ADS-TEC Energy Group strengthens its management team
July 13 2022 - 9:45AM
Business Wire
- ADS-TEC Energy Group appoints Wolfgang Breme as CFO
- Robert Vogt, CFO of ads-tec Energy GmbH, remains CAO of the
ADS-TEC Energy Group
ADS-TEC Energy plc (NASDAQ: ADSE), a global leader in
battery-buffered ultra-fast chargers, today announces the expansion
of its management team:
Wolfgang Breme has been appointed Chief Financial Officer (CFO)
of the ADS-TEC Energy Group effective as of July 1, 2022. Mr. Breme
has extensive international experience in the financial management
of technology-oriented mechanical and plant engineering companies,
including more than 20 years as Financial Board Member and Chief
Financial Officer. As a member of the Executive Board, he was
responsible for Finance and Administration at AIXTRON SE (FSE:
AIXA) for almost a decade. He also held CFO positions at
technotrans SE, AVENTICS (formerly Bosch Rexroth Pneumatics) and
the Skeleton Technologies Group. Mr. Breme has many years of
management and capital market experience in an international
environment and M&A expertise and is familiar with the
challenges of the volatile project business in high-tech mechanical
and plant engineering.
Commenting on his entry into the ADS-TEC Energy Group, Mr. Breme
states: “ADS-TEC Energy is a company with an enormous growth
potential. I am convinced that the intelligent battery-buffered
ecosystems of ADS-TEC Energy are an enabler for a decentralized
architecture of our energy systems. In doing so, we are making a
decisive contribution to the ecological transformation of mobility,
industry, commerce, infrastructure and housing.” "By appointing
Wolfgang Breme, we are underlining our global claim to leadership
in battery buffered ultra-fast charging systems and thus
strengthening our market position," says Thomas Speidel, founder
and CEO, ADS-TEC Energy.
The CFO of ads-tec Energy GmbH, Mr. Robert Vogt, remains the
Chief Accounting Officer of the ADS-TEC Energy Group.
About ADS-TEC Energy
ADS-TEC Energy plc, a public limited company incorporated in
Ireland and publicly listed on NASDAQ (“ADS-TEC Energy”), serves as
a holding company for ads-tec Energy GmbH, our operating company
incorporated in Germany (“ADSE GM”) and ads-tec Energy Inc., a US
subsidiary of ads-tec Energy GmbH (“ADSE US” and together with
ADS-TEC Energy and ADSE GM, “ADSE”). Based on more than ten years
of experience with lithium-ion technologies, ADS-TEC Energy
develops and manufactures battery storage solutions and fast
charging systems including their 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: adstec-energy.com
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include statements regarding our
financial outlook for 2022, our expectations with respect to future
performance and the anticipated timing of certain commercial
activities such as the expected launch of the ChargePost product
and initial shipments of such product. There are a significant
number of factors that could cause actual results to differ
materially from the statements made in this press release,
including: the impact of the COVID-19 pandemic, geopolitical events
including the Russian invasion of Ukraine, macroeconomic trends
including changes in inflation or interest rates, or other events
beyond our control on the overall economy, our business and those
of our customers and suppliers, including due to supply chain
disruptions and expense increases; our limited operating history as
a public company; our dependence on widespread acceptance and
adoption of EVs and increased installation of charging stations;
our current dependence on sales to a limited number of customers
for most of our revenues; overall demand for EV charging and the
potential for reduced demand for EVs if governmental rebates, tax
credits and other financial incentives are reduced, modified or
eliminated or governmental mandates to increase the use of EVs or
decrease the use of vehicles powered by fossil fuels, either
directly or indirectly through mandated limits on carbon emissions,
are reduced, modified or eliminated; supply chain interruptions and
expense increases; unexpected delays in new product introductions;
our ability to expand our operations and market share in Europe and
the U.S.; the effects of competition; changes to battery energy
storage standards; and the risk that our technology could have
undetected defects or errors. Additional risks and uncertainties
that could affect our financial results are included under “Item 3.
Key Information – 3.D. Risk Factors” in our annual report on Form
20-F filed with the Securities and Exchange Commission (the “SEC”)
on April 28, 2022, which is available on our website at
https://adstec-energy.com/investor-relations-corporate-governance/
and on the SEC’s website at www.sec.gov. Additional information
will also be set forth in other filings that we make with the SEC
from time to time. All forward-looking statements in this press
release are based on information available to us as of the date
hereof, and we do not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made,
except as required by applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220713005590/en/
United States:
Barbara Hagin Breakaway Communications bhagin@breakawaycom.com
+1 408-832-7626
Europe:
Antonia Stranzinger ADS-TEC Energy Head of Corporate Marketing
& Communication press@ads-tec-energy.com
ADD TEC Energy (NASDAQ:ADSE)
Historical Stock Chart
From Jul 2024 to Jul 2024
ADD TEC Energy (NASDAQ:ADSE)
Historical Stock Chart
From Jul 2023 to Jul 2024