Ideanomics Announces WAVE's Inductive Chargers to
Power Twin Transit Authority in Chehalis, Washington
- Founded in 2011, WAVE is a leading provider of inductive
wireless charging systems for commercial electric vehicles
(EVs)
- High-power, cable-free, in-route charging helps
Washington-based transit authority extend the driving range of
their electric buses
- WAVE's technology is proven in the field with multiple
commercial customer deployments across the U.S.
- This adoption will accelerate Twin Transit's progress toward
achieving its goal to make its fleet fully electric by 2030
NEW YORK, NY -- June 3, 2021 -- InvestorsHub NewsWire
-- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the
"Company") has today announced its subsidiary WAVE, a leading
developer of high-power inductive charging solutions for medium and
heavy-duty vehicles, has completed another transit authority
deployment, adding the Twin Transit Authority (TTA)
in Chehalis, Washington to its growing list of transit
fleet customers. TTA has adopted and completed installation of
WAVE's 250-kilowatt high-power wireless charging system to help
achieve their zero-emission goals.
One of the most significant barriers mass transit agencies face
in the move to zero-emission electric vehicles is matching the
typical driving range of diesel buses. WAVE's automated, cable-free
system will be deployed in route to extend the range of TTA's first
two battery-electric buses, representing a big leap forward in the
agency's goal to make its entire 20 vehicle fleet carbon-neutral by
2030.
"Our organization sees this technology as a critical component
of the future of electric bus operations, and we were determined to
join forces with a company that was both easy to work with and had
successful models of implementation" explained Twin Transit's
Executive Director Joe Clark. "WAVE's inductive charging was
by far the most efficient and effective solution, and the easiest
for our drivers to operate. Perhaps most importantly, WAVE was
willing to be a strategic, long-term partner."
Within seconds of scheduled stops, the high power needed for
meaningful range extension is transferred from ruggedized charging
units embedded in the road surface to a receiving pad on the
vehicle's undercarriage. Free from human contact and mechanical
movement, a WAVE 250kW charger can add up to 25 miles of range to a
40-foot bus in just 10 minutes.
"With WAVE, we can augment our existing depot charging system by
allowing our buses to 'bump charge' throughout the day," continued
Clark. "This allows us to extend the range of our fleet from about
150 miles to a virtually endless operating cycle. The WAVE
model totally eliminates any charging range anxiety, while at the
same time ensuring the efficient operation of our bus routes all
day long."
WAVE technology has successfully undergone multiple rigorous
commercial deployments throughout the country. Most notably, the
Antelope Valley Transit Authority in Los Angeles County deployed 12
WAVE wireless chargers over 100 square miles, making it the largest
mass transit deployment of wireless chargers in the world.
"The idea of purchasing multiple electric buses to cover the
range of a single diesel bus can really hinder a transit agency's
zero-emission plans," said WAVE CEO Mike Masquelier." By
making high-power range extension faster, easier, and safer than
legacy charging solutions, WAVE can enable a single electric bus to
cover the longest of routes with minimal impact on normal
operations. We look forward to expanding awareness of this
game-changing new inductive charging platform and encouraging other
transit agencies to follow Twin Transit's lead and help America
reach its carbon zero goals."
About Twin Transit
Twin Transit is a public transit system serving the
cities of Centralia and Chehalis in Lewis
County, Washington. It operates four local transit
bus routes and a fifth cross-county bus route, along
with options for Dial-A-Ride and paratransit. The agency was
founded in 1976 and began operating on November 1, 1977.
About WAVE
With a global-leading number of high-power, rigorously proven
inductive charging systems deployed, WAVE is enabling commercial
fleet operators to extend the range of medium- and heavy-duty
electric vehicles beyond that of diesel vehicles. Founded in 2011,
with systems ranging from 125kW to 500kW and a 1MW charger in
development, WAVE makes tomorrow's EV charging technology available
today.
About Ideanomics
Ideanomics is a catalyst for disruption to those industries where
improvements in sustainability, transparency, and freedom of choice
would have profound benefits on a global scale. The Ideanomics
Mobility division is a service provider which facilitates the
adoption of electric vehicles by commercial fleet operators through
offering vehicle procurement, finance and leasing, and energy
management solutions under our innovative sales to financing to
charging (S2F2C) business model. Ideanomics Capital is focused on
disruptive fintech solutions for the financial services industry.
Together, Ideanomics Mobility & Capital provide our global
customers and partners with leading technologies and services
designed to improve transparency, efficiency, and accountability,
and our shareholders with the opportunity to participate in
high-potential, growth industries.
The company is headquartered in New York, NY, with offices
in Beijing, Hangzhou, and Qingdao, and operations in
the U.S., China, Ukraine, and Malaysia.
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"forward looking statements". All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are often identified
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"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
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product offerings, our intention to phase out our oil trading and
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results. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, they
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Investor Relations and Media Contacts:
Twin Transit
Andrea Culletto
1638 Bishop Road
Chehalis, Washington 98532
andrea@twintransit.org
WAVE by Ideanomics
Tom McDonald, Senior Director of Marketing
4752 West California Ave, Suite B-400, Salt Lake City,
UT 84104
tom.mcdonald@waveipt.com
Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116 New York, NY 10018
ir@ideanomics.com
SOURCE Ideanomics
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