NÜRTINGEN, Germany,
Feb. 16, 2022 /PRNewswire/
-- ADS-TEC Energy (NASDAQ: ADSE), a global leader in
battery-buffered, ultra-fast charging technology, today announced
that Smart City Capital will be deploying more than 200 ADS-TEC
Energy ultra-high-speed ChargeBox electric vehicle (EV) charging
stations throughout Florida. This
is the single largest order of ADS-TEC Energy ChargeBox units to
date in the U.S., and an extension of Smart City Capital's initial
order announced in late 2021. The company also plans a third phase
of deployment that is expected to involve more than 200 ADS-TEC
Energy charging systems across 13 states in the U.S.
![ADS-TEC Energy (ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced that Smart City Capital will be deploying more than 200 ADS-TEC Energy ultra-high-speed ChargeBox electric vehicle (EV) charging stations throughout Florida. This is the single largest order of ADS-TEC Energy ChargeBox units to date in the U.S., and an extension of Smart City Capital‘s initial order announced in late 2021. ADS-TEC Energy (ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced that Smart City Capital will be deploying more than 200 ADS-TEC Energy ultra-high-speed ChargeBox electric vehicle (EV) charging stations throughout Florida. This is the single largest order of ADS-TEC Energy ChargeBox units to date in the U.S., and an extension of Smart City Capital‘s initial order announced in late 2021.](https://mma.prnewswire.com/media/1747481/ADS_TEC_Energy_ultra_high_speed.jpg)
Smart City Capital's most recent purchase of more than
$30 million in ADS-TEC Energy systems
signals a major commitment to the benefits of ultra-high-speed
charging, helping energy-deprived cities and remote locations
accelerate the transformation to a more sustainable model.
Together, the two companies will be using the 2022 Florida
deployments, expected to begin mid-year, as a framework for the
future rollouts in other states. The deployments – enabling public
and private applications for both individual vehicles and fleets –
will show how cities can more quickly reach their sustainability
and carbon reduction goals without further burdening existing
power-grids with costly electrical infrastructure upgrades.
Deployments of the additional more than 200 ADS-TEC Energy charging
systems are to take place starting in late 2022.
Smart City Capital chose to work with ADS-TEC Energy because of
the capabilities and quality of the ChargeBox product combined with
the company's decade of experience in battery-buffered charging
technologies. In fact, Smart City Capital has built a new division
of its business – UltraSmart Charge – around its partnership with
ADS-TEC Energy. This division will be part of the Smart City
Capital Market Place, a platform for municipalities to shop for
charging systems infrastructure targeting 15,000 municipalities
across the U.S., Canada and
U.K.
"No other vendor can match what ADS-TEC Energy is doing. They
are the right partner, at the right time, with the industry's most
highly disruptive charging solution," said Oscar Bode, CEO of Smart City Capital. "We're
proud to be bringing this first-of-its-kind ultra-high-speed
charging to cities at a time when they need it to accelerate
transformation and support sustainable economic growth."
ADS-TEC Energy's battery-buffered technology enables widespread,
ultra-fast charging (up to 320 kW) on existing power-limited grids
without additional infrastructure power upgrades. This allows for
the introduction of ultra-fast charging to previously unaddressed
geographies and segments such as city centers, remote and rural
areas, helping to ensure more inclusive access to EV
charging. ADS-TEC Energy chargers can be used to quickly
charge municipal vehicles – a city bus, for example – without
impacting power needs of critical services such as 911 first
responder networks or street lighting.
"Smart City Capital is aggressively breaking down the
significant barriers to cities of all sizes becoming smart cities.
We're thrilled to be partnering with them to deploy our high-speed,
battery-buffered charging stations all across the United States, without requiring a major
overhaul to the power grid," said Thomas
Speidel, CEO and founder of ADS-TEC Energy. "Together, we'll
be accelerating the transition to an all-electric world."
