Pioneer Power Launches New Modular, E-Bloc Charge Port Series and Immediately Books Initial Orders Valued at More Than $2 Million
New Series E-Bloc Expands Market Opportunity by More Than
The Company expects to deliver the initial orders during the second quarter of 2024.
E-Bloc Charge Port Series
Market Opportunity
Speaking on the market opportunity, Mazurek continued, “We expect the state of California’s approach to addressing mandated environmental standards and the implementation of our E-Bloc Charge Port focused series will gain nationwide attention and drive further increases in demand. Given the state’s mandate to provide upwards of 100,000 charge ports over the next three to five years, there is a substantive opportunity to grow this new business product line.”
Key Features and Expected Benefits of the E-Bloc Charge Port Series
Smartly Engineered and Packaged - Pioneer, with its in-depth experience in installing over 1,000 E-Bloc units, developed a new, slimmer form factor, which is built on past design considerations and customer demand and feedback. The E-Bloc Port Charge series was engineered with an efficient design that is scalable, modular and meets SCE’s Electrical Service Requirements (ESR).
Flexible - Using new technology, the E-Bloc Charge Port series can provide a range of amperes for an electrical system’s amperage ranging from 1200 to 4000.
Ruggedized - The E-Bloc Charge Port series withstands power surges and is outdoor rated to stand up to inclement weather as well as severe heat to provide California EV charging customers fault-free EV charges where and when they are needed.
Easy Installation - Utilizing the Company’s new “Bus” technology, the E-Bloc Charge Port series encompasses a small footprint and is designed for "plug and play” installation applying simple tools and requiring no additional training for qualified installers.
For additional information about the E-Bloc Charge Port series, please visit https://www.pioneerpowersolutions.com/contact/ or contact
About
Forward-Looking Statements:
This press release contains “forward-looking statements” within the meaning of the federal securities laws. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the commercial success of the Company’s new E-Bloc Charge Port series, (ii) the Company’s ability to successfully increase its revenue and profit in the future, (iii) general economic conditions and their effect on demand for electrical equipment, (iv) the effects of fluctuations in the Company’s operating results, (v) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (vi) the Company’s dependence on two customers for a large portion of its business, (vii) the potential loss or departure of key personnel, (viii) unanticipated increases in raw material prices or disruptions in supply, (ix) the Company’s ability to realize revenue reported in the Company’s backlog, (x) future labor disputes, (xi) changes in government regulations, (xii) the liquidity and trading volume of the Company’s common stock, (xiii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event, and (xiv) risks associated with litigation and claims, which could impact our financial results and condition.
More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the
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Hayden IR
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