ADS-TEC Energy and Porsche Sign Worldwide Service Agreement

ADS-TEC Energy (NASDAQ: ADSE) has entered into a service partnership with Dr. Ing. h.c. F. Porsche AG. With the signing of the agreement, ADS-TEC Energy, the developer and manufacturer of ultra-fast charging systems, becomes the recommended service provider for the charging platforms.

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ADS-TEC Energy and Porsche sign worldwide service agreement (Photo: Business Wire)

ADS-TEC Energy will provide services using its infrastructure and personnel on-site in Europe and North America. Approximately 500 Porsche centers in Europe, the USA and Canada are already charging their portfolio of EVs using ADS-TEC Energy’s ChargeBox. Increasingly, Porsche dealerships are also offering their customers the convenience of fast charging using ChargeBox.

"The strengthening and deepening of our cooperation with Porsche, through this comprehensive international service partnership in Europe and North America, is a valuable vote of confidence in us," says Thomas Speidel, CEO of ADS-TEC Energy. "This long-term cooperation offers significant advantages to both sides, taking advantage of the reliable, high-performance of our fast-charging systems. High charging power and availability are important for EV drivers as we advance the transition to electric mobility."

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-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 most recently 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-operators.