Tel Aviv, Israel, Nov. 14, 2024 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (NASDAQ and TASE: ZOOZ) ("ZOOZ"), the leading provider of Flywheel-based power boosting and power management solutions enabling ultra-fast multi-port Electronic Vehicle ("EV") charging, today announced that it has entered into a Standby Equity Purchase Agreement ("SEPA") with YA II PN, Ltd. ("Yorkville"), an investment fund managed by Yorkville Advisors Global, LP. This agreement aligns with ZOOZ's ongoing efforts to expedite growth and provides a flexible financing option to support future capital needs. Under the terms of the SEPA, and subject to customary conditions, ZOOZ has the option, at its sole discretion, to se

Tel Aviv, Oct. 15, 2024 (GLOBE NEWSWIRE) -- ZOOZ POWER Ltd. (NASDAQ and TASE: ZOOZ), the leading provider of Flywheel-based power boosting and power management solutions enabling ultra-fast multi ports EV charging, today announced that Erez Zimerman, Chief Executive Officer, will present at the LD Micro Main Event XVII in Los Angeles, on Wednesday, October 30, 2024, at 8:30am PT / 11:30am ET. Representatives of ZOOZ Power's management will be available on site for one-on-one meetings. To schedule a meeting, please contact LD Micro or Miri Segal at [email protected]. A webcast of the presentation will be streamed live at the following link: https://me24.sequireevents.com/. A replay of the

Tel Aviv, Aug. 12, 2024 (GLOBE NEWSWIRE) -- ZOOZ POWER Ltd. (NASDAQ and TASE: ZOOZ), the leading provider of Flywheel-based power boosting and power management solutions enabling ultra-fast multi-port EV charging, announced today the appointment of Erez Zimerman as its new Chief Executive Officer. Erez is expected to start on September 17th, 2024. With a distinguished career spanning hardware, software, and chemistry, Erez Zimerman brings a wealth of experience and a proven track record of driving company turnarounds, leading successful IPOs and acquisitions, and scaling global sales operations. Prior to joining ZOOZ Power, Mr. Zimerman held executive roles at Massivit 3D (listed for trad

Tel Aviv, Aug. 12, 2024 (GLOBE NEWSWIRE) -- ZOOZ POWER Ltd. (NASDAQ and TASE: ZOOZ), the leading provider of Flywheel-based power boosting and power management solutions enabling ultra-fast multi ports EV charging, today announced financial results for the six months ended June 30, 2024 and provided a corporate update. "ZOOZ continues to penetrate as a prime solution for power boosting and management of multi-port ultra-fast EV charging where grid power is insufficient", said Avi Cohen, Executive Chairman and Interim CEO. Mr. Cohen continued, "our ZOOZTER™-100 is now installed at major Charge Point Operators (CPOs) in Europe and Israel, enabling a substantial increase in

ZOOZ Power's innovative flywheel based kinetic booster power management solution that enables ultra-fast multi-ports EV charging are now live at four sites in Germany, with a fifth coming soon.Using stored kinetic energy from its flywheels and its energy management software, ZOOZ Power supplements the grid power, maximizing charging infrastructure utilization.The ZOOZTER-100 products have been successfully operational at 2 sites in Herrenberg, operated by Charge Point Operator Mer for over a year.Two new installations in Reiskirchen and Weiterstadt, operated by CPO Parkstrom recently went live as well.Based on the success of the 4 existing sites, an order for a fifth ZOOZTER-100 was received

ZOOM conference call on Thursday, August 1st, 2024 LOD, Israel, July 29, 2024 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (TASE and Nasdaq: ZOOZ) ("ZOOZ"), a leading provider of advanced Flywheel technology based power management solution that enables ultra-fast multi-ports EV charging is happy to announce that the company will hold an update zoom conference on Thursday, August 1st, 2024 at 8:30am ET (15:30 Israel time). Avi Cohen, ZOOZ Chairman and Interim CEO will participate, and the slides used in the meeting will be filled with the TASE and Nasdaq. Participants are requested to sign using the below link. A link to connect to the conference will be sent to the signed participant. 

ZOOZ Power has installed its flywheel-based power boosting and management solution at a second site on Route 6, the Cross-Israel Highway, one of Israel's most congested transportation corridors, in partnership with Dor-Alon and AfconEV following its first installation in May, 2024Using stored kinetic energy from its flywheels and its energy management software, ZOOZ Power supplements the grid power, maximizing charging infrastructure utilizationThe two installations more than double the potential ultrafast charging capacity at each of the two sites without upgrading the gridWith the completion of these second installation, it is the first time that 4x 150kW ultra-fast chargers are available

Tel-Aviv, May 23, 2024 (GLOBE NEWSWIRE) -- ZOOZ POWER Ltd. (NASDAQ and TASE: ZOOZ), a leading provider of flywheel-based power-boosters for enablement of ultra-fast EV-charging, announced today the successful deployment of its innovative Power Boosting solution, enabling the upgrade of the "ON" charging site at Dor-Alon Station on Route 6, the Cross-Israel Highway, one of Israel's most congested transportation corridors. The upgraded site is the outcome of a fruitful collaboration between ZOOZ Power and "ON" charging network, the leading ultra-fast charging network in Israel (a joint operation of Dor-Alon, a leading gas-station network operator, and Afcon Electric Transportation, a

Lod, Israel, May 15, 2024 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (NASDAQ and TASE: ZOOZ), a leading provider of flywheel-based power boosting solutions for the EV charging infrastructure market, today announced that subject to shareholder approval, Avi Cohen, Executive Chairman, will assume the role of Interim CEO, succeeding Boaz Weizer, who will step down effective June 1, 2024. ZOOZ has initiated a thorough search process to identify its next CEO to lead the company into the next phase of its growth. Avi Cohen will serve as Interim CEO until a new CEO is appointed. Mr. Eyal Bloom, Chief Revenue Officer, will assume the role of Interim CBO (Chief Business Officer) responsible for all outbo

Tel Aviv, Aug. 12, 2024 (GLOBE NEWSWIRE) -- ZOOZ POWER Ltd. (NASDAQ and TASE: ZOOZ), the leading provider of Flywheel-based power boosting and power management solutions enabling ultra-fast multi-port EV charging, announced today the appointment of Erez Zimerman as its new Chief Executive Officer. Erez is expected to start on September 17th, 2024. With a distinguished career spanning hardware, software, and chemistry, Erez Zimerman brings a wealth of experience and a proven track record of driving company turnarounds, leading successful IPOs and acquisitions, and scaling global sales operations. Prior to joining ZOOZ Power, Mr. Zimerman held executive roles at Massivit 3D (listed for trad

Lod, Israel, May 15, 2024 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (NASDAQ and TASE: ZOOZ), a leading provider of flywheel-based power boosting solutions for the EV charging infrastructure market, today announced that subject to shareholder approval, Avi Cohen, Executive Chairman, will assume the role of Interim CEO, succeeding Boaz Weizer, who will step down effective June 1, 2024. ZOOZ has initiated a thorough search process to identify its next CEO to lead the company into the next phase of its growth. Avi Cohen will serve as Interim CEO until a new CEO is appointed. Mr. Eyal Bloom, Chief Revenue Officer, will assume the role of Interim CBO (Chief Business Officer) responsible for all outbo