Charging Robotics Targets the $1.8 Billion Automated Parking Market for EV Wireless Charging Solution - Seite 2

Convenient Charging Experience: drivers will start the system using a dedicated smart phone application, which will also notify the driver about the charging process

Scalability and Adaptability: the system’s modular design enables easy scalability, allowing the parking lot operator to increase the number of chargers in the facility based on the number of electric vehicles. The system will be able to charge all electric vehicles at efficiencies of >93% which is outstanding for wireless charging systems.

For additional information, please visit: https://www.chargingrobotics.com/

About Charging Robotics

Charging Robotics is developing various automatic wireless charging solutions such as robotic and stationary charging systems for electric vehicles. Robotic solutions are intended to offer the driver the ability to initiate charging by use of a simple smartphone app so that an autonomous robot will navigate under the vehicle and charge it. Stationary systems offer various solutions for example in automatic car parks allowing to charge EVs in places where drivers can’t connect plugs to sockets. For further information, visit: https://www.chargingrobotics.com/

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on the company’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of the company could differ materially from those described in or implied by the statements in this press release. For example, the company uses forward looking statements when discussing the growing demand for electric vehicle charging in automated parking systems, the expected growth of the automated parking market and its potential to create a more sustainable and efficient future for transportation and the numerous advantages that its wireless charging system will have..