ADS-TEC Energy Appoints Automotive and Mobility Expert, Alwin Epple as
Newest Board Member

EQS-Media / 29.04.2024 / 09:30 CET/CEST

NÜRTINGEN, Germany - April 29, 2024 - ADS-TEC Energy plc ("ADS-TEC Energy",
"Company", "we", "our" or "us") (NASDAQ: ADSE), a global leader in
battery-buffered, ultra-fast charging technology, is pleased to announce the
appointment of Alwin Epple to its Board of Directors. With an illustrious
career in the automotive industry spanning over three decades, Mr. Epple
brings a wealth of experience and expertise to the company's leadership
team.
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Mr. Epple has held prominent positions at Daimler AG and Mercedes Benz Group
for the past 20 years. Most recently, he served as Chief Audit Executive at
Mercedes-Benz Group. Prior to this, he served as the Head of Project
Management for Daimler AG in Stuttgart, where he spearheaded the
restructuring of passenger car sales in 18 countries. Mr. Epple's extensive
international experience also includes terms as President and CEO of
Mercedes-Benz Italia, Executive Board Member of Daimler Financial Services
AG, and Managing Director of Mercedes-Benz Financial Services UK LTD.

"We are delighted to welcome Alwin Epple to our Board of Directors. Mr.
Epple's career trajectory showcases his ability to navigate complex
international markets and deliver tangible results across diverse sectors
within the automotive industry", states Prof. Dr. Kurt Lauk, Chairman of
ADS-TEC Energy's Board of Directors. "His appointment to the board of
ADS-TEC Energy underscores the company's commitment to driving innovation
and sustainable growth in today's dynamic business landscape."

Mr. Epple has served as Chairman of the Advisory Board for AMANN & Söhne
GmbH & Co. KG, a worldwide operating manufacturer of industrial sewing
threads and embroidery yarns, and as a member of the Board of Management of
Hanns A. Pielenz-Stiftung, a non-profit foundation, since 2016.

Mr. Epple holds an economics degree from Eberhard-Karls University Tubingen
and has completed executive management training programs at both The Wharton
School of the University of Pennsylvania and Harvard University in
Cambridge.

"To join the board of ADS-TEC Energy PLC is an honor and very exciting,"
said Alwin Epple. "The opportunity to contribute to the transformation of
automotive mobility through ultrafast charging and battery storage solutions
is motivating."

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 May 11, 2023,
which is available on our website at
https://www.ads-tec-energy.com/en/company/invest 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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Issuer: ADS-TEC Energy GmbH
Key word(s): Enterprise

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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:    1889857

End of News EQS Media
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