Xos Secures Purchase Order for 30 Battery-Electric Stepvans from Alsco
December 06 2022 - 7:00AM
Xos, Inc. (NASDAQ: XOS), a leading technology company which
provides fleet services, software solutions, and manufactures Class
5 through Class 8 battery-electric commercial vehicles, today
announced it has secured a purchase order for 30 of its 100%
battery-electric stepvans from global uniform and linen rental
services company Alsco Uniforms. The 30 vehicles will be split and
deployed across several of Alsco's California laundry processing
facilities as follows: nine vehicles to Santa Rosa, nine vehicles
to San Jose, seven vehicles to San Francisco, three vehicles to
Concord, and two vehicles to Los Angeles.
“We’re thrilled to add Alsco to the Xos
ecosystem and expand our footprint within the uniform and linen
services industry,” said Jose Castañeda, Vice President of Business
Development at Xos.
In its most recent sustainability report, Alsco
Uniforms outlined its latest efforts and results in building a more
sustainable business, including a reduction of water use by 50%
over the last 10 years, the elimination of paper waste by
implementing an online account management system, and an investment
in American-made fabrics with life cycles of up to 80% longer than
imported linens.
“We are thrilled to add the Xos stepvans to our
nationwide fleet,” said Tim Stuewer, Director of Operations Support
at Alsco. “The move to fleet electrification is an important pillar
of our ESG initiative. We’ve been impressed by the vehicles that
Xos has built and we’re looking forward to using them to make
uniform, linen, floor mat, first aid and restroom supply deliveries
to our many customers in California.”
A video accompanying this announcement is
available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/94bf3327-d5cd-41c2-938e-788646009f5a
About Xos, Inc.Xos is a leading
technology company, fleet services provider, and original equipment
manufacturer of Class 5 through Class 8 battery-electric vehicles.
Xos vehicles and fleet management software are purpose-built for
medium- and heavy-duty commercial vehicles that travel on
last-mile, back-to-base routes of up to 270 miles or less per day.
The company leverages its proprietary technologies to provide
commercial fleets with battery-electric vehicles that are easier to
maintain and more cost-efficient on a total cost of ownership (TCO)
basis than their internal combustion engine counterparts. For more
information, please visit www.xostrucks.com.
Xos ContactsXos Investor
Relationsinvestors@xostrucks.com
Xos Media Relationspress@xostrucks.com
About AlscoAlsco is a fifth-generation
family-owned and operated uniform company founded in 1889 and
recognized by the prestigious Hohenstein Institute for having
invented the uniform rental industry. Celebrating over 130 years of
business, Alsco provides uniform laundry services and other
products that keep businesses clean and safe for all kinds of
customers in the healthcare, automotive, industrial and hospitality
industries. With more than 180 locations and 17,000 employees,
Alsco provides laundry rental services to over 355,000 customers in
13 countries, which makes Alsco Uniforms the largest uniform
company in the world. Visit alsco.com to learn more about how Alsco
Uniforms is the industry’s best-kept secret.
Cautionary Statement Regarding
Forward-Looking StatementsThis press release may include
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include, but are not limited to, statements regarding Xos, Inc.’s
(“Xos”) expected product deliveries. These forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: (i) Xos’ ability to implement business plans,
forecasts, and other expectations, and identify and realize
additional opportunities, (ii) cost increases and supply chain
shortages in the components needed for the production of Xos’
vehicle chassis and battery system, (iii) changes in the industries
in which Xos operates, (iv) changes in laws and regulations
affecting Xos’ business, (v) Xos’ ability to retain key personnel
and hire additional personnel, (vi) the risk of downturns and a
changing regulatory landscape in the highly competitive electric
vehicle industry and (vii) the outcome of any legal proceedings
that may be instituted against Xos. You should carefully consider
the foregoing factors and the other risks and uncertainties
described under the heading “Risk Factors” included in Xos’ Annual
Report on Form 10-K for the fiscal year ended December 31, 2021
filed with the Securities and Exchange Commission (the “SEC”) on
March 30, 2022 and Xos’ other filings with the SEC copies of which
may be obtained by visiting Xos’ Investors Relations website at
https://investors.xostrucks.com/ or the SEC's website at
www.sec.gov. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and Xos assumes no obligation and does
not intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise. Xos does not give any assurance that it will achieve its
expectations.
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