ADS-TEC Energy and Porsche sign worldwide service agreement

Issuer: ADS-TEC Energy GmbH / Key word(s): Contract/Alliance
ADS-TEC Energy and Porsche sign worldwide service agreement

23.05.2024 / 14:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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ADS-TEC Energy and Porsche sign worldwide service agreement

  * ADS-TEC Energy, manufacturer of ultra-fast charging systems, is now the
    recommended and preferred service partner for all Porsche centers in
    Europe and North America.

  * The agreement includes remote services, diagnostics, and on-site
    support.

  * Usage data from ADS-TEC Energy's ultra-fast charging station ChargeBox
    continually improves the charging experience for customers to enable
    optimal usability and the highest performance over time.

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Nürtingen, Germany, 23 May 2024 - ADS-TEC Energy (NASDAQ: ADSE) has entered
into a service partnership with Dr. Ing. h.c. F. Porsche AG. With the
signing of the agreement, ADS-TEC Energy, the developer and manufacturer of
ultra-fast charging systems, becomes the recommended service provider for
the charging platforms.

ADS-TEC Energy will provide services using its infrastructure and personnel
on-site in Europe and North America. Approximately 500 Porsche centers in
Europe, the USA and Canada are already charging their portfolio of EVs using
ADS-TEC Energy's ChargeBox. Increasingly, Porsche dealerships are also
offering their customers the convenience of fast charging using ChargeBox.

"The strengthening and deepening of our cooperation with Porsche, through
this comprehensive international service partnership in Europe and North
America, is a valuable vote of confidence in us," says Thomas Speidel, CEO
of ADS-TEC Energy. "This long-term cooperation offers significant advantages
to both sides, taking advantage of the reliable, high-performance of our
fast-charging systems. High charging power and availability are important
for EV drivers as we advance the transition to electric mobility."

About ADS-TEC Energy

ADS-TEC Energy plc, a public limited company incorporated in Ireland and
publicly listed on NASDAQ ("ADS-TEC Energy"), serves as a holding company
for ads-tec Energy GmbH, our operating company incorporated in Germany
("ADSE GM") and ads-tec Energy Inc., a US subsidiary of ads-tec Energy GmbH
("ADSE US" and together with ADS-TEC Energy and ADSE GM, "ADSE"). Based on
more than ten years of experience with lithium-ion technologies, ADS-TEC
Energy develops and manufactures battery storage solutions and fast charging
systems including their energy management systems. Its battery-based, fast
charging technology enables electric vehicles to ultrafast charge even on
low powered grids and features a very compact design. It was most recently
nominated by the President of the Federal Republic of Germany for the German
Future Prize and elevated to the "Circle of Excellence" in 2022. The high
quality and functionality of the battery systems are due to a particularly
high depth of development and in-house production. With its advanced system
platforms, ADS-TEC Energy is a valuable partner for automotive, OEMs,
utility companies and charge-operators.

More information: www.ads-tec-energy.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Words such as "expect," "estimate," "project," "budget,"
"forecast," "anticipate," "intend," "plan," "may," "will," "could,"
"should," "believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking statements. These
forward-looking statements include statements regarding our financial
outlook for 2024, our expectations with respect to future performance and
the anticipated timing of certain commercial activities. There are a
significant number of factors that could cause actual results to differ
materially from the statements made in this press release, including: the
geopolitical events including the Russian invasion of Ukraine; macroeconomic
trends including changes in inflation or interest rates, or other events
beyond our control on the overall economy; our business and those of our
customers and suppliers, including due to supply chain disruptions and
expense increases; our limited operating history as a public company; our
dependence on widespread acceptance and adoption of EVs and increased
installation of charging stations; our current dependence on sales to a
limited number of customers for most of our revenues; overall demand for EV
charging and the potential for reduced demand for EVs if governmental
rebates, tax credits and other financial incentives are reduced, modified or
eliminated or governmental mandates to increase the use of EVs or decrease
the use of vehicles powered by fossil fuels, either directly or indirectly
through mandated limits on carbon emissions, are reduced, modified or
eliminated; supply chain interruptions and expense increases; unexpected
delays in new product introductions; our ability to expand our operations
and market share in Europe and the U.S.; the effects of competition; changes
to battery energy storage standards; and the risk that our technology could
have undetected defects or errors. Additional risks and uncertainties that
could affect our financial results are included under "Item 3. Key
Information - 3.D. Risk Factors" in our annual report on Form 20-F filed
with the Securities and Exchange Commission (the "SEC") on April 30, 2024,
which is available on our website at https://www.ads-tec-energy.com and on
the SEC's website at www.sec.gov. Additional information will also be set
forth in other filings that we make with the SEC from time to time. All
forward-looking statements in this press release are based on information
available to us as of the date hereof, and we do not assume any obligation
to update the forward-looking statements provided to reflect events that
occur or circumstances that exist after the date on which they were made,
except as required by applicable law.

Media Contact:

For ADS-TEC Energy -International

Juliane Kunz

Senior Press Officer

press@ads-tec-energy.com

For ADS-TEC Energy - US

Stephannie Depa

Breakaway Communications

+1 530-864-0136

sdepa@breakawaycom.com


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   Language:       English
   Company:        ADS-TEC Energy GmbH
                   Heinrich-Hertz-Str. 1
                   72622 Nürtingen
                   Germany
   Internet:       www.ads-tec.de
   EQS News ID:    1909883

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