New CEO of Leading Li-Ion Battery Maker, Expion360, Featured on The Big Biz Show

Rhea-AI Summary

Expion360, Inc. (NASDAQ:XPON), a leader in lithium-ion battery power storage solutions, announced CEO Brian Schaffner appeared on the Big Biz Show, discussing the company's superiority in battery design and construction. Schaffner highlighted the growing preference for lithium-ion batteries over lead-acid models and outlined Expion360's plans to expand into new markets, especially home energy storage. Recent OEM partnerships, including a strategic supply deal with a major U.S. SUV manufacturer, showcase their market penetration. The company’s successful IPO on Nasdaq in April 2022 positions it favorably as a pure play in the energy storage sector, aiming to gain significant market share in various applications.

Positive

• CEO Brian Schaffner's leadership and public engagement through media appearances.
• Recent major OEM wins, including exclusive supply agreements expanding market reach.
• Expanding into high-growth markets like home energy storage, indicating potential revenue growth.

Negative

• Potential gaps in continuity and experience due to a new CEO's recent appointment.

REDMOND, OR / ACCESSWIRE / April 13, 2023 / Expion360, Inc. (NASDAQ:XPON), an industry leader in lithium-ion battery power storage solutions, announced its new CEO, Brian Schaffner, was recently a featured guest on the popular Big Biz Show, an Emmy Award-winning, nationally syndicated radio and TV program.

The show aired on cable TV and streaming services, including Roku, as well as on radio via The Biz Talk Radio Network, Armed Forces Radio and iHeart Media in 175 countries.

Podcasts of the show are now available on iHeart Radio, Apple Podcasts, Speaker.com and TuneIn, as well as to subscribers of biztv.com or ytaclub.com.

The video of the interview is also available on company's website here.

During the far-ranging interview, the Expion360 CEO discussed how the design, materials and construction of e360 lithium-ion batteries are superior to the competition, and why lithium-ion batteries are quickly displacing lead-acid batteries as the best solution for green energy storage.

He also discussed how Expion360 is preparing to expand into new, high growth market verticals, such as home energy storage, which dwarfs the company's current RV and marine market.

"I enjoyed talking with Sully and his Big Biz team about our fantastic e360 batteries and why they're considered the top choice among key OEMs and consumers looking to achieve higher energy density, dependability and safety for their energy storage needs," noted Schaffner.

"Given our strong brand, great customer service and the flexibility of our products for use across a wide range of applications, we believe we are well on track for gaining a significant share of the lithium battery market for recreational, home and industrial use and beyond."

Over the last few months, the company reported several major OEM wins, including being selected as the exclusive strategic supplier for an award-winning overland RV trailer branded by a top U.S. sports utility vehicle manufacturer and sold through its more than 5,000 dealerships across North America.

Expion360 completed a successful IPO on the Nasdaq Capital Market in April of last year as a unique pure play in its markets under the symbol "XPON."

About the Big Biz Show

Widely regarded as "Business with a Bite," the Big Biz Show is an Emmy Award-winning nationally syndicated radio and TV program. The fast-talking, hard-hitting show is hosted by Bob "Sully" Sullivan, who is also a weekly contributor on the FOX Business Network. For more information, go to bigbizshow.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 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, our dependency on third-party manufacturers and suppliers and increases in the cost or disruption of supply or shortages in any of our raw materials, battery components or raw materials used in the production of such parts, our dependency on our two warehouse facilities, the risk that lithium-ion battery cells may catch fire or release smoke and flame, 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 or to defend ourselves against intellectual property infringement claims, quality problems with our products, our ability to raise capital, 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 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

What did CEO Brian Schaffner discuss during his appearance on the Big Biz Show?

He discussed the superiority of Expion360's lithium-ion batteries and the company's market expansion plans.

How is Expion360 expanding its market presence?

The company is focusing on new verticals, especially home energy storage, which is set to significantly increase its market share.

What recent partnerships has Expion360 secured?

Expion360 was selected as the exclusive strategic supplier for an award-winning RV trailer by a top U.S. SUV manufacturer.

How did Expion360 perform in the stock market following its IPO?

The company successfully completed its IPO on Nasdaq in April 2022 under the ticker XPON.

What are the risks associated with the new CEO at Expion360?

There could be concerns about continuity and possible experience gaps following the management change.