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Pioneer Power Solutions Inc (PPSI) delivers innovative electrical infrastructure and critical power solutions for utilities, commercial, and industrial markets. This news hub provides investors and industry professionals with timely updates on product developments, strategic initiatives, and operational milestones.
Access official press releases and curated news coverage spanning transformer innovations, switchgear advancements, and critical power system deployments. Track updates across key areas including quarterly earnings, infrastructure projects, and service network expansions.
Our repository simplifies monitoring of PPSI's contributions to power reliability and grid modernization. Bookmark this page for direct access to verified updates about engineering breakthroughs, market expansions, and leadership in electrical equipment solutions.
Pioneer Power Solutions (Nasdaq: PPSI) has secured a $5 million order for its e-Boost mobile EV charging solutions from a major U.S. metro transit authority. The order aims to equip the transit authority's new fleet of 24 EV buses across two depot locations, supporting the city's 2028 goal for a fully electric fleet. Each e-Boost Mobile unit offers 240kW of onboard power and includes six offboard chargers. The total onboard energy at each site will be 8.4MWh, ensuring continuous operation even during adverse weather or grid congestion. This contract contributes to Pioneer eMobility's expected revenue exceeding $10 million in 2024. Pioneer was selected for its sustainable, mobile, and robust off-grid solutions. The units will be delivered and commissioned by Q4 2024.
Pioneer Power Solutions received a delinquency notification from Nasdaq on May 24, 2024, due to its failure to timely file its Quarterly Report for Q1 2024 and its Annual Report for 2023. However, this notice does not immediately affect the company's Nasdaq listing. Pioneer has until June 17, 2024, to submit a compliance plan. If accepted, Nasdaq may grant up to 180 days, until October 14, 2024, to file the overdue reports. If Nasdaq rejects the plan, Pioneer can appeal to a Hearings Panel.
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