Pioneer Power Pockets $788K Purchase Order For E-Boost Mobile EV Charging Solution

Pioneer Power Solutions, Inc. PPSI has received a $788,000 purchase order for its E-Boost mobile Electric Vehicle (EV) charging solution.
E-Boost EV charging solutions provide flexible, mobile, and temporary EV charging at events, military deployments, car dealerships, in roadside assistance situations, or wherever needed.
The purchase order is scheduled to be delivered during the first quarter of 2022. The mobile, trailer-mounted unit, or E-Boost Mobile, will be delivered to a Native American hotel and casino in Minnesota.
"Industry estimates suggest that sales of EVs will grow at a compound annual growth rate (CAGR) of better than 20% through at least 2030, representing the fastest-growing segment of the automotive market," commented Nathan Mazurek, Pioneer's Chairman, and CEO.
Price Action: PPSI shares traded higher by 4.06% at $5.09 on the last check Friday.