NÜRTINGEN, Germany,
March 4, 2022 /PRNewswire/ -- ADS-TEC
Energy (NASDAQ: ADSE), a global leader in battery-buffered,
ultra-fast charging technology, today announced that GenZ EV
Solutions (GenZ EV) has been designated distributor of its
electric vehicle (EV) charging solutions to the automotive market
in North America and South America. GenZ EV, a new company founded
by automotive industry veterans with deep expertise, will be
distributing ADS-TEC Energy charging technology to automotive OEMs,
automotive dealerships and automotive fleet companies. There are
over 18,000 automotive dealers in the U.S. alone, representing a
multi-billion dollar market opportunity.
![ADS-TEC Energy is a leader in battery-buffered ultra-fast charging technology, drawing on more than 10 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. (PRNewsfoto/ADS-TEC Energy) ADS-TEC Energy is a leader in battery-buffered ultra-fast charging technology, drawing on more than 10 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. (PRNewsfoto/ADS-TEC Energy)](https://mma.prnewswire.com/media/1698649/ADS_TEC_Energy_Logo.jpg)
"We are excited to collaborate with ADS-TEC Energy," said José
Valls, CEO, GenZ EV, who was previously chairman of Nissan North
America. "We evaluated many options for technology partners and
chose ADS-TEC Energy because of the company's deep experience in
battery technologies. Their cutting-edge charging solution brings
unique benefits to the automotive industry, such as ease of install
and the ability to draw energy from existing, low-power energy
grids to deliver a consistent, ultra-fast charge."
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 will make it
easier for automotive businesses to quickly install EV chargers and
bring the benefits of ultra-fast charging to their expanding fleets
of EVs and customers. It also allows for the introduction of
ultra-fast charging to locations where it was previously
unavailable such as city centers, and remote and rural areas.
"The GenZ EV team is the ideal distribution partner for our
technology, bringing decades of automotive industry experience and
established relationships," said Gowton Achaibar, president and
CEO, ADS-TEC Energy. "Together, we'll be making it easier for
customers to deploy ultra-fast charging on site, which will be a
critical asset to their businesses, both in terms of costs and
convenience, as inventories of EVs increase."
GenZ EV, which officially launched as a company in late
February, will be offering ADS-TEC Energy's charging systems along
with a suite of premium services for automotive businesses
transitioning into eMobility.
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
About GenZ EV Solutions
GenZ EV Solutions, a private
firm based in Miami, was founded
by a team of entrepreneurs at the crossroads of sustainability,
technology and finance. Inspired by Gen Z, the generation that
triggered the inflection point for mass-adoption of EVs, its
mandate is to deliver Intelligent Fast-charging Solutions to
Power the Future of eMobility.
The company is focused on integrating the world's best
technologies, services and investment solutions to help businesses
navigate the transition into the era of electrification.
World-class hardware by ADS-TEC Energy is coupled with a full suite
of premium, custom services, including up to 100 percent financing
via Mitsubishi Capital. We also ally with Charge Enterprises to
offer a complete platform of services spanning engineering,
installation and after sales revenue-driving solutions across
industries.
Like its namesake generation, the team behind GenZ is deeply
committed to technology and the environment. Three percent of
profits will be invested into reforestation efforts in the U.S. to
be announced late 2022.
GenZ EV Solutions is a GenZ Holdings Company, also owner of
Keyfetch, the technology and insurance company. To learn more about
GenZ EV Solutions go to, genz.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/ads-tec-energy-names-genz-ev-solutions-as-automotive-industry-distributor-for-its-battery-buffered-ultra-fast-electric-vehicle-charging-solutions-in-the-americas-301495642.html
SOURCE ADS-TEC Energy