InvestorNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX), ABC Companies Partner to Expand Distribution of Exclusive WAVE Wireless Charging Solutions

Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EV), is partnering with ABC Companies to grow the footprint of IDEX’s WAVE wireless charging technology. A leading provider of motorcoach, transit and specialty passenger transport equipment throughout the United States and Canada, ABC Companies will become a certified reseller of the industry-leading wireless inductive charging technology. According to the announcement, the resale partnership will enable IDEX to increase the distribution of WAVE across North America as well as into private charter fleets. The agreement between the two companies is based on the successful deployment of the WAVE charging system to select ABC customers. WAVE offers systems ranging from 125kW to 500kW with a 1MW charger in development, enabling users to maximize operational efficiency while reducing cost of ownership. The proprietary tech works through ruggedized and fully automated charging pads, which deliver power to receivers mounted on a vehicle’s undercarriage. As soon as an EV is correctly positioned on top of the in-ground pad, charging begins. No moving parts, overhead charging infrastructure, labor for manual operations or handling of high-power cables is required. The system is ideal for private charter fleets. When wireless charging pads are available at routine stops, vehicles can run with a nearly full charge throughout their entire duty cycle. “Our WAVE wireless charging technology is a proven solution that solves a major concern we’re hearing from fleet operators about going electric: What happens when I run out of charge?” said Ideanomics Mobility president Robin Mackie in the press release. “With our wireless charging technology, fleet operators can cut the cord, keep their electric fleet running, and stop worrying about vehicle downtime for charging at centralized depots.”

To view the full press release, visit https://ibn.fm/J2L5Z

About Ideanomics Inc.

Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles, charging and financing solutions under one roof, we are the one-stop partner needed to simplify the transition to and operation of any EV fleet. For more information about the company, please visit www.Ideanomics.com.

NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX

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