BitNile Holdings’ Subsidiary, TurnOnGreen, to Supply Rental Car Operator, Aero Corporation, with DC Fast Chargers for Harrisburg International Airport Charging Hub
July 21 2022 - 6:30AM
Business Wire
BitNile Holdings, Inc. (NYSE American: NILE), a diversified
holding company (the “Company”), announced today that its
green energy technology and power supply subsidiary, TurnOnGreen,
Inc. (“TurnOnGreen”), will supply the electric vehicle
charging equipment and network services to the Aero Corporation to
build a six-port electric vehicle (“EV”) DC Fast charging
depot next to the Harrisburg International Airport
(“HIA”).
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the full release here:
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FSP1200 / 120 kW Network Functionality:
Seamlessly manage Level 2 chargers and DCFC all in one place with
the TurnOnGreen Management Dashboard. View and analyze real-time
charging data Track costs and adjust pricing Manage power with
advanced active load balancing Manage users and set permissions
Automatic report generation, downloadable at any time 24/7 support
available via SMS, in-app messaging, or toll-free number Visit
www.TurnOnGreen.com for more information
TurnOnGreen will provide three FSP1200 dual port 120kW DC Fast
Chargers that together feature six Combined Charging System
connectors capable of rapidly charging most EVs on the road today.
The DC Fast Charging depot will offer charging solutions to Aero
Corporation (a licensed operator of twenty Avis Budget locations
across Pennsylvania and New Jersey) and other local area rental car
companies whose customers need to recharge their rental EVs prior
to returning to or departing from HIA. The Company has been advised
by Aero Corporation that it plans to complete installation of the
DC Fast chargers in the third quarter of 2022.
The electrification project will feature TurnOnGreen’s
commercial network DC Fast Charger, the FSP1200, installed minutes
outside HIA on West Harrisburg Pike, Middletown, PA. Drivers can
locate the chargers using the TurnOnGreen mobile application and
initiate a charging session with the App, QR code, or via a credit
card reader. The TurnOnGreen mobile application is available for
download on the App Store for iPhone users and Google Play for
Android users.
“Providing EV charging solutions for rental car fleets is a key
component of our growth strategy and complements our hotel
electrification program,” said Marcus Charuvastra, TurnOnGreen’s
Chief Revenue Officer. “The car rental industry will be a primary
driver of EV adoption in the United States. Working with rental car
companies like Aero Corporation to expand their EV fleets is an
important step in helping the general public learn more about the
benefits of driving EVs.”
“We are committed to providing engineering and electrification
solutions to the car rental industry,” said Amos Kohn, TurnOnGreen
CEO and its chief engineer. “As the EV charging infrastructure in
North America expands, it will be easier and more cost-effective
for car rental companies to meet sustainability goals through EV
rental programs.”
U.S. automakers have invested billions of dollars to increase EV
production. General Motors plans to deliver 400,000 EVs in North
America by the end of 2023, and Ford has committed to 600,000 new
EVs by the end of 2023. The car rental market can be an important
driver in President Biden’s announced target for half of all new
cars and trucks sold in the U.S. in 2030 to be zero-emissions
vehicles.
For more information on TurnOnGreen’s product line, please visit
www.TurnOnGreen.com.
For more information on BitNile Holdings and its subsidiaries,
BitNile recommends that stockholders, investors, and any other
interested parties read BitNile’s public filings and press releases
available under the Investor Relations section at www.BitNile.com
or available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly and
majority-owned subsidiaries and strategic investments, BitNile owns
and operates a data center at which it mines Bitcoin and provides
mission-critical products that support a diverse range of
industries, including defense/aerospace, industrial, automotive,
telecommunications, medical/biopharma and textiles. In addition,
BitNile extends credit to select entrepreneurial businesses through
a licensed lending subsidiary. BitNile’s headquarters are located
at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV
89141; www.BitNile.com.
About TurnOnGreen, Inc.
TurnOnGreen Inc. designs and manufactures innovative,
feature-rich, and top-quality power products for mission-critical
applications, lifesaving and sustaining applications spanning
multiple sectors in the harshest environments. The diverse markets
we serve include defense and aerospace, medical and healthcare,
industrial, telecommunications and e-Mobility. TurnOnGreen brings
decades of experience to every project, working with our clients to
develop leading-edge products to meet a wide range of needs.
TurnOnGreen’s headquarters are located at Milpitas, CA;
www.TurnOnGreen.com.
Forward-Looking Statements
This press release contains “forward looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made,
and the Company undertakes no obligation to update any of them
publicly in light of new information or future events. Actual
results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8-K. All filings are available at www.sec.gov and on the Company’s
website at www.BitNile.com.
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