Pioneer Power Announces Financial Results for Second Quarter 2026 and Provides a Business Update

About this update from Pioneer Power Solutions, Inc.

FORT LEE, N.J., August 17, 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 provided a business update and announced financial results for the second quarter ended June 30, 2026. "Our PRYMUS on-site power system, introduced in December 2025, continues to gain traction as customers look for reliable, scalable power that can be deployed in months rather than years," said Nathan Mazurek, CEO of Pioneer. "PRYMUS is designed to meet that demand, combining mobile prime power generation, battery energy storage and advanced controls in pre-engineered, modular blocks that can scale from 1 MW to 10 MW and be deployed where power is needed, when it is needed. The early response to the platform has been strong, highlighted by the up to $6 million award we announced in May from one of the nation's largest package delivery companies for two PRYMUS systems to provide prime power at separate transit hubs. "Although the initial systems are not expected to be delivered until the second half of 2026, this customer has indicated an interest in potentially ordering additional PRYMUS systems for delivery in the first half of 2027. At the same time, our pipeline continues to build, with active PRYMUS quotes totaling approximately $200 million in aggregate with roughly 80% related to data center projects. The level of engaged interest we are experiencing only months after launching PRYMUS is an indication of the platform's strong potential and market reception. We fully expect to receive additional, significant PRYMUS orders in the second half of 2026. "We believe what we are experiencing with PRYMUS reflects a broader shift taking place in the power market. Demand for power is growing exponentially, driven in large part by the expansion of data centers and other energy-intensive infrastructure, while the traditional grid faces increasing constraints on capacity and the speed of bringing new power online. Customers are increasingly looking for reliable power solutions that can be deployed where and when they are needed, and we believe that plays directly to the strengths of distributed generation and to our capabilities. "Concurrently, our e-Boost mobi...

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