Wallbox to Showcase Hardware and Software Energy Management Solutions at CES 2022

Rhea-AI Summary

Wallbox (NYSE:WBX) is set to unveil a new product for the North American market at CES Las Vegas, scheduled from January 5-8, 2022. The company aims to showcase its latest hardware and software solutions for home, business, and public use. Following its U.S. market launch in 2021, Wallbox's Pulsar Plus became the best-selling EV charger on Amazon within three months. The company has expanded into over 20 new markets recently, reinforcing its commitment to innovating EV charging and energy management solutions.

Positive

• Introduction of a new product tailored for North American EV drivers.
• Successful launch of Pulsar Plus, leading to significant market presence.
• Expansion into over 20 markets globally last year.

Negative

• None.

• Wallbox is expected to unveil a brand-new product designed exclusively for the North American market as it returns to CES
• The company is also expected to showcase a suite of hardware and software solutions for home, business and public use

BARCELONA--(BUSINESS WIRE)-- Wallbox N.V., (NYSE:WBX) a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced that it is expected to return to CES Las Vegas January 5-8, 2022 following its success at the event in 2020.

Visitors should be able to discover Wallbox’s latest charging and energy management solutions for the home, business, and public segments in the West Hall 6627 of the Las Vegas Convention Center. The company plans to showcase how it combines innovation with outstanding design to drive the transition to EVs and more sustainable energy use.

“We want to showcase how we are improving EV drivers' experience no matter where they are,” said Eduard Castañeda, CPO and co-founder of Wallbox. “As 80% of charging happens in the home, that’s where we started - now we are using these insights to help EV drivers by offering the best suite of solutions whether they are at home, work or travelling around the country.”

The company is part of the transportation and vehicle technology exhibit and is also expected to unveil its latest innovation, designed exclusively to meet the needs of North American EV drivers during CES. This follows the company’s successful launch into the U.S. market in 2021 when it launched Pulsar Plus, which became the #1 best-selling EV charger on Amazon within three months of launch. Wallbox has since launched Pulsar Plus 48 Amp, one of the fastest home chargers in the U.S. designed for next generation EVs, as well as Eco-Smart and PowerBoost, Wallbox’s proprietary energy management software for the home.

“Aligned with our growth in the United States, we have significantly expanded our presence at CES 2022 where we plan to meet with new and existing partners throughout the course of the event,” said Enric Asunción, CEO and co-founder of Wallbox. “Last year alone, we expanded into more than 20 new markets, bringing our products to over 80 markets globally.”

Where: Las Vegas Convention Center, West Hall 6627, Transportation/Vehicle Technology

When: January 5 - 8, 2022

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.

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. Forward-looking statements generally relate to future events or Wallbox’s future financial or operating performance. For example, forward-looking statements include but are not limited to Wallbox’s expected participation and announcements in CES. 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 Prospectus 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/20211209005579/en/

Elyce Behrsin

Public Relations

press@wallbox.com

+34 673 310 905

Source: Wallbox

FAQ

What new product is Wallbox unveiling at CES 2022?

Wallbox is expected to unveil a brand-new product designed exclusively for the North American market at CES 2022.

When is Wallbox participating in CES 2022?

Wallbox will participate in CES 2022 from January 5-8, 2022.

Where can visitors find Wallbox at CES 2022?

Visitors can find Wallbox in the West Hall 6627 at the Las Vegas Convention Center.

What is the significance of Pulsar Plus for Wallbox?

Pulsar Plus became the #1 best-selling EV charger on Amazon within three months of its launch.