Pioneer Power awarded $8M purchase order from global automaker for E-Bloc solution

PIONEER POWER SOLUTIONS, INC.

One of the world's largest automakers placed $8M order for E-Bloc, for a new EV campus.
Order covers initial powering of the EV campus; additional manufacturing-hub opportunities remain.
Delivery scheduled for Q3 2023. Company's project backlog now exceeds $35M.
CEO Nathan Mazurek highlighted competitive win against larger players on design and delivery.
Order awarded by automaker's battery & EV division; reinforces Pioneer's 2023 revenue growth outlook.

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