November 29, 2022

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Pioneer Energy Awarded New Assistance Settlement with Significant Dwelling Advancement Retailer

FORT LEE, N.J.–(Business enterprise WIRE)–Pioneer Electricity Alternatives, Inc. (Nasdaq: PPSI) (“Pioneer Energy” or the “Company”), a business engaged in the manufacture, sale and service of electrical transmission, distribution and on-site electrical power era devices, nowadays declared that it has been awarded an initial service deal for preventative upkeep and repairs by a single of the premier residence enhancement shops in the U.S.

The Organization will give scheduled generator preventative servicing and emergency maintenance solutions for the retailer’s motor generator devices assets at 24 of its much more than 300 store destinations beginning January 1, 2021.

Nathan Mazurek, Pioneer’s Chairman and Chief Govt Officer, mentioned, “Our standing for high-quality assistance perform and responsiveness to our customers’ requirements were being decisive components in the award of this competitively bid agreement to Pioneer. The confirmed potential of our skilled professionals to offer servicing and restore services across a broad vary of motor suppliers and models, as shown by client references, affirmed the top quality and timeliness of our do the job. Most importantly, we seem forward to proving our abilities with this new purchaser and advancing extra chances beyond this original settlement.”

About Pioneer Electric power Solutions, Inc.

Pioneer Electric power Methods, Inc. manufactures, sells and products and services a broad range of specialty electrical transmission, distribution and on-site ability technology products for apps in the utility, industrial, business and backup electric power marketplaces. The Company’s principal merchandise involve switchgear and engine-generator controls, complemented by a national field-company network to preserve and maintenance power generation assets. To understand much more about Pioneer, please check out its website at www.pioneerpowersolutions.com.

Safe and sound Harbor Assertion:

This push release contains “forward-wanting statements” in the this means of the Personal Securities Litigation Reform Act of 1995, as amended. These types of statements may be preceded by the terms “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or identical text. Forward-looking statements are not guarantees of foreseeable future overall performance, are dependent on specified assumptions and are topic to various known and not known hazards and uncertainties, a lot of of which are beyond the Company’s manage, and can not be predicted or quantified and therefore, real outcomes may perhaps vary materially from those people expressed or implied by these types of ahead-on the lookout statements. These kinds of risks and uncertainties involve, without the need of limitation, risks and uncertainties associated with (i) the Company’s capability to properly maximize its revenue and gain in the foreseeable future, (ii) common financial circumstances and their outcome on desire for electrical tools, (iii) the outcomes of fluctuations in the Company’s working success, (iv) the fact that numerous of the Company’s competitors are greater set up and have noticeably larger assets than the Enterprise, (v) the Company’s dependence on a one purchaser for a huge part of its small business, (vi) the potential loss or departure of key personnel, (vii) unanticipated increases in raw content price ranges or disruptions in supply (viii) the Company’s skill to realize profits noted in the Company’s backlog, (ix) future labor disputes, (x) changes in federal government rules, (xi) the reality that the Company’s chairman, who controls a vast majority of the Company’s voting electricity, could create interests that diverge from yours, (xii) the liquidity and trading quantity of the Company’s popular inventory and (xiii) an outbreak of illness, epidemic or pandemic, such as the world-wide coronavirus pandemic, or fear of these kinds of an function.

Far more specific information about the Organization and the danger aspects that may have an affect on the realization of forward-wanting statements is established forth in the Company’s filings with the Securities and Trade Commission, such as the Company’s Yearly and Quarterly Studies on Sort 10-K and Sort 10-Q. Investors and security holders are urged to browse these files no cost of cost on the SEC’s web internet site at www.sec.gov. The Corporation assumes no obligation to publicly update or revise its forward-looking statements as a result of new data, long term occasions or or else.