Expion360 Introduces e360 Lithium-Ion Battery Value-Added Reseller Program
Expion360, Inc. (NASDAQ:XPON) has launched a new Value-Added Reseller (VAR) program for its e360 lithium-ion battery line. This initiative aims to strengthen the company’s market presence, complementing its existing network of over 175 dealers and private-label customers. Certified VARs will provide energy storage solutions, including installation and technical support, and will benefit from protected territories. The VAR program is expected to roll out by year-end 2022, with the first VAR anticipated in Q1 2023. Expion360's batteries offer significant advantages over traditional lead-acid models.
- Launch of a new Value-Added Reseller (VAR) program may enhance market reach.
- Certified VARs to offer comprehensive services, boosting brand presence.
- Potential for increased sales through protected territories for VARs.
- Expion360's lithium-ion batteries outperform lead-acid alternatives in lifespan and performance.
- None.
REDMOND, OR / ACCESSWIRE / December 1, 2022 / Expion360, Inc. (NASDAQ:XPON), an industry leader in lithium ion battery power storage solutions, has introduced a new value-added reseller (VAR) program for its premium e360 lithium ion battery line.
The program will complement the company's other growing market channels that includes more than 175 dealers, wholesalers, private-label customers, and OEMs nationwide.
Expion360 trained and certified VARs will offer end users and businesses value-added Expion360 products and services, including energy storage engineering and design, installation, instruction, technical support, and maintenance.
"We believe the clear cost/benefit advantage of Li-ion batteries over lead-acid, combined with our superior Li-ion battery storage technology, will enable our VARs to drive faster and broader adoption of our clean power solutions," stated Expion360 CEO, John Yozamp. "Our VAR program also presents an economically advantageous way to expand our market reach and elevate our brand awareness."
VARs may be granted protected territories where they can establish their own Expion360 physical showroom or storefront, or a store-within-a-store at their existing dealership or retail location. VARs can also sell directly to a dealer base, such as RV/Marine dealerships and OEMs. The VAR locations will be featured as Renewable Energy Centers on Expion360's dealer locater map.
In exchange for protected territories, VARs will commit to certain sales targets, including purchasing inventory upon startup. VARs will be responsible for basic costs related to buildout, inventory, marketing, employee hiring and training. The marketing territory will be defined by market population.
Expion360's advanced Li-ion batteries and accessories are designed for RV, marine and other recreational applications. The styled, eye-catching appeal of Expion360 e360 lithium batteries are especially suited for displays and storefronts.
To become certified, VARs can take a four-day course either online or at the company's training center in Redmond, Oregon. The course includes an overview of the company's corporate mission and product lineup, along with product and installation training.
VARs will also learn how to engage potential customers in their local community by offering seminars held for owners of RVs, campers and boats. The seminars can educate customers on the performance advantages of Expion360's Li-ion batteries over traditional lead acid batteries, and how to easily convert from lead acid to Li-ion batteries.
Expion360 plans to officially roll out the VAR program before the end of the year and anticipates announcing its first VAR in the first quarter of 2023.
For more information about the new VAR program, call (541)797-6714 or contact the company here.
e360 Li-ion Battery Advantages Over Lead-Acid Batteries
Expion360 believes its lithium-ion batteries offer far greater capacity and space savings compared to lead-acid batteries, as well as superior design, construction and reliability compared to its lithium-ion competitors.
Since the company's batteries utilize lithium iron phosphate (LiFePO4), they can be expected to have a lifespan of approximately 12 years, or three to four times that of most lead-acid batteries. The company's typical battery also provides three times the power of the standard lead-acid battery despite being half the weight, and they have 10 times the number of charging cycles.
To purchase Expion360 lithium batteries and accessories, visit the company's online store here.
About Expion360
Expion360 is an industry leader of premium lithium batteries and accessories for recreational vehicles and the marine industry, with planned expansion into residential and industrial applications. The company sources, assembles and white-labels components and finished products. Its 360 (12V/360Ah) is 3.5x the capacity of an average RV battery and is unique in form factor.
Founded in 2016 by the company's CEO, John Yozamp, Expion360 designs and engineers its batteries out of its headquarters in Redmond, Oregon. 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). Generally, such forward-looking statements include statements regarding our expectations, possible or assumed future actions, business strategies, events or results of operations, including statements regarding our expectations or predictions or future financial or business performance or conditions and those statements that use forward-looking words such as "projected," "expect," "possibility" and "anticipate," or similar expressions. The achievement or success of the matters covered by such forward-looking statements involve significant risks, uncertainties, and assumptions. Actual results could differ materially from current projections or implied results. Factors that could cause such differences include 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 statements and assumptions made in this news release constitute forward-looking statements 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:
Tel (541)797-6714
Investor Contact:
Ronald Both
CMA Investor Relations
Tel (949) 432-7566
Email contact
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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