~ Four new OEM customers added and order
volume on track to double in 2025 ~
MARLBOROUGH, Mass., March 6,
2025 /PRNewswire/ -- ConnectM Technology Solutions,
Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth
technology company on the leading edge of the electrification
economy, today announced continued strong momentum in its EV
Solutions business, a core part of its Transportation and Logistics
segment. In the first two months of 2025, ConnectM secured over
5,500 orders for its MELI Mobility Edge product and AURAI Platform
Subscriptions from existing OEM customers, bringing its projected
2025 connected EV order volume to 50,000 vehicles.
Further strengthening its market position, the Company added
four new OEM customers since Q4 2024, expanding its reach and
impact in the EV Solutions space.
Outlook
ConnectM expects to add at least six additional OEM customers in
2025, continuing its triple digit year over year growth in the
Transportation and Logistics segment.
"Our growth trajectory continues to accelerate as we expand our
OEM partnerships and deepen our presence in the transportation
electrification sector," said Bhaskar
Panigrahi, Chairman and CEO of ConnectM. "With a projected
50,000 connected EVs in 2025 and more OEMs integrating our
technology, we are at the forefront of a rapidly expanding market.
Our ability to scale high-margin, recurring revenue streams through
software and services positions us for long-term profitability, and
we are confident in our ability to deliver sustained value for our
investors."
About ConnectM Technology Solutions, Inc.
ConnectM is a technology company focused on advancing the
electrification economy by integrating electrified energy assets
with its AI-powered technology solutions platform. The Company
provides residential and light commercial buildings and
all-electric original equipment manufacturers with a proprietary
Energy Intelligence Network platform to accelerate the transition
to all-electric heating, cooling, and transportation. Leveraging
technology, data, artificial intelligence, contemporary design, and
behavioral economics, ConnectM aims to make electrification more
user-friendly, affordable, precise, and socially impactful. As a
vertically integrated company with wholly owned service networks
and a comprehensive technology stack, ConnectM empowers customers
to reduce their reliance on fossil fuels, lower overall energy
costs, and minimize their carbon footprint.
For more information, please visit:
https://www.connectm.com/
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
and Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"). We have based these forward-looking
statements on our current expectations and projections about future
events. All statements, other than statements of present or
historical fact included in this press release, regarding our
future financial performance and our strategy, expansion plans,
future operations, future operating results, estimated revenues,
losses, projected costs, prospects, plans and objectives of
management are forward-looking statements. In some cases, you can
identify forward-looking statements by terminology such as "may,"
"should," "could," "would," "expect," "plan," "anticipate,"
"intend," "believe," "estimate," "continue," "project" or the
negative of such terms or other similar expressions. These
forward-looking statements are subject to known and unknown risks,
uncertainties and assumptions about us that may cause our actual
results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by such
forward-looking statements. Except as otherwise required by
applicable law, we disclaim any duty to update any forward-looking
statements, all of which are expressly qualified by the statements
in this section, to reflect events or circumstances after the date
of this press release. We caution you that the forward-looking
statements contained herein are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond our control. In addition, we caution you that the
forward-looking statements regarding the Company contained in this
press release are subject to the risks and uncertainties described
in the "Cautionary Note Regarding Forward-Looking Statements"
section of the Current Report on Form 8-K filed with the Securities
and Exchange Commission on July 18,
2024. Such filing identifies and addresses other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and ConnectM is under no obligation to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise.
Contact:
Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com
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SOURCE ConnectM Technology Solutions, Inc.
