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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 (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
ADS-TEC Energy announces the appointment of Wolfgang Breme as Chief Financial Officer (CFO) effective July 1, 2022. Breme brings over 20 years of international financial management experience from companies like AIXTRON SE and technotrans SE. His expertise includes financial oversight and capital market strategies within high-tech sectors. CEO Thomas Speidel emphasizes that this appointment reinforces the company's leadership in battery-buffered ultra-fast charging systems. Robert Vogt continues as Chief Accounting Officer, maintaining a stable management structure.
ADS-TEC Energy has released a white paper demonstrating that its ultra-fast, battery-buffered charging technology can reduce charging operators' total cost of ownership by up to 30%. As electric vehicles gain traction, the paper addresses the challenges posed by current grid limitations and highlights how ADS-TEC's technology can help expand charging infrastructure effectively. The research was conducted with SAI Group, emphasizing the importance of battery-buffered systems in achieving a net-zero emissions future.
ADS-TEC Energy (NASDAQ: ADSE) announced that its Founder and CEO, Thomas Speidel, will participate in a panel at The Financial Times Future of the Car summit on May 12, 2022, during the event's EV Battery Day. The panel, titled 'Building the EV charging infrastructure in time,' will examine strategies for effectively deploying EV charging solutions, including initiatives like California’s fast-charging program. Other panelists include industry experts from McKinsey & Company, Volkswagen Group Components, and National Grid, with Imogen Pierce moderating the session.
ADS-TEC Energy (NASDAQ: ADSE) reported its FY2021 financials, revealing a revenue of €33 million and an IFRS gross loss of €2.3 million. Despite a contract backlog exceeding €60 million, the company experienced a 30% revenue drop year-over-year due to the completion of an initial Porsche order. For FY2022, ADSE forecasts revenue growth to €80-€100 million, primarily in the second half of the year, supported by a robust order backlog. The company aims to sell 400 to 500 charging units in FY2022. Ending FY2021, ADSE had €102 million in cash and no debt.
ADS-TEC Energy (NASDAQ: ADSE) will host its first earnings call on April 28 at 10 a.m. EST. The agenda includes audited financials for 2021, progress updates, and projections for 2022. Interested parties can register here.
A recording will be available after the call on the ADS-TEC Energy website.
On March 10, 2022, GenZ EV Solutions and ADS-TEC Energy introduced a groundbreaking battery-buffered ultra-fast charging system at the NADA Convention. The system can deliver up to 320kW, charging vehicles for a 100-mile range in under 10 minutes. This technology aims to address the growing demand for effective EV charging solutions, with projections indicating that 50% of vehicles sold in the U.S. will be EVs by 2030. GenZ EV has been designated as the distributor for ADS-TEC's technologies in the Americas, emphasizing their commitment to facilitating the EV infrastructure transition.
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