Pioneer Power Secures Significant Distributed Power Order in Mission-Critical Resiliency Market
New $690,000 Order from Leading National Fitness Chain Signals Pivotal Expansion from Mobile EV Charging to Broader, Distributed Energy Solutions
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) ("Pioneer" or the "Company"), a leader in the design, manufacture, service and integration of distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging solutions, today announced the first of several expected purchase orders in the distributed power space. This initial order, valued at more than $690,000, confirms the Company's strategic and natural expansion from its high-growth e-Boost mobile EV charging platform into the expanding market for distributed power.
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Pioneer's 1 MW critical peak shaving/back-up system with 1,800-gallon sub-base fuel tank for instantaneous and reliable transfer to island mode operation
This new order is from one of the largest companies in the fitness and sports center industry, an enterprise that has experienced significant growth in both locations and memberships over the last few years. As its operations have become increasingly dependent on technology for facility operations, security systems and member digital experience, maintaining continuous uptime is critical. In selecting Pioneer, the customer prioritized proven reliability, rapid deployment and guaranteed resiliency for its company-wide data and mission-critical systems.
"This new project reflects our evolution from an EV charging solutions provider to a leader in comprehensive, distributed energy systems that power critical operations," said Nathan Mazurek, CEO of Pioneer. "Across industries, customers are accelerating their adoption of flexible and sustainable alternatives to the traditional grid whether for resilience, cost savings or sustainability. This new order reinforces our conviction that distributed energy generation will be a cornerstone of the global energy transition, and Pioneer is uniquely positioned to capture a growing share of this expanding market."
The new system, which is expected to be delivered in the first quarter of 2026, will support comprehensive resilient energy applications, including mission-critical backup power and peak-demand shaving at the customer's headquarters, which is one of over 2,760 locations in the U.S. This deployment, along with all future system upgrades, represents a step in the customer's broader modernization initiative to enhance energy resiliency and manage peak-demand costs more effectively.
The system will feature the following high-capacity components:
- A 1 MW (Megawatt), diesel-fueled generator set.
- A large 1,800-gallon sub-base fuel tank to guarantee extended run-time during multi-day outages.
- A robust 3000A Automatic Transfer Switch (ATS) for instantaneous and reliable transfer to island mode operation.
Mazurek added, "This new project represents a pivotal moment for Pioneer, marking the convergence of our high-growth eMobility business with our long-standing expertise in mission-critical power systems. By delivering a non-interruptible, high-capacity energy solution, we are demonstrating that distributed energy production will play a central and expanding role in the next phase of the global energy transition. Pioneer is strategically broadening its addressable market to include commercial and industrial sectors such as data centers, critical retail operations and healthcare facilities, where absolute uptime is essential. We are uniquely positioned to deliver high-value resiliency solutions at the grid edge."
About Pioneer Power Solutions, Inc.
Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, service of distributed energy resources, power generation equipment and mobile electric charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.
e-Boost is Pioneer's portfolio of smart, mobile EV charging solutions that is revolutionizing the industry with its speed, flexibility, and sustainability. Since its launch in November 2021, e-Boost has established itself as the market leader, delivering mobile, off-grid charging solutions with unparalleled lead times and an extensive range of platforms. Trusted by electric bus and truck manufacturers, fleet management companies, municipalities, and EV infrastructure providers, e-Boost is setting the standard for innovative, all-inclusive EV charging solutions. To learn more about Pioneer's e-Boost, please visit its website at www.pioneer-emobility.com.
Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the federal securities laws. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company's ability to successfully operate its business after the divestiture of its E-Bloc business, (ii) the Company's ability to successfully increase its revenue and profit in the future, (iii) general economic conditions and their effect on demand for electrical equipment, (iv) the effects of fluctuations in the Company's operating results, (v) the fact that many of the Company's competitors are better established and have significantly greater resources than the Company, (vi) the Company's dependence on two customers for a large portion of its business, (vii) the potential loss or departure of key personnel, (viii) unanticipated increases in raw material prices or disruptions in supply, (ix) the Company's ability to realize revenue reported in the Company's backlog, (x) future labor disputes, (xi) changes in government regulations, (xii) the liquidity and trading volume of the Company's common stock, (xiii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event, (xiv) risks associated with litigation and claims, which could impact our financial results and condition, and (xv) the Company's ability to maintain compliance with the continued listing requirements of the Nasdaq Capital Market.
More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the U.S. Securities and Exchange Commission ("SEC"), including the Company's Annual and Quarterly Reports on Form 10-K and Form 10-Q, respectively. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
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Brett Maas, Managing Partner
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