NEW
YORK, Oct. 25, 2022 /PRNewswire/ --
Ideanomics (Nasdaq: IDEX), a global company focused on
accelerating the commercial adoption of electric vehicles (EV), is
strengthening its position as a leading commercial electric vehicle
and charging OEM by establishing in-house digital and data
technology capabilities. Ideanomics Digital will provide a
cost-efficient, standardized process to develop and deploy advanced
digital solutions across the enterprise, as well as provide a new
revenue stream.
"Electric vehicles and charging infrastructure generate vast
streams of high-value data," says Nigel
Walker, Vice President for Ideanomics Digital. "We are
developing cutting-edge solutions that enable our customers to
realize the full value of this data - from using predictive
analytics to prevent small problems from becoming big issues to
using telematic data to enhance operational performance, to using
sustainability data to visualize ESG and climate impact."
Ideanomics has also established a three-year partnership with
Google Cloud. Under the terms of the agreement, Ideanomics will
host its technology platform on Google Cloud's advanced, scalable,
and secure infrastructure, leveraging the AI and security features
Google Cloud extends to its partners.
Beyond the technical support, this partnership will raise
Ideanomics' profile as a leading electric mobility and
sustainability solutions provider, while Ideanomics products will
support Google Cloud's continued focus on sustainability.
"Electrification is a revolution. As the adoption of electric
vehicles increases, so too will the need for solutions that
simplify the transition and operation of EV fleets," said Urs
Hölzle, SVP Infrastructure, Google Cloud. "Through this
partnership, Google Cloud will support Ideanomics with our secure,
flexible, and global cloud infrastructure so it can provide
customers with the solutions they need to successfully operate
integrated EV fleets."
Ideanomics Digital is already collaborating with Ideanomics
Energy to develop its energy cloud platform. Built on Google Cloud,
the platform will leverage Google Cloud's advanced AI functionality
to collect and analyze telematics from all Ideanomics products as
well as third-party EVs and charging infrastructure. Google Cloud's
superior AI and filtering tools enable better security and further
scalability of the platform. This technology-neutral approach is a
first for the industry, giving fleet operators a single, unified
view of their entire EV value chain regardless of make or
model.
Earlier, Ideanomics Digital developed and launched WareSmart, a
tool to help Southern California
warehouse operators plan and implement clean fleet technology to
comply with local regulations. Looking ahead, Ideanomics Digital
has a strong roadmap of exciting projects under development.
Ideanomics Digital's technology portfolio includes a secure,
zero-trust, data collaboration platform marketed to highly
regulated industries. Ideanomics Digital is leveraging its digital
security to create solutions to protect data for all Ideanomics
vehicles and charging infrastructure.
Ideanomics is solving the complexity of fleet electrification by
bringing together high-performance electric vehicles, charging
infrastructure and financing solutions under one roof. Through its
three verticals, Mobility, Energy and Capital, the company provides
turnkey commercial electrification solutions for customers, no
matter where they are on their electrification journey.
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.
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