other material
confidence high
sentiment positive
materiality 0.80
Pioneer Power Secures $12M E-Bloc Order from Major Mass Merchandiser; Sees Revenue Doubling in 2022
PIONEER POWER SOLUTIONS, INC.
- Order valued at ~$12M for 62 E-Bloc units; expected to double T&D Solutions sales in 2022.
- Customer is one of the world's largest mass merchandisers; proposed program for ~500 stores.
- E-Bloc integrates multiple onsite power generation and EV charging needs, reducing installation time and cost.
- CEO Mazurek confirms strategic pivot to address increasing demands on electric grids.