SANTA ROSA, Calif.,
Nov. 24, 2021 /PRNewswire/
-- Ideanomics (NASDAQ: IDEX), a global company focused on
driving the adoption of commercial electric vehicles and associated
energy consumption, today announced that its subsidiary Solectrac
will be honored with the WINnovation Award at this year's WIN Expo.
The expo will take place at the Sonoma County Fairgrounds in
Santa Rosa, California on
Thursday, Dec. 2, bringing together
wine industry leaders from around the country to share ideas,
information, and predictions to better prepare for the coming
year.
The WINnovation award is the top honor by Wine Industry Network
(WIN) and is only given to five winners each year. Solectrac is
being honored for the groundbreaking technology in its e70N
electric tractor, which is specially designed for vineyard
operations that require navigating through narrow rows of vines and
is a real-life example of AgTech innovation at work in the world
today.
"We were impressed by Solectrac's persistent commitment to
sustainability and their expert design of an electric tractor that
fits winegrowers' needs - both between the vines and in their
efforts to become more sustainable," says Kim Badenfort, Editor
Wine Industry Advisor.
The 70-HP equivalent e70N electric tractor can operationally
replace a similar-sized diesel tractor, eliminating the pollution
and noise while offering instant torque. The electric motor has
only one moving part vs. the roughly 300 in a diesel engine which
reduces maintenance needs. Electric tractors can lead to
substantial improvements to workers' health by eliminating harmful
emissions that can cause respiratory illness and reducing deafening
noise that can contribute to hearing loss. Solectrac electric
tractors are assembled in Santa
Rosa and the company is B Corp certified.
"We are honored that Wine Industry Network recognizes the
innovation being made by the team at Solectrac as we work to help
more wineries make the transition to electric machinery and reduce
their carbon footprint," said Mani
Iyer, CEO of Solectrac. "Being that we are local to
Santa Rosa, we are excited that
vintners from around the country will be gathering in our backyard
at WIN Expo, where we can demonstrate that Solectrac tractors are
truly the future of regenerative viticulture."
At WIN Expo, attendees will get an opportunity to see the
technology firsthand and learn more about how they can implement
zero-emission machinery on their vineyards.
For more information on Solectrac and to reserve an e70N
electric tractor today, please visit https://solectrac.com.
For more information and news on Ideanomics, please visit
https://ideanomics.com.
About Ideanomics
Ideanomics is a global company
focused on the convergence of financial services and industries
experiencing technological disruption. 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 an 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 and Ideanomics Capital provide global customers
and partners with leading technologies and services designed to
improve transparency, efficiency, and accountability, and offer
shareholders the opportunity to participate in high-potential
growth industries.
Safe Harbor Statement
This press release contains
certain statements that may include "forward looking statements".
All statements other than statements of historical fact included
herein are "forward-looking statements." These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "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 financial technology company, our
business strategy and planned product offerings, our intention to
phase out our oil trading and consumer electronics businesses, and
potential future financial results. Although the company believes
that the expectations reflected in such forward-looking statements
are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of risks and uncertainties, such as risks related to: our
ability to continue as a going concern; our ability to raise
additional financing to meet our business requirements; the
transformation of our business model; fluctuations in our operating
results; strain to our personnel management, financial systems and
other resources as we grow our business; our ability to attract and
retain key employees and senior management; competitive pressure;
our international operations; and other risks and uncertainties
disclosed under the sections entitled "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our most recent Form 10-K and Form 10-Q
filed with the Securities and Exchange Commission, and similar
disclosures in subsequent reports filed with the SEC, which are
available on the SEC website at www.sec.gov. All forward-looking
statements attributable to the company or persons acting on its
behalf are expressly qualified in their entirety by these risk
factors. Other than as required under the securities laws, the
company does not assume a duty to update these forward-looking
statements.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116, New York,
NY 10018
ir@ideanomics.com
Malory Van Guilder, Skyya PR for Ideanomics
malory@skyya.com
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SOURCE Ideanomics