ZOOZ to become the first Nasdaq and TASE dual-listed company to hold Bitcoin in its treasury The Board of Directors of the Company has approved the new strategy, which provides investors with exposure to Bitcoin Jordan Fried to become CEO to lead the first Israeli digital asset treasury strategy Largest offering by a Non-US Listed Company to launch a digital asset treasury strategy TEL AVIV, Israel, July 29, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ) (“ZOOZ” or the “Company”) today an ...

Core Insights - ZOOZ Power is a leading provider of flywheel-based power boosters and energy management systems aimed at enabling ultra-fast EV charging solutions [3][4] - The company will present at the 2025 Aegis Capital Corp. Virtual Conference on May 22, 2025, showcasing its latest developments [1][2] Company Overview - ZOOZ Power specializes in intelligent, flywheel-based energy-boosting solutions that facilitate the rapid deployment of ultra-fast EV charging infrastructure without requiring costly grid upgrades [3] - The company addresses the increasing consumer demand for ultra-fast charging amidst the limitations of existing electrical grids [3] Technology and Solutions - ZOOZ's proprietary flywheel technology allows Charging Point Operators (CPOs) and fleet owners to overcome local grid limitations, providing high-performance, sustainable, and cost-effective power-boosting systems [4] - The solutions offered by ZOOZ Power enhance grid efficiency and flexibility while ensuring reliable ultra-fast charging capabilities [4] Business Impact - ZOOZ Power's solutions are engineered for long-term durability and environmental sustainability, aiding customers in accelerating infrastructure rollout, optimizing utilization, and driving faster revenue and profitability growth [5]

Tel-Aviv, Israel, March 24, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems enabling ultra-fast EV charging solutions, is successfully operating its ZOOZTER™-100 kinetic power booster at a New York Power Authority (NYPA) work site in Marcy, N.Y. This, the first deployment of ZOOZ Power’s technology in a power utility in the United States is a significant step toward accelerating the adoption of ultra-fast EV charg ...

Core Viewpoint - ZOOZ Power has successfully deployed its ZOOZTER™-100 kinetic power booster at a New York Power Authority work site, marking its first technology implementation in a U.S. power utility, which is a significant advancement for ultra-fast EV charging solutions in grid-constrained areas [1][3]. Group 1: Technology and Implementation - The ZOOZTER™-100 system enhances grid power and efficiency at a high-power EV charging station, allowing for faster charging for NYPA's fleet and other electric vehicles while intelligently managing energy distribution [2][4]. - The flywheel technology utilized by ZOOZ Power provides high-power bursts to chargers without overloading the local grid, presenting a sustainable and cost-effective solution for expanding charging infrastructure [2][6]. Group 2: Strategic Importance - The deployment at NYPA is a critical step in ZOOZ Power's expansion into the North American market and aligns with its mission to deliver high-power, sustainable EV charging solutions globally [3][4]. - ZOOZ Power and NYPA are actively monitoring the performance of the ZOOZTER™-100 to optimize operations and explore potential broader implementations at additional locations [3][4]. Group 3: Company Overview - ZOOZ Power specializes in flywheel-based power boosting and energy management solutions, facilitating the widespread deployment of ultra-fast charging infrastructure for electric vehicles while addressing existing grid limitations [5][6]. - The company's technology is designed to improve utilization rates, efficiency, flexibility, and accelerate revenue and profitability growth for its customers and partners [7].

Tel-Aviv, Israel, March 18, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems for enabling ultra-fast EV charging solutions, announced today the enhancement of its strategic focus with the introduction of Energy Storage Systems (ESS) and an enhanced Energy Management System (EMS) designed to lead to maximizing EV charging performance and cost efficiency, along with the expansion of its sales team. The newly introduc ...

