Pioneer Announces e-Boost Order of $7.1 Million from One of the Largest U.S. School Districts
Expects Full Delivery of 25 Units in the First Quarter of 2025
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![e-Boost Mobile with Level 2 EV Chargers at Electric School Bus Depot (Photo: Business Wire)](https://mms.businesswire.com/media/20240611795234/en/2156079/4/PR_Photo_6-11-24.jpg)
e-Boost Mobile with Level 2 EV Chargers at Electric School Bus Depot (Photo: Business Wire)
The Company plans to deliver the systems throughout the first quarter of 2025. The systems will support the school district's efforts to meet local environmental requirements by phasing out traditional fuel sources at the school bus depot and expediting the transition to a fully ESB fleet. The initial deployment will serve approximately 200 EV buses, advancing the district's goal of electrifying its fleet of more than 1,000 ESBs. As one of the largest school districts in the country, it currently operates a vast fleet of more than 3,000 vehicles, including buses, trucks, cars and vans.
Murickan added, "Knowing that this off-grid solution is easily deployable, can be scaled up or down and replicated throughout the country, will facilitate collaboration between ESB manufacturers and school districts across the nation, ultimately enhancing and expanding the US Federal Infrastructure School Bus program. Successfully deploying over 200 electric school buses amidst these concurrent transitions required a forward-thinking school district leadership team with the vision, innovative spirit and execution expertise to achieve their ambitious goal of a fully electric fleet by 2030.”
e-Boost secured this order in collaboration with its channel partner,
"Pioneer is honored to be part of this groundbreaking initiative, led by a visionary school district," shared
The receipt of this order, combined with the current backlog for Q1 2025, positions the Pioneer eMobility business unit for significant growth in 2025, exceeding its expected 2024 performance. To support this expansion, the business unit will form strategic, geographically aligned partnerships with national manufacturing firms, thereby increasing production capacity and enabling Pioneer to meet growing demand while avoiding costly facility expansions and potential production delays or disruptions. This approach aligns with Pioneer's overall goals to grow its eMobility business efficiently, invest in sustainable solutions and drive innovation, further solidifying its commitment to a greener future.
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This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. 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 Company’s ability to successfully increase its revenue and profit in the future, (ii) general economic conditions and their effect on demand for electrical equipment, (iii) the effects of fluctuations in the Company’s operating results, (iv) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (v) the Company’s dependence on two customers for a large portion of its business, (vi) the potential loss or departure of key personnel, (vii) unanticipated increases in raw material prices or disruptions in supply, (viii) the Company’s ability to realize revenue reported in the Company’s backlog, (ix) future labor disputes, (x) changes in government regulations, (xi) the liquidity and trading volume of the Company’s common stock, (xii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event, (xiii) risks associated with litigation and claims, which could impact our financial results and condition and (xiv) the Company’s ability to regain and maintain compliance with the continued listing requirements of the Nasdaq Capital Market.
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