Ideanomics Announces MEG September and Q3 Sales Activity
October 15 2020 - 9:33AM
InvestorsHub NewsWire
Ideanomics Announces MEG September
and Q3 Sales Activity
- A total of 423 units delivered in September
- A total of 626 units delivered in Q3
- An additional 440 units were invoiced in Q3 and are pending
delivery
NEW YORK, Oct. 15, 2020 -- InvestorsHub NewsWire
-- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") is
pleased to announce its Mobile Energy Global (MEG) division's sales
activities for the month of September and Q3 2020. For the period
starting September 1, 2020, through September 30, 2020,
MEG delivered a total of 423 units. For Q3 2020, the period
starting July 1, 2020, through September 30, 2020, MEG
delivered a total of 626 units. The Company also invoiced an
additional 440 units in Q3, which are pending expected
delivery.
"We are very
pleased that our MEG business experienced sequential growth, month
over month, throughout Q3, and the 440 units pending delivery gets
Q4 off to a strong start. This growth, fueled by a combination of
previously announced deals and new deal origination, along with
improvements in our operational efficiency, helps us achieve our
goals for 2020 and sets the stage for growth at scale going into
2021," said Alf Poor, CEO of Ideanomics.
About Ideanomics
Ideanomics is a global company that
facilitates the adoption of commercial electric vehicles and
supports next-generation financial services and fintech products.
Our electric vehicle division, Mobile Energy Global (MEG) provides
group purchasing discounts on commercial electric vehicles, EV
batteries and electricity, as well as financing and charging
solutions; we refer to this business model as sales to financing to
charging (S2F2C). Ideanomics Capital provides fintech services that
include intelligent and innovative solutions powered by AI and
blockchain. Together, MEG and Ideanomics Capital provide our global
customers and partners with more efficient solutions for a greener
economy.
The company is headquartered in New York, NY, with offices
in Beijing, Guangzhou, and Qingdao, and operations in the
U.S., China, Ukraine,
and Malaysia.
Safe Harbor
Statement
This press release contains certain statements that may include
"forward looking statements". All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties, and include statements regarding our intention
to transition our business model to become a next-generation
financial technology company, our business strategy and planned
product offerings, our intention to phase out our oil trading and
consumer electronics businesses, and potential future financial
results. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. You should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. The Company's actual results
could differ materially from those anticipated in these
forward-looking statements as a result of a variety of risks and
uncertainties, such as risks related to: our ability to continue as
a going concern; our ability to raise additional financing to meet
our business requirements; the transformation of our business
model; fluctuations in our operating results; strain to our
personnel management, financial systems and other resources as we
grow our business; our ability to attract and retain key employees
and senior management; competitive pressure; our international
operations; and other risks and uncertainties disclosed under the
sections entitled "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in our
most recent Form 10-K and Form 10-Q filed with the Securities and
Exchange Commission, and similar disclosures in subsequent reports
filed with the SEC, which are available on the SEC website
at www.sec.gov.
All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their
entirety by these risk factors. Other than as required under the
securities laws, the Company does not assume a duty to update these
forward-looking statements.
Investor
Relations and Media Contact
Tony Sklar, VP of Communications
55 Broadway, 19th Floor New York, New
York 10006
Email: ir@ideanomics.com
Valerie
Christopherson / Lora Wilson
Global Results Communications (GRC)
+1 949 306 6476
valeriec@globalresultspr.com
Ideanomics (NASDAQ:IDEX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ideanomics (NASDAQ:IDEX)
Historical Stock Chart
From Sep 2023 to Sep 2024