Tag Archives for: EVs

Parkopedia and Uproad revolutionise in-car tolling payments for US drivers

May 27, 2022

 

Parkopedia and Uproad revolutionise in-car tolling payments for US drivers

 

  • ●  Uproad’s digital toll alert and payment services to be integrated into Parkopedia’s in-car payment platform, with coverage across the US at launch
  • ●  The partnership allows for automated digital toll payments that drivers now expect from within their connected vehicles, eliminating the requirement for a tolling transponder
  • ●  Toll roads are proven to be safer to use, with integrated systems allowing for full service and transaction visibility – allowing drivers to keep their attention on the road 

     

     

     

    27 May 2022 – London, UK / Washington, USA

    Parkopedia, a leading connected vehicles services provider, and Uproad, a leading mobile tolling payment system, have announced the integration of their platforms, automating the toll payment process for millions of drivers in the US.

    American drivers complete nearly 6 billion journeys, along the country’s nearly 9,500km of toll roads, bridges and tunnels every year, according to the International Bridge, Tunnel and Turnpike Association (IBTTA), who also concluded that toll roads and bridges tend to be safer, better maintained and less congested route options for drivers.

    Uproad toll alerts and payments are currently available in 19 US states, with further coverage to be added later this year. The partnership enables seamless access through tollways by unifying Parkopedia’s in-car payment platform with Uproad’s digital toll payment system, eliminating the need for a tolling transponder. Drivers only need to register and agree to terms and conditions once to enable license plate recognition to identify the vehicle every time it passes through a toll, triggering the automated and effortless payments that drivers now expect from their connected vehicles. Real-time notifications are also sent to the driver for each event, allowing for transaction transparency and ease of management.

    In the future, Parkopedia’s in-car payment platform will be a key enabler for the global transition towards smart cities, where tolling systems for zone entry and exit or road use are set to become the industry norm. Drivers of connected vehicles will expect an automated, all-digital customer payment experience for all tolling stations and chargeable zones as standard.

    In addition to tolling, Parkopedia’s vehicle-centric payment platform, allows drivers to pay for both on and off-street parking, as well as EV charging, and ‘pay-at-the-pump’ fueling, all via the vehicle’s infotainment system. The platform solves the time-consuming and expensive task of aggregating a large number of service suppliers and payment providers for automakers, uniting them into a single integrated solution. Unique Single Sign-On capabilities, with full Payment Card Industry (PCI) data security compliance, allows for consistency across all merchants and all commerce domains, bringing together a plethora of payment service providers without additional enforced customer authentication at the point of sale.

 

Anthony Michael Ibrahim, Director of Business Development and Partnerships in North America at Parkopedia, said: “Millions of US drivers use toll roads and crossings everyday. We are delighted to partner with Uproad to increase our payment platform’s tolling coverage across North America and provide drivers with the seamless, automated digital toll payments that they now expect from their connected vehicles. Uproad and Parkopedia are both providers of cutting edge driver convenience technology, and are committed to providing safe, transparent and secure systems enabling positive user experiences for drivers.”

Sean Boyan, VP of Business Development at Uproad, added: “This partnership marks an important chapter in Uproad’s pursuit of providing drivers with a frictionless way to navigate toll road charges and pay tolls. Parkopedia is a forward-thinking and dynamic industry leader, and we are truly excited to announce this partnership. Uproad covers about 90% of all US toll roads, so we’re confident that together we’ll vastly improve many driver’s toll road experiences.”

Uproad is the latest addition to Parkopedia’s portfolio of leading payment services in the US and Europe, joining recent additions such as parking operators Passport, APCOA and OPnGO, as well as fueling partners ThinxNet and CarPay-Diem, further expanding the reach of the Parkopedia Payment Platform since its launch last year.

 

About Parkopedia

Parkopedia is the leading connected car services provider used by millions of drivers and organizations such as Audi, Apple, BMW, Ford, Garmin, GM, Hyundai Kia, Jaguar Land Rover, Mercedes-Benz, Peugeot, Sygic, TomTom, Toyota, Volkswagen, and many others. Parkopedia helps drivers find and pay for parking, EV charging, fueling and tolls in 15,000 cities across 89 countries. Parkopedia is also developing highly detailed parking maps and corresponding algorithms to help drivers and self-driving vehicles navigate to an open parking space indoors. Visit business.parkopedia.com for more information.

 

About Uproad

Uproad, a modern, mobile tolling payment system, is a consumer startup within The Kapsch Group, an international transportation systems company. The company is committed to creating smart mobility solutions that help reduce pollution and traffic, making road travel safer, more reliable and efficient. Uproad provides a pivotal mobility product with an app that offers drivers a simple-to-use valid form of payment to pay tolls. Uproad offers account transparency, Toll Alert and a Trip Calculator, enabling drivers to get real-time notifications when they’ve passed a toll and budget for road travel. Drivers can also track tolling expenses, enabling smoother trips and stress-free toll payments. Visit https://www.uproad.com/ for more information.