Revenue and Financial Performance - Revenue for the year ended December 31, 2024, was $1,041 thousand, an increase from $764 thousand in 2023[565] - Gross loss for 2024 was $486 thousand, improved from a gross loss of $1,105 thousand in 2023[565] - Net loss for the year ended December 31, 2024, was $10,990 thousand, compared to a net loss of $11,755 thousand in 2023[565] - ZOOZ incurred operating losses of approximately $10.9 million during the year ended December 31, 2024, with an accumulated deficit of $58.2 million[601] Expenses - Cost of revenue for 2024 was $1,527 thousand, down from $1,869 thousand in 2023[567] - Total operating expenses decreased to $10,050 thousand in 2024 from $11,106 thousand in 2023[569] - Research and development expenses for 2024 were $5,062 thousand, a slight decrease from $5,215 thousand in 2023[571] - Sales and marketing expenses significantly decreased to $1,324 thousand in 2024 from $3,041 thousand in 2023[579] - General and administrative expenses increased to $3,664 thousand in 2024 from $2,850 thousand in 2023[585] Cash Flow and Funding - As of December 31, 2024, ZOOZ had cash and cash equivalents of approximately $7,532 thousand, an increase from $6,672 thousand as of December 31, 2023[594] - The net cash used in operating activities decreased by approximately $2,304 thousand from $12,232 thousand in 2023 to $9,928 thousand in 2024[607] - ZOOZ's cash flows provided by financing activities increased by approximately $10,727 thousand for the year ended December 31, 2024, attributed to proceeds from a Business Combination[610] - ZOOZ received a total of approximately $2.2 million in grants until December 31, 2024, from various governmental institutions[595] Future Outlook and Concerns - The company expects its losses and cash flow used in operations to be higher in future periods due to increased sales and marketing activities[603] - ZOOZ has substantial doubt about its ability to continue as a going concern without obtaining additional funding[602] Corporate Structure and Governance - ZOOZ is classified as an "emerging growth company," allowing it to take advantage of certain exemptions from reporting requirements[639] - ZOOZ will remain an emerging growth company until its total annual gross revenue exceeds $1.235 billion or it meets the SEC's definition of a large accelerated filer[642] - ZOOZ is organized under Israeli law and reports as a foreign private issuer, exempt from certain provisions of the Exchange Act applicable to U.S. domestic public companies[643] - ZOOZ follows Israeli corporate governance practices instead of Nasdaq corporate governance rules, which may differ significantly[645] Shareholder and Equity Information - ZOOZ's Recapitalization involved a reverse share split with a conversion ratio of 11.43720665, effective March 25, 2024[627] - All ZOOZ ordinary shares, options, and warrants have been retroactively adjusted in the financial statements to reflect the Recapitalization[628] - ZOOZ's share-based compensation is accounted for under ASC 718, with expenses recognized over the requisite service period using an accelerated method[629] - As of April 4, 2024, certain share-based awards were classified as equity, reflecting changes in fair value recognized through compensation expense[632] Lease and Asset Management - ZOOZ's operating leases are classified as operating leases, with right-of-use assets and liabilities recognized based on the present value of lease payments[634] Reporting and Disclosure - The company intends to publish its results quarterly through press releases and file an annual report on Form 20-F within four months of the fiscal year-end[643]

Core Insights - ZOOZ Power reported a significant increase in revenue for 2024, with a 36% rise from $0.76 million in 2023 to $1.04 million in 2024, and doubled the number of systems sold compared to the previous year [2][9] - The company is focusing on global expansion, particularly in key markets such as Germany and France, to enhance the efficiency of ultra-fast EV charging infrastructure [3][4] Financial Highlights - For the six months ended December 31, 2024, ZOOZ Power generated approximately $498 thousand in revenue, compared to no revenue for the same period in 2023 [7][11] - The full year revenue for 2024 was approximately $1,041 thousand, up from $764 thousand in 2023 [9][11] - The net loss for the six months ended December 31, 2024, was approximately $5,753 thousand, or $0.50 per diluted share, an improvement from a net loss of $6,353 thousand, or $1.07 per diluted share, in the same period of 2023 [11][9] - For the full year 2024, the net loss was approximately $10,990 thousand, or $1.09 per diluted share, compared to a net loss of $11,755 thousand, or $1.99 per diluted share, in 2023 [11][21] Operational Highlights - ZOOZ Power expanded its operations in Germany, with power boosters now operational at four sites, and a fifth deployment underway [7] - The company appointed Erez Zimerman as CEO in August 2024, who has a strong background in hardware and software, aiming to drive global sales [7][11] - ZOOZ Power's ZOOZTER-100 system was successfully piloted at a gas station in Israel, leading to increased charging sessions and a quick return on investment [7] - The company entered into a Standby Equity Purchase Agreement (SEPA) in November 2024, securing access to up to $12 million in financing over two years [7] Research and Development - Research and development expenses for the six months ended December 31, 2024, were approximately $2,633 thousand, slightly up from $2,563 thousand in the same period of 2023 [11] - For the full year 2024, R&D expenses were approximately $5,062 thousand, compared to $5,215 thousand in 2023 [11] Market Position - ZOOZ Power is positioned as a leading provider of flywheel-based power boosting and energy management solutions, facilitating the deployment of ultra-fast charging infrastructure for electric vehicles [12][13] - The company's technology is designed to enhance the efficiency and reliability of EV charging, addressing existing grid limitations [12][13]

