Expion360 Chosen as Exclusive Lithium-Ion Battery Supplier for Xtreme Outdoors Teardrop Campers
Expion360 (NASDAQ:XPON) has been selected as the exclusive supplier of lithium-ion batteries for Xtreme Outdoors, specifically for its Little Guy camper trailers. The e360™ 120Ah Li-ion batteries will be utilized across various models, including Max, Mini Max, and Micro Max, enhancing energy density and performance. This partnership is expected to boost Expion360's brand visibility within the camping community and validates its battery technology. With extensive orders already placed by Xtreme Outdoors, the expected impact on Expion360 includes growth in sales and potential upsell opportunities across its dealer network.
- Exclusive supply agreement with Xtreme Outdoors enhances brand visibility in the camper market.
- e360 batteries significantly outperform lead-acid batteries, offering better capacity, longevity, and reliability.
- Orders from Xtreme Outdoors have commenced, indicating immediate sales growth.
- None.
REDMOND, OR / ACCESSWIRE / March 9, 2023 / Expion360, Inc. (NASDAQ:XPON), an industry leader in lithium-ion battery power storage solutions, has been chosen as the exclusive supplier of high-energy lithium-ion batteries and power system components for all Little Guy lightweight camper trailers manufactured by Xtreme Outdoors.
Expion360 state-of-the-art e360™ 120Ah e360 Li-ion batteries will provide high-capacity, energy-dense storage for Little Guy trailer models, Max, Mini Max and Micro Max, as well as a new Xtreme model, Shadow.
The other components of the custom Xtreme Outdoors power system include a Cotek 2500W Inverter and a Victron Smart Shunt for battery monitoring using the VictronConnect mobile app.
Wellspring Components assisted in the design process for the system in partnership with Expion360. The design features a custom fabricated, preassembled component board that simplifies the installation process and helps sustain assembly line efficiency.
Xtreme Outdoors has already begun receiving orders for the power system from its network of more than 130 dealers across the U.S. and Canada.
"We chose Expion360 as our preferred supplier over the many competitors in the marketplace because our trailers require the most compact, energy-dense form factor possible as well as the most rugged and reliable option possible," stated Little Guy Trailers founder and director of sales, Joseph Kicos. "For this, Expion360 has shown to be far and away the best we've found. We expect the e360 battery's superior performance and their hands-on technical assistance will make this a highly sought-after upgrade by our camper owners."
According to Expion360 CEO Brian Schaffner: "Expion360's exclusive supply agreement with Xtreme Outdoors - one of the most recognizable teardrop brands in the world - greatly raises our brand awareness in the camper community. It also provides strong validation of our Li-ion battery technology and the high level of service we provide our customers both before and after the sale. We also see many upsell opportunities across their large dealership network."
Expion360 lithium batteries are increasingly becoming the preferred battery for RV manufacturers since they deliver greater capacity and space savings compared to lead-acid batteries. They also feature better construction and reliability compared to other Li-ion batteries on the market. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help to ensure top performance and safety.
e360 batteries have a typical lifespan of 12 years, which is three to four times that of most lead-acid batteries. Despite being half the weight, e360 batteries provide three times the power and 10 times the number of charging cycles compared to standard lead-acid batteries. With Expion360, adventurers can enjoy the most beautiful and remote places even longer and in greater comfort.
Expion360's signature OEM Partner Program combines safety, quality and service to enhance and strengthen its manufacturing relationships. As part of this program, the company provides technical support for OEM customers and builders that use and install its products. Xtreme Outdoors' membership of OEM Partner Program membership extends to its dealership network who can also receive technical support and training for the installation and maintenance of this new custom power system.
About Xtreme Outdoors
Xtreme Outdoors is a family of brands, including Little Guy Trailers and Teardrop Shop, that evoke the American values of freedom and adventure. The company manufactures the highest quality trailers, producing some of the most recognizable designs in the industry. Its products are proudly made by American workers at a 100,000 sq. ft. facility in Somerset, Pennsylvania. The company's trailers feature best-in-class workmanship and customer support. For more information, visit goxtoutdoors.com.
About Wellspring Components
Wellspring Components is a fourth-generation family-owned business established in 1969 as a metal manufacturing facility. In 1995, the solar division was developed and started by selling off-grid solar and battery solutions. Wellspring has two locations covering parts of IN, IL, and MI, with expansion plans to cover a larger part of the Midwest. Its team has over 30 years of combined experience in the solar and energy storage market, as well as 50 years of combined leadership experience directing the company. Wellspring installs solar systems for RVs, residential off-grid, residential, commercial, and agriculture projects. Its background with installing battery-based systems has provided a strong foundation for customers looking for battery backup solutions. To learn more, go to wellspringsolar.com.
About Expion360
Expion360 is an industry leader of premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles and marine applications,with residential and industrial applications under development.
The company's lithium batteries feature half the weight of standard lead-acid batteries while delivering three times the power and 10 times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other Li-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide ensure top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer.
The company is headquartered in Redmond, Oregon. Expion360 Li-ion batteries are available today through more than 213 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the company, visit expion360.com.
Forward-Looking Statements and Safe Harbor Notice
All statements other than statements of historical facts included in this press release are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Examples of such forward-looking statements include statements regarding our expectations regarding our business strategies and plans, growth opportunities and competitive position and those statements that use forward-looking words such as "projected," "expect," "possibility" and "anticipate," or similar expressions. Because forward-looking statements relate to the future, such forward-looking statements involve significant risks, uncertainties, and assumptions that are difficult to predict and many of which are outside our control. Actual results could differ materially from those indicated in the forward-looking statements. Factors that could cause such differences include, among others, the competitive nature of our industry and the pricing pressures that we face, our history of losses and increasing costs, our ability to continue as a going concern, our substantial customer concentration, any inability to successfully manage our growth, the impact of public health epidemics or outbreaks, our ability to expand our sales and distribution channels, our ability to expand into international markets, the limited number of ports through which our raw materials enter the United Sates and our reliance on third parties to store and ship certain inventory, uncertainty in the global economic condition, any government reviews, inquiries, investigations and other actions, changes in the cost and availability of raw materials, increases in the cost or disruption of supply or shortages in any of our battery components or raw materials used in the production of such parts, potential product liability claims, risks related to litigation, tax, environmental and other legal compliance, any failure to introduce new products and product enhancements and market acceptance of new technologies introduced by our competitors, any failure by us to adequately protect our intellectual property, quality problems with our products, risks related to our electronic data becoming compromised, our dependency on our senior management team and other key employees, any failure to keep pace with developments in technology and those discussed in our filings with the SEC. Investors should read the risk factors set forth in the Company's Prospectus filed with the SEC on April 4, 2022, previous filings, subsequent filings, and future periodic reports filed with the SEC. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.
The Company cautions that forward-looking statements are not historical facts and make no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. The information set forth herein speaks only as of the date hereof. The Company and its management are under no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statements following the date of this news release, whether as a result of new information, future events or otherwise, except as required by law.
Expion360 Contact:
Brian Schaffner, CEO
Tel (541) 797-6714
Expion360 Investor Contact:
Ronald Both
CMA Investor Relations
Tel (949) 432-7566
Email contact
Expion360 Media Contact:
Tim Randall
CMA Media Relations
Tel (949) 432-7572
Email contact
SOURCE: Expion360 Inc.
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FAQ
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