Wallbox Announces Nationwide Partnership with City Electric Supply

Rhea-AI Summary

Wallbox (NYSE:WBX) has partnered with City Electric Supply (CES) to make its Pulsar Plus, Smart Power Meters, and EV Charging Pedestals available both online and in over 535 U.S. stores. The Pulsar Plus 48A, compatible with major EV models, offers flexible charging options and advanced features like Bluetooth and Wi-Fi connectivity. This partnership aims to enhance CES's offerings in renewable energy equipment. The products are eligible for various tax credits, including up to 30% for installation costs. The collaboration underscores Wallbox's commitment to sustainable energy solutions.

Positive

• Partnership with City Electric Supply for expanded distribution.
• Pulsar Plus 48A is compatible with popular EV models, enhancing market appeal.
• Advanced features of the Pulsar Plus include flexible amperage settings and smartphone app integration.
• Products eligible for federal and state tax credits up to 30% of installation costs.

Negative

• None.

Wallbox’s Pulsar Plus, Smart Power Meters and Pedestals Now Available for Purchase Online and In-Store at City Electric Supply locations across the U.S.

MOUNTAIN VIEW, Calif. & DALLAS, Texas--(BUSINESS WIRE)-- Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced a partnership with City Electric Supply (CES). Under this partnership, the family-owned electrical wholesale distributor has officially started to sell the 48 Amp version of Wallbox’s award-winning smart home EV charger, Pulsar Plus, along with its Smart Power Meters and Pedestals online and in over 535 stores nationwide.

“We are excited to team up with City Electric Supply and support them in their mission of becoming the go to destination for EV charging equipment for residential and commercial customers and installers,” said Douglas Alfaro the General Manager of Wallbox North America. “Our Pulsar Plus, Smart Power Meter and Pedestal are holy grail products designed to meet the evolving needs of the EV customers and smart home builders.”

Pulsar Plus 48A is compatible with all EVs and can charge powerful models on the market such as Tesla Model Y, Ford Mustang Mach-E, VW ID.4, Porsche Taycan. The Smart Power Meter is rated NEMA-4 for extreme weather events, ideal for outdoor installations. Features include flexible amperage setting, Bluetooth and Wi-Fi connectivity, charge scheduling, power sharing, the myWallbox app, and voice control via Amazon Alexa and Google Home.

“Partnering with a reputable leader in the EV space, like Wallbox, advances our commitment to provide sustainable options to our customers nationwide,” said Thomas Hartland-Mackie, CES President and CEO. “We’re thankful to team up with a company that shares in our goal to provide easy access to renewable energy equipment and Wallbox’s award-winning products speak for themselves.”

Pulsar Plus can be paired with Wallbox’s Smart Power Meter to unlock a full suite of energy management solutions such as Eco-Smart and Power Boost. This is intended to offer users increased control and flexibility over their charging, while also making the EV charger future-ready for all software upgrades without needing additional hardware.

Wallbox’s EV Charging Pedestal is a support accessory for the installation of Pulsar Plus and provides an elegant solution for standing charging stations at any parking space at homes or businesses.

Pulsar Plus 48A, Smart Power Meter and EV Charging Pedestal are available for purchase online at https://www.cityelectricsupply.com/ and in-store at more than 535 retail locations across the United States. Pulsar Plus is also eligible for most federal, state, and local tax credits and rebates where available, including the U.S. federal tax credit for up to 30% of total equipment and installation costs up to $1,000.

About Wallbox Chargers
Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 98 countries. Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs over 900 people in Europe, Asia, and the Americas. For additional information, please visit www.wallbox.com.

About City Electric Supply
City Electric Supply Company (CES) is a family-owned electrical wholesale distributor headquartered in Dallas, Texas. The company was founded in 1951 by Tom Mackie in the United Kingdom and expanded to the United States in 1983. Today, CES employs more than 3,000 people in over 600 branches across North America. CES is dedicated to providing personalized service and support for customers in the residential, commercial, and industrial marketplace. While City Electric Supply is a large company, it prides itself in keeping its founding principle of empowering people to make local business decisions by providing customers with tailored services for all their electric supply needs. To find out more about CES, visit http://www.cityelectricsupply.com.

Wallbox Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the features of Wallbox’s products. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "may," "can," "should," "could," "might," "plan," "possible," "project," "strive," "budget," "forecast," "expect," "intend," "will," "estimate," "predict," "potential," "continue" or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.

These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Wallbox’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electronic vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; and other important factors discussed under the caption "Risk Factors" in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC on November 12, 2021, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com.

These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220330005429/en/

Wallbox Public Relations Contact:

Elyce Behrsin

Public Relations

Press@wallbox.com

+34 622 513 358



Wallbox Investor Contact:

Matt Tractenberg

VP, Investor Relations

Matt.Tractenberg@wallbox.com

+1 404-574-1504

Source: Wallbox

FAQ

What products are Wallbox and City Electric Supply offering?

Wallbox and City Electric Supply are offering the Pulsar Plus 48 Amp EV charger, Smart Power Meters, and EV Charging Pedestals.

How many City Electric Supply locations will sell Wallbox products?

Wallbox products will be available in over 535 City Electric Supply locations across the U.S.

Is the Wallbox Pulsar Plus eligible for tax credits?

Yes, the Pulsar Plus is eligible for various federal, state, and local tax credits, including up to 30% off installation costs.

What is the significance of the partnership between Wallbox and City Electric Supply?

The partnership aims to enhance CES's product offerings in renewable energy equipment and expand Wallbox's market reach.

What features does the Pulsar Plus 48A EV charger offer?

The Pulsar Plus 48A includes features like Bluetooth and Wi-Fi connectivity, charge scheduling, and power sharing capabilities.