Company Overview - ZOOZ Power Ltd. is a leading provider of flywheel-based power boosters and energy management systems, focusing on ultra-fast EV charging solutions [1][4] - The company has recently shipped its first power-boosting system, the ZOOZTER™-100, to China, marking a significant step in its market penetration [1][3] Market Context - China's electric vehicle (EV) market is experiencing rapid growth, with EVs accounting for nearly 50% of total car sales in 2024, indicating a strong demand for efficient charging solutions [2][9] - The Shanghai pilot installation of ZOOZ Power's technology aims to enhance Yixiaoju's charging station capabilities and facilitate market penetration of ZOOZ's flywheel-based technology in China [2] Strategic Partnerships - The ZOOZTER™-100 will be installed at a site developed by Yixiaoju Technology Co., Ltd, which operates within the Orange Charging network, the largest charging network in China with over 115,000 fast chargers [1][2] - ZOOZ Power's collaboration with DiDi's energy sector, which has a market cap of $24.3 billion, presents significant opportunities for the company to expand its presence in the Chinese market [1][3] Technology and Innovation - ZOOZ Power's flywheel-based technology allows for ultra-fast charging even in areas with limited grid capacity, thus avoiding costly grid upgrades and maximizing charging station effectiveness [3][5] - The company's solutions are designed to improve utilization rates, efficiency, flexibility, and accelerate revenue and profitability growth for its customers and partners [6]

Company Overview - ZOOZ Power Ltd. is a leading provider of flywheel-based power boosters and energy management systems aimed at enabling ultra-fast EV charging solutions [1][4] - The company has recently shipped its first power-boosting system, the ZOOZTER™-100, to China, marking a significant step in its market penetration [1][3] Market Context - China's electric vehicle (EV) market is experiencing rapid growth, with EVs accounting for nearly 50% of total car sales in 2024, indicating a strong demand for efficient charging solutions [2][9] - The Shanghai pilot installation of ZOOZ Power's technology will enhance the capabilities of Yixiaoju's charging station and facilitate market penetration of ZOOZ's flywheel-based technology in China [2] Strategic Importance - The collaboration with Yixiaoju Technology Co., Ltd., which operates within the Orange Charging network, provides ZOOZ Power access to China's largest charging network, which has over 115,000 fast chargers [1][2] - ZOOZ Power's technology is designed to support the expansion of ultra-fast charging networks while alleviating pressure on local electricity grids, thus addressing a critical need in the growing EV market [2][3] Technology and Innovation - ZOOZ Power's flywheel-based technology allows for ultra-fast charging even in areas with limited grid capacity, eliminating the need for costly grid upgrades [3][5] - The company's solutions are built with sustainability in mind, aiming to improve utilization rates, efficiency, flexibility, and profitability for its customers and partners [6]

Company Overview - ZOOZ Power Ltd. is a leading provider of Flywheel-based power boosting and power management solutions for ultra-fast multi-port Electric Vehicle (EV) charging [4] - The company aims to overcome existing grid limitations and enable widespread deployment of ultra-fast charging infrastructure [4] Industry Context - The rapid acceleration of the EV revolution is outpacing current grid infrastructure, creating a gap that necessitates innovative solutions [5] - The 5th European EV Charging Infrastructure 2025 Conference will focus on advancing EV infrastructure and modernizing electrical grids in Europe, addressing challenges like grid stability and energy distribution [3] Technology and Solutions - ZOOZ Power's kinetic power boosters utilize smart energy management to enable ultra-fast EV charging without costly grid upgrades [2] - The technology improves energy distribution through adaptive charging, peak shaving, and efficient power allocation, potentially reducing demand charges [2] Market Opportunities - The company's solutions are designed to assist customers in accelerating the deployment of fast-charging infrastructure, leading to improved utilization rates and faster revenue growth [5] - The emphasis on sustainability and environmental considerations in ZOOZ Power's technology aligns with the growing demand for greener energy solutions [2][5]