Pioneer Power Pockets $788K Purchase Order For E-Boost Mobile EV Charging Solution

·1 min read
  • Pioneer Power Solutions, Inc. (NASDAQ: PPSI) has received a 8,000 purchase order for its E-Boost mobile Electric Vehicle (EV) charging solution.

  • E-Boost EV charging solutions provide flexible, mobile, and temporary EV charging at events, military deployments, car dealerships, in roadside assistance situations, or wherever needed.

  • The purchase order is scheduled to be delivered during the first quarter of 2022. The mobile, trailer-mounted unit, or E-Boost Mobile, will be delivered to a Native American hotel and casino in Minnesota.

  • "Industry estimates suggest that sales of EVs will grow at a compound annual growth rate (CAGR) of better than 20% through at least 2030, representing the fastest-growing segment of the automotive market," commented Nathan Mazurek, Pioneer's Chairman, and CEO.

  • Price Action: PPSI shares traded higher by 4.06% at $5.09 on the last check Friday.

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