Ads-Tec Energy PLC - ADSE STOCK NEWS

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.

ADS-TEC Energy (NASDAQ: ADSE) announced a partnership with GenZ EV Solutions as its distributor for electric vehicle (EV) charging solutions in North and South America. GenZ EV, founded by automotive experts, will distribute ADS-TEC's cutting-edge battery-buffered charging technology, which allows ultra-fast charging (up to 320 kW) on existing low-power grids. This collaboration aims to facilitate the deployment of EV chargers across a multi-billion dollar automotive market with 18,000 U.S. automotive dealers. GenZ EV will also provide premium services to support businesses transitioning to eMobility.

ADS-TEC Energy (NASDAQ: ADSE) announced a significant order from Smart City Capital for over 200 ultra-high-speed ChargeBox EV charging stations to be deployed in Florida, marking the largest U.S. order to date. The $30 million purchase emphasizes the growing demand for efficient, battery-buffered charging solutions, particularly in energy-challenged areas. This deployment aims to facilitate sustainable energy transformation while minimizing infrastructure upgrades. Future phases are anticipated in 13 states, showcasing ADS-TEC Energy's commitment to accessible and efficient EV charging solutions.

ADS-TEC Energy (NASDAQ: ADSE) announced the appointments of Gowton Achaibar as president and CEO of its U.S. subsidiary and John Tuccillo as global head of corporate affairs. This expansion aims to enhance operations and meet the growing demand for their battery-buffered ultrafast charging technology for electric vehicles. Achaibar brings over 30 years of experience, including a significant role at Ericsson, while Tuccillo has a strong background in sustainability and marketing. The company seeks a North American manufacturing site to support growth.