrical power systems, distributed energy resources, generation equipment electricity and mobile electric vehicle charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.
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Brett MaasManaging partner
SOURCEPioneer Power Solutions, Inc.