Pioneer Power Awarded Pilot Project from Fortune 100 E-Commerce Retailer

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Pioneer Power Awarded Pilot Project from Fortune 100 E-Commerce Retailer

2024-12-03 22:06 Last Updated At：22:11

FORT LEE, N.J.--(BUSINESS WIRE)--Dec 3, 2024--

Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer” or the “Company”), a leader in the design, manufacture, service and integration of distributed energy resources, power generation equipment and mobile electric vehicle (“EV”) charging solutions, today announced a groundbreaking pilot program with a Fortune 100 e-commerce retailer to specifically tackle the “grid gap” challenge between the increasing power needs of its electric delivery fleet and the limited amount of grid supplied power at its depots.

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As part of the pilot program, the Company will provide multiple e-Boost mobile charging units and will also service and monitor the units for several months for a simple, all-inclusive, monthly fee.

This initiative will deploy Pioneer's e-Boost mobile EV charging solutions at one of the retailer’s major Last Mile Delivery (“LMD”) depots in the Midwest, addressing its critical challenge of fast charging an increasing number of electric vans and trucks while balancing limited power delivery from major utilities. By providing a scalable, power dense and sustainable solution, Pioneer aims to enable the widespread adoption of EVs in LMD fleets nationwide.

The pilot's primary objective is to gather data on the practicality and effectiveness of e-Boost in supporting the increasing EV charging demands. The e-commerce retailer plans to ascertain, coalesce and analyze enough data to substantiate deploying more e-Boost solutions in all the major metros that it serves. This collaboration is expected to form an integral part of the retailer’s plan to address its growing charging needs at LMD depots across the United States.

Nathan Mazurek, Chairman and CEO of Pioneer, commented, “This pilot project showcases our commitment to innovation and sustainability in the LMD sector. By building off of this initiative, we aim to continue pushing the boundaries of what is possible in carbon-free truck and van adoption, while expanding our e-Boost platform and providing new near zero-carbon charging solutions.”

For the pilot, Pioneer is providing an e-Boost Mobile Max, a trailer-based solution that has up to 240kW of Level 3 charging available on board for charging EVs for heavy-duty semi-trucks along with two separate Level 2 chargers for overnight charging of EV delivery vans.

Geo Murickan, President of Pioneer eMobility, added, “e-Boost is driving the transition to a net-zero future with our sustainable, low-carbon propane-powered EV charging solutions. We’re delighted to work with this leading global e-commerce retailer on this innovative pilot project. When scaled successfully, this could provide new ways for the retailer to rapidly advance sustainability for the fleet management companies it works with.”

The Company believes that e-Boost is continuing to bring more innovative solutions to the mobile EV charging market. In 2024, Pioneer deployed products from all four of e-Boost’s current platforms; Mini, Mobile, Pod and G.O.A.T. In 2025, e-Boost is expected to scale additional platforms including solutions that specifically address the residential market, HOMe-Boost, the new, hybrid battery-interface solutions with SparkCharge, Inc. and the rapidly growing microgrid market.

About Pioneer Power Solutions, Inc.

Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, refurbishment, service and distribution of electric power systems, distributed energy resources, power generation equipment and mobile electric charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.

e-Boost is Pioneer’s portfolio of smart, mobile EV charging solutions. The Company has been aggressively marketing e-Boost to electric bus and truck manufacturers, fleet management companies, municipalities and EV infrastructure providers since its initial launch in November 2021.

Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the federal securities laws. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company’s ability to successfully operate its business after the divestiture of its E-Bloc business, (ii) the Company’s ability to successfully increase its revenue and profit in the future, (iii) general economic conditions and their effect on demand for electrical equipment, (iv) the effects of fluctuations in the Company’s operating results, (v) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (vi) the Company’s dependence on two customers for a large portion of its business, (vii) the potential loss or departure of key personnel, (viii) unanticipated increases in raw material prices or disruptions in supply, (ix) the Company’s ability to realize revenue reported in the Company’s backlog, (x) future labor disputes, (xi) changes in government regulations, (xii) the liquidity and trading volume of the Company’s common stock, (xiii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event, (xiv) risks associated with litigation and claims, which could impact our financial results and condition, and (xv) the Company’s ability to maintain compliance with the continued listing requirements of the Nasdaq Capital Market.