About ADS-TEC Energy
ADS-TEC Energy Inc. is a US
subsidiary of ADS-TEC Energy GmbH. ADS-TEC Energy GmbH is a
subsidiary of ADS-TEC Energy, a publicly-listed company in
Ireland and on NASDAQ. ADS-TEC
Energy is drawing on more than ten years of experience with
lithium-ion technologies, storage solutions and fast charging
systems, including the corresponding energy management systems. Its
battery-based, fast charging technology enables electric vehicles
to ultrafast charge even on low powered grids and features a very
compact design. The high quality and functionality of the battery
systems are due to a particularly high depth of development and
in-house production. With its advanced system platforms,
ADS-TEC Energy is a valuable partner for automotive, OEMs, utility
companies, and charge-operators.
More information on www.adstec-energy.com
Forward-Looking Statements
This press release contains
certain forward-looking statements within the meaning of Section
27A of the Securities Act and Section 21E of the Exchange Act,
including, but not limited to, statements regarding ADS-TEC Energy
PLC's proposed business and business model, the markets and
industry in which ADS-TEC Energy PLC and its subsidiaries
(collectively, the "ADSE Group") intend to operate, the anticipated
timing of the commercialization and launch of the ADSE Group's
business and appointments to ADS-TEC Energy PLC's board and
management.
When used herein, including any oral statements made in
connection herewith, the words "outlook," "believes," "expects,"
"potential," "continues," "may," "will," "should," "could,"
"seeks," "approximately," "predicts," "intends," "plans,"
"estimates," "anticipates," the negative of such terms and other
similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements are based
on management's current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, ADS-TEC Energy PLC disclaims any duty to update
any forward-looking statements, all of which are expressly
qualified by the statements in this section, to reflect events or
circumstances after the date hereof. ADS-TEC Energy PLC caution you
that these forward-looking statements are subject to risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of ADS-TEC Energy PLC. These risks
include, but are not limited to, (1) risks related to the rollout
of ADS-TEC Energy PLC's business and expansion strategy; (2)
consumer failure to accept and adopt electric vehicles; (3) overall
demand for electric vehicle charging and the potential for reduced
demand if governmental rebates, tax credits and other financial
incentives are reduced, modified or eliminated; (4) the possibility
that ADS-TEC Energy PLC's technology and products could have
undetected defects or errors; (5) the effects of competition on
ADS-TEC Energy PLC's future business; (6) the inability to
successfully retain or recruit officers, key employees, or
directors following the business combination; (7) changes in
applicable laws or regulations; (8) the possibility that the novel
coronavirus ("COVID-19") may adversely affect the results of
operations, financial position and cash flows of ADS-TEC Energy
PLC; (9) the possibility that ADS-TEC Energy PLC may be adversely
affected by other economic, business, and/or competitive factors;
and (10) other risks and uncertainties indicated from time to time
in documents filed or to be filed with the SEC by ADS-TEC Energy
PLC. Should one or more of the risks or uncertainties described
herein and in any oral statements made in connection therewith
occur, or should underlying assumptions prove incorrect, actual
results and plans could differ materially from those expressed in
any forward-looking statements. Additional information concerning
these and other factors that may impact ADS-TEC Energy PLC's
expectations and projections can be found in ADS-TEC Energy PLC's
periodic reports and other SEC filings that are available publicly
on the SEC's website at http://www.sec.gov.
Contacts:
United States:
Barbara Hagin
Breakaway Communications
bhagin@breakawaycom.com
+1 408-832-7626
Scott Gamm
Strategy Voice Associates
scott@strategyvoiceassociates.com
+1 917-626-9515
Europe:
Burkhard Leschke Brand Relations GmbH
Burkhard Leschke
b.leschke@blbr.de
+49 16093803331
View original content to download
multimedia:https://www.prnewswire.com/news-releases/smart-city-capital-to-deploy-more-than-200-ultra-high-speed-ads-tec-energy-ev-chargers-in-florida-with-plans-for-additional-deployment-in-13-states-301483415.html
SOURCE ADS-TEC Energy