Expion360 Expands OEM Relationships and Distribution Network
Expion360 (Nasdaq: XPON) announced significant expansion of its OEM and distribution network, projecting $5.0 million in incremental revenue for fiscal year 2025 and increased sales for Q4 2024. Following the Elkhart RV Dealer Open House and ongoing sales efforts, the company secured several new OEM customers, including Scout Campers, Alaskan Campers, and K-Z Recreational Vehicles, plus one new distributor. The anticipated revenue growth is expected to increase gross profits by $1.4 million for fiscal year 2025. The expansion strengthens Expion360's presence in RV, off-grid, and surveillance industries.
Expion360 (Nasdaq: XPON) ha annunciato una significativa espansione della sua rete di OEM e distribuzione, prevedendo 5,0 milioni di dollari di ricavi incrementali per l'anno fiscale 2025 e un aumento delle vendite per il quarto trimestre del 2024. Dopo l'Open House dei concessionari di RV di Elkhart e i continui sforzi di vendita, l'azienda ha acquisito diversi nuovi clienti OEM, tra cui Scout Campers, Alaskan Campers e K-Z Recreational Vehicles, oltre a un nuovo distributore. Si prevede che la crescita dei ricavi aumenter脿 i profitti lordi di 1,4 milioni di dollari per l'anno fiscale 2025. L'espansione rafforza la presenza di Expion360 nei settori degli RV, dell'energia autonoma e della sorveglianza.
Expion360 (Nasdaq: XPON) anunci贸 una expansi贸n significativa de su red de OEM y distribuci贸n, proyectando 5.0 millones de d贸lares en ingresos incrementales para el a帽o fiscal 2025 y un aumento en las ventas para el cuarto trimestre de 2024. Tras la jornada de puertas abiertas de los concesionarios de RV en Elkhart y los continuos esfuerzos de venta, la empresa asegur贸 varios nuevos clientes OEM, incluidos Scout Campers, Alaskan Campers y K-Z Recreational Vehicles, adem谩s de un nuevo distribuidor. Se espera que el crecimiento de los ingresos aumente las ganancias brutas en 1.4 millones de d贸lares para el a帽o fiscal 2025. La expansi贸n refuerza la presencia de Expion360 en las industrias de RV, energ铆a fuera de la red y vigilancia.
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Expion360 (Nasdaq: XPON) a annonc茅 une expansion significative de son r茅seau OEM et de distribution, pr茅voyant 5,0 millions de dollars de revenus suppl茅mentaires pour l'exercice fiscal 2025 et une augmentation des ventes pour le quatri猫me trimestre 2024. Suite 脿 la journ茅e portes ouvertes des concessionnaires RV 脿 Elkhart et aux efforts de vente en cours, l'entreprise a s茅curis茅 plusieurs nouveaux clients OEM, y compris Scout Campers, Alaskan Campers et K-Z Recreational Vehicles, ainsi qu'un nouveau distributeur. La croissance des revenus pr茅vue devrait accro卯tre les b茅n茅fices bruts de 1,4 million de dollars pour l'exercice fiscal 2025. Cette expansion renforce la pr茅sence d'Expion360 dans les industries des RV, hors r茅seau et de surveillance.
Expion360 (Nasdaq: XPON) gab eine erhebliche Erweiterung seines OEM- und Vertriebsnetzwerks bekannt und prognostiziert 5,0 Millionen Dollar an zus盲tzlichen Einnahmen f眉r das Gesch盲ftsjahr 2025 sowie einen Anstieg der Verkaufszahlen f眉r das 4. Quartal 2024. Nach dem Elkhart RV Dealer Open House und den laufenden Verkaufsaktivit盲ten hat das Unternehmen mehrere neue OEM-Kunden gewonnen, darunter Scout Campers, Alaskan Campers und K-Z Recreational Vehicles sowie einen neuen Distributor. Das erwartete Umsatzwachstum d眉rfte die Bruttogewinne um 1,4 Millionen Dollar f眉r das Gesch盲ftsjahr 2025 erh枚hen. Die Erweiterung st盲rkt die Pr盲senz von Expion360 in den Branchen RV, Off-Grid und 脺berwachung.
- Projected $5.0 million incremental revenue for FY2025
- Expected $1.4 million increase in gross profits for FY2025
- Secured multiple new OEM partnerships and one distributor
- Increased sales expected for Q4 2024
- None.