More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s Annual and Quarterly Reports on Form 10-K and Form 10-Q, respectively. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Trump's family circle has a different look as he returns to the White House

2025-01-19 05:50 Last Updated At：06:00

WASHINGTON (AP) — When Donald Trump returns to the White House on Monday, his family circle will look a little different than it did when he first arrived eight years ago.

His youngest son, Barron, was in fifth grade back then. He's now a college freshman who towers over his 6-foot-plus (1.8-meter-plus) dad. Granddaughter Kai, who was 9 in 2017, is now an aspiring social media influencer and impressive golfer. Grandson Joseph, who posed in Trump's lap with a Lego model of the White House last time, is 11 now.

The most prominent relatives in Trump's political sphere, daughter Ivanka and her husband, Jared, are in Florida this time around after working in his first administration.

Family members can provide presidents with a ready source of moral and sounding-board support, companionship and even relief from the world's problems. Not to mention creating headaches for the president at times, too.

“Family can do things that other people can’t, and they can be trusted in a way that other people also can’t,” said Tevi Troy, a former George W. Bush administration official and author of several books about the presidency. “Everyone needs someone they can talk to late at night when you let your hair down, so to speak.”

The president-elect has five children — three of whom are married — from his marriages to Ivana Trump, Marla Maples and current wife Melania Trump. He has 10 grandkids, with an 11th on the way.

A look at Trump's family circle, then and now:

THEN: She spent the opening months of Trump's term at the family's Manhattan penthouse so that 11-year-old Barron wouldn't have to switch schools in the middle of the year. After moving to the White House, she traveled around the United States and to other countries, alone and with Trump, partly to promote her “Be Best” children's initiative while fiercely guarding her privacy.

NOW: She avoided active campaigning during Trump's 2024 run, limiting her public appearances to key moments, such as the campaign's launch, the Republican National Convention and election night. She released a self-titled memoir late last year and will be the subject of a documentary distributed by Amazon Prime Video that is expected to be released later this year. While some doubt that Trump's 54-year-old wife will spend much time at the White House, she said on Fox News' “Fox & Friends” that she has already packed and picked out the furniture she wants to take to the executive mansion.

THEN: Trump’s eldest son, now 46, campaigned for his father in 2016 and 2020.

NOW: Trump Jr.’s influence has grown to the point that he lobbied his father to choose close friend JD Vance for vice president. He also pushed for former Democratic Rep. Tulsi Gabbard and Robert F. Kennedy Jr., the president-elect’s picks for director of national intelligence and health and human services, respectively. Trump Jr. helps run the family real estate business and is an honorary chairman of Trump’s transition. He has a podcast and has said his role is to prevent “bad actors” from getting into the administration. He recently flew on his father's airplane to Greenland; the president-elect has expressed a desire to take control of the mineral-rich Danish territory.

Trump Jr. has five children — or “smurfs,” as he sometimes refers to them — with his former wife, Vanessa Trump. They are Kai Madison, 17; Donald John III, 15; Tristan Milos, 13; Spencer Frederick, 12; and Chloe Sophia Trump, 10.

THEN: Ivanka, 43, campaigned for her father in 2016 and moved her family from New York City to Washington to work in his White House as a senior adviser. She was on the campaign trail in 2020, too, but she and her family moved to Florida and retreated from the spotlight after his loss.

NOW: As Trump geared up for the 2024 run, Ivanka announced that she loved and supported him but was getting out of politics to focus on her husband and their three kids. She did, however, join her father and other family members on election night and when he rang the bell at the New York Stock Exchange in early December after Time magazine named him Person of the Year. She told “The Skinny Confidential” podcast that this time around she just wanted to “show up for him as a daughter” and be there to watch a movie or a sports game.

Ivanka and her husband have three children: Arabella Rose, 13; Joseph Frederick, 11; and Theodore James Kushner, 8.

THEN: The 40-year-old helped run the family business and participated in his father's campaigns.

