ADS-TEC Energy Announces Increased Flexibility for Installing its ChargeBox EV Charging System, Indoors or Outdoors
20 October 2022 - 11:30PM
Business Wire
- ADS-TEC Energy's ChargeBox Dispensers can now be used as part
of an ultra-fast, battery-buffered EV charging solution for indoor
areas, such as parking garages, showrooms or halls
- The ChargeBox Booster outdoor battery system can now be
completely installed at ground level, saving time and installation
costs
- No need for costly expansion of the existing grid
infrastructure
ADS-TEC Energy (NASDAQ: ADSE) today announced two new
installation options for its ultra-fast, battery-buffered ChargeBox
system, increasing its flexibility for charge-point operators, who
can now more easily install the electric vehicle (EV) charging
system either indoors or outdoors.
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the full release here:
https://www.businesswire.com/news/home/20221020005336/en/
Two new installation options for the
ultra-fast, battery-buffered ADS-TEC Energy ChargeBox system
increase its flexibility for EV charge-point operators. The
ChargeBox Dispenser can now be installed indoors. In addition, the
ChargeBox Booster outdoor battery—which was previously installed
partly underground—can now be completely installed at ground level,
minimizing the installation effort, saving time and reducing costs.
(Graphic: Business Wire)
As part of this update, the ChargeBox Dispenser can now be
installed indoors. In addition, the associated ChargeBox Booster
outdoor battery—which was previously installed partly
underground—can now be completely installed at ground level. This
minimizes the installation effort significantly, as digging or
boring are not required, saving time and reducing costs. The
ChargeBox Booster can be installed up to 200 meters (656 feet) from
the grid connection point and up to 100 meters (328 feet) from the
ChargeBox Dispensers, and the install requires only about 1.5
square meters (16 square feet) of floor or ground space. The system
continuously charges up from even low-power electrical grids,
storing and boosting the charging power up to 320 kilowatts for
ultra-fast charging of vehicles within minutes.
Indoor capability for more applications The ChargeBox
Dispenser for indoor installation is a leading solution for use in
locations with limited power supply. Customers and operators of
ultra-fast charging stations can thus open completely new areas of
use and expand their business models: The dispenser can be
installed in parking lots and underground garages, as well as in
showrooms and halls. Particularly in urban areas, many customers
rely on underground garages and have limited outdoor space. Car
dealerships can also benefit and respond even more flexibly to the
growing demand for EVs and test drives. "We have had a number of
inquiries from large customers expressing the need for ultra-fast
charging of e-vehicles inside buildings in order to run their
electric vehicle business even more effectively. We are pleased to
be able to serve this need," said John Neville, chief sales
officer, ADS-TEC Energy.
Thomas Lächner, head of department sales representative EU,
said: "This is a tremendous added value that further increases the
attractiveness of our ultra-fast chargers and fills an important
gap in the expansion of charging infrastructure in the available
distribution grids. Our ultra-fast charging systems, which are not
dependent on large grid connections like conventional systems, far
outperform in many use cases – and total cost of ownership."
The ultra-fast, battery-buffered ADS-TEC Energy ChargeBox system
often has proven to be more sensible and lucrative than
conventional charging systems not only in existing buildings—where
a grid extension for ultra-fast charging is usually too expensive,
too time consuming or impossible to implement—but also in new
parking garages and showrooms. Calculations at customers' sites
have shown that, in the long term, considerable savings potential
can be achieved compared to a charging solution with corresponding
new expansion of the existing grid infrastructure.
The new installation options are available now in Germany and
are planned for other European countries and the US.
About ADS-TEC Energy ADS-TEC Energy plc, a public limited
company incorporated in Ireland and publicly listed on NASDAQ
(“ADS-TEC Energy”), serves as a holding company for ads-tec Energy
GmbH, our operating company incorporated in Germany (“ADSE GM”) and
ads-tec Energy Inc., a US subsidiary of ads-tec Energy GmbH (“ADSE
US” and together with ADS-TEC Energy and ADSE GM, “ADSE”). Based on
more than ten years of experience with lithium-ion technologies,
ADS-TEC Energy develops and manufactures battery storage solutions
and fast charging systems including their energy management
systems. Its battery-based, fast charging technology enables
electric vehicles to ultrafast charge even on low powered grids and
features a very compact design. The high quality and functionality
of the battery systems are due to a particularly high depth of
development and in-house production. With its advanced system
platforms, ADS-TEC Energy is a valuable partner for automotive,
OEMs, utility companies and charge-operators.
More information on: www.adstec-energy.com
Forward-looking Statements This press release contains
forward-looking statements within the meaning of the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995.
Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believes,” “predicts,” “potential,” “continue,” and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements include statements
regarding our financial outlook for 2022, our expectations with
respect to future performance and the anticipated timing of certain
commercial activities. There are a significant number of factors
that could cause actual results to differ materially from the
statements made in this press release, including: the impact of the
COVID-19 pandemic, geopolitical events including the Russian
invasion of Ukraine, macroeconomic trends including changes in
inflation or interest rates, or other events beyond our control on
the overall economy, our business and those of our customers and
suppliers, including due to supply chain disruptions and expense
increases; our limited operating history as a public company; our
dependence on widespread acceptance and adoption of EVs and
increased installation of charging stations; our current dependence
on sales to a limited number of customers for most of our revenues;
overall demand for EV charging and the potential for reduced demand
for EVs if governmental rebates, tax credits and other financial
incentives are reduced, modified or eliminated or governmental
mandates to increase the use of EVs or decrease the use of vehicles
powered by fossil fuels, either directly or indirectly through
mandated limits on carbon emissions, are reduced, modified or
eliminated; supply chain interruptions and expense increases;
unexpected delays in new product introductions; our ability to
expand our operations and market share in Europe and the U.S.; the
effects of competition; changes to battery energy storage
standards; and the risk that our technology could have undetected
defects or errors. Additional risks and uncertainties that could
affect our financial results are included under “Item 3. Key
Information – 3.D. Risk Factors” in our annual report on Form 20-F
filed with the Securities and Exchange Commission (the “SEC”) on
April 28, 2022, which is available on our website at
https://adstec-energy.com/investor-relations-corporate-governance/
and on the SEC’s website at www.sec.gov. Additional information
will also be set forth in other filings that we make with the SEC
from time to time. All forward-looking statements in this press
release are based on information available to us as of the date
hereof, and we do not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made,
except as required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221020005336/en/
Media Contacts: For ADS-TEC Energy
Europe: Dennis Müller SVP Product Marketing &
Communication press@ads-tec-energy.com
For ADS-TEC Energy United States:
Barb Hagin Breakaway Communications bhagin@breakawaycom.com +1
408-832-7626
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