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NEW YORK, NY / ACCESSVIRE / December 1, 2022 / Charge Enterprises, Inc. (NASDAQ:CRGE) (“Charge” or the “Company”), a global enterprise with a vision of connecting people everywhere with communications and electric vehicle (“EV”) charging infrastructure, and GenZ EV Solutions, Inc. (“GenZ”), today announced the installation of its first ultra-fast ChargeBox (CBKS), powered by ADS-TEC Energi. The installation is located at The Suburban Collection of Troy, Michigan (“Suburban Chrysler”), a Lithia Group store.
This installation will offer The Suburban Collection ultra-fast charging technology with a battery buffer to support the growing demand for fast charging solutions for electric vehicles. The GenZ EV ChargeBox (CBKS), powered by ADS-TEC, includes 140 kV/h of integrated energy storage that supplies up to 320 kV of energy from existing infrastructure. For locations with utility charges, the technology enables ultra-fast charging with just 50kV of input power from the grid. This technology supports both the avoidance of expensive peak demand charges and the avoidance of costly and time-consuming utility permits and upgrades. The ChargeBok (CBKS) charges one vehicle up to 320 kV, or two EVs up to 160 kV simultaneously, and provides a charging range of 100 miles in less than ten minutes.
Distributed by GenZ, ChargeBok (CBKS) offers ultra-fast charging on existing power-constrained networks with minimal or no infrastructure or upgrades.
“We are excited to have Charge Enterprises as our preferred infrastructure provider for this dealership’s installation at The Suburban Collection.” With Charge’s dedicated engineering team and project management, we are confident in providing exceptional service,” said GenZ Solutions co-founder John Candillier “ChargeBox (CBX) offers greater flexibility that can provide up to 100 miles of range in less than ten minutes of charging and provides a sleek, compact, quiet solution for filling any commercial property.”
Suburban chose ChargeBok (CBKS) because it delivers up to 320 kV of charging for one EV or up to 160 kV for two EVs simultaneously. This provides greater flexibility for the dealer to service and charge EV inventory with limited drain on dealer resources due to fast charging capabilities. In line with the GreenCars initiative, this installation supports dealers’ efforts to focus on sustainable vehicle education and reliable charging infrastructure.
“Charge is thrilled to be working on the front lines with both GenZ and Suburban installing technologically advanced EV charging solutions. While each has its own competitive advantage, the ChargeBok (CBKS) solution has exceptional integrated technology that pairs well with the Tier 2 charging portfolio products,” said Mark LaNeve, President of Charge Enterprises. “Charge Enterprises’ mission is to work with innovative equipment suppliers who share the common goal of supporting our dealer network and fleet operators as we enter the next phase of this transformative EV revolution.”
About Charge Enterprises, Inc.
Telecommunications
Our telecommunications business (“Telecommunications”) has provided routing and voice, data and short message (“SMS”) services to operators and mobile network operators (“MNOs”) worldwide for more than two decades and is poised to selectively add products and services to this long established business.
Infrastructure
Our infrastructure business (“Infrastructure”) has a primary focus on two rapidly growing sectors: broadband, including cell towers, small cells and building applications, and electric vehicle (“EV”) charging. Solutions for these two sectors include: design and engineering, equipment specification and procurement, installation, data and software solutions, as well as service and maintenance.
To learn more about Charge, visit Charge Enterprises, Inc.
Notice Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the securities provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect current expectations or beliefs regarding future events or future performance. Charge. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “anticipated,” “anticipated,” “budget,” “planned,” “estimates,” “continues.” , “anticipates,” “projects,” “anticipates,” “intends,” “anticipates,” “aims,” or “believes,” or variations or negatives of such words and phrases or state that certain actions, events, or results “may” , “could,” “would,” “should,” “might” or “will” be undertaken, occur or be achieved. All forward-looking statements, including those contained herein, are qualified by this cautionary statement.
Although Charge believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include Charge’s business plans and strategies, Charge’s future development, market acceptance of electric vehicles, Charge’s ability to generate profits and positive cash flow, changes in government regulations and government incentives, subsidies or other favorable government policies , and other risks discussed in Charge’s filings with the U.S. Securities and Exchange Commission (“SEC”). Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive of the factors that may affect forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements in this press release speak only as of the date of this press release or the date or dates specified in such statements. For more information about us, investors are encouraged to review our public filings with the SEC, which are available on the SEC’s website at www.sec.gov. Charge disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Marketing:
Jeff Kuhlman (571) 246-3857
jkuhlman@charge.enterprises
Investor Relations:
Christine Canella (954) 298-6518
Ccannella@charge.enterprises
Carolyn Capaccio, CFA (212) 838-3777
Ccapaccio@lhai.com
SOURCE: Charge Enterprises Inc.
See the original version on accesswire.com:
https://www.accessvire.com/729596/Charge-Enterprises-and-GenZ-Install-First-ADS-TEC-Batteri-Buffered-ChargeBok-at-The-Suburban-Collection-of-Troy-Michigan
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