Wallbox Announces Retail Partnership With Costco

Wallbox (NYSE:WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, today announced that Pulsar Plus, its best-selling EV charger, will be available at Costco (NASDAQ: COST) stores across the U.S. and through Costco.com starting in July, marking Costco’s most extensive EV charging deployment to date.

“We continue to see exceptional demand for Pulsar Plus across the U.S. because of its compact form factor, energy management features, and easy installation," said Brett Graessle, VP of Partnerships and Business Development for Wallbox. "Partnering with one of the most popular membership warehouse clubs, like Costco, enables us to expand our distribution footprint and connect with a broader consumer audience. We’re excited to bring Pulsar Plus to millions of Costco members across the entire U.S. "

Costco will offer Wallbox’s Pulsar Plus 40 Amp, which features ENERGY STAR^® certification, flexible amperage settings, Bluetooth and Wi-Fi connectivity, charge scheduling, the myWallbox app, and voice control via Amazon Alexa and Google Home. Wallbox's unique energy management features such as Power Boost, Power Sharing, and Eco-smart not only eliminate the need for expensive electrical upgrades, but also save users time and money when charging. Power Boost ensures charging at top speeds without exceeding the home's power limit, while Power Sharing allows multiple EVs to charge at once by balancing power across connected chargers. The Eco-Smart feature offers an eco-friendly way to charge your EV using solar energy.

Wallbox products are assembled in the U.S. and eligible for applicable federal and local state subsidy and rebate programs. For more information about such programs, please visit Wallbox Incentives.

About Wallbox

Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 113 countries around the world. Founded in 2015 in Barcelona, where the company’s headquarters are located, Wallbox currently has more than 1,200 employees in its offices across Europe, Asia, and America. For more information, visit www.wallbox.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the private placement. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “”target,” will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; impacts resulting from the conflict between Russia and Ukraine; risks related to macro-economic conditions and inflation; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; as well as the other important factors discussed and incorporated by reference under the heading “Risk Factors” in Wallbox’s Annual Report on Form 20-F for the fiscal year ended December 31, 2022, and as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com. Any such forward-looking statements represent management’s estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

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