Pioneer Announces e-Boost Order Of $7.1M From One Of The Largest U.S. School Districts; Contract Likely To Grow To More Than $8M With The Expected Addition Of Planned Contingency Measures

Expects Full Delivery of 25 Units in the First Quarter of 2025

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) ("Pioneer" or the "Company"), a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging solutions, today announced that it has received an order from one of the largest public school districts in the United States for 25 e-Boost Mobile units to power the school district's electric school bus ("ESB") fleet. The order, valued at $7.1 million, is likely to grow to more than $8.0 million with the expected addition of planned contingency measures.