Wallbox to Air its First-Ever National Televised Advertisement During the Super Bowl

Rhea-AI Summary

Wallbox (NYSE:WBX) announced its first national TV advertisement set to air during Super Bowl LVI on February 13, 2022. This follows a year of significant growth after entering the U.S. market in February 2021. Wallbox’s top-selling charger, the Pulsar Plus, has been adapted for North American consumers and became a bestseller on Amazon within three months. CEO Enric Asuncion emphasized the importance of home charging for the growing adoption of EVs, highlighting the company's commitment to simplifying EV ownership for U.S. drivers.

Positive

• Launch of first national TV advertisement during Super Bowl LVI, targeting a large audience.
• Significant growth since entering U.S. market in February 2021.
• Pulsar Plus became a bestseller on Amazon within three months, indicating strong market demand.

Negative

• None.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, announced that it would air its first-ever national television advertisement in the U.S. during Super Bowl LVI on February 13, 2022.

The announcement comes after a year of rapid growth for Wallbox, which entered the U.S. market in February 2021 and listed on the New York Stock Exchange in October.

Wallbox’s best-selling smart charger worldwide, Pulsar Plus, has been adapted to meet the growing needs of the North American market as more and more people transition to electric vehicles. Pulsar Plus is compatible with all EVs, including Tesla, and became the number one bestseller on Amazon within its first three months on the U.S. market. The 48 Amp version of Pulsar Plus is one of the fastest home charging options in the market.

“Most electric vehicle charging takes place at home and, as a global leader in this space, we have the hardware and software technology to simplify EV adoption for American drivers,” said Enric Asuncion, CEO of Wallbox. “Today the potential buyer for an EV and an EV charger in the U.S. is almost anyone shopping for a car - studies show that due to incentives and the variety of models available, most people at least consider an electric option. We want to introduce our innovative, design-led products to these consumers and the heavily-watched Super Bowl is the prime venue for us to market our brand to such a broad audience.”

About Wallbox
Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine users' relationship to the grid. Wallbox goes beyond electric vehicle charging to give users the power to control their consumption, save money, and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 80 countries.

Founded in 2015 and headquartered in Barcelona, the company now employs over 700 people in its offices in Europe, Asia, and the Americas.

For additional information, please visit www.wallbox.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 Wallbox’s televised advertisement at the Super Bowl. 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 the 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220118005638/en/

Elyce Behrsin

PR Manager - Wallbox

press@wallbox.com

Source: Wallbox

FAQ

What is Wallbox's upcoming advertisement event?

Wallbox will air its first national television advertisement during Super Bowl LVI on February 13, 2022.

When did Wallbox enter the U.S. market?

Wallbox entered the U.S. market in February 2021.

What is Wallbox's best-selling product?

Wallbox's best-selling product is the Pulsar Plus smart charger.

How quickly did Pulsar Plus become a bestseller on Amazon?

Pulsar Plus became a bestseller on Amazon within three months of its launch in the U.S.

What is the significance of Wallbox's Super Bowl advertisement?

The Super Bowl advertisement is a strategic move to market Wallbox’s innovative products to a broad audience, especially as EV adoption grows.