Medigus Ltd. American Depositary Share Stock Price, News & Analysis

Xylo Technologies has announced a successful installation of a wireless EV charging system in an automatic parking facility through its subsidiary Charging Robotics (62.22% owned by Xylo). The innovative system demonstrates effective wireless power transfer for electric vehicles, featuring cloud-based charge reporting and smart energy management.

The solution integrates machine learning and AI algorithms to optimize charging sequences based on factors like departure times and vehicle types. A user-friendly smartphone application enables EV owners to control and monitor the charging process in real-time.

This installation represents a significant advancement in addressing EV charging challenges in robotic parking facilities, where traditional plug-in methods are impractical. The system aims to provide seamless charging while efficiently managing available electricity and customer needs, supporting the growing demand for automated parking systems and electric vehicle infrastructure.

Xylo Technologies announced that Revoltz, which is 19.9% owned by Charging Robotics, has secured its first institutional client for the PORTO EV, an electric micro-vehicle designed for last-mile logistics.

Key developments:

• A major logistics company will integrate PORTO EVs into their urban delivery fleet
• This follows Revoltz's successful delivery of 50 PORTO EV units under a $2.7 million multi-year agreement with an Israeli distributor

The PORTO EV features:

• High-volume cargo capacity with dual axles
• Full-day operation on single charge
• Compact design for urban areas
• License-free operation for users 16+ in Israel

This institutional order represents Revoltz's strategic shift from individual sales to fleet deployments, positioning the company for growth in the sustainable urban transportation sector.

Xylo Technologies (Nasdaq: XYLO) announced that Revoltz , which is 19.9% owned by Charging Robotics Inc. (62.22% owned by Xylo), has initiated the commercial phase of its PORTO EV in Israel with the delivery of the first 50 vehicles to its exclusive distributor.

The launch follows regulatory approval from the Israeli Standards Institute and is part of a $2.7 million five-year distribution agreement that includes an initial commitment of 150 vehicles in the first year. The PORTO EV, designed for last-mile delivery, features high-volume cargo space, full-day range on a single charge, and license-free operation for users 16+ under Israeli regulation.

The exclusive distributor will manage sales, service, and maintenance operations, targeting local delivery fleets, logistics companies, and small businesses in urban centers.

Xylo Technologies (Nasdaq: XYLO) announced that Revoltz has won the prestigious TAIPEI CYCLE d&i awards 2025 in the Micro-Mobility category. Revoltz, which is 19.9% owned by Charging Robotics (OTC: CHEV), a 62.22% subsidiary of Xylo, competed against 150+ submissions from 11 countries.

The award recognizes Revoltz's achievements in sustainable last-mile mobility solutions, with judges praising its combination of advanced engineering, functional design, and urban-focused innovation. The winning product was displayed at the TAIPEI CYCLE exhibition at the Taipei Nangang Exhibition Center.

The Taipei Cycle Show, a leading B2B event in the global cycling industry, will host 950 companies from 35 countries across 3,600+ exhibition booths. The show focuses on four core themes: Innovation Drive, Green Forward, Cycling Ecosystem, and Smart Cycling.

Xylo Technologies announced that Revoltz has received approval from the Israeli Standards Institute to sell its PORTO EV micro vehicle in Israel. Revoltz is 19.9% owned by Charging Robotics (63.7% owned by Xylo). The Standard 6230 Type Approval allows riders as young as 16 to operate the vehicle without a driver's license.

The PORTO EV, designed for last-mile delivery, offers storage capacity similar to a small hatchback car and can operate for a full day on a single charge. In 2023, Revoltz secured a $2.7 million exclusive distribution agreement in Israel, with an initial purchase of 50 PORTO units and a commitment for 150 vehicles in the first year. The five-year agreement includes annual milestones and service provisions, primarily targeting the local delivery market.

Xylo Technologies (Nasdaq: XYLO) announced that ParaZero Technologies (Nasdaq: PRZO), an aerospace company 18.68% owned by Xylo, has initiated a partnership with a leading Tier 1 defense OEM to adapt its drone safety systems for military and medical missions. ParaZero received an initial order for 50 systems for testing, with plans to develop adaptations for medical delivery systems. Upon successful testing, the customer intends to purchase hundreds more systems for a pilot program. The project aims to enhance medical field mission deliveries in critical and remote areas, with completion expected by the end of 2024. ParaZero's goal is to develop a scalable, cost-effective mass production system for wider deployment, potentially entering defense markets and improving healthcare logistics.

Xylo Technologies (Nasdaq: XYLO) has announced that Revoltz , 19.9% owned by Charging Robotics, Inc. (OTC: CHEV), is developing a new three-wheel electric cargo bike for European and UK markets. The bike features:

• Enhanced stability and increased payload capacity
• Advanced full-tilting suspension system
• Compliance with European and UK regulatory standards
• Pedal and electric motor combination for efficient, eco-friendly rides
• Versatile configurations for various transportation needs

The prototype is expected within three months, with commercialization anticipated for early 2025. This innovative product aims to address urban transportation challenges and promote sustainable mobility solutions.

Xylo Technologies (Nasdaq: XYLO) has announced a planned reverse split of its American Depositary Receipt (ADR) program. The ratio change will be 1 new ADS for every 2.666666 old ADSs. Each new ADS will represent 40 ordinary shares, up from the previous 15. The effective date is set for August 5, 2024. Xylo's ADSs will continue trading on Nasdaq under the symbol 'XYLO' with a new CUSIP Number. ADS holders must surrender their old ADSs to BNY Mellon for cancellation. The change will not affect the company's ordinary shares or alter shareholders' ownership percentages, except for minor adjustments due to fractional ADSs.

Xylo Technologies (Nasdaq: XYLO) announced that its subsidiary, Charging Robotics, Inc. (OTC: CHEV), received its first commercial order for wireless charging systems in automatic parking facilities. The order, from Parking Design , is for 12 systems to be delivered throughout 2025. This follows a pilot project in Tel Aviv, Israel.

Charging Robotics' system uses machine learning and AI to manage EV charging efficiently, prioritizing based on factors like departure time and vehicle type. This technology addresses increasing electricity demand in parking facilities. The collaboration aims to revolutionize EV management and charging in automated parking environments, focusing on sustainability and operational excellence.