ADS-TEC Energy Reports Strong Financial Results for 2023

ADS-TEC Energy, a global leader in battery-buffered, ultra-fast charging technology, reported preliminary unaudited financial results for the fourth quarter and full-year 2023. The company experienced strong financial growth and profitability, driven by an easing of supply chain issues and robust growth from both new and existing blue-chip customers. ADS-TEC Energy plans to continue growing its blue-chip customer base in Europe and the U.S. for FY 2024, reiterating its revenue and positive EBITDA guidance.