Shorepower Awarded Two New Project in California
Shorepower (SPEV) has secured two new projects in California worth over $100,000, involving the installation of 4 Level 2 connection points in Boron and 12 Level 2 connection points in Norwalk. The company currently operates approximately 1,800 connection points in its commercial charging network.
Additionally, Shorepower has introduced a new "medium speed" DC Fast Charger (DCFC) with speeds ranging from 20kW to 40kW, which is 2-4 times faster than typical Level 2 chargers. These new chargers can operate on existing 208VAC 3-phase input, reducing upgrade costs, and are specifically designed for commercial vehicles like box trucks, electric buses, and high-capacity pickup trucks.
Shorepower (SPEV) ha ottenuto due nuovi progetti in California per un valore superiore a 100.000 dollari, che prevedono l'installazione di 4 punti di collegamento di Livello 2 a Boron e 12 punti di collegamento di Livello 2 a Norwalk. Attualmente, l'azienda gestisce circa 1.800 punti di collegamento nella sua rete di ricarica commerciale.
Inoltre, Shorepower ha lanciato un nuovo caricatore rapido DC "a velocità media" (DCFC) con potenze variabili da 20kW a 40kW, che è da 2 a 4 volte più veloce rispetto ai caricabatterie di Livello 2 tradizionali. Questi nuovi caricabatterie possono funzionare con un ingresso trifase a 208VAC esistente, riducendo i costi di aggiornamento, e sono progettati specificamente per veicoli commerciali come camion a cassone, autobus elettrici e pickup ad alta capacità.
Shorepower (SPEV) ha asegurado dos nuevos proyectos en California por un valor superior a 100.000 dólares, que incluyen la instalación de 4 puntos de conexión de Nivel 2 en Boron y 12 puntos de conexión de Nivel 2 en Norwalk. Actualmente, la empresa opera aproximadamente 1.800 puntos de conexión en su red comercial de carga.
Además, Shorepower ha presentado un nuevo cargador rápido de corriente continua (DCFC) de "velocidad media" con potencias que van de 20kW a 40kW, lo que es 2 a 4 veces más rápido que los cargadores típicos de Nivel 2. Estos nuevos cargadores pueden funcionar con una entrada trifásica de 208VAC existente, lo que reduce los costos de actualización, y están diseñados específicamente para vehículos comerciales como camiones de caja, autobuses eléctricos y camionetas de alta capacidad.
Shorepower (SPEV)는 캘리포니아에서 10만 달러 이상의 가치가 있는 두 개의 신규 프로젝트를 확보했으며, 이 프로젝트에는 Boron에 4개의 레벨 2 연결 지점과 Norwalk에 12개의 레벨 2 연결 지점 설치가 포함됩니다. 현재 이 회사는 상업용 충전 네트워크에서 약 1,800개의 연결 지점을 운영하고 있습니다.
또한 Shorepower는 20kW에서 40kW까지 속도를 제공하는 새로운 "중속" DC 고속 충전기(DCFC)를 도입했으며, 이는 일반적인 레벨 2 충전기보다 2~4배 빠릅니다. 이 새로운 충전기는 기존의 208VAC 3상 입력에서 작동할 수 있어 업그레이드 비용을 줄이며, 박스 트럭, 전기 버스, 대용량 픽업 트럭과 같은 상업용 차량을 위해 특별히 설계되었습니다.
Shorepower (SPEV) a obtenu deux nouveaux projets en Californie d'une valeur de plus de 100 000 dollars, impliquant l'installation de 4 points de connexion de niveau 2 à Boron et 12 points de connexion de niveau 2 à Norwalk. L'entreprise exploite actuellement environ 1 800 points de connexion dans son réseau de recharge commercial.
De plus, Shorepower a introduit un nouveau chargeur rapide DC "vitesse moyenne" (DCFC) avec des puissances allant de 20 kW à 40 kW, soit 2 à 4 fois plus rapide que les chargeurs de niveau 2 classiques. Ces nouveaux chargeurs peuvent fonctionner avec une entrée triphasée 208VAC existante, réduisant ainsi les coûts de mise à niveau, et sont spécialement conçus pour les véhicules commerciaux tels que les camions à caisse, les bus électriques et les pickups à haute capacité.
