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Kempower is partnering with TSG to deliver EV fast charging solutions to Europe and Africa

▪ Kempower and TSG have signed a non-exclusive partnership agreement to deliver EV fast charging solutions to Europe and Africa.

▪ Together the two companies will deliver charging infrastructure and services to 32 countries in the region.

▪ The partnership aims to help customers across Europe reduce transportation emissions and accelerate the global e-mobility transition.

Rapid EV charging technology provider Kempower has signed a distribution and services framework agreement with sustainable mobility technical solutions supplier TSG. The two companies will work together to deliver fast charging solutions to 32 countries across Europe and Africa.

While most countries across the region have committed to reducing greenhouse gas emissions, the transportation industry remains an important CO2 emissions’ generator. By together reinforcing electric vehicle charging infrastructures, Kempower and TSG are enabling the energy transition for mobility and the deployment of the European Fit for 55 plan for transportation. Kempower and TSG will serve the growing demand for fast-charging EV capabilities in Europe and Africa by delivering charging systems, electrical infrastructure, and life-cycle services. The partnership will offer convenient, customized, and future-proof solutions to customers across the region.

With this partnership, TSG will be able to provide Kempower’s state-of-the-art charging solutions to its TSG customers, integrating the high quality Kempower chargers into TSG turn-key solutions across multiple countries in Europe and Africa. Kempower will as well enrich company’s charging technology towards its customers adding warranty, preventive and corrective maintenance services provided by the highly qualified TSG technicians in the highest standards of HSSE

and quality, increasing the availability and uptime of the charging stations all along their operating life.

Commenting on the partnership, Tomi Ristimäki, CEO of Kempower, said:

“We’re happy to join forces with TSG as we continue our mission to accelerate the global transition to sustainable mobility. Customers will benefit from our innovative solutions, such as our user-friendly Kempower charging systems, which offer unique features and a low total cost of ownership.”

Jean-Marc Bianchi, TSG Group Chairman and C.E.O., added:

“This partnership with Kempower will enable TSG to complete its DC and High Power Charging offer with innovative solutions offering unique and differentiated features in particular for high power fast charging hubs as well as for heavy transportation charging, while TSG’s unique European network of over 1,000 highly skilled electrical technicians will ensure the reliability of these EVSE infrastructure by providing an excellent level of maintenance.”

Jean-Marc Bianchi, TSG Group Chairman and C.E.O.

Media enquiries:

Paula Savonen, Vice President, Communications, Kempower

Tel. +358 29 0021900

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 based 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.

About TSG

TSG, the European leader in technical services for responsible mobility, is a key enabler of the energy transition for mobility: With unequaled presence in 30 countries, TSG designs, builds and maintains all types of energy distribution infrastructures for mobility: electric vehicles charging network, CNG/LNG, hydrogen and also fuel/biofuel service stations.

TSG offers a one-stop-shop (equipment sale, projects and maintenance services, digital payments and systems) for innovative energy and retail solutions. TSG serves all types of clients, in the public and private sectors from local authorities and retail to gas station networks and companies’ fleet installations.

TSG has over 5200 employees, and a revenue of 830 M€ m in 2022. TSG’s technicians are uniquely skilled, with recognized expertise in all new mobility energy solutions: electric vehicles, hydrogen, biofuels and natural gas as well as related systems and payment services. TSG is a privately-held company, owned by its management and the entrepreneurial investment firm HLD.