Xos Secures 30-Truck Purchase Order From Repeat Customer UniFirst; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Xos, Inc. (NASDAQ:XOS) has secured a purchase order for 30 additional 2023 Xos SV Stepvans from repeat customer UniFirst Corporation. This order is part of UniFirst's Memorandum of Understanding to purchase 200 vehicles from Xos. Deliveries are expected to take place between Q4 2023 and Q1 2024. Xos Energy Solutions will also support charging infrastructure for UniFirst's Ontario, CA location.
August 01, 2023 | 2:31 pm
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Xos, Inc. has secured a significant purchase order from UniFirst Corporation, which could positively impact its revenues and stock price.
The purchase order from UniFirst Corporation is a significant business win for Xos, Inc. This could lead to increased revenues for the company, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100