Shorepower (SPEV) hat zwei neue Projekte in Kalifornien im Wert von über 100.000 US-Dollar gesichert, die die Installation von 4 Level-2-Anschlusspunkten in Boron und 12 Level-2-Anschlusspunkten in Norwalk umfassen. Das Unternehmen betreibt derzeit etwa 1.800 Anschlusspunkte in seinem kommerziellen Lade-Netzwerk.
Darüber hinaus hat Shorepower einen neuen "Medium-Speed" DC-Schnelllader (DCFC) vorgestellt, der Ladeleistungen von 20 kW bis 40 kW bietet und damit 2- bis 4-mal schneller ist als typische Level-2-Ladegeräte. Diese neuen Ladegeräte können mit bestehender 208VAC 3-Phasen-Eingangsspannung betrieben werden, was die Aufrüstungskosten senkt, und sind speziell für Nutzfahrzeuge wie Kastenwagen, Elektrobusse und hochkapazitäre Pickup-Trucks konzipiert.
- Secured new projects worth over $100,000 in California
- Large existing network of approximately 1,800 connection points
- New medium-speed DCFC technology offers 2-4x faster charging than Level 2
- New chargers reduce infrastructure costs by using existing 208VAC power
- Potential for additional contract awards through ongoing proposal efforts
- None.
Company develops and rolls out new “medium speed” DC Fast Charger
PORTLAND, May 16, 2025 (GLOBE NEWSWIRE) -- Shorepower (OTC: SPEV) is pleased to announce they have been awarded two new projects in California totaling over
Shorepower “Medium Speed” DC Fast Charger (DCFC)
The company is also excited to announce their latest evolution in charging stations: a new “medium speed” DC Fast Charger (DCFC). The new chargers greatly improve cost efficiency and magnify the competitive offering. These chargers range in speed between 20kW and 40kW which are 2 to 4 times faster than most EVs are capable of charging on Level 2 chargers. Some of the new DCFCs are also capable of being powered with existing 208VAC 3-phase input, thus reducing the cost of power service upgrades to 480VAC. These chargers are ideally suited to charging smaller commercial vehicles such as box trucks, electric buses, and higher capacity pickup trucks for work/business operations.
As a result of the Company’s proposal writing efforts, the company anticipates being able to announce additional contract awards in the future. As the percentage of EVs on the roads increases, the number of charging stations will need to increase exponentially.
Jeff Kim, CEO stated, “We are excited about the new additions to our charging network and increasing our product diversity. These products will allow us to capitalize on more opportunities and serve a growing number of customers.”
Kim added: “We will continue to upgrade and expand our footprint organically and through acquisitions. Our focus has been on refreshing our product capabilities and updating existing locations with more advanced charging capabilities. We anticipate augmenting our robust grant writing capabilities to capture more State and Federal funds for the continued build out of our charging station network.”
Investor Relations Contact:
Inflection Partners, eric@inflectionpartnersllc.com
About Shorepower Technologies
Shorepower is a transportation electrification company that builds, deploys and operates plug-in stations that allow electric vehicles, trucks and refrigerated trailers to conveniently access electric power while parked or staged, resulting in cost savings for fleets and drivers that offsets petroleum fuel consumption, thus significantly reducing associated toxic emissions and greenhouse gases by replacing petroleum fuels with electric power. We currently operate the largest heavy-duty focused network of electrified parking spaces in North America. This network includes 60 facilities conveniently located at travel centers with approximately 1,800 electrified parking spaces. Most of these facilities are focused on truck stop electrification (TSE) and electric standby transport refrigeration units (eTRU). Still, several sites already include electric vehicle charging stations which will continue to grow.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," and "will" and variations of such words and similar expressions are intended to identify such forward-looking statements. All statements in this press release pertaining to our expectations relating to this acquisition constitute forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, the accuracy of our estimates regarding expenses, capital requirements and need for additional financing, our ability to operate our business and generate profits, decline in global financial markets and economic downturn resulting from the coronavirus COVID-19 global pandemic, business interruptions resulting from the coronavirus COVID-19 global pandemic, and general risk factors affecting the restaurant industry, including current economic climate, costs of labor and energy prices. These and other risks, assumptions and uncertainties are described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. We expressly disclaim any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.
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