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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, a leader in electrical power systems, will present at the Planet MicroCap Showcase: VEGAS 2023 on April 26, 2023, at 5:30 PM ET (2:30 PM PT). Nathan Mazurek, CEO, will lead the presentation. Interested parties can access the live webcast here. For those wishing to engage in 1x1 meetings with the company, registration is required at the conference's site. Meetings will occur in person at the Las Vegas venue. If unable to attend live, recorded presentations will be accessible through the conference's agenda tab. Pioneer specializes in power generation and mobile electric vehicle charging solutions across various markets. To learn more, visit Pioneer’s website.
Pioneer Power Solutions (Nasdaq: PPSI) announced a significant contract with a major northeastern transportation agency for the long-term rental of a 75KW e-Boost Mobile unit. This mobile charging solution, which includes fast-charging and Level 2 chargers, was deployed in Q1 2023 to charge multiple EV shuttle buses and vehicles at various facilities. The e-Boost system presents a new revenue stream for Pioneer, allowing customers to charge EVs without investing in fixed infrastructure. The company anticipates increased adoption and follow-on orders due to the success of initial deployments.
Pioneer Power Solutions (Nasdaq: PPSI) reported strong financial performance for 2022, with full-year revenue increasing 48% to $27.0 million. The fourth quarter saw revenues surge 172% year-over-year, reaching $9.5 million. The company's backlog increased 63% from the previous year to a record $37.2 million. Despite a full-year net loss of $3.6 million, Pioneer achieved a fourth-quarter net income of $948,000 or $0.10 per share. Management expects revenue growth of at least 50% in 2023, predicting total revenues between $42 and $45 million, and anticipates positive earnings per share for the year.
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