NOW: Eric is also an honorary chair of the transition and a close adviser to his father. But he continues to focus more on running the family business. In September, he and his brother started a crypto platform called World Liberty Financial, and their father helped launch it in an interview on the X social media platform.”

Eric and his wife, Lara, have two children: Eric Luke, 7, and Carolina Dorothy Trump, 5.

THEN: Trump's daughter with second wife Marla Maples was 23 and a recent University of Pennsylvania graduate who kept a low profile when Trump was first elected.

NOW: She was more present in the 2024 campaign but still largely avoids the spotlight. Tiffany, 31, and her husband, Michael Boulos, are expecting their first child this year. Boulos is a businessman who traveled with Trump in the final stretch of the campaign. His father is Massad Boulos, a Lebanese American businessman who helped Trump with the influential Arab American community in the swing state of Michigan. Trump has named Massad Boulos to be a senior adviser on Arab and Middle Eastern affairs.

THEN: At the start of Trump's first term, Barron and his mother stayed at the family's Trump Tower penthouse in Manhattan so he could finish his school year. When they got to Washington, his soccer net appeared in what’s known as the first lady’s garden.

NOW: Barron, 18, is a freshman New York University business student. His parents and Trump campaign officials credit him for recommending podcasts popular with young men that the president-elect appeared on during the campaign. Barron will have a bedroom in the White House, Melania Trump said on “Fox & Friends.”

Donald Trump said Barron had helped introduce hm to people he had never heard of. before.

“He was very good,” the president-elect told NBC News in a telephone interview Saturday. “It’s the new wave. And he was very helpful.”

His mother had told “Fox & Friends” last year that “I’m very proud of him, about his knowledge, even about politics and giving an advice to his father. He brought in so many young people. He knows his generation.”

THEN: Trump's daughter-in-law, 42, campaigned for him during all his runs. After Trump lost to Democrat Joe Biden in 2020, she considered running for a U.S. Senate seat from her home state of North Carolina but ultimately decided against it. She became a Fox News commentator.

NOW: As Trump revved up his 2024 campaign, he installed his daughter-in-law as co-chair of the Republican National Committee, where she was a TV-ready advocate overseeing fundraising, voter outreach and the party’s “election integrity” initiative. She stepped down from the RNC after the election and removed her name from consideration as a possible successor to Sen. Marco Rubio, R-Fla., Trump's choice for secretary of state.

Lara Trump is passionate about fitness and has her own line of activewear. She also has explored a side venture as a singer and has released some songs. Daughter Carolina is named after her home state.

THEN: Kushner, 44, was also a key figure in Trump’s 2016 campaign. He joined his wife in the White House as a senior adviser, a role that included working on U.S. policy toward Israel and the broader Middle East.

NOW: Kushner has stepped out of the political spotlight — but his father could soon step in. Trump announced after the election that he intends to nominate Charles Kushner, a real estate developer, to be U.S. ambassador to France. The elder Kushner was pardoned by Trump in December 2020 after he pleaded guilty years earlier to tax evasion and making illegal campaign contributions.

THEN: Kai was in elementary school when her grandfather became president.

NOW: Donald Trump Jr.'s 17-year-old granddaughter is an aspiring social media influencer. Her behind-the-scenes video from election night garnered 3.7 million views on YouTube. Other posts related to her grandfather have been watched millions more times on TikTok. Kai delivered her first public speech at the Republican convention and is an avid golfer who sometimes plays with her grandfather.

“If I’m not on his team, he’ll try to get inside of my head, and he’s always surprised that I don’t let him get to me," she said at the convention. "But I have to remind him, I’m a Trump, too.”

THEN: Ivanka Trump and Jared Kushner’s daughter was 6 when her grandfather showed China's Xi Jinping a video of her, in a traditional Chinese dress, belting out Chinese-language songs.

“It’s very good, right? She’s very smart,” Trump said. Xi responded that Arabella was her grandfather's “little angel” and a “messenger of China-U.S. relations.”

NOW: Arabella is 13 and enjoys singing, playing the piano, horseback riding and Brazilian jiu-jitsu, according to a social media post from her mother.

Gomez Licon reported from West Palm Beach, Florida.