- With a focus on serving the market for high-quality optimized
charging infrastructure, Paragon Mobility has developed a
sustainable business model for a highly flexible, high-intensity,
fast charging infrastructure in France
- Paragon Mobility has acquired its first ChargePost EV chargers
from ADS-TEC Energy, one of the global leaders in battery-buffered
fast charging systems
- ChargePost features charging up to 300 kW even over weak grid
connections and delivers additional revenue opportunities with grid
services, energy recovery, and digital advertising.
ADS-TEC Energy (NASDAQ: ADSE), a global leader in
battery-buffered fast charging systems, today announced that it has
signed a partnership with Paragon Mobility in France. More than
206,000 new EVs have been registered in France since the beginning
of 2024, an important factor in the business growth of Paragon
Mobility, making France one of the key markets for EVs in
Europe.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241022289765/en/
ADS-TEC Energy partners with Paragon
Mobility for roll out of ultra-fast, battery-buffered EV charging
stations in France (Photo: Business Wire)
Headquartered in the technology park of Sophia Antipolis,
France, Paragon Mobility delivers a new class of energy
optimization infrastructure with EV charging as a key service
offering. In addition to designing, developing and deploying since
2021 its own line-up of battery-buffered modular containerized fast
charging solutions named “Pods”, the company is now expanding its
offering with ADS-TEC Energy’s ChargePost.
Paragon Mobility is deploying ChargePost because of its
industry-leading features. Up to two vehicles can be quickly
charged at the same time. It supports up to 300 kW or 150 kW when
charging two vehicles simultaneously. ChargePost can also include
two large 75-inch LED displays for digital advertising to generate
new revenue streams.
Paragon Mobility can use renewable or locally-generated
electricity to charge the ChargePost battery. Its 201 kWh battery
storage unit supports bidirectional use to feed energy back into
the grid when required. It can also boost or stabilize weak grid
connections. Several ChargePost systems can be networked to form a
virtual power plant, scaling storage capacity and marketing
options. With this approach, electricity is stored when it is cheap
or abundant for use when it is scarce or expensive.
ADS-TEC Energy's solutions and services give Paragon the
flexibility to support more than car charging. Paragon Mobility
already uses ChargePost for charging electric buses. Other
customers are using ChargeBox and ChargePost to charge trucks.
Paragon Mobility has the goal of transforming EV charging
infrastructure to save its customers time and money while offering
a highly flexible and available charging service. It also aims to
foster customer enthusiasm and acceptance by delivering peace of
mind and impressive charging times, in a young and sometimes
skeptical market.
As it gears up to contribute to the scaling of the energy
transition in the French mobility sector, Paragon Mobility has
already garnered the attention of top-tier clients and industrial
partners and won prestigious awards. It has been featured on the
SET100 list of the German Energy Agency DENA and World Energy
Council of the most promising climate tech companies in 2023; its
CEO and Co-founder Jean Lemaire was named Best Charging and Energy
Distribution Infrastructure CEO (Europe) by EU Business News
Magazine. The company recently announced it is teaming up with
ex-F1 driver and former Formula E World Champion Sebastien
Buemi.
“With Paragon Mobility, we have a strong and competent partner
at our side who will implement exciting and inspiring projects with
our products in France and elsewhere,” said Henrik Langwald, Senior
Vice President Head of Sales at ADS-TEC Energy.
“Paragon Mobility defines itself by delivering highly optimized,
flexible, high quality charging infrastructure even in the most
constrained sites. With these first signature deployments with ADS
-TEC Energy in France, combining super charging with battery
storage in low grid connection sites and intensive applications, we
have started to write down a remarkable page in energy transition,”
said Jean Lemaire, CEO of Paragon Mobility
About ADS-TEC Energy
Based on more than ten years of experience with lithium-ion
technologies, ADS-TEC Energy develops and produces battery storage
solutions and fast charging systems including their energy
management systems. Its battery-based fast-charging technology
enables electric vehicles to charge ultra-fast even with weak power
grids and is characterized by a very compact design. The company,
based in Nürtingen, Baden-Württemberg, was nominated for the German
Future Prize by the Federal President and was included in the
"Circle of Excellence" in 2022. The high quality and functionality
of the battery systems is due to a particularly high level of
in-depth development and in-house production. With its advanced
system platforms, ADS-TEC Energy is a valuable partner for car
manufacturers, energy supply companies and charging station
operators.
