Ads-Tec Energy PLC - ADSE STOCK NEWS

ADS-TEC Energy (NASDAQ: ADSE) has partnered with GP JOULE CONNECT to deploy 30 ChargePost and 10 ChargeBox ultra-fast charging systems in 2023. This collaboration aims to enhance e-vehicle charging infrastructure without requiring extensive power grid expansion. The battery storage-based systems will be installed in Germany and across Europe, facilitating the transformation of energy systems. GP JOULE CONNECT specializes in sustainable mobility solutions, further supporting the initiative to promote climate-friendly mobility through advanced charging technologies.

ADS-TEC Energy (NASDAQ: ADSE) has launched ChargePost, a compact, battery-based charging system for electric vehicles, providing ultra-fast charging without grid expansion. Each unit supports up to 300 kW DC power, delivering over 100 kilometers of range in minutes. ChargePost features a small footprint, with a configurable battery capacity of 143 or 201 kWh, and includes options for advertising displays. Designed for diverse locations, it offers a quick installation and supports the transition to electric mobility, especially in urban and rural settings.

ADS-TEC Energy (NASDAQ: ADSE) has launched new installation options for its ultra-fast, battery-buffered ChargeBox system, enhancing flexibility for EV charge-point operators. The ChargeBox Dispenser can now be installed indoors, while the ChargeBox Booster can be installed entirely at ground level, eliminating the need for extensive grid infrastructure upgrades. This system allows for ultra-fast charging capabilities of up to 320 kilowatts, promoting easier installation in various environments, such as parking garages and showrooms. The new options are currently available in Germany, with plans for expansion to other regions.

ADS-TEC Energy (NASDAQ: ADSE) has partnered with P97 Networks and EvGateway to simplify the integration of ultra-fast EV charging for retailers, including over 66,000 locations using P97's platform. This collaboration features ADS-TEC's ChargeBox, which offers fast charging on existing low-power grids, alleviating infrastructure challenges. The system is certified within the EvGateway network for compliance with national utility standards. The solution helps retailers enhance customer loyalty programs and extend their service offerings while contributing to the broader adoption of electric vehicles.

ADS-TEC Energy plc (NASDAQ: ADSE) has been nominated for the German President's Award for Technology and Innovation for its innovative ChargeBox system. This ultra-fast charging technology enables electric vehicles to charge at 320 kW using existing, power-limited grids, thus reducing the need for costly electrical infrastructure upgrades. ChargeBox is currently operational at over 1,000 locations in Europe and the USA, contributing to climate neutrality in transportation. ADS-TEC Energy aims to enhance e-mobility acceptance while demonstrating the potential of battery-buffered charging systems.

ADS-TEC Energy (NASDAQ: ADSE) reported strong order momentum with bookings up over 100% year-over-year for H1 2022. The company’s order backlog exceeded €176 million, fueled by growth in Europe and the U.S. International revenue increased fourfold compared to H1 2021. Financials for H1 2022 showed revenues of €9.4 million but a gross loss of €4.8 million. The company projects FY 2022 revenue between €80 to €100 million, significantly higher than FY 2021. Notably, ADS-TEC plans to open a U.S. manufacturing plant in Q4 2022.

ADS-TEC Energy (NASDAQ: ADSE) will hold its mid-year earnings call on September 12 at 10 a.m. EST. The agenda includes a review of the first half of 2022, projections for the remainder of the year, and a business update. Interested participants can register through the provided link and will receive dial-in instructions. Following the call, a recording will be available for replay on the company's website from Noon EST on September 12 to Noon EST on September 19. ADS-TEC Energy specializes in battery-buffered, ultra-fast charging technology.

ADS-TEC Energy (NASDAQ: ADSE) has announced a significant increase in order volume for its products in 2022, exceeding EUR 175 million. This includes orders for battery-buffered, ultra-fast EV charging stations and stationary storage systems. Despite challenges in the supply chain, the company assures that its sales forecasts remain unchanged, with new orders expected to contribute to revenue in 2023. CEO Thomas Speidel expressed confidence in the company’s strategy amid ongoing inflation and resource scarcity.