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Electreon Wirels - ELWSF STOCK NEWS

Welcome to our dedicated page for Electreon Wirels news (Ticker: ELWSF), a resource for investors and traders seeking the latest updates and insights on Electreon Wirels stock.

Electreon Wirels (ELWSF) provides cutting-edge wireless charging solutions for electric vehicles, integrating cybersecurity-certified infrastructure across global mobility networks. This news hub offers investors and industry stakeholders centralized access to official updates and strategic developments.

Track critical announcements including quarterly earnings disclosures, technology patent approvals, and infrastructure deployment partnerships. Our curated feed includes regulatory filings, product launch details, and certification milestones like the company's ISO/SAE 21434 compliance achievements.

Discover updates on Electreon's Charging as a Service (CaaS) expansions, municipal infrastructure projects, and collaborations with automotive manufacturers. All content is sourced directly from verified corporate communications to ensure accuracy and timeliness.

Bookmark this page for streamlined monitoring of Electreon's progress in redefining sustainable transportation through secure, inductive charging technologies. Check regularly for insights into how ELWSF advances EV adoption while addressing critical cybersecurity challenges in connected vehicle ecosystems.

Rhea-AI Summary

Electreon (TASE: ELWS), a wireless EV charging leader, announced a second project agreement with Electra Afikim for the Ovnat terminal in Petah Tikva. This follows 1.5 years of successful operations at Rosh HaAyin depot, where 23 wireless-enabled buses are charged daily.

The new project, pending budgetary approval, will implement underground wireless charging beneath passenger bays, enabling automatic charging during passenger boarding and drop-offs. The system will initially support the existing 23 electric buses and accommodate fleet expansion plans.

Located near Tel Aviv's Grand Mall and light rail station, the Ovnat terminal project includes design works, approvals for terminal electrification, and future construction of the local power grid. Electreon will provide end-to-end services, including system installation, maintenance, and access to their fleet management software platform.

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Electreon (ELWS), a wireless electric vehicle charging leader, has achieved the ISO/SAE 21434 certification for automotive cybersecurity engineering. This certification, essential for automakers integrating new technologies, validates the cybersecurity measures in Electreon's charging infrastructure that enables EVs to charge wirelessly while in motion, stopped, or in traffic.

The certification process took over a year and places Electreon among an elite group of companies meeting these stringent requirements. The standard is particularly significant as it aligns with the United Nations' UNECE R155 regulation, which mandates cybersecurity for vehicles and requires automakers to implement Cybersecurity Management Systems (CSMS).

This achievement is expected to drive greater demand for Electreon's solutions in large-scale transportation projects and strengthen partnerships with OEMs, while ensuring secure communication between vehicles, charging systems, roads, and power grids.

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Electreon (TASE: ELWS) has announced the successful operation of an electric bus charged via its wireless electric road system in Tel Aviv. This pilot, conducted in partnership with local authorities and funded by the Israel Innovation Authority, demonstrates the company's innovative technology, which allows for charging while driving and reduces battery size requirements.

The project involves a 700-meter electrified road section and aims to eventually support the entire Tel Aviv bus fleet, promoting environmental sustainability and cost-effective electrification.

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ElectReon (TASE: ELWS) has been selected to provide its Wireless Electric Road Systems technology for the eCharge project, funded by the German Federal Government with €1.9 million. This collaboration includes major partners like Volkswagen and Eurovia, aiming to develop efficient inductive charging solutions for electric vehicles while driving. ElectReon will also establish a subsidiary in Germany, led by Dr. Andreas Wendt, to enhance its presence in the growing German market for wireless charging technology.

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FAQ

What is the current stock price of Electreon Wirels (ELWSF)?

The current stock price of Electreon Wirels (ELWSF) is $33 as of March 28, 2025.

What is the market cap of Electreon Wirels (ELWSF)?

The market cap of Electreon Wirels (ELWSF) is approximately 832.8M.
Electreon Wirels

Nasdaq:ELWSF

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