Noticia

NÜRTINGEN, Germany, August 25, 2022 - ADS-TEC Energy (NASDAQ: ADSE) today announced that the company has significantly increased the order volume for its products in fiscal year 2022 since the publication of the first financial forecast on April 28, 2022. The orders primarily involve the company’s battery-buffered, ultra-fast EV charging systems, but also include stationary storage systems for commercial and industrial applications. For contractual reasons, specific customers and projects cannot be publicly announced at this time.

The current problems in the supply chain and the very long delivery times for products already ordered will mean that sales in 2022, as already announced and planned, will be recorded during the last months of the year. The previous sales forecasts for 2022 will not be affected by the increased order backlog, as sales from the new orders are planned for 2023.

"My team and I are very pleased with the massive increase in orders, especially in these extremely uncertain times. We see this customer trust as confirmation of our strategy and hard work," said Thomas Speidel, CEO, ADS-TEC Energy. " Our production is already prepared for the additional volume. Together with our strong suppliers and partners, we are confident that we will be able to ensure the availability of important materials for production. Here, ADS-TEC Energy's ability to master all stages of development is a real differentiator. Nevertheless, inflation, scarcity of resources and materials will continue to occupy us and the entire industry; normality is not in sight."

• About ADS-TEC Energy
ADS-TEC Energy plc, a public limited company incorporated in Ireland and publicly listed on NASDAQ (“ADS-TEC Energy”), serves as a holding company for ads-tec Energy GmbH, our operating company incorporated in Germany (“ADSE GM”) and ads-tec Energy Inc., a US subsidiary of ads-tec Energy GmbH (“ADSE US” and together with ADS-TEC Energy and ADSE GM, “ADSE”). Based on more than ten years of experience with lithium-iontechnologies, ADS-TEC Energy develops and manufactures battery storage solutions and fast charging systemsincluding their energy management systems. Its battery-based, fast charging technology enables electric vehicles to ultrafast charge even on low powered grids and features a very compact design. The high quality and functionality of the battery systems are due to a particularly high depth of development and in-house production. With its advanced system platforms, ADS-TEC Energy is a valuable partner for automotive, OEMs, utility companies and charge-operators.