Pioneer Power Announces e-Boost Orders Totaling $3.1 Million
Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer”, “Pioneer Power” or the “Company”), a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle (“EV”) charging solutions, today announced that it has received three new orders valued at $3.1 million in the aggregate for its e-Boost mobile electric charging solutions.
- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer”, “Pioneer Power” or the “Company”), a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle (“EV”) charging solutions, today announced that it has received three new orders valued at $3.1 million in the aggregate for its e-Boost mobile electric charging solutions.
- With these orders and the current backlog, the Pioneer e-Mobility business unit is expected to deliver a record number of mobile off-grid EV charging solutions in 2024 that will significantly contribute to the revenue and operating margin of Pioneer Power Solutions in 2024.
- View the full release here: https://www.businesswire.com/news/home/20231219710504/en/
e-Boost High-Speed Charging Pod (Photo: Business Wire)
The Company expects to deliver and install these orders beginning in the first quarter of 2024. - “These orders, valued at $3.1 million in the aggregate, reflect the continued acceleration we are experiencing in the adoption of our e-Boost solutions,” commented Geo Murickan, head of Pioneer Power’s e-Mobility business.