Kempower has confirmed a new order for FOR:EV in Scotland, UK

Kempower has confirmed a new order to deliver EV fast-charging systems to FOR:EV, a charge point operator based in Scotland, UK. The delivery of the fast-charging systems for electric passenger cars will take place in 2022 and in the first quarter of the year 2023. The value of the order is over EUR 2.5 million. The EV charging systems will be deployed mainly in Scotland in 2023.

Kempower has previously in 2022 received smaller orders from FOR:EV, and after the new order, the total value of orders from FOR:EV in 2022 is over EUR 4 million. FOR:EV is an electric vehicle charging network owner and operator delivering a reliable and robust charging infrastructure in Scotland.

Kempower, media relations:

Paula Savonen, Director, Communications, Kempower

paula.savonen@kempower.com

Tel. +358 29 0021900

Kempower, investor relations:

Jukka Kainulainen, CFO, Kempower

jukka.kainulainen@kempower.com

Tel. +358 29 0021900

Certified Adviser

Aktia Alexander Corporate Finance Oy

Tel. +358 50 520 4098

About Kempower:

Kempower designs and manufactures DC fast charging solutions for electric vehicles and machines. We’re a team of electric vehicle enthusiasts with a deep understanding of the charging market and a hands-on mentality. Our product development and production are rooted in Finland, with a majority of our materials and components sourced locally. We focus on all areas of transportation, from personal cars and commercial vehicles to mining equipment, boats and motorsports. With Kemppi Group’s 70 years’ experience in perfecting DC power supplies, we set the bar high in engineering and user-experience design. Kempower is listed in the Nasdaq First North Growth Market Finland.  www.kempower.com