ADS-TEC Energy to Showcase the Future of Ultra-Fast EV Charging for Residential Complexes in Miami with New Marina Palms Deployment

On March 19, ADS-TEC Energy plc (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, will unveil a significant sustainability milestone with the first Miami deployment of its ultra-fast electric vehicle (EV) charging solution, ChargeBox, at the Marina Palms Yacht Club and Residences on the waterfront in North Miami Beach.

The event will bring together leaders of the Miami community including prominent members of the real estate, construction, engineering, property management and developer communities, as well as local sustainability organizations and experts to highlight how Miami and Marina Palms are embracing cutting-edge technology to serve EV-driving residents. ADS-TEC Energy CEO Thomas Speidel and other executives will be available to discuss and demonstrate the new charging technology and its applications for large residential properties.

Access to fast and readily available EV charging is one of the biggest hurdles to the adoption of EVs. The challenge is compounded by the fact that almost a third of U.S. housing is comprised of large, multi-family residences. According to the U.S. Department of Energy, more than 80% of EV charging takes place at home, but in large residential buildings, the charging landscape is much more complicated than in single family homes and small multi-unit dwellings. Electrifying each or a share of parking spaces with slower Level 2 chargers in a building with several hundred apartments or condos is not a long-term solution as EVs ramp up due to the space limitation and insufficient electrical wiring onsite. In addition, Level 2 charging takes many hours. With ChargeBox from ADS-TEC Energy, users can charge their EVs in minutes.

ADS-TEC Energy's Marina Palms deployment is significant as it showcases a simple way to quickly deploy ultra-fast EV chargers?regardless of the electrical infrastructure available?and, in turn, speed up EV adoption. The company's ChargeBox solution enables vehicles to be charged in a matter of minutes on existing power-limited grids and requires minimal effort to install.

EVENT SUMMARY

WHAT: ADS-TEC Energy ultra-fast EV charger deployment at Marina Palms Yacht Club and Residences

DATE: Tuesday, March 19, 2024

TIME: 11:30 a.m. ? 2 p.m. ET. Speeches and community addresses begin at noon, with secure check-in starting at 11:30 a.m. ET. Additional demos will be conducted through early afternoon, and 1:1 meetings with ADS-TEC Energy can be scheduled upon request.

LOCATION: Marina Palms Yacht Club and Residences (North Tower, 17301 Biscayne Blvd., North Miami Beach, FL 33160)

REGISTRATION: To inquire about registration, please email [email protected]. All guests must be confirmed and cleared through security in advance. Media should present press credentials as part of registration inquiry.

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, an operating company incorporated in Germany ("ADSE GM") and ads-tec Energy Inc., a U.S. subsidiary of ads-tec Energy GmbH ("ADSE US" and together with ADS-TEC Energy and ADSE GM, "ADSE"). Based on more than 10 years of experience with lithium-ion technologies, ADS-TEC Energy develops and manufactures battery storage solutions and fast charging systems including 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. It was nominated by the President of the Federal Republic of Germany for the German Future Prize and elevated to the "Circle of Excellence" in 2022. 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 point operators.

More information: https://www.ads-tec-energy.com/en/