NEW
YORK, Sept. 14, 2022 /PRNewswire/
-- Ideanomics (Nasdaq: IDEX), a global company focused on
accelerating the commercial adoption of electric vehicles (EV),
today announced an agreement with ABC Companies, a leading provider
of motorcoach, transit and specialty passenger transport equipment
in the USA and Canada, allowing ABC Companies to become a
certified reseller of WAVE's industry-leading wireless inductive
charging technology in North
America. The resale partnership expands WAVE's distribution
across North America and into
private charter fleets.
"Our WAVE wireless charging technology is a proven solution that
solves a major concern we're hearing from fleet operators about
going electric–what happens when I run out of charge?" said
Robin Mackie, president of
Ideanomics Mobility. "With our wireless charging technology, fleet
operators can cut the cord, keep their electric fleet running, and
stop worrying about vehicle downtime for charging at centralized
depots."
ABC Companies and WAVE, a subsidiary of Ideanomics, executed
this agreement. This collaboration builds on the successful
deployment of the WAVE charging system to select ABC
customers. With systems ranging from 125kW to 500kW and a 1MW
charger in development, WAVE wireless charging unleashed the full
potential of EV fleets by maximizing operational efficiency and
reducing the total cost of ownership.
At the heart of WAVE's wireless charging solution is a
proprietary ruggedized and fully automated charging pad. High power
is delivered over the air from the roadway-embedded charging pads
to receivers mounted on a vehicle's undercarriage. Charging begins
as soon as the vehicle aligns on top of the in-ground pad. The WAVE
system is easy to operate and maintain, with no moving parts or
overhead charging infrastructure. As an added benefit, WAVE
wireless charging is one of the most reliable ways to charge
electric vehicles. It requires no incremental labor for manual
operations and zero handling of high-power cables.
As private charter fleets look to electrify, the demand for
reliable, safe and proven wireless charging infrastructure is
becoming even more imperative. By strategically placing wireless
charging pads at routine stops, private charter fleet operators can
keep their vehicles running with a nearly full charge during the
entirety of their duty cycle.
ABC Companies is a well-known leader in motorcoach, transit and
specialty equipment sales and service, in addition to being the
exclusive U.S. and Canadian distributor of Van Hool motorcoaches. As a market leader in the
private charter space, this partnership provides a direct pathway
for WAVE to expand into a new vertical—private charter fleets.
Through this strategic partnership, ABC will be uniquely positioned
to meet growing demand from its customers for electrification and
other fleet management solutions.
"As we continue to expand our portfolio of OEM aftermarket
products and services, we need to deliver industry leading charging
solutions," said Roman Cornell,
president and chief commercial officer-ABC Companies. "WAVE is an
ideal fit for many types of fleets and this partnership will
enhance our offerings for our current and future customers.
Beginning in 2020, we began delivering fully electric motorcoaches,
and now offer zero emissions options from 8 to 75 passengers. The
expanding electric vehicle portfolio has greatly increased the
number of customers choosing sustainable solutions. Now that we are
expanding our charging options, we are helping the transportation
industry transition to electric."
Ideanomics is solving the complexity of fleet electrification by
bringing together high-performance electric vehicles, charging
infrastructure, and financing solutions under one roof. The company
views WAVE wireless charging as a flagship charging technology and
is committed to supporting its ongoing development and deployment.
This includes exploring opportunities to incorporate wireless
charging technology into the design of the company's next
generation of electric vehicles.
About Ideanomics
Ideanomics is a global group with a simple
mission: accelerating the commercial adoption of electric
vehicles. By bringing together vehicles, charging,
and financing solutions under one roof, we are the one-stop
partner needed to simplify the transition to and operation of any
EV fleet. To keep up with Ideanomics, please follow the company on
social @ideanomicshq or visit
https://ideanomics.com.
About ABC
Companies
ABC Companies is a leading provider to the transportation
industry with diverse product and service offerings that cover a
full spectrum of operational needs including new and pre-owned
full-size highway coach equipment along with transit specialty
vehicles including battery electric vehicles. ABC supports
customers with a comprehensive after-sales service network for
service and repairs, collision services, extensive OEM and quality
aftermarket parts needs for transit, motorcoach and heavy-duty
equipment from strategically placed locations throughout the U.S.
and Canada. Additionally, private
and municipal financing and leasing options are available through
the company's financial services group – one of the largest
financial service providers within the industry. For more
information, contact ABC Companies at 800-222-2875 or visit the
company website at www.abc-companies.com.
Safe Harbor
Statement
Any statements contained in this press release that do not
describe historical facts may constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements regarding the expected timing for the
filing of the Form 10-K, the Company's ability to regain compliance
with the Nasdaq requirements for continued listing and related
matters. These forward-looking statements are often identified by
the use of forward-looking terminology such as "believes,"
"expects," or similar expressions that involve known and unknown
risks and uncertainties. Any forward-looking statements contained
herein are based on current expectations, but are subject to risks
and uncertainties that could cause actual results to differ
materially from those indicated, including, but not limited to,
risks and uncertainties relating to the failure of the Company to
file the Form 10-K on its expected timeline and other risk factors
discussed from time to time in the Company's filings with the SEC.
These and other factors are identified and described in more detail
in the Company's filings with the SEC, including, without
limitation, the Company's most recent Form 10-K and Form 10-Q. The
Company expressly disclaims any intent or obligation to update
these forward-looking statements other than as required by
law.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116, New York,
NY 10018
ir@ideanomics.com
Theodore Rolfvondenbaumen, Communications Director
Trolfvondenbaumen@ideanomics.com
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SOURCE Ideanomics