ZOOZ Power Appoints Erez Zimerman as New CEO
ZOOZ Power (NASDAQ and TASE: ZOOZ), a leader in Flywheel-based power boosting solutions for ultra-fast multi-port EV charging, has appointed Erez Zimerman as its new CEO, effective September 17th, 2024. Zimerman brings extensive experience in hardware, software, and chemistry, with a proven track record in company turnarounds, IPOs, and global sales scaling.
Previously, as CEO of Massivit 3D, Zimerman led a successful IPO, raising $52 million, and drove significant growth through product expansion and revenue increases. His career includes executive roles at major companies like HP and Stratasys, demonstrating versatility in leadership and strong execution skills.
ZOOZ Power (NASDAQ e TASE: ZOOZ), leader nelle soluzioni di potenziamento energetico basate su volani per la ricarica ultra-veloce di veicoli elettrici multi-porta, ha nominato Erez Zimerman come nuovo CEO, con decorrenza dal 17 settembre 2024. Zimerman porta con sé un'ampia esperienza in hardware, software e chimica, con una comprovata carriera nel rilancio aziendale, nelle IPO e nella scalabilità delle vendite globali.
In precedenza, come CEO di Massivit 3D, Zimerman ha guidato un'IPO di successo, raccogliendo 52 milioni di dollari, e ha stimolato una crescita significativa attraverso l'espansione dei prodotti e l'aumento dei ricavi. La sua carriera include ruoli dirigenziali in grandi aziende come HP e Stratasys, dimostrando versatilità nella leadership e forti capacità di esecuzione.
ZOOZ Power (NASDAQ y TASE: ZOOZ), líder en soluciones de potenciación de energía basadas en volantes para la carga ultra-rápida de vehículos eléctricos multi-puerto, ha designado a Erez Zimerman como su nuevo CEO, con efecto a partir del 17 de septiembre de 2024. Zimerman aporta una amplia experiencia en hardware, software y química, con un historial comprobado en restructuraciones empresariales, IPOs y escalado de ventas globales.
Anteriormente, como CEO de Massivit 3D, Zimerman lideró una IPO exitosa, levantando 52 millones de dólares, y promovió un crecimiento significativo a través de la expansión de productos y el aumento de ingresos. Su carrera incluye roles ejecutivos en importantes empresas como HP y Stratasys, demostrando versatilidad en el liderazgo y fuertes habilidades de ejecución.
ZOOZ Power (NASDAQ 및 TASE: ZOOZ)는 초고속 다중 포트 전기차 충전을 위한 플라이휠 기반의 에너지 증폭 솔루션의 선두주자로서 Erez Zimerman을 새로운 CEO로 임명했습니다, 임기는 2024년 9월 17일부터 시작됩니다. Zimerman은 하드웨어, 소프트웨어 및 화학 분야에서 광범위한 경험을 보유하고 있으며, 기업 전환, IPO, 그리고 글로벌 판매 확대에서 입증된 실적을 가지고 있습니다.
이전에는 Massivit 3D의 CEO로 재직하면서 Zimerman은 5200만 달러를 모금하는 성공적인 IPO를 이끌었고, 제품 확장과 수익 증가를 통해 상당한 성장을 이끌었습니다. 그의 경력에는 HP와 Stratasys와 같은 대기업에서의 임원 역할도 포함되어 있어, 리더십의 다재다능함과 강력한 실행 능력을 보여줍니다.
ZOOZ Power (NASDAQ et TASE : ZOOZ), un leader dans les solutions de renforcement d'énergie basées sur des volants pour la recharge ultra-rapide de véhicules électriques multi-portes, a nommé Erez Zimerman comme nouveau CEO, à compter du 17 septembre 2024. Zimerman apporte une vaste expérience en matériel, logiciel et chimie, avec un bilan éprouvé en restructurations d'entreprises, IPOs et montée en puissance des ventes à l'international.
Auparavant, en tant que CEO de Massivit 3D, Zimerman a dirigé une IPO réussie, levant 52 millions de dollars, et a stimulé une croissance significative grâce à l'expansion des produits et à l'augmentation des revenus. Sa carrière comprend des postes de direction dans de grandes entreprises telles que HP et Stratasys, démontrant ainsi sa polyvalence dans le leadership et ses fortes capacités d'exécution.
ZOOZ Power (NASDAQ und TASE: ZOOZ), ein führendes Unternehmen im Bereich von Schwungrad-basierten Energielösungen für ultraschnelles Laden von Elektrofahrzeugen mit mehreren Anschlüssen, hat Erez Zimerman als neuen CEO ernannt, wirksam ab dem 17. September 2024. Zimerman bringt umfassende Erfahrung in Hardware, Software und Chemie mit und kann auf eine nachweislich erfolgreiche Geschichte in Unternehmensumstrukturierungen, IPOs und der globalen Skalierung von Verkäufen zurückblicken.
Zuletzt war Zimerman CEO von Massivit 3D, wo er einen erfolgreichen IPO leitete und 52 Millionen US-Dollar einwarb sowie durch Produktexpansion und Umsatzsteigerungen signifikantes Wachstum vorantreiben konnte. Seine Karriere umfasst auch Führungspositionen bei großen Unternehmen wie HP und Stratasys, was seine Vielseitigkeit in der Führung und starke Umsetzungsfähigkeiten unter Beweis stellt.
