Xylo Technologies: Charging Robotics Lands Commercial Order for EV Wireless Charging Systems in Automatic Car Parks
Xylo Technologies (Nasdaq: XYLO) announced that its subsidiary, Charging Robotics, Inc. (OTC: CHEV), received its first commercial order for wireless charging systems in automatic parking facilities. The order, from Parking Design , is for 12 systems to be delivered throughout 2025. This follows a pilot project in Tel Aviv, Israel.
Charging Robotics' system uses machine learning and AI to manage EV charging efficiently, prioritizing based on factors like departure time and vehicle type. This technology addresses increasing electricity demand in parking facilities. The collaboration aims to revolutionize EV management and charging in automated parking environments, focusing on sustainability and operational excellence.
Xylo Technologies (Nasdaq: XYLO) ha annunciato che la sua sussidiaria, Charging Robotics, Inc. (OTC: CHEV), ha ricevuto il suo primo ordine commerciale per sistemi di ricarica wireless in strutture di parcheggio automatico. L'ordine, proveniente da Parking Design, riguarda 12 sistemi da consegnare entro il 2025. Questo segue un progetto pilota a Tel Aviv, in Israele.
Il sistema di Charging Robotics utilizza machine learning e AI per gestire la ricarica dei veicoli elettrici in modo efficiente, prioritizzando in base a fattori come l'ora di partenza e il tipo di veicolo. Questa tecnologia risponde alla crescente domanda di elettricità nelle strutture di parcheggio. La collaborazione mira a rivoluzionare la gestione e la ricarica dei veicoli elettrici negli ambienti di parcheggio automatizzati, con un focus sulla sostenibilità e l'eccellenza operativa.
Xylo Technologies (Nasdaq: XYLO) anunció que su subsidiaria, Charging Robotics, Inc. (OTC: CHEV), ha recibido su primer pedido comercial para sistemas de carga inalámbrica en instalaciones de estacionamiento automático. El pedido, de Parking Design, es de 12 sistemas que se entregarán a lo largo de 2025. Esto sigue a un proyecto piloto en Tel Aviv, Israel.
El sistema de Charging Robotics utiliza aprendizaje automático e IA para gestionar la carga de vehículos eléctricos de manera eficiente, priorizando en función de factores como el horario de salida y el tipo de vehículo. Esta tecnología aborda la creciente demanda de electricidad en las instalaciones de estacionamiento. La colaboración tiene como objetivo revolucionar la gestión y la carga de vehículos eléctricos en entornos de estacionamiento automatizados, con un enfoque en la sostenibilidad y la excelencia operativa.
Xylo Technologies (Nasdaq: XYLO)는 자회사인 Charging Robotics, Inc. (OTC: CHEV)가 자동 주차 시설에서 무선 충전 시스템에 대한 첫 상업 주문을 받았다고 발표했습니다. 이 주문은 Parking Design에서 진행되며, 2025년까지 12개의 시스템이 제공될 예정입니다. 이는 이스라엘 테라비브에서의 파일럿 프로젝트에 이어진 것입니다.
Charging Robotics의 시스템은 기계 학습 및 AI를 활용하여 EV 충전을 효율적으로 관리하며, 출발 시간과 차량 유형과 같은 요소에 따라 우선순위를 정합니다. 이 기술은 주차 시설에서 증가하는 전력 수요를 해결합니다. 이 협력은 자동화된 주차 환경에서 EV 관리 및 충전을 혁신하고, 지속 가능성 및 운영 우수성에 중점을 두는 것을 목표로 합니다.
Xylo Technologies (Nasdaq: XYLO) a annoncé que sa filiale, Charging Robotics, Inc. (OTC: CHEV), a reçu sa première commande commerciale pour des systèmes de charge sans fil dans des installations de stationnement automatique. La commande, provenant de Parking Design, concerne 12 systèmes devant être livrés d'ici 2025. Cela fait suite à un projet pilote à Tel Aviv, en Israël.
Le système de Charging Robotics utilise l'apprentissage automatique et l'IA pour gérer la charge des véhicules électriques de manière efficace, en priorisant en fonction de facteurs tels que l'heure de départ et le type de véhicule. Cette technologie répond à la demande croissante d'électricité dans les installations de stationnement. La collaboration vise à révolutionner la gestion et la charge des véhicules électriques dans des environnements de stationnement automatisés, avec un accent sur la durabilité et l'excellence opérationnelle.
Xylo Technologies (Nasdaq: XYLO) gab bekannt, dass ihre Tochtergesellschaft, Charging Robotics, Inc. (OTC: CHEV), ihren ersten kommerziellen Auftrag für drahtlose Ladesysteme in automatischen Parkanlagen erhalten hat. Der Auftrag von Parking Design umfasst 12 Systeme, die bis Ende 2025 geliefert werden sollen. Dies folgt auf ein Pilotprojekt in Tel Aviv, Israel.
Das System von Charging Robotics nutzt Maschinelles Lernen und KI, um das Laden von Elektrofahrzeugen effizient zu verwalten, wobei die Priorisierung anhand von Faktoren wie Abfahrtszeit und Fahrzeugtyp erfolgt. Diese Technologie spricht die steigende Nachfrage nach Elektrizität in Parkanlagen an. Die Zusammenarbeit zielt darauf ab, das Management und das Laden von Elektrofahrzeugen in automatisierten Parkumgebungen zu revolutionieren, wobei Nachhaltigkeit und betriebliche Exzellenz im Fokus stehen.
