Feb 14, 2022 - 02:09 pm

ADS-TEC Energy plans first US factory

German-based ADS-TEC Energy, a provider of battery-boosted fast-charging technology, has appointed Gowton Achaibar as President and CEO of its US subsidiary and announced plans for a factory in the United States.

ADS-TEC formed the North American subsidiary last October when John Neville still served as Head of Sales in the US and as the company-wide sales executive. With Achaibar coming in as CEO and president of the US operations, the company also announced a new job for John Tuccillo. He will lead corporate affairs worldwide for the parent company ADS-TEC Energy.

Both Achaibar and Tuccillo report to Thomas Speidel, founder and CEO of ADS-TEC Energy. The new executives are expected to further ADS-TEC Energy’s growth and operations and attract customers and partners to the company’s ultra-fast charging technology, ADS-TEC stated today.

Said expansion plans have been known latest since the German company, in which Bosch holds a stake, announced its SPAC IPO in August 2021. ADS-TEC completed the deal last December and lists on NASDAQ.

However, the expansion in North America now includes plans for a plant in the US, with the search for a location underway. For example, the company did not disclose any further information, i.e. the region it is looking in. What is clear is that with its production facility, ADS-TEC Energy intends to drive local production and distribution.

The factory and US distribution will fall under Achaibar’s responsibility. According to his new employer, the executive has more than 30 years of experience building and leading service-based businesses for companies such as Dell Technologies and Ericsson. At Ericsson, he led the largest service team in North America, with $4.2 billion in revenue and 15,000 service specialists.

A key focus of the second new hire, Tuccillo, will be Marketing and Government and public relations in the renewable energy and EV charging infrastructure sector. Tuccillo previously served as a global sustainability consultant for Fortune 500 companies and held leadership positions at Schneider Electric for 15 years, most recently as corporate senior vice president of global industry and government affairs.

“We’ve previously communicated our plans to expand in the US, and our recent NASDAQ listing has given us the means to execute. I am proud to announce Gowton and John’s appointments, supporting the continued growth of our company and reflecting the significant customer demand for our battery-buffered technology platforms,” said Speidel.

ADS-TEC’s battery-buffered charging platforms, notably ChargeBox, enable higher charging speeds on low-powered grids and in areas that would not otherwise be practicable. The company claims that up to 320 kW on existing, lower power grids are within range.

ADS-TEC Energy Inc. is the US subsidiary of ADS-TEC Energy GmbH. The ticker symbol on Nasdaq is “ADSE” and “ADSEW”.



Found on electrive.com
14.02.2022 14:36