Parkopedia Media Contact

Adam Calland Marketing Director

 

Parkopedia
T: +44(0)7838219129
E: adam.calland@parkopedia.com W: business.parkopedia.com

Uproad Media Contact

Tori Mattei
VirgoPR
Mobile: +1 631.942.5069 E: uproad@virgo-pr.com

Principal Solar and Triad Pro Innovators to Collaborate on Electric Vehicle Energy Storage Solutions

May 09, 2022

Principal Solar and Triad Pro Innovators to Collaborate on Electric Vehicle Energy Storage Solutions

 

 

Cooperative Research and Development Agreement to Explore the Potential of Triad Pro’s eCell Technologies in Heavy Electric Vehicle Power Storage Solutions

 

Dallas, Texas, May 09, 2022 — Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in undervalued petroleum-producing properties, today announced that it has executed a definitive research and development agreement (“the Agreement”) with Triad Pro Innovators, Inc. (OTC Pink: TPII) (“Triad Pro” or “Triad”). The Agreement establishes a relationship for cooperative research and development between Principal and Triad Pro for the purpose of creating new power storage solutions for the Electric Vehicle (EV) industry.“We believe Triad’s eCell technology offers tremendous potential as a power storage solution for heavy electric vehicles,” said K. Bryce “Rick” Toussaint, CPA, MBA, Principal’s Chairman and CEO. “Principal’s agreement with Triad is another example of our commitment to identifying and investing in near-term, real-world electric vehicle solutions that meet today’s growing market demand.”

Potential applications for solutions created under the agreement include use in Principal’s client and portfolio company products, specifically its fleet-focused heavy electric vehicle conversions and hybrid-electric powertrains, which require unique capabilities supporting continuous operation with long charging cycles – capabilities underserved by existing battery technologies.

“Our relationship with Principal Solar is a real win-win for all parties,” said Murray Goldenberg, Chief Executive Officer of Triad Pro. “By gaining access to our eCell technology, Principal stands to position its portfolio companies as leaders in their respective fields thanks to the numerous benefits our solid-state eCell offers over traditional chemical-based batteries. For us, we stand to gain exposure to new opportunities and clients as we work with Principal to deliver our next-generation EV energy storage solution.”

The major advantage of Triad Pro’s eCell lies in its solid-state technology, which allows electric vehicles to accept a charge at any rate (limited only by network supply), thereby enabling ultra-rapid charge cycles that increase productivity by keeping heavy electric vehicles on the road. Another key eCell advantage is the absence of typical battery chemical solutions that degrade with repeated charge-discharge cycles, giving the Triad Pro eCell a lifespan of over 30,000 cycles, thereby greatly reducing ongoing maintenance costs for heavy EV owners.

About Principal Solar
Principal Solar is a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

About Triad Pro Innovators, Inc.
Triad Pro Innovators, Inc. has developed a proprietary device to be utilized in a variety of circumstances to store electricity. The newly developed Triad Pro power supply provides our storage system with tremendous operational flexibility. Using our propriety hardware and software solution, our eCell can be configured to store energy at a rate limited only by the network providing it, and then release that energy in a regulated way based upon the application, which allows for flexibility unknown in current chemical battery-based storage systems. Triad Pro creates and designs renewable energy solutions including Co-Generation and the patent pending eCells that can be used stand alone or modular as energy demands increase.

For further information, please visit Triad Pro’s website at https://triadproinc.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

Principal Solar Contact
K. Bryce “Rick” Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
214.885.0032

Triad Pro Innovators Investor Relations Contact
info@triadpro.com
714.790.3662

Investor Relations Contact
Michael Briola
invest@pswwenergy.com

Fleet Advantage Celebrates Air Quality Awareness Week By Helping Corporate Transportation Fleets Reduce Emissions 

May 04, 2022

 

 

 

Fleet Advantage Celebrates Air Quality Awareness Week By Helping Corporate Transportation Fleets Reduce Emissions

 

Innovative Solutions Help Modernize Fleets So They Can ‘Be Air Aware & Be Prepared!’

 

Fort Lauderdale, Fla. (May 4, 2022) – Air pollution is one of the world’s largest health and environmental problems, and is one of the world’s leading risk factors for death, attributed to an estimated 11.65% of deaths globally. As a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM), Fleet Advantage recognizes Air Quality Awareness Week 2022 (celebrated May 2 – 6) by offering complimentary Emissions Scorecards for corporate transportation fleets in its ongoing efforts to promote better air quality.

 

Each year, the NOAA National Weather Service, Centers for Disease Control and Prevention (CDC), U.S. Forest Service, and U.S. Department of State join the EPA to recognize and celebrate Air Quality Awareness Week. Its theme this year is “Be Air Aware & Prepared!”, and the goal is to promote events that increase air quality awareness and encourage people to check the Air Quality Index (AQI) daily.

 

“Since the day we opened our doors, our company has been focused on bringing about change to the industry through lower carbon output and cleaner air quality,” said Katerina Jones, Vice President of Marketing and Business Development for Fleet Advantage. “Our innovative programs illustrate the deep commitment we have to helping our corporate fleet partners serve as industry leaders while driving significant change for the benefit of our nation’s air quality.” 

 

Through the pioneering efforts of Fleet Advantage, the transportation fleet industry is now paying closer attention to their truck’s Life Cycles to understand where they can drive sustainability measures by optimizing replacement cycles. Rather than extending the truck’s use for several years, companies are leveraging Fleet Modernization Studies and the company’s Emissions Scorecards, that scrutinize truck’s performance data and economic factors to determine an optimum procurement and disposal strategy.

 

As part of the comprehensive Fleet Modernization Study, the Emissions Scorecard reviews the entire fleet by year, make, model, and compares fuel and mileage data and provides detailed information on CO2 reduction in metric tons and gallons of fuel saved, each time the truck was replaced, as well as forecasted savings.

