Phoenix Motorcars Showcases Third Generation All-Electric Box Truck at the Harbor Trucking Association DrayTECH Show

Rhea-AI Summary

SPI Energy Co., Ltd. (SPI) announced the participation of its subsidiary Phoenix Motorcars at DrayTECH 2021 on September 10, 2021, in Long Beach, California. The event focused on freight technology and logistics solutions for the drayage and port industry. Phoenix Motorcars showcased its ZEUS 600 all-electric box truck, highlighting features that include a range of up to 160 miles and customizable options for various delivery needs. The company aims to facilitate cleaner transportation solutions in the logistics sector.

Positive

• Showcased the ZEUS 600 all-electric box truck with a range of up to 160 miles.
• Customization options available for varied delivery needs, appealing to diverse customers.
• Participation in DrayTECH 2021 positions SPI favorably to attract new business in the logistics sector.

Negative

• None.

ANAHEIM, CA / ACCESSWIRE / September 14, 2021 / SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (NASDAQ:SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, today announced Phoenix Motorcars, a division of the Company participated at DrayTECH 2021 on September 10 at the Hotel Maya in Long Beach, California.

Organized by the Harbor Trucking Association, DrayTECH 2021 brought together top companies offering freight technology and logistics transportation solutions for the drayage and port industry. Phoenix Motorcars showcased its ZEUS 600 all electric Box Truck which offers industry leading range of up to 160 miles. The truck can be ordered in a range of options including 14' or 16' foot box with modular packs allowing up to 70, 100, 130 or 160 mile ranges. The truck can also be configured with a flatbed, utility, service, cargo or other custom body styles.

As ports and shipping companies are investing in reducing the carbon emissions of their operations, the electric box trucks from Phoenix are well suited to satisfy final mile deliveries for both big & bulky shipments and small packages. Phoenix Motorcars also has a dedicated Charger & EV Infrastructure division that supports all customers with designing and implementing their charging infrastructure.

About Phoenix Motorcars

Phoenix Motorcars is a leader in developing medium-duty electric vehicles for commercial markets with a primary focus on class 3 & 4 vehicles, and EV charging solutions. Phoenix Motorcars strives to provide fleets with clean transportation and renewable energy through advanced technology solutions and remains committed to excellence in electric vehicle innovation. Phoenix Motorcars offers a range of vehicle configurations, including shuttle buses, utility trucks, service trucks, flatbed trucks, walk-in vans, cargo trucks and school buses, and full range of residential and commercial EV charging solutions. For more information, please visit www.phoenixmotorcars.com.

About SPI Energy Co., Ltd.

SPI Energy Co., Ltd. (Nasdaq: SPI) is a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions that was founded in 2006 in Roseville, California and its operation headquarters is in Santa Clara, California.

The company has three core divisions: SolarJuice residential solar, the commercial & utility solar division comprised of SPI Solar and Orange Power, and the Edisonfuture/Phoenix Motor EV division. SolarJuice is the leader in renewable energy system solutions for residential and small commercial markets and has extensive operations in the Asia Pacific and North America markets. The commercial & utility solar division provides a full spectrum of EPC services to third party project developers, and develops, owns and operates solar projects that sell electricity to the grid in multiple countries, including the U.S., U.K., and Europe. Phoenix Motor is a leader in medium-duty commercial electric vehicles, and is developing EV charger solutions, electric pickup trucks, electric scooters, and other EV products.

SPI maintains global operations in North America, Australia, Asia and Europe and is also targeting strategic investment opportunities in fast growing green industries such as battery storage, charging stations, and other EVs which leverage the Company's expertise and substantial solar cash flow.

For more information on SPI Energy and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company's public filings and press releases available under the Investor Relations section at www.SPIgroups.com or available at www.sec.gov.

Forward-Looking Statements

This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as may," "might," "will," "intend," "should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate," "predict," "outlook," "potential," "plan," "seek," and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's current expectations and speak only as of the date of this release. Actual results may differ materially from the Company's current expectations depending upon a number of factors. These factors include, among others, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the "Risk Factors" section of the Company's annual report filed on Form 20-F filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to revise or update any forward-looking statements.

SPI Energy Co., Ltd. Contact:

IR Department
ir@spigroups.com
Randy Conone, SVP of Investor Relations & Finance
randy.conone@spigroups.com

Dave Gentry
RedChipCompanies, Inc.
Phone:(407) 491-4498
dave@redchip.com

SOURCE: SPI Energy Co., Ltd.

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FAQ

What event did SPI Energy participate in on September 10, 2021?

SPI Energy participated in DrayTECH 2021, held on September 10, 2021.

What is the range of the ZEUS 600 truck showcased by Phoenix Motorcars?

The ZEUS 600 truck offers a range of up to 160 miles.

What type of vehicles does Phoenix Motorcars develop?

Phoenix Motorcars develops medium-duty electric vehicles, focusing on class 3 & 4 vehicles.

How does Phoenix Motorcars contribute to reducing carbon emissions?

Phoenix Motorcars provides electric box trucks that are suited for final mile deliveries, helping ports and shipping companies to reduce carbon emissions.

What are the key features of the ZEUS 600 truck?

The ZEUS 600 truck features a customizable design allowing for different body styles and a range of battery options.