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Benzinga
Benzinga
Business
Akanksha Bakshi

Pioneer Power Pockets Second Purchase Order For E- Boost EV Charging Solution

Pioneer Nasdaq
  • Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has received a second purchase order, valued at $120 thousand, for its E- Boost skid-mounted mobile EV charging solution.
  • The order was received from a turn-key commercial EV charging infrastructure solutions provider and a Pioneer authorized channel partner.
  • The sale is for two new E- Boost skid-mounted solutions to recharge electric school buses.
  • In January, Pioneer received a $788 thousand purchase order for its E- Boost mobile EV charging solution. The order was shipped in mid-March, and Pioneer expects to recognize related revenue in 1Q21.
  • Price Action: PPSI shares are trading lower by 2.49% at $5.88 on the last check Monday.
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