 

Fleet Advantage customers operate fleets with lower cost per mile, a reduced carbon footprint and improved safety and driver morale by maintaining their fleet’s average life at about 2-3 years. This helps compliment ESG strategies for its customers in their goal to report to regulators and critical stakeholders. 

 

In March, the company announced a new program to help corporate truck fleets certify their greenhouse gas emissions (GHG) output, as recently mandated under a proposed rule issued by the Securities and Exchange Commission (SEC). Fleet Advantage is the only finance lessor that has been certifying such measures for a decade with a focus on tractor trailer fleets that operate high annual mileages (MPY).

 

To learn more or receive an Emissions Scorecard and Fleet Modernization Study, call 954-615-4400 or visit https://www.fleetadvantage.com/contact.

 

About Fleet Advantage

 

Fleet Advantage is the largest independent lessor for heavy-duty Class-8 trucks and has over $1.8 Billion of assets under its Life Cycle Cost Management (LCCM) program. We serve America’s top corporate fleets, including 5 of the top 10 private fleets in the country. Fleet Advantage guarantees the absolute lowest cost of operation by providing fleet asset management, financing solutions, and fleet analytics, using the latest equipment technology to achieve optimum vehicle productivity and maximum safety. Our model of TCO, clean diesel, and safety-enhanced trucks with shorter life cycles complement our customers’ ESG goals. The accomplishments of Fleet Advantage and our leadership team continue to be recognized for tremendous growth and industry leadership with numerous awards, including Top Private Independent and Most Innovative Firm by the Monitor Daily, Top Software & Tech Awards, Top Women Associates in Finance, and Green Supply Chain Awards to name a few. The company has also been named to Inc. magazine’s 500|5000 list of fastest growing companies in the nation, and CEO John Flynn was a recipient of the Ernst & Young Entrepreneur of the Year® Florida – Emerging Category award.

Fleet Advantage Congratulates Don Davis And Wesley Hall On Achieving Their CTP Accreditation  

April 13, 2022

 

 

Fleet Advantage Congratulates Don Davis And Wesley Hall On Achieving Their CTP Accreditation 

 

Davis & Hall Join Fleet Advantage’s Growing List of CTP-Accredited Experts Who Are Committed To Serving America’s Top Corporate Fleets

 

 

 

Cincinnati, OH  – Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM), announced today that Don Davis, Senior Vice President of National Accounts, and Wesley Hall, Director of Fleet Services, both achieved their 2022 NPTC Certified Transportation Professional (CTP) recognition. The accreditation was presented to each and Fleet Advantage at the NPTC’s Annual Conference and Exhibition in Cincinnati, Ohio.

 

National Private Truck Council, CTP-accredited professionals excel at establishing and managing financial goals, capital investment programs, budgets, and operating plans for transportation companies. CTP accreditation also equips professionals with the highest level of industry understanding of Total Cost of Ownership (TCO), including truck specification, operations, maintenance, safety and human resources. 

 

Davis has served North America’s top private fleets for nearly three decades, where he manages key client relationships for Fleet Advantage, with over 85% of clients fitting into the food supply chain industry and distribution verticals. He has a significant impact on the way corporate fleets view their TCO and asset acquisition. Through his leadership and expertise, Davis has significantly helped clients better align with broader supply chain strategies by driving bottom-line-preserving cost savings, reshaping clients’ asset life cycle strategies, and helping supply chain organizations realize and achieve new environmental, social and governance (ESG) goals that help reduce emissions and the overall carbon footprint. 

 

Hall possesses over 16 years of experience in fleet management, operations, and maintenance in the transportation industry. As a member of the Fleet Operations Team, he supports some of the top private fleets in the country to help develop the best possible practices suited for their maintenance programs and individual locations utilizing analytics resources such as ATLAAS (Advanced Truck Lifecycle Administrative Analytics Software). 

 

Hall’s vast experience in recruiting technicians, training, and providing support while facilitating communication and coordination with operations helps establish valuable communication between departments and management, which is essential in meeting client’s needs. He is Six Sigma Green Belt certified, and received a Certification for Essentials of Fleet Maintenance Management from NATMI in partnership with University of Central Florida.

 

Currently, all of the Fleet Advantage Fleet Operations team has achieved their CTP accreditation and the company continues to support and encourage all new staff to pursue this critically important accreditation. 

 

“Our continued dedication and strong focus on serving the country’s top corporate fleets begins with having a team of committed professionals who possess superior knowledge within the industry,” said Brian Holland, President and Chief Financial Officer at Fleet Advantage. “We congratulate both Don and Wes for their accomplishment and the hard work they’ve undergone to obtain this professional designation.”

 

About Fleet Advantage

 

Fleet Advantage is the largest independent lessor for heavy-duty Class-8 trucks and has over $1.8 Billion of assets under its Life Cycle Cost Management (LCCM) program. We serve America’s top corporate fleets, including 5 of the top 10 private fleets in the country. Fleet Advantage guarantees the absolute lowest cost of operation by providing fleet asset management, financing solutions, and fleet analytics, using the latest equipment technology to achieve optimum vehicle productivity and maximum safety. Our model of TCO, clean diesel, and safety-enhanced trucks with shorter life cycles complement our customers’ ESG goals. The accomplishments of Fleet Advantage and our leadership team continue to be recognized for tremendous growth and industry leadership with numerous awards, including Top Private Independent and Most Innovative Firm by the Monitor Daily, Top Software & Tech Awards, Top Women Associates in Finance, and Green Supply Chain Awards to name a few. The company has also been named to Inc. magazine’s 500|5000 list of fastest growing companies in the nation, and CEO John Flynn was a recipient of the Ernst & Young Entrepreneur of the Year® Florida – Emerging Category award.

