ADS-TEC Energy PLC Extends Its Battery-Buffered Ultra-Fast EV Charging Portfolio in Europe with ChargePost
ADS-TEC Energy plc confirmed it is extending its battery-buffered, ultra-fast EV charging portfolio in Europe, despite global supply chain and other market challenges, with the addition of ChargePost later this year. Unlike the currently-available, battery-buffered ChargeBox, which consists of a separate battery-booster module and two charging dispensers, the ChargePost consolidates battery-buffering and dispensers into a single "all-in-one" system with a large display that provides revenue-generating advertising opportunities. In conjunction with this addition to the Company's portfolio, the Company has completed a framework agreement with a European company that will receive the first 50 ChargePost systems in 2022. As part of the agreement, ADS-TEC Energy expects to deliver increasing volumes of products to encompass thousands of ChargePost units over the next few years. The official launch of the ChargePost product and release to the general market is still scheduled for fall 2022 for Europe. This will be followed by the launch in the USA in 2023.