Xylo Technologies' Charging Robotics Lands Commercial Order For EV Wireless Charging Systems In Automatic Car Parks From Parking Design Ltd.
Portfolio Pulse from Benzinga Newsdesk
Xylo Technologies Ltd. (NASDAQ:XYLO) announced that its subsidiary, Charging Robotics, Inc. (OTC:CHEV), received its first commercial order for wireless EV charging systems from Parking Design Ltd. This order marks significant progress in automated parking and EV charging technologies.
July 23, 2024 | 12:25 pm
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Charging Robotics, a subsidiary of Xylo Technologies, received its first commercial order for wireless EV charging systems, marking a significant milestone in its business development and market penetration.
The first commercial order for Charging Robotics' wireless EV charging systems indicates a significant milestone in its business development, likely leading to increased investor confidence and a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Xylo Technologies' subsidiary, Charging Robotics, received its first commercial order for wireless EV charging systems, indicating a positive development in their product adoption and potential revenue growth.
The commercial order for Charging Robotics' wireless EV charging systems suggests increased market acceptance and potential revenue growth for Xylo Technologies, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80