 

Fleet Advantage’s Katerina Jones Honored As A 2022 Influential Business Woman By South Florida Business Journal  

April 07, 2022

 

 

 

Fleet Advantage’s Katerina Jones Honored As A 2022 Influential Business Woman By South Florida Business Journal 

 

 

The South Florida Business Journal Recognizes Top Women Leaders Making An Impact In Their Industries & Community

 

 

 

FORT LAUDERDALE, Fla. (April 7, 2022) – Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM), announced today that Vice President, Marketing and Business Development, Katerina Jones, has been named a 2022 Influential Business Woman by the South Florida Business Journal.

 

Each year, the South Florida Business Journal recognizes professional women in company leadership positions who show a strong record of performance excellence and innovation in their industries, as well as meaningful community involvement.

 

As a valued member of the Fleet Advantage senior management team, Jones brings over 17 years of client-centric, data-driven, and outcome-focused integrated experience across broad industries and services. She is viewed as a leader and mentor for other women in transportation as well as other industries, and she leads Fleet Advantage’s marketing division. 

 

Playing a significant role in the recent success of Fleet Advantage’s business operations, Jones’ client-focused strategies and campaigns have resulted in over $100 million of opportunities in Lease Origination alone. Ultimately, Jones’ work and regard for customer relationships has been integral to the substantial growth of Fleet Advantage in which she was recently named one of the Women in Trucking Association’s 2022 Top Women to Watch in Transportation, as well as one of Monitor Magazine’s 2021 NextGen Leaders. She is also viewed as an industry thought leader and has been published in numerous industry trade magazines, including Fleet OwnerFleet EquipmentThe MonitorRecycling Today, and Journal of Petroleum Technology.

 

Jones is actively involved in several charitable organizations, industry-related council positions and committees, including the National Private Truck Council (NPTC), the Equipment Leasing Finance Association (ELFA), and the International Food Distributors Association (IFDA), where she spearheaded the Truck Driving Championship Kid’s Writing Contest. She also serves as a member of the Kids Around the Corner Foundation, Fleet Advantage’s dedicated charity for children, and is very passionate about children’s causes. In 2021 as well, Jones was instrumental in obtaining significant donations for the local Junior Achievement Association, ARC Broward, Helping Hands for GAND and the HorsePlay Therapy Center.

 

“Katerina’s unwavering commitment and dedication to excellence and her sincere drive to be the best at everything she’s involved in illustrates exactly why she received this well-deserved honor,” said Brian Holland, President and CFO of Fleet Advantage. “Her influence, focus on mentoring other women, and diverse experience throughout the greater transportation industries has been a huge asset to making Fleet Advantage a stronger, more competitive organization.” 

 

About Fleet Advantage

 

Fleet Advantage is the largest independent lessor for heavy-duty Class-8 trucks and has over $1.8 Billion of assets under its Life Cycle Cost Management (LCCM) program. We serve America’s top corporate fleets, including 5 of the top 10 private fleets in the country. Fleet Advantage guarantees the absolute lowest cost of operation by providing fleet asset management, financing solutions, and fleet analytics, using the latest equipment technology to achieve optimum vehicle productivity and maximum safety. Our model of TCO, clean diesel, and safety-enhanced trucks with shorter life cycles complement our customers’ ESG goals. The accomplishments of Fleet Advantage and our leadership team continue to be recognized for tremendous growth and industry leadership with numerous awards, including Top Private Independent and Most Innovative Firm by the Monitor Daily, Top Software & Tech Awards, Top Women Associates in Finance, and Green Supply Chain Awards to name a few. The company has also been named to Inc. magazine’s 500|5000 list of fastest growing companies in the nation, and CEO John Flynn was a recipient of the Ernst & Young Entrepreneur of the Year® Florida – Emerging Category award. 

ChargePoint Announces $300 Million Financing

April 05, 2022

ChargePoint Announces $300 Million Financing

 

 

Antara Capital LP to Invest $300 Million in Convertible Senior Notes in a Private Placement

 

 

CAMPBELL, Calif.—ChargePoint Holdings, Inc. (NYSE: CHPT), a leading electric vehicle (EV) charging network, today announced that Antara Capital LP has agreed to make a $300 million investment in ChargePoint through the purchase of convertible senior notes to support ChargePoint’s growth initiatives.

Under the terms of the investment, Antara Capital LP will purchase a total aggregate principal amount of $300 million in 3.50% / 5.00% Convertible Senior Notes due 2027 (the “Notes”). The transaction is expected to close on April 12, 2022.

The Notes will be convertible at an initial conversion price to be determined prior to closing. The initial conversion price will represent a 30.0% premium to ChargePoint’s volume-weighted average price over a pre-determined period between this announcement and closing. Upon any conversion, ChargePoint will have the right to elect settlement in cash, shares or any combination thereof in its sole discretion.

The gross proceeds from the sale of the Notes are expected to be $300 million, before deducting fees and estimated offering expenses.

ChargePoint is permitted to pay interest on the Notes in cash or through the issuance of additional Notes (“PIK Interest”), at its election. Interest payments made in cash will be based on an interest rate of 3.50% per year, and PIK Interest will be based on an interest rate of 5.00% per year. The Notes will mature on April 1, 2027, unless redeemed, repurchased or converted in accordance with their terms prior to such date. The Notes will be guaranteed by ChargePoint’s operating company and wholly owned subsidiary, ChargePoint, Inc.

