Full Range of Off-Grid Charging Solutions Addresses Growing Demand for High-Speed, Mobile EV Charging

FORT LEE, N.J. – Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer Power” or the “Company”), a leader in the design, manufacture and distribution of on-site power equipment, distributed generation and Energy infrastructure, today announced the launch of its E-Boost© portfolio of mobile Electric Vehicle (EV) charging solutions for a full range of applications.

Nathan Mazurek, Pioneer Power’s Chairman and Chief Executive Officer, said, “We are anticipating the rapidly growing demand for high-capacity mobile charging that will be required to support the wide range of EV and mobile power use cases with E-Boost products. The launch of these new offerings further advances our strategic shift towards the growing, multi-billion dollar market opportunity in Electrical Vehicle Charging (EVC). We have applied decades of power engineering experience to the design and development of these new offerings and created a market-facing unit, Pioneer Power Mobility, to sell, deliver and support them. To that end, we are proud to announce the appointment of Geo Murickan as President of Pioneer’s Power Mobility Company. Geo has years of experience marketing, specifying and deploying complex power solutions and will lead this effort. Geo has been a key leader at Pioneer as well as a senior executive with General Electric. He brings a wealth of knowledge and expertise to this developing line of business.”

The company’s E-Boost portfolio is initially comprised of three products.

E-Boost G.O.A.T. (Generator on a Truck) is a truck-mounted option that brings ultimate mobility with high-capacity EV charging. It enables on-demand charging of EV vehicles at any convenient location, providing EV truck and car owners the convenience of dispatchable charging services and thereby eliminating ‘range anxiety.’ 

E-Boost Mobile is a trailer-mounted solution that balances the need for mobility and higher capacity of EV charging such that the solution can be relocated with minimal effort on short notice. E-Boost Mobile provides multiple options for towing and can be available at specific businesses, large sports and cultural events or other gatherings to fulfill the elevated demand for high-speed charging.

E-Boost Pod is a stationary EV charging solution with customizable higher capacity and can be moved, if necessary. The Pod can provide high-speed DC Fast Charging (DCFC) to two vehicles simultaneously. Like all E-Boost solutions, it can also service other power needs especially in emergency situations, such as a power outage, serving as a backup power source with convenient power connectors and outlets available on board.

“It is a well-accepted fact that EV vehicles will soon manifest rapidly accelerating adoption, and it is expected that the majority of new automobiles sold worldwide will be powered by electricity by 20501,” commented Geo Murickan, President, Pioneer Power Mobility. “Even now, EV adoption is accelerating at a pace faster than EV Charging infrastructure development can service. The increasing number of electric vehicles will require mobile charging capability to go where the need is. As a result, there are unique opportunities to fill the gaps and establish a market capability to service the coming massive introduction of EV vehicles. Our E-Boost solutions circumvent the ‘make-ready’ planning and civil and electrical site work that is required with current high-speed, level 3 DCFC. Many utilities are not prepared to add heavy electrical demands and are, therefore, delaying the allocation of power to this critical need. Our EVC solutions address this opportunity and provide customer solutions that are readily available for use.”

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