- Appointment of an experienced CEO with a track record of successful IPOs and company turnarounds
- New CEO's background in hardware, software, and chemistry aligns with ZOOZ Power's technology focus
- Potential for improved global sales strategies and expansion based on the new CEO's past performance
- Potential disruption during leadership transition
- Uncertainty about how quickly the new CEO can adapt to ZOOZ Power's specific market and technology
Tel Aviv, Aug. 12, 2024 (GLOBE NEWSWIRE) -- ZOOZ POWER Ltd. (NASDAQ and TASE: ZOOZ), the leading provider of Flywheel-based power boosting and power management solutions enabling ultra-fast multi-port EV charging, announced today the appointment of Erez Zimerman as its new Chief Executive Officer. Erez is expected to start on September 17th, 2024.
With a distinguished career spanning hardware, software, and chemistry, Erez Zimerman brings a wealth of experience and a proven track record of driving company turnarounds, leading successful IPOs and acquisitions, and scaling global sales operations. Prior to joining ZOOZ Power, Mr. Zimerman held executive roles at Massivit 3D (listed for trading on the TASE), where he served as a CEO since 2019 and VP of Sales & Marketing before that.
During his tenure at Massivit, Erez spearheaded the company’s turnaround, culminating in a successful IPO on the TASE and a capital raise of
Before Massivit, Mr. Zimerman held different roles, pioneering in the 2D and 3D printing industry at Indigo / HP, Scitex Vision / HP, Objet Geometries / Stratasys, Matan / EFI. His diverse leadership positions included Electronics Team Leader, Product Marketing Manager, Asia Pacific Sales Manager, and VP Business Development, showcasing his versatility and strong execution.
Avi Cohen, ZOOZ Power’s Executive Chairman of the Board said: “We are excited to welcome Erez to ZOOZ Power, we are confident that his enthusiasm, extensive leadership experience, ability to secure fortune 500 companies as customers, and successful implementation of global sales strategies will be instrumental in leading ZOOZ Power as the company embarks on its next phase of growth and commercialization.”
About ZOOZ Power
ZOOZ Power is the leading provider of Flywheel-based power boosting and power management solutions enabling widespread deployment of ultra-fast multi ports charging infrastructure for electric vehicles (EV), while overcoming existing grid limitations.
ZOOZ Power pioneers its unique Flywheel-based power boosting technology, enabling efficient utilization and power management of a power-limited grid at an EV charging site. Its Flywheel-based technology allows high-performance, reliable, and cost-effective ultra-fast charging infrastructure.
ZOOZ Power’s sustainable, power-boosting solutions are built with longevity and the environment in mind, helping its customers and partners accelerate the deployment of fast-charging infrastructure, thus facilitating improved utilization rates, better efficiency, greater flexibility, and faster revenues and profitability growth. ZOOZ Power is publicly traded on NASDAQ and TASE under the ticker ZOOZ.
For more information, please visit: www.zoozpower.com/
Investor Contact:
Miri Segal – CEO
MS-IR LLC
msegal@ms-ir.com
Media enquiries:
Media@zoozpower.com
Forward-Looking Statement
This Press Release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations, and assumptions of ZOOZ Power. All statements other than statements of historical facts contained in this press release, including statements regarding ZOOZ Power, and any of ZOOZ Power’s strategy and future operations are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause ZOOZ Power’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and other risks and uncertainties are more fully discussed in the “Risk Factors” section of ZOOZ Power’s most recent Annual Report on Form 20-F as filed with the U.S. Securities and Exchange Commission (“SEC”) as well as other documents that may be subsequently filed by ZOOZ Power from time to time with the SEC. The words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements include, but are not limited to, statements relating to the limited operating history and evolving business model that make it difficult for investors to evaluate ZOOZ Power’s business and future prospects, material weaknesses identified in ZOOZ Power’s internal control over financial reporting and the potential results of ZOOZ Power being unable to remediate these material weaknesses, or identify additional material weaknesses in the future or otherwise failure to maintain an effective system of internal control over financial reporting, ZOOZ Power’s management’s determination that substantial doubt exists about the continued existence of ZOOZ Power as a “going concern”, changes to fuel economy standards or changes to governments’ regulations and policies in relation to environment or the success of alternative fuels which may negatively impact the EVs market and thus the demand for ZOOZ Power’s products, delays in deployment of public ultra-fast charging infrastructure which may limit the need and urgency for ZOOZ Power’s products, the potential outcome of ZOOZ Power’s collaborations with third parties for installation of its Flywheel-based power boosting solution, and the effects of the evolving nature of the war situation in Israel, and the related evolving regional conflicts, may adversely affect ZOOZ Power’s operations. These forward-looking statements are only estimations, and ZOOZ Power may not actually achieve the plans, intentions or expectations disclosed in any forward-looking statements, so you should not place undue reliance on any forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements made in this Press Release. ZOOZ Power’s management has based these forward-looking statements largely on current expectations and projections about future events and trends that such persons believe may affect ZOOZ Power’s business, financial condition and operating results. Forward-looking statements contained in this Press Release are made as of the date hereof, and none of ZOOZ Power or any of its representatives or any other person undertakes any duty to update such information except as may be expressly required under applicable law.
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