Business
Pioneer Power Secures $6 Million PRYMUS Award from Major National Logistics Customer
FORT LEE, N.J., May 18, 2026--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" or the "Company"), a leader in the design, manufacture, service and integration of distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging solutions, today announced a $6.0 million award for two of its PRYMUS® distributed generation systems. The planned deployment is expected to provide prime power to two different transit hubs of one of the nation’s largest package
About this update from Pioneer Power Solutions, Inc.
[{"type":"text","content":"Award from One of the Nation’s Largest Package Delivery Companies Reflects Early PRYMUS Adoption Just Months After Launch","length":121,"tagName":"p","attribs":{}},{"type":"text","content":"Highlights Accelerating Demand for Scalable, Rapidly Deployable Distributed Power Solutions","length":91,"tagName":"p","attribs":{}},{"type":"text","content":"FORT LEE, N.J., May 18, 2026--(BUSINESS WIRE)--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" or the "Company"), a leader in the design, manufacture, service and integration of distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging solutions, today announced a $6.0 million award for two of its PRYMUS® distributed generation systems. The planned deployment is expected to provide prime power to two different transit hubs of one of the nation’s largest package delivery businesses. Delivery is expected in the second half of 2026.","length":616,"tagName":"p"},{"type":"text","content":""This $6.0 million PRYMUS award is an important milestone for our Energy-at-the-Edge platform and reflects early commercial traction," said Nathan J. Mazurek, Chairman and CEO of Pioneer. "We only officially introduced PRYMUS five months ago, so receiving this award from a premier national customer represents to us validation of both the market opportunity and the strength of our solution. From what we are seeing in the market, as AI-driven compute demand accelerates and utility interconnection timelines continue to extend, customers increasingly need scalable power solutions they can deploy quickly. That is what PRYMUS was designed to deliver. Just as importantly, the level of inbound interest, pipeline activity and quoting we are now seeing has exceeded our expectations, supporting our prospects for 2027 and 2028."","length":848,"tagName":"p"},{"type":"text","content":"The aforementioned deployments are expected to consist of eight (8) paralleled 400 kW natural gas engine sets, two (2) 480 kW battery energy storage systems and related switchgear, electrical controls and remote monitoring systems. Pioneer intends to deliver the entire system on trailers providing the user with rapid energization and ultimate mobility should the user choose to move the units to other sites in the future.","length":424,"tagNa...