ADS-TEC ENERGY PLC Ordinary Shares - ADSE STOCK NEWS

ADS-TEC Energy has announced a planned transition in its Chief Financial Officer (CFO) position. Wolfgang Breme, who has been instrumental in establishing the company's presence in capital markets, especially during its early years as a NASDAQ-listed entity, will be stepping down. The company has accelerated its succession plan, originally set for 2025, and appointed Stefan Berndt-von Bülow as the new CFO for ADS-TEC Energy PLC and its subsidiaries, effective October 14, 2024.

Berndt-von Bülow brings extensive experience as a CFO, with a strong background in high-tech product portfolios, growth-oriented organizations, and capital markets. His expertise is expected to support ADS-TEC Energy's next phase of development and growth. The Board of Directors and Management Board have expressed their gratitude to Breme for his significant contributions and wished him success in his future endeavors.

ADS-TEC Energy plc (NASDAQ: ADSE) will showcase its ChargeBox, an ultra-fast EV charging platform, at NACS Show 2024 in Las Vegas from October 8-10. The ChargeBox offers up to 320 kW charging power and is compatible with both CCS1 and NACS charging plugs. It can save operators up to 65% on peak power demand charges compared to conventional DC chargers.

The compact ChargeBox doesn't require costly utility upgrades, making it ideal for convenience stores, gas stations, and fleet operators. A study by Consumer Reports found that 89% of EV drivers make retail purchases while charging. ADS-TEC Energy customer Inland Stores reported revenue growth and increased customer traffic after installing ChargeBox systems in Tallahassee, FL.

ADS-TEC Energy plc (NASDAQ: ADSE) reported strong financial results for H1 2024. Revenues doubled to €79.3 million, a 107% increase from H1 2023. Gross margin improved significantly to €15.7 million (19.8%) from a negative margin in H1 2023. The company achieved Adjusted EBITDA of €3.6 million, marking its third consecutive profitable quarter. Operating expenses increased by 11.7% to €20.0 million, while the operating result improved to €-5.0 million.

ADS-TEC Energy expanded its customer base by 295% compared to H1 2023 and formed strategic partnerships with Caverion and Porsche. The company anticipates continued growth in H2 2024 and expects to be adjusted EBITDA positive for the full year 2024.

ADS-TEC Energy plc (NASDAQ: ADSE), a leader in battery-buffered, ultra-fast charging technology, has announced a business update webcast scheduled for September 12th, 2024, at 2:00 PM CET/08:00 AM ET. The call will be led by CEO Thomas Speidel and CFO Wolfgang Breme, following the release of the company's half-year 2024 results.

Investors and interested parties can access the live webcast through a provided link, with login recommended 5-10 minutes before the start time. The Investor Presentation will be made available on the company's website after the call, offering additional insights into ADS-TEC Energy's performance and future outlook.

ADS-TEC Energy's ChargePost ultra-fast EV charging station has won the prestigious Red Dot Design Award, making it the third accolade this year. Recognized for its superior design and functionality, ChargePost offers ultra-fast charging even with power- grid connections and features two advertising spaces. Hundreds of ChargePosts are in use across Europe, capable of charging up to 300 kW. The integrated battery storage system enables high-power charging without expensive grid expansion, providing multiple revenue streams for operators. ChargePost also recently launched enhanced features, including an optional cable suspension, a canopy, and longer charging cables, boosting its charging performance.

ADS-TEC Energy (ADSE) and Caverion are expanding their partnership to Denmark and Sweden, following an agreement for Norway. ADS-TEC Energy provides battery-buffered fast charging solutions for electric vehicles, capable of up to 320 kW charging on grids. These solutions enable the replacement of low-capacity charging points with high-capacity ones without costly grid expansions. Caverion, a leader in public charging stations in Norway, installed one-third of the country's fast charging stations in 2023. The partnership aims to leverage ADS-TEC's technology to address grid limitations and promote ultra-fast charging across the Nordics. This collaboration is based on the successful partnership in Norway and aims to meet the growing demand for fast charging infrastructure in the region.

ADS-TEC Energy unveiled new features for its ChargePost ultra-fast charging solution at Power2Drive in Munich. These enhancements include longer cables with higher current ratings, optional cable suspension systems for commercial vehicles, and a roof supporting solar PV modules. These features aim to improve customer experience, reduce energy costs, and expand the range of vehicle types supported.

The new cables can boost charging power for 400-volt vehicles, increasing from 200 amps to 400 amps with a constant current of 375 amps. ADS-TEC's technology allows fast charging even in areas with power- grid connections, leveraging integrated battery storage.

The system supports multiple applications, including solar power integration, peak load avoidance, and energy trading. The ChargePost's capabilities facilitate ultra-fast charging without costly grid expansions. ADS-TEC Energy's solutions have won multiple awards, including the German Innovation Award 2024.

ADS-TEC Energy (NASDAQ: ADSE), known for its ultra-fast charging systems, has signed a worldwide service agreement with Porsche. This partnership designates ADS-TEC Energy as the recommended service provider for Porsche centers across Europe and North America. The collaboration includes remote services, diagnostics, and on-site support, leveraging ADS-TEC Energy's ChargeBox technology. Currently, around 500 Porsche centers in Europe, the USA, and Canada use ChargeBox for EV charging. CEO Thomas Speidel highlighted the partnership as a significant vote of confidence and a boost to the transition to electric mobility.

ADS-TEC Energy's ChargePost fast-charging station has won the German Innovation Award 2024 in the category Excellence in Business to Business: E-Mobility Technologies. The award, established by the German Bundestag and sponsored by German industry, acknowledges ChargePost's unique combination of features, including its integrated battery system that enables ultra-fast EV charging even on power grids. The station, designed and produced in Germany, can charge up to 300 kW and has already been deployed in hundreds of locations across Europe. It offers off-grid charging, reducing the need for extensive network expansion, and presents new revenue opportunities for infrastructure operators.