Evercore acted as exclusive financial advisor to ChargePoint.

Additional information regarding this announcement may be found in a Current Report on Form 8-K that ChargePoint intends to file with the Securities and Exchange Commission (the “SEC”).

The Notes and any shares of common stock issuable upon conversion of the Notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The investment agreement contemplates that the Notes will be transferrable to qualified institutional buyers pursuant to Rule 144A under the Securities Act. ChargePoint has agreed to file a registration statement with the SEC as soon as reasonably practicable after the closing, registering the resale of the shares of common stock issuable upon the conversion of the Notes.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities (including the shares of ChargePoint common stock, if any, into which the Notes are convertible) and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About ChargePoint

ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. To date, more than 105 million charging sessions have been delivered, with drivers plugging into the ChargePoint network approximately every two seconds. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact ChargePoint’s North American or European press offices or Investor Relations.

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. These forward-looking statements involve risks, uncertainties, and assumptions, including, among other things, statements regarding the closing of the investment, the anticipated use of proceeds and any expected benefits for ChargePoint from application of the proceeds and the terms of the Notes. 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; the fact that the Notes may never be converted into common stock, whether because our business is affected by the factors listed below or otherwise; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations; our current dependence on sales of charging stations 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; the need to attract additional fleet operators as customers; potential adverse effects on our revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; risks related to our dependence on our intellectual property; 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 the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-K filed with the SEC on April 4, 2022, which is available on our website at investors.chargepoint.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.

 

Contacts

ChargePoint
Jennifer Bowcock
VP, Communications
Jennifer.Bowcock@chargepoint.com
media@chargepoint.com

Patrick Hamer
VP, Capital Markets and Investor Relations
Patrick.Hamer@chargepoint.com
investors@chargepoint.com

 

 

Fleet Advantage To Showcase Innovative Solutions At NPTC 2022 Annual Conference Centered Around Flexibility & Agility For Corporate Fleets  

April 04, 2022

 

 

 

 

Fleet Advantage To Showcase Innovative Solutions At NPTC 2022 Annual Conference Centered Around Flexibility & Agility For Corporate Fleets 

 

 

Innovative Programs Help Fleets Secure New Equipment & Certify GHG Output for SEC Reporting

 

 

FORT LAUDERDALE, Fla. (April 4, 2022) – Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM), announced today it will exhibit at the National Private Truck Council’s (NPTC) 2022 Annual Education Management Conference and Exhibition (booth #722) from April 10-12 in Cincinnati, Ohio. Members from Fleet Advantage’s executive team are meeting with corporate fleets, addressing flexible fleet solutions to help navigate a host of ongoing industry challenges, including truck shortages.

 

NPTC’s Annual Conference and Exhibition is the marquee national private truck fleet event of the year. The conference offers educational programming, best practices, and networking opportunities that are exclusively designed for the private and corporate fleet professional. 

 

Flexible Solutions to Secure New Equipment

 

Corporate fleets continue to recognize the need for speed and flexibility during this challenging economic climate. Fleet Advantage will discuss its innovative Sale-Leaseback Program at NPTC, which was developed to help corporate fleets remain flexible and agile in securing new equipment.  

 

Under terms of the program, Fleet Advantage will purchase a fleet’s 5-year or older tractors at a $5,000+ premium over current Book Value, and lease them back for continued use. Fleet Advantage will issue a PO for New Equipment with Delivery in Q4 ’22. During the lease term, fleets can cancel the leases without penalty for new, state-of-the-art trucks at a fixed monthly payment. 

 

Certifying GHG Output for SEC Disclosures

 

Fleet Advantage executives will also address how it can help corporate fleets achieve their environment, social, governance (ESG) goals. The company recently announced a first-of-its-kind program that helps corporate truck fleets certify their greenhouse gas emissions (GHG) output, recently mandated under a proposed rule issued by the Securities and Exchange Commission (SEC). Fleet Advantage is the only finance lessor that has been certifying such measures for a decade with a focus on tractor trailer fleets that operate high annual mileages (MPY).

 

Since its inception, Fleet Advantage has introduced breakthroughs including emissions scorecards, early truck EXchangeIT® program, and financial flexibility to acquire use of clean-diesel engines more frequently as the emission technology advances. This program has helped fleets meet GHG-1 and -2 Federal mandates to reduce CO2, while saving millions of dollars year-over-year with improved MPG and reduced fuel consumption.

 

“Our innovative industry solutions have never been more compelling, and we’re excited to showcase how we’re leading the industry in these critical areas at the NPTC conference,” said Katerina Jones, Vice President Marketing & Business Development for Fleet Advantage. “Our team is committed to helping our customers navigate through the continued industry challenges they’re facing today.”

 

For more information on these and other programs visit Fleet Advantage at NPTC (booth #722) or contact the company to schedule a meeting.

 

About Fleet Advantage

 

Fleet Advantage is the largest independent lessor for heavy-duty Class-8 trucks and has over $1.8 Billion of assets under its Life Cycle Cost Management (LCCM) program. We serve America’s top corporate fleets, including 5 of the top 10 private fleets in the country. Fleet Advantage guarantees the absolute lowest cost of operation by providing fleet asset management, financing solutions, and fleet analytics, using the latest equipment technology to achieve optimum vehicle productivity and maximum safety. Our model of TCO, clean diesel, and safety-enhanced trucks with shorter life cycles complement our customers’ ESG goals. The accomplishments of Fleet Advantage and our leadership team continue to be recognized for tremendous growth and industry leadership with numerous awards, including Top Private Independent and Most Innovative Firm by the Monitor Daily, Top Software & Tech Awards, Top Women Associates in Finance, and Green Supply Chain Awards to name a few. The company has also been named to Inc. magazine’s 500|5000 list of fastest growing companies in the nation, and CEO John Flynn was a recipient of the Ernst & Young Entrepreneur of the Year® Florida – Emerging Category award. 

