Pioneer Wins $5 Million-Plus E-Bloc Order from for California-Based U.S. Water Utility
New End-User, Further Expanding E-Bloc Use-Cases and Significantly Increasing E-Bloc Backlog
Fort Lee, NJ, December 1, 2022 / PRNewswire /– 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 was been selected to provide multiple E-Bloc units to a water utility agency.
The E-Bloc systems will be deployed as part of a sophisticated distributed energy system, enabling the water utility to better manage its power utilization, better control costs, and reduce its carbon footprint. The E-Bloc systems, scheduled to be delivered in the second quarter of 2023, will be installed at three locations in Central California. Total revenue to Pioneer Power is expected to be in excess of $5 million.
Nathan Mazurek, Pioneer’s Chairman and Chief Executive Officer, said, “This purchase order significantly expands our record backlog, giving us even more confidence in our ability to achieve our ambitious 2023 full-year growth targets. Demand for E-Bloc continues to grow, as heavy electricity users look for ways to improve energy resilience, reduce costs, and implement green sources towards the goal of lower emissions. It is increasingly clear that local water and wastewater systems throughout North America represents a significant, new, and un-served market for E-Bloc. The average age of water systems in North America is 45 years old, and our water infrastructure requires upgrades to meet the growing demands. E-Bloc makes it easy to upgrade the power capabilities, and we are already addressing this new market opportunity.”
“Our innovative E-Bloc solution continues to appeal to customers with significant energy use demands, as well as customers looking to improve their green profile,” added Mr. Mazurek. “E-Bloc makes distributed generation easier, faster, and more cost-effective to deploy, bringing energy resilience, independence, and higher use of green sources for an increasingly wide-range of end-users.”
About Pioneer Power Solutions, Inc.
Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, refurbishment, service and distribution of electric power systems, distributed energy resources, power generation equipment and mobile EV charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.
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