- First commercial order received for wireless charging systems in automatic parking facilities
- Order for 12 systems to be fulfilled throughout 2025
- Successful pilot project completed in Tel Aviv, Israel
- Technology addresses increasing electricity demand in parking facilities
- Collaboration aims to revolutionize EV management in automated parking environments
- None.
Insights
The commercial order received by Charging Robotics, a subsidiary of Xylo Technologies, for wireless EV charging systems marks a significant milestone. It shows real-world validation of their technology, moving from pilot projects to commercial deployment. This is important as it points to potential scalability and acceptance in the market. Charging Robotics is leveraging advanced machine learning and AI to optimize EV charging, a strategic move considering the growing EV market. This also aligns with the increasing emphasis on smart city solutions and sustainable technologies. From a technology perspective, this is a testament to Charging Robotics' innovation and market readiness.
The commercial order for 12 wireless EV charging systems is a positive development for Xylo Technologies' financial outlook. While the initial order may seem modest, it has long-term implications. Fulfillment throughout 2025 suggests a steady revenue stream and potential for future orders. The association with Parking Design, a reputable company, lends credibility and could open doors for more collaborations. Investors should watch for how this impacts Xylo's revenue growth and market penetration in the EV charging space. This order could signify the beginning of a broader adoption of their technology, which would be financially beneficial.
This order is significant from a market adoption perspective. The EV market is rapidly expanding and efficient charging infrastructure is a key component to its success. Charging Robotics’ systems cater to this need, making them well-positioned in a growing market. The involvement of Parking Design, known for innovative parking solutions, indicates a strategic partnership that enhances both parties' market offerings. This progress showcases the practical application and demand for advanced charging technologies, which could drive wider adoption and market share for Charging Robotics and, by extension, Xylo Technologies.
TEL AVIV, Israel, July 23, 2024 (GLOBE NEWSWIRE) -- Xylo Technologies Ltd. (Nasdaq: XYLO) (“Xylo”, and the “Company”), a technology-based company engaged in advanced innovative technologies, announced today that Charging Robotics, Inc. (OTC: CHEV) (“Charging Robotics”), an innovator of wireless charging solutions held
The purchase order is for an initial batch of 12 systems, capable of wireless charging. The system enables several EVs to be charged at the same time, significantly improving the efficiency and convenience of automatic parking facilities.
The order is scheduled to be fulfilled throughout 2025, ensuring that the systems are fully operational and integrated into Parking Design’s facilities within the year.
Charging Robotics' system leverages machine learning and artificial intelligence algorithms to efficiently manage EV charging in automatic parking facilities. This technology addresses the increasing demand for electricity by prioritizing and optimizing the charging sequence for EVs based on various parameters, such as planned departure time, vehicle type, and individual driving habits.
Charging Robotics recently installed its wireless charging system under a pilot project in an automatic parking facility in Tel Aviv, Israel.
Parking Design specializes in innovative parking solutions, providing comprehensive designs that maximize space efficiency and improve user convenience. This collaboration with Charging Robotics is set to revolutionize how EVs are managed and charged within automated parking environments, ensuring sustainability and operational excellence.
About Charging Robotics
Charging Robotics is developing various automatic wireless charging solutions such as robotic and stationary charging systems for EVs. Robotic solutions are intended to offer the driver the ability to initiate charging by use of a simple smartphone app that instructs an autonomous robot, which navigates under the EV for access and charging capabilities. Charging Robotics’ stationary systems offer various charging solutions, including automatic car parks where the company’s system enables EVs to charge in places where drivers cannot connect plugs to sockets. For further information, visit: https://www.chargingrobotics.com
About Xylo
Based in Israel, Xylo Technologies Ltd. (Nasdaq: XYLO) is a technologies company that is focused on innovative growth partnerships, mainly in advanced medical solutions, digital commerce, and electric vehicle markets. Xylo’ affiliations in the medical solutions arena include the ownership in Polyrizon Ltd. The Company’s affiliates in digital commerce include Gix Internet Ltd., and Eventer Technologies Ltd. In the electric vehicle market, Charging Robotics, Inc. and Revoltz Ltd. are also part of the Company’s portfolio of technology solution providers. Other affiliations of the Company include Parazero Technologies Ltd., Zig Miami 54 LLC.
Xylo is traded on The Nasdaq Capital Market. To learn more about Xylo’s advanced technologies, please visit https://ir.xylotech.ai/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Xylo’ current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Xylo could differ materially from those described in or implied by the statements in this press release. For example, Xylo uses forward looking statement when describing the potential of Charging Robotics and Parking Designs’ collaboration to impact the automatic parking market.
The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed in any filings with the SEC. Except as otherwise required by law, Xylo undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Xylo is not responsible for the contents on third-party websites.
Company Contact:
Tali Dinar
Chief Financial Officer
ir@medigus.com
Investor Relations Contact:
Michal Efraty
Investor Relations,
michal@efraty.com
FAQ
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