 

Fleet Advantage Is Proud To Announce Two Female Leaders Recognized As 2022 ‘Top Women To Watch In Transportation’ 

March 17, 2022

 

 

 

Fleet Advantage Is Proud To Announce Two Female Leaders Recognized As 2022 ‘Top Women To Watch In Transportation’

Women In Trucking Association Recognizes Top Performers In The Industry Who Help Improve Gender Equality

 

 

FORT LAUDERDALE, Fla. (March 17, 2022) – Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM), announced today that Vice President of Marketing and Business Development, Katerina Jones, and Senior Fleet Transaction Analyst and Project Manager, Jackie Jacobs, CLFP, were both recognized as 2022 Top Women to Watch in Transportation by the Women In Trucking Association.

 

Every year, the Women In Trucking Association recognizes the top performers in the industry who not only have had significant career accomplishments in the last year, but go the extra mile to support other women and help to improve gender equality – at their own companies and/or industry-wide.

 

As a valued member of the Fleet Advantage team, Jones is an extremely influential woman not only for her organization, but also for the greater transportation industries. She strives to deliver information, advocacy and advancements on a continual basis. This year Jones was appointed to the Senior Management Group and has played a significant role in the recent success of Fleet Advantage’s business operations, as she was instrumental in acquiring new high-profile clients. Jones has also placed a high priority on mentoring and supporting other professional women in Fleet Advantage, in other transportation-related organizations, and overall, when the opportunity presents itself. This is the second time she has been recognized for this award.

 

Jones has been invited to speak at various conferences addressing diversity in business, she has authored nearly two dozen articles covering various important issues being faced by industries today, and she was most recently named one of South Florida Business Journal’s Most Influential Businesswomen of 2022.

 

Jacobs has been an inspiring example of creating more gender-diverse skillsets for the overall transportation industry. She has a great passion for leveraging technology, data analytics and statistical modeling to help her fleet customers overcome today’s greatest supply chain challenges. As 2021 unfolded with additional supply chain disruptions across virtually every industry, supporting companies with reliable and accurate data became that much more crucial and impactful. Jacobs has helped address these issues directly by providing transportation fleets within the supply chain with asset management, finance solutions and data analytics tools.

 

As a model of female leadership and empowerment within the transportation industry, Jacobs serves her industry and community by inspiring other professional women in transportation to grow and believe they can be successful. Jacobs was a featured speaker at the Equipment Leasing and Finance Association’s 60th Annual Convention in October, and she was recognized as a recipient of Monitor’s 2021 Top Women in Equipment Finance award. She also recently achieved her Certified Lease and Finance Professional (CLFP) accreditation. Designated as the preeminent credential for equipment leasing and financing professionals throughout the world, the accreditation illustrates that the industry acknowledges her skillset and commitment to the supply chain industry for equipment leasing.

 

“While closing the gender gap in transportation has made progress in recent years, influential leaders such as Katerina and Jackie are proving that hard work, dedication and a commitment to mentorship open new opportunities and inspire other professional women,” said Brian Holland, President and CFO of Fleet Advantage. “We could not be prouder of the accomplishments Katerina and Jackie have worked hard to achieve, and they are a significant reason why Fleet Advantage is a leader in promoting a more diverse workplace for stronger overall industry success.”

 

About Fleet Advantage

 

Fleet Advantage is the largest independent lessor for heavy-duty Class-8 trucks and has over $1.8 Billion of assets under its Life Cycle Cost Management (LCCM) program. We serve America’s top corporate fleets, including 5 of the top 10 private fleets in the country. Fleet Advantage guarantees the absolute lowest cost of operation by providing fleet asset management, financing solutions, and fleet analytics, using the latest equipment technology to achieve optimum vehicle productivity and maximum safety. Our model of TCO, clean diesel, and safety-enhanced trucks with shorter life cycles complement our customers’ ESG goals. The accomplishments of Fleet Advantage and our leadership team continue to be recognized for tremendous growth and industry leadership with numerous awards, including Top Private Independent and Most Innovative Firm by the Monitor Daily, Top Software & Tech Awards, Top Women Associates in Finance, and Green Supply Chain Awards to name a few. The company has also been named to Inc. magazine’s 500|5000 list of fastest growing companies in the nation, and CEO John Flynn was a recipient of the Ernst & Young Entrepreneur of the Year® Florida – Emerging Category award. 

Fleet Advantage Maximizes Presence At TMC 2022 With Expert Panelist On M&R And Offers Fleet Modernization Analysis and Immediate Solutions for Fleets 

March 03, 2022

 

 

Fleet Advantage Maximizes Presence At TMC 2022 With Expert Panelist On M&R And Offers Fleet Modernization Analysis and Immediate Solutions for Fleets

 

 

Brian Antonellis, CTP and SVP Fleet Operations Presents On In-House or Outsourced M&R Strategies 

 

 

FORT LAUDERDALE, Fla. (March 3, 2022) – Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM), announced today that Brian Antonellis, CTP and Senior Vice President of Fleet Operations will present at the ATA’s Technology & Maintenance Council’s 2022 Annual Meeting & Transportation Technology Exhibition, March 7-10, in Orlando, Florida. In addition to Antonellis’ speaking session, Fleet Advantage will acknowledge National Asset Management Awareness Month in March by offering complimentary fleet modernization studies for fleets at the conference at booth #824.

