Expion360 Partners with Alaskan Campers to Equip Truck Campers with Advanced Lithium Battery Solutions

Rhea-AI Summary

Expion360 Inc. (Nasdaq: XPON) has announced a new partnership with Alaskan Campers to equip their truck campers with advanced lithium battery solutions. Expion360's 12.8V GC2 162Ah VHC internally heated battery will now come standard in all of Alaskan Campers' product lines, with the option to expand to include two additional GC2 batteries.

Alaskan Campers, known for their unique hard-sided, pop-up truck campers, will integrate Expion360's technology to provide reliable and efficient power for outdoor enthusiasts. This collaboration aims to enhance the outdoor experience by combining Alaskan Campers' innovative designs with Expion360's advanced power solutions.

Positive

• Partnership with Alaskan Campers expands Expion360's market presence in the outdoor recreation industry
• Expion360's batteries will be standard in all Alaskan Campers' truck camper product lines
• Potential for increased sales through expandable power system options

Negative

• None.

Financial Analyst

Expion360's partnership with Alaskan Campers represents a strategic move to expand its market presence in the outdoor recreation industry. While the financial terms aren't disclosed, this deal could potentially boost Expion360's revenue and market share in the RV battery segment. The standardization of Expion360's batteries in all Alaskan Campers' product lines suggests a significant volume commitment, which could translate to steady, predictable income for Expion360. However, investors should note that the impact on Expion360's financials will depend on Alaskan Campers' sales volume and the pricing arrangement, which aren't specified in the announcement.

Market Research Analyst

This partnership aligns with the growing trend of electrification in the RV industry. The RV market has been experiencing a shift towards more technologically advanced and sustainable solutions, with lithium batteries becoming increasingly popular. Expion360's move to partner with a niche player like Alaskan Campers, known for its unique hard-sided, pop-up truck campers, could help it capture a specialized segment of the market. This strategy of targeting specific, high-value niches could prove effective in building brand recognition and loyalty among outdoor enthusiasts, potentially leading to word-of-mouth marketing and expanded opportunities in the broader RV market.

Tech Expert

Expion360's 12.8V GC2 162Ah VHC internally heated battery represents a significant technological advantage in the RV power solutions market. The internal heating feature is particularly noteworthy, as it addresses a common issue with lithium batteries in cold weather conditions. This technology could extend the usability of RVs in colder climates, potentially opening up new markets or extending camping seasons. The expandability of the system to include two additional batteries also offers flexibility for power-hungry users, which could be a key selling point. However, the true test will be the long-term performance and reliability of these batteries in real-world conditions, which will be important for customer satisfaction and potential future partnerships.

Expion360 12.8V GC2 162Ah VHC Heated Batteries to Come Standard in All of Alaskan Campers’ Truck Camper Product Lines

REDMOND, Ore., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage solutions, today announced a new partnership with Alaskan Camper, LLC d/b/a Alaskan Campers. Through this collaboration, Expion360's state-of-the-art 12.8V GC2 162Ah VHC internally heated battery will come standard in all of Alaskan Campers’ truck camper product lines.

Alaskan Campers, renowned for its unique hard-sided, pop-up truck campers, will now feature Expion360's advanced lithium battery technology. This integration ensures that outdoor enthusiasts have reliable and efficient power for their adventures. Additionally, the power system will be expandable to include two additional GC2 batteries.

Brian Schaffner, Chief Executive Officer of Expion360, commented, "We are thrilled to collaborate with Alaskan Campers, a brand that embodies the spirit of adventure and innovation. By integrating our 12.8V GC2 162Ah VHC internally heated battery as a standard feature, we are providing Alaskan Campers' customers with one of our most reliable and efficient power solutions. This partnership highlights our commitment to enhancing the outdoor experience for all adventurers."

Alaskan Campers offers the only hard-sided, pop-up truck campers on the market, providing a unique telescopic solution that raises and lowers the camper at the push of a button. These campers combine the nimbleness of a truck camper with the protection of a hard-sided RV, making them ideal for diverse terrains and climates. With extensive personalization options, customers can build their unique Alaskan Camper to reflect their style and meet their specific needs.

Rob Scheele, Principal and Chief Executive Officer at Alaskan Campers, added, "Alaskan Campers is delighted to partner with Expion360, a company renowned for designing best-in-class lithium battery solutions across industries. This partnership enables us to integrate state-of-the-art power systems into our campers, ensuring unmatched quality and reliability for those seeking the next great destination. Together, we are powering the pursuit of adventure with technology that's safer, more efficient, and built for the long run."

About Alaskan Campers

In 1953, inspired by a challenging adventure in the Alaskan wilderness, World War II veteran Don Hall and his wife Irene designed the first camper that could raise and lower, combining the comfort of home with the mobility needed for the outdoors. By 1958, the Halls launched the unparalleled “telescopic camper”, and Alaskan Campers was born. Over the years, Alaskan Campers has evolved, introducing innovative designs and expanding living spaces, all while maintaining a commitment to quality and customer satisfaction. The company prides itself on its long-term, highly-skilled craftsman employees, ensuring each custom-built camper meets high standards of durability, convenience, and functionality. With significant upgrades to their production facility and new leadership, Alaskan Campers continues to honor its adventurous roots while evolving to provide more customization options for customers. For more information, please visit Alaskan Campers.

About Expion360

Expion360 is an industry leader in premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles and marine applications, with residential and industrial applications under development. On December 19, 2023, the Company announced its entrance into the home energy storage market with the introduction of two premium LiFePO4 battery storage systems that enable residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages. Please find the press release here.

The Company’s lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other lithium-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 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 lithium-ion batteries are available today through more than 300 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the Company, visit expion360.com.

Edge, VHC, Vertical Heat Conduction and SmartTalk are trademarks of Expion360.

^© 2024 Expion360. All rights reserved.

Forward-Looking Statements and Safe Harbor Notice

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including statements about our beliefs and expectations, are "forward-looking statements" and should be evaluated as such. Examples of such forward-looking statements include statements that use forward-looking words such as "projected," "expect," "possibility,” “believe,” “aim,” “goal,” “plan,” and "anticipate," or similar expressions. Forward-looking statements included in this press release include, but are not limited to, statements relating to the integration of the Company’s products with Alaskan Campers’ products and the collaboration between the Company and Alaskan Campers. Forward-looking statements are subject to and involve risks, uncertainties, and assumptions that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by such forward-looking statements.

Company Contact:
Brian Schaffner, CEO
541-797-6714
Email Contact

External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
XPON@mzgroup.us
www.mzgroup.us

FAQ

What type of battery will Alaskan Campers use in their truck campers?

Alaskan Campers will use Expion360's 12.8V GC2 162Ah VHC internally heated battery as standard in all their truck camper product lines.

Can the Expion360 battery system be expanded in Alaskan Campers?

Yes, the power system in Alaskan Campers can be expanded to include two additional GC2 batteries from Expion360.

What is unique about Alaskan Campers' truck campers?

Alaskan Campers offers the only hard-sided, pop-up truck campers on the market, featuring a telescopic design that raises and lowers at the push of a button.

How does this partnership benefit Expion360 (XPON)?

The partnership expands Expion360's market presence in the outdoor recreation industry and potentially increases sales through standard integration and expandable power system options.