STOCK TITAN

Xos Shares Latest Customer Testimonial Video Featuring Uniform and Linen Rental Company Alsco

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer, recently announced the deployment of 30 Xos vehicles to Alsco Uniforms, a major player in the linen and uniform rental industry. This initiative supports Alsco's shift towards battery-electric operations, emphasizing sustainability and reduced carbon emissions. The vehicles have been distributed across Alsco's locations in California, including Santa Rosa and Los Angeles. Xos aims to enhance fleet efficiency and cost-effectiveness through its electric vehicle technology. This partnership marks a significant step in Xos's strategy to serve top uniform fleets, positioning the company favorably in the growing electric vehicle market.

Positive
  • Deployment of 30 electric vehicles to Alsco enhances Xos's market presence.
  • Focus on sustainability aligns with increasing demand for eco-friendly transport.
  • Partnership with Alsco supports Xos's strategy of serving leading uniform fleets.
Negative
  • None.

Leading uniform and linen company received 30 Xos vehicles across Q1 2023; emphasizes sustainability focus and supportive regulatory tailwinds for the transition to electric vehicles

LOS ANGELES, April 06, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer and fleet services provider, today shared its latest customer testimonial video featuring Alsco Uniforms (“Alsco”), one of the world’s largest linen and uniform rental companies. Watch the video on YouTube here: https://youtu.be/-eV48IlbfLE.

“Alsco is moving toward electric trucks for several different reasons, and sustainability is the driving force behind this push,” said Richard Wooten, General Manager at Alsco in the video.

Founded in 1889, Alsco is one of the oldest and largest textile services companies in the world and currently serves 355,000 customers across 180 locations. The deployment of Xos vehicles kickstarts the company’s transition to battery-electric operations among its fleet of delivery vehicles. The 30 vehicles have been deployed across Alsco’s facilities in Santa Rosa, San Jose, San Francisco, Concord, and Los Angeles.

“Reducing carbon emissions is something that Xos is passionate about, and something that Alsco is passionate about, so we couldn’t be more excited to partner with them on this journey,” said Jose Castañeda, Vice President of Business Development at Xos in the video.

With Alsco, Xos serves four of the top uniform and linen fleets in the world. Fleets interested in purchasing or leasing an Xos vehicle can reach out to Xos at (818) 316-1890 or sales@xostrucks.com.

About Xos, Inc.

Xos is a leading technology company, electric truck manufacturer, and fleet services provider for battery-electric fleets. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes. The company leverages its proprietary technologies to provide commercial fleets with battery-electric vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, visit www.xostrucks.com.

Xos Contacts
Xos Investor Relations
investors@xostrucks.com

Xos Media Relations
press@xostrucks.com  

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65a33b5e-d159-4d7a-af21-ac1a2ca68e12


FAQ

What is the recent announcement regarding Xos and Alsco?

Xos announced the deployment of 30 electric vehicles to Alsco as part of their transition to battery-electric operations.

How does this partnership impact Xos's business?

The partnership with Alsco strengthens Xos's market position and supports their focus on sustainability in the electric vehicle sector.

Where are the Xos vehicles deployed?

The vehicles have been deployed across Alsco's facilities in California, including Santa Rosa, San Jose, San Francisco, Concord, and Los Angeles.

What is the significance of the Alsco partnership for Xos?

The partnership allows Xos to serve one of the largest linen and uniform rental companies, enhancing their reputation in the electric vehicle market.

Xos, Inc.

NASDAQ:XOS

XOS Rankings

XOS Latest News

XOS Stock Data

33.32M
3.29M
59.17%
2.54%
3.67%
Farm & Heavy Construction Machinery
Motor Vehicle Parts & Accessories
Link
United States of America
LOS ANGELES