 

The heavy-duty truck transportation fleet industry continues to deal with a host of challenges carrying over from 2021, including driver shortages, logistical changes due to a fluctuating pandemic environment, and asset management hurdles that continue to impact organizational bottom lines.

 

Scheduled as Technical Session #3 on Thursday, March 10th at 8:00 am, Antonellis will drill down into maintenance and repair (M&R) strategies that can help fleets determine when to keep M&R in-house or outsource. An expert panel will discuss all the factors that go into these M&R decisions. With the ever-growing complexity of commercial vehicle equipment and increasing struggle of attracting and retaining technicians, even fleets that have historically utilized in-house maintenance strategies are reconsidering their approach today.

 

Innovation Driving Americas Businesses Forward

 

Resourceful transportation fleets recognize the need for flexibility during these unprecedented times of equipment shortage and delays. In addition to Antonellis’ insight, attendees and fleet transportation executives can visit the company at booth #824 for a complimentary Comparative Cost Analysis and learn how Fleet Advantage can help their company to analyze and benchmark their fleet costs and emissions scorecard and develop a strategy to modernize their fleet.

 

Innovative programs, such as Fleet Advantage’s aggressive Sale-Leaseback program allows organizations to select the assets from their fleet that are older models and Fleet Advantage will purchase those assets over current Book Value and lease them back to the fleet for an interim period until they place an order and transition to new equipment when available. Utilizing a Sale-Leaseback can increase cash for immediate needs like the driver shortage or extra working capital without damaging long-term procurement goals due to build slot limitations.

 

“Flexibility is no longer just a consideration for transportation fleets, it’s now an extremely critical business strategy,” said Brian Antonellis, CTP, Senior Vice President of Fleet Operations at Fleet Advantage. “From maintenance and repair decisions to life cycle utilization philosophies, the leading fleets of the post-Coronavirus era will recognize the need to leverage flexibility in driving their businesses forward.” 

 

About Fleet Advantage

 

Fleet Advantage is the largest independent lessor for heavy-duty Class-8 trucks and has over $1.8 Billion of assets under its Life Cycle Cost Management (LCCM) program. We serve America’s top corporate fleets, including 5 of the top 10 private fleets in the country. Fleet Advantage guarantees the absolute lowest cost of operation by providing fleet asset management, financing solutions, and fleet analytics, using the latest equipment technology to achieve optimum vehicle productivity and maximum safety. Our model of TCO, clean diesel, and safety-enhanced trucks with shorter life cycles complement our customers’ ESG goals. The accomplishments of Fleet Advantage and our leadership team continue to be recognized for tremendous growth and industry leadership with numerous awards, including Top Private Independent and Most Innovative Firm by the Monitor Daily, Top Software & Tech Awards, Top Women Associates in Finance, and Green Supply Chain Awards to name a few. The company has also been named to Inc. magazine’s 500|5000 list of fastest growing companies in the nation, and CEO John Flynn was a recipient of the Ernst & Young Entrepreneur of the Year® Florida – Emerging Category award.  

 

 

Beam Global Announces Strategic Acquisition of AllCell Technologies, a Leader in Energy Storage Solutions

February 23, 2022

 

Beam Global Announces Strategic Acquisition of AllCell Technologies, a Leader in Energy Storage Solutions

Strategic acquisition increases and diversifies Beam’s revenue, gross profitability, manufacturing capabilities, intellectual property portfolio and customer base

 

SAN DIEGO, Feb. 23, 2022  — Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, today announced that it has entered into a definitive asset purchase agreement to acquire AllCell Technologies, a leader in energy storage solutions and technologies, in an all stock transaction. The transaction is expected to close on March 1st, subject to customary closing conditions. Beam will host an investor call to discuss the transaction on March 1, 2022 at 1:30pm PT / 4:30pm ET. A recorded video interview with Beam CEO, Desmond Wheatley, discussing the deal is currently live on the Beam blog.

Management expects the acquisition of AllCell to impact Beam Global by:

  • Increasing and diversifying revenues and gross profits
  • Significantly reducing cost of goods sold (COGS)
  • Enhancing foundational intellectual property portfolio
  • Securing Beam Global’s vital battery supply chain
  • Accelerating product development cycles
  • Combining customer facing roles and outreach
  • Adding new customer segments
  • Increasing barriers to entry for future competition
  • Enhancing Beam’s position as a leader in the green economy

AllCell’s highly flexible battery platform architecture, used in Beam’s products for ten years, is ideally suited for applications where energy density, safety and bespoke enclosures require high power in small spaces. Drones, submersibles, recreational products and a host of micro mobility and electric vehicle products are already benefiting from AllCell’s highly differentiated products. Beam’s patented EV Standard™ and UAV ARC™ will require battery pack formats which are optimized for each product’s unique attributes. The acquisition of AllCell will allow for these developments at an accelerated pace with significantly reduced costs. Energy storage is crucial to Beam Global’s value proposition and battery systems currently account for approximately 30% of Beam Global products’ bills of materials. The strategic acquisition of AllCell will significantly reduce COGS through margin recapture and value engineering. Management anticipates an approximate 7% reduction in material costs in the near term as a result of margin recapture followed by increasing reductions in COGS as the Beam Global and AllCell engineering teams together identify further opportunities for improvements.

