Welcome to our dedicated page for ADS-TEC ENERGY PLC Ordinary Shares news (Ticker: ADSE), a resource for investors and traders seeking the latest updates and insights on ADS-TEC ENERGY PLC Ordinary Shares stock.
ADS-TEC Energy PLC (NASDAQ: ADSE) is a leading innovator in the field of battery-buffered, ultra-fast electric vehicle (EV) charging technology. The company specializes in the development, production, and marketing of advanced battery storage systems, charging infrastructure, and cloud-based services that enable users to efficiently manage and control their energy solutions. Based in Ireland and publicly listed on NASDAQ, ADS-TEC Energy operates internationally with significant footprints in Europe and the United States.
The company's flagship product, the ChargeBox, is a battery-buffered, ultra-fast EV charging solution that allows vehicles to be charged in a matter of minutes, even on power-limited grids. This cutting-edge technology is designed to address the growing demand for quick and reliable EV charging, particularly in large residential complexes, city centers, and commercial properties. The ChargeBox has been successfully deployed in various high-profile locations, including the Marina Palms Yacht Club and Residences in North Miami Beach, showcasing its ability to deliver fast charging without the need for extensive electrical upgrades.
ADS-TEC Energy's portfolio also includes the ChargePost, a multifunctional charging station that integrates battery storage and offers additional revenue opportunities through features such as advertising displays and bidirectional energy trading. This innovative product has received numerous accolades, including the German Innovation Award for its excellent design and functionality.
The company has established strategic partnerships with major automotive OEMs, utility companies, and charge point operators, enhancing its market presence and expanding its customer base. Notably, ADS-TEC Energy has entered into a service partnership with Porsche, providing remote services, diagnostics, and on-site support across Europe and North America. This collaboration underscores the reliability and high performance of ADS-TEC Energy's fast-charging systems.
Financially, ADS-TEC Energy is on a strong growth trajectory, with record revenues and profitability in recent quarters. The company reported a revenue of approximately EUR 107.4 million for FY 2023, marking a significant increase from the previous year. With ongoing projects, new product launches, and expanding partnerships, ADS-TEC Energy is well-positioned to lead the EV charging infrastructure market.
For more information, visit ADS-TEC Energy's official website.
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.
ADS-TEC Energy (NASDAQ: ADSE) reported its first quarter 2024 trading update with several key highlights. Revenue reached approximately EUR 37 million, and adjusted EBITDA was around EUR 1 million. This marks the second consecutive profitable quarter. Cash reserves stood at EUR 23 million. The company expects full-year 2024 revenues to exceed EUR 200 million with positive EBITDA, supported by a strong order backlog. Operationally, ADS-TEC expanded its client base, secured strategic partnerships, and introduced ultra-fast EV charging stations in the US and Europe. Key appointments to the Board of Directors were also made to enhance leadership capabilities.
ADS-TEC Energy's ChargePost wins the Green Product Award 2024 in the mobility category for its battery-buffered rapid charging station, enabling off-grid charging within minutes. The product's features include energy storage, fast charging at up to 300 kW, and sustainability benefits.
ADS-TEC Energy (ADSE) reported record revenue in FY 2023, with EUR 107.4 million, compared to EUR 26.4 million in FY 2022. The company achieved its first profitable quarter with a fourth-quarter revenue of approximately EUR 50.3 million and an Adjusted EBITDA of EUR 4.6 million. Operational highlights include the installation of over 1,500 DCFC charging points and the formation of key partnerships. ADS-TEC anticipates revenues exceeding EUR 200 million in 2024 and expects to be EBITDA positive. The company's systems boast over 97% uptime, positioning them for continued growth and success.
ADS-TEC Energy plc (NASDAQ: ADSE) has appointed Alwin Epple, a prominent figure in the automotive industry, to its Board of Directors. With over 30 years of experience at Daimler AG and Mercedes Benz Group, Mr. Epple brings a wealth of expertise to the company. His international career trajectory showcases his ability to navigate complex markets and deliver tangible results. ADS-TEC Energy's appointment of Mr. Epple highlights the company's commitment to driving innovation and sustainable growth.
ADS-TEC Energy (ADSE) will host a business update call on April 30th, 2024, following the release of full-year 2023 results. The call will be led by CEO Thomas Speidel and CFO Wolfgang Breme. Participants can join via phone or webcast. Replay options will be available for two weeks.
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