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Tel-Aviv, Israel, March 18, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems for enabling ultra-fast EV charging solutions, announced today the enhancement of its strategic focus with the introduction of Energy Storage Systems (ESS) and an enhanced Energy Management System (EMS) designed to lead to maximizing EV charging performance and cost efficiency, along with the expansion of its sales team. The newly introduced Energy Storage System (ESS), in addition to ZOOZ Power's intelligent* boosting offering, allows charging operators to significantly reduce electricity costs by storing energy during

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

This marks the first step for ZOOZ to become the first Nasdaq and TASE dual-listed company to adopt Bitcoin as a treasury asset TEL AVIV, Israel, Aug. 06, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ) ("ZOOZ" or the "Company") today announced the closing of the initial private placement transaction (the "Initial Private Placement") in the amount of $5 million (prior to deducting offering expenses) as part of a larger $180 million (in the aggregate) private placement with accredited institutional investors, announced on July 29, 2025 (the "Private Placement"). ZOOZ intends to use a portion of the net proceeds from the Initial Private Placement to repay a portion of its o

ZOOZ to become the first Nasdaq and TASE dual-listed company to hold Bitcoin in its treasury The Board of Directors of the Company has approved the new strategy, which provides investors with exposure to Bitcoin Jordan Fried to become CEO to lead the first Israeli digital asset treasury strategy Largest offering by a Non-US Listed Company to launch a digital asset treasury strategy TEL AVIV, Israel, July 29, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ) ("ZOOZ" or the "Company") today announced a $180 million private placement, or PIPE, with accredited institutional investors in connection with its plans to launch a Bitcoin Reserve Strategy. The PIPE, which is subje

Board of Directors Announces Restructuring Plan Tel Aviv, Israel, June 23, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems for enabling ultra-fast EV charging solutions, announced today that its board of directors has approved a plan to explore additional strategic alternatives to fully capitalize on its advanced, patented flywheel technology. Over the past several months, ZOOZ Power has engaged in ongoing discussions with a prominent defense and intelligence electronics company regarding deployment of a robust, repetitive short-duration power booster capable of operating in challenging environ

Tel-Aviv, Israel, May 21, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems enabling ultra-fast EV charging solutions, announced today that Erez Zimerman, ZOOZ Power's Chief Executive Officer will present at the 2025 Aegis Capital Corp. Virtual Conference on May 22 at 4:00 p.m. ET.   For interested investors, a live webcast of the presentation can be accessed HERE. About The 2025 Aegis Capital Corp. Virtual Conference The conference brings together a lineup of companies and key business partners, and it features a network of retail brokers, institutional funds, and money managers. The conference

Tel-Aviv, Israel, March 24, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems enabling ultra-fast EV charging solutions, is successfully operating its ZOOZTER™-100 kinetic power booster at a New York Power Authority (NYPA) work site in Marcy, N.Y. This, the first deployment of ZOOZ Power's technology in a power utility in the United States is a significant step toward accelerating the adoption of ultra-fast EV charging in locations with grid constraints. The ZOOZTER™-100 system, installed in partnership with NYPA, is now actively boosting the grid power and efficiency at the site's high-power EV c

Tel-Aviv, Israel, March 18, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems for enabling ultra-fast EV charging solutions, announced today the enhancement of its strategic focus with the introduction of Energy Storage Systems (ESS) and an enhanced Energy Management System (EMS) designed to lead to maximizing EV charging performance and cost efficiency, along with the expansion of its sales team. The newly introduced Energy Storage System (ESS), in addition to ZOOZ Power's intelligent* boosting offering, allows charging operators to significantly reduce electricity costs by storing energy during

Tel-Aviv, Israel, March 06, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems for enabling ultra-fast EV charging solutions, announced today its second half and full year 2024 financial results and provided a corporate update. ZOOZ Power's revenue increased in 2024, doubling the number of systems sold in 2023. Revenue increased by 36% from $0.76 million in 2023 to $1.04 million in 2024. While revenue in 2023 included related installations services provided only in 2023 as part of early penetration, in 2024 revenue relates to systems only. "As the EV market continues to evolve, ZOOZ Power remains

Tel-Aviv, Israel, March 03, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (NASDAQ:ZOOZ, TASE: ZOOZ)), a leading provider of flywheel-based power boosters and energy management systems for enabling ultra-fast EV charging solutions, announced today that it has shipped its first power-boosting system, the ZOOZTER™-100, to China. The commercial arrangements were made through a related party of ZOOZ Power in China. The site where ZOOZTER™-100 will be installed was developed by Yixiaoju Technology Co., Ltd, a company that operates numerous locations within the Orange Charging (Xiaoju) network. Orange Charging, a sub-brand of DiDi's energy sector, is China's largest charging network, operating over 11

Tel Aviv, Feb. 27, 2025 (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 Electric Vehicle (EV) charging, today announced that Mr. Erez Zimerman, Chief Executive Officer, will present at the 5th European EV Charging Infrastructure 2025 Conference in Amsterdam on Tuesday, March 4, 2025, at 4:20pm CET. Mr. Zimerman will discuss how kinetic power boosters with smart energy management enable ultra-fast EV charging and network expansion without costly grid upgrades. By improving energy distribution through adaptive charging, peak shaving and efficient power allocation,

Tel Aviv, Nov. 26, 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 Electric Vehicle ("EV") charging, today announced that Mr. Erez Zimerman, Chief Executive Officer, will participate in Benchmark's 13th Annual Discovery One-on-One Investor Conference scheduled to be held on Wednesday, December 11, 2024, in NYC. Mr. Zimerman will be available on site for one-on-one investor meetings. To schedule a meeting, please contact your Benchmark representative. About ZOOZ Power Ltd. ZOOZ Power is the leading provider of Flywheel-based power boosting and power manage

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

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.