“This acquisition deepens and widens the moat around our first-to-market leadership position in several rapidly growing and very large markets,” said Beam Global CEO Desmond Wheatley. “AllCell brings a team comprised of some of the energy storage industry’s finest scientists, engineers and operations and manufacturing leaders. Combining our companies will enable each of us to do what we do better while taking advantage of the tremendous growth opportunities through cross selling, increased market penetration and leveraged cost structures. On a personal note, I have tremendous respect for the entire team at AllCell as they have been one of our main suppliers and partners. We look forward very much to working with them as one team.”

“Sustainability, safety and high power are the cornerstones of the technology and IP portfolio we’ve developed at AllCell. Success to us is solving the complex challenge that joins longer battery life, more efficient materials use and higher energy density—all while improving safety,” said Said Al-Hallaj, Co-Founder and Chief Battery Scientist at AllCell Technologies. “We are thrilled to join the Beam Global mission. We see the leadership and powerful momentum they have built in the new electric age as a tremendous asset.”

As a result of the all-stock structure of the acquisition, Beam Global’s strong cash balance will continue to be utilized for further growth and strategic initiatives. In consideration for the sale of AllCell assets, the AllCell shareholders will receive 1,055,000 shares of Beam Global restricted common stock at closing. Beam Global’s existing shareholders will own 90.3% upon closing of the acquisition and Beam Global will retain operational and board control of the company. The AllCell shareholders may also receive additional restricted shares of common stock, through an earn-out, valued at two times any revenues and contracted backlog, generated from the AllCell assets, that are greater than $7.5M in 2022, and on any AllCell 2023 revenue over $13.5M or 135% of 2022 revenue, whichever is greater, and capped at $20M in revenues. Any revenue from AllCell products used in Beam Global’s core product portfolio are excluded from the earn-out calculation. Beam Global will issue AllCell shareholders restricted shares for both the closing consideration and any earn-out payments. In the event of the lifting of restrictions on the Beam Global common stock issued to AllCell, the purchase agreement provides that AllCell will limit any sale of such shares to no more than four percent (4%) of the average weekly volume during such trading week.

“As AllCell’s largest shareholder, we believe the strategic combination of Beam Global and AllCell creates a powerful organization at the beginning of this massive transportation and electrification shift,” said Townsend Capital Chairman, Dennis Townsend. “As a result of this powerful combination, we have decided to roll 100% of our equity into Beam Global. We are looking forward to putting our decades of experience to work and staying engaged to help grow a renewable energy and energy storage power-house.”

Beam Global’s commitment to developing products and solutions which will bring Clean Mobility to All is shared by AllCell. Both companies have been providing clean energy solutions to multiple modes of the electric transportation sector throughout their histories. Beam Global and AllCell have, separately, provided charging and high-powered energy storage solutions to micro-mobility, land based EVs, aviation, maritime and recreational customers as well as stationery and energy-security platforms, for both government and Fortune 100 companies. Management believes that the strategic business combination will create an unbeatable platform of energy generation and storage which will agnostically enable charging companies, vehicle manufacturers, energy security providers and the many other applications driven by the increasing push to an electrified and untethered world.

Beam Global’s corporate headquarters and factory will remain at its 53,000 square foot facility in San Diego, California. The AllCell team and manufacturing facility will remain in Broadview, Illinois. The Beam and AllCell teams intend to integrate rapidly and explore an expansion of battery manufacturing in California where there are significant government incentives to do so. Management will also consider an expansion of Beam Global’s product manufacturing in the Midwest. The AllCell team brings to Beam world-renowned Chief Battery Scientist Said Al-Hallaj as well as deep engineering and manufacturing experience from Argonne National Laboratory, Ford Motor Company, Stellantis, Johnson Controls, AVL Powertrain and the Illinois Institute of Technology.

Beam Global’s acquisition of AllCell combines two U.S.-based clean technology innovators and manufacturers into a stronger, more globally competitive company in clean technology innovation. Producing Made-In-America IP and products, creating clean technology jobs for Americans and focusing on a cleaner more sustainable future, the transaction contributes to progress as the U.S. rebuilds its manufacturing foundation and leadership in energy and transportation.

About Beam Global

Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages.

The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers time and money, protect the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit BeamForAll.com, LinkedIn, YouTube and Twitter.

About AllCell Technologies

AllCell Technologies is a leader in high performance energy storage solutions used in electric vehicles, micro mobility, aviation, robotics, stationary storage and maritime applications. AllCell’s proprietary and patented passive thermal management, modular platform architecture, and scalable battery management systems (BMS), enhance safety and performance while extending battery life and reducing lifetime stored energy costs. AllCell provides safe, scalable and high-powered energy storage solutions which have enabled electrified applications in many formats for Fortune 100 companies in the U.S and Internationally. AllCellTech.com

Forward-Looking Statements

This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations, including, but not limited to the following statements: statements regarding the proposed acquisition, its expected benefits, the acquisition’s anticipated timing, and the anticipated future financial performance as a result of the acquisition. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. There can be no assurances that the proposed acquisition of AllCell will be completed. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

Media Contact:
Next PR
+1 813-526-1195
Press@BeamForAll.com

Investor Relations:
Kathy McDermott
IR@BeamForAll.com
+1 858-295-7661

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