More information at: www.ads-tec-energy.com
About Paragon Mobility
Paragon Mobility ambitions to transform the energy, charging and
grid infrastructure landscape. To this end we offer a modular,
compact, mobile and highly flexible and effective energy management
piece of infrastructure named the Energy Pod, which can fast charge
multiple electric vehicles at the same time with a limited
footprint on the grid.
The company was formed in 2019 and has been led by Jean Lemaire
and a team combining 60+ years of experience in the deployment and
financing at scale of energy transition infrastructure and is
backed by private-equity investors. Today Paragon Mobility already
delivers high quality energy management and electric vehicle
charging services to large clients and in environments as diverse
as industrial fleets, electric aviation, logistics, transports and
motorsports and racetracks.
Paragon Mobility was selected in 2023 to feature on the SET100
list of the German Energy Agency DENA and World Energy Council, its
solutions have been labelled by the Solar Impulse Foundation.
Paragon Mobility is also part of the business acceleration program
of Crédit Agricole.
More information at www.paragonmobility.com
And on our YouTube Channel
https://www.youtube.com/@paragonmobility9840/featured
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include statements regarding our
financial outlook for 2023, our expectations with respect to future
performance and the anticipated timing of certain commercial
activities. There are a significant number of factors that could
cause actual results to differ materially from the statements made
in this press release, including: the impact of the COVID-19
pandemic, geopolitical events including the Russian invasion of
Ukraine, macroeconomic trends including changes in inflation or
interest rates, or other events beyond our control on the overall
economy, our business and those of our customers and suppliers,
including due to supply chain disruptions and expense increases;
our limited operating history as a public company; our dependence
on widespread acceptance and adoption of EVs and increased
installation of charging stations; our current dependence on sales
to a limited number of customers for most of our revenues; overall
demand for EV charging and the potential for reduced demand for EVs
if governmental rebates, tax credits and other financial incentives
are reduced, modified or eliminated or governmental mandates to
increase the use of EVs or decrease the use of vehicles powered by
fossil fuels, either directly or indirectly through mandated limits
on carbon emissions, are reduced, modified or eliminated; supply
chain interruptions and expense increases; unexpected delays in new
product introductions; our ability to expand our operations and
market share in Europe and the U.S.; the effects of competition;
changes to battery energy storage standards; and the risk that our
technology could have undetected defects or errors. Additional
risks and uncertainties that could affect our financial results are
included under “Item 3. Key Information – 3.D. Risk Factors” in our
annual report on Form 20-F filed with the Securities and Exchange
Commission (the “SEC”) on April 30, 2024, which is available on our
website at https://www.ads-tec-energy.com and on the SEC’s website
at www.sec.gov. Additional information will also be set forth in
other filings that we make with the SEC from time to time. All
forward-looking statements in this press release are based on
information available to us as of the date hereof, and we do not
assume any obligation to update the forward-looking statements
provided to reflect events that occur or circumstances that exist
after the date on which they were made, except as required by
applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241022289765/en/
Media: ADS-TEC Energy
International: Dennis Müller SVP Product Marketing &
Communications press@ads-tec-energy.com ADS-TEC Energy United States: Stephannie Depa
Breakaway Communications sdepa@breakawaycom.com +1 530-864-0136
Paragon Mobility:
contact@paragonmobility.com
ADD TEC Energy (NASDAQ:ADSE)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
ADD TEC Energy (NASDAQ:ADSE)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024