Insights
This expansion of OEM relationships represents a significant growth catalyst for Expion360. The projected
The company's strategic focus on RV manufacturers and distributors shows promising market penetration, particularly following the Elkhart RV Dealer Open House. The addition of multiple OEMs (Scout Campers, Alaskan Campers, K-Z Recreational Vehicles) and a new distributor diversifies their revenue streams and reduces customer concentration risk. The immediate impact on Q4 2024 revenue suggests effective execution in converting business development efforts into sales.
New Relationships Projected to Add Significant Incremental Revenue for Q4 2024 and an Estimated
REDMOND, Ore., Nov. 19, 2024 (GLOBE NEWSWIRE) -- 聽(Nasdaq: XPON) (鈥淓xpion360鈥� or the 鈥淐ompany鈥�), an industry leader in lithium-ion battery power storage solutions, today announced significant growth within its OEM and distribution network. In addition to strengthening our relationships with existing OEM partners, we have recently added several new OEMs and one new distributor, following our team鈥檚 attendance at the Elkhart RV Dealer Open House in September and resulting from our ongoing sales efforts to expand our customer base across the United States. The Elkhart event showcased our batteries installed in demonstration vehicles, highlighting their performance and versatility, which resonated strongly with attendees. This momentum, combined with our strategic outreach efforts nationwide, has significantly bolstered our footprint in the RV markets.
In addition to the three recently announced new OEM customers, Scout Campers, Alaskan Campers, LLC d/b/a Alaskan Campers, and K-Z Recreational Vehicles, we have secured several new OEM customers and one new distributor. We expect these new relationships to generate incremental revenue of approximately
鈥淲e are very pleased to see such strong momentum with our new customers who have expressed interest across our product line, including our next generation GC2, Group 27, and new Edge batteries,鈥� said Brian Schaffner, Chief Executive Officer of Expion360. 鈥淭hese new relationships expand our customer base as our recently introduced batteries and enhanced features continue to gain traction in the marketplace. We believe this growth is a testament to the quality of our products and features and the trust our customers place in us. We look forward to supporting these new relationships and continuing to advance our shared vision of advanced, reliable power solutions, while seeking to drive meaningful incremental revenue for our business.
鈥淭hese new customers reflect our dedication to advancing energy solutions and meeting the increasing demand for high-quality lithium battery technology. This expanded OEM network strengthens our presence in the recreational vehicle (RV), off-grid, and surveillance industries, showcasing our versatility in providing reliable energy solutions tailored to diverse applications. Through the addition of a new distributor, we are aiming to broaden access to our dependable and innovative power solutions. With these developments, we believe we are well-positioned to further enhance our market presence and continue delivering advanced energy solutions that meet the unique needs of customers,鈥� Mr. Schaffner concluded.
About Expion360
Expion360 is an industry leader in premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles and marine applications, with residential and industrial applications under development. On December 19, 2023, the Company announced its entrance into the home energy storage market with the introduction of two premium LiFePO4 battery storage systems that enable residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages.
The Company鈥檚 lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other lithium-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer.
The Company is headquartered in Redmond, Oregon. Expion360 lithium-ion batteries are available today through more than 300 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the Company, visit .
Forward-Looking Statements and Safe Harbor Notice
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including statements about our beliefs and expectations, are "forward-looking statements" and should be evaluated as such. Examples of such forward-looking statements include statements that use forward-looking words such as "projected," "expect," "possibility,鈥� 鈥渂elieve,鈥� 鈥渁im,鈥� 鈥済oal,鈥� 鈥減lan,鈥� and "anticipate," or similar expressions. Forward-looking statements included in this press release include, but are not limited to, statements relating to the Company鈥檚 future development plans, growth prospects, and market opportunity, including customer base and market conditions, as well as the impact of the Company鈥檚 relationship with customers and distributors on its financial performance and results of operations, including the anticipated revenue growth and increase in gross profits. Forward-looking statements are subject to and involve risks, uncertainties, and assumptions that may cause the Company鈥檚 actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by such forward-looking statements.
Company Contact:
Brian Schaffner, CEO
541-797-6714
External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
FAQ
What is Expion360's (XPON) projected revenue increase for fiscal year 2025?
Which new OEM customers did Expion360 (XPON) secure in 2024?
How much additional gross profit does Expion360 (XPON) expect from new partnerships in 2025?
