Industrial Supply Leader Adopts Best-in-Class
EV Battery System Technology & Commercial Powertrains to
Lower the Environmental Impact of its Fleet and Realize Operational
Efficiencies
GILBERT,
Ariz., Sept. 12, 2023 /PRNewswire/ -- Fastenal
Company (Nasdaq: FAST) has selected ZEVX™, a worldwide leader in
intelligent electric vehicle (EV) systems, for an operational trial
to convert pickup trucks in its fleet to EVs.
"We are committed to helping Fastenal incorporate EV technology
in its last-mile delivery fleet," said Sydney Dunn, SVP of Sales & Field Operations
at ZEVX. "We share the bold goals of lowering carbon emissions
while improving efficiencies, decreasing costs, and extending the
life of existing commercial vehicles."
ZEVX is a rapid innovator in battery electric power systems
and data intelligence for e-mobility applications. The
company has a series of premier battery electric powertrain
and power system products that quickly migrate Class 2 to 5
commercial fleet assets and auxiliary power systems to zero
carbon.
"With so many vehicles in operation around the world, we want to
be a driver of innovation and efficiency in commercial
transportation," said Kevin Larson, Fastenal's VP of
Transportation. "We're constantly looking at new solutions like the
ZEVX technology to help move the industry forward and potentially
accelerate our own carbon reduction journey."
With a proof-of-concept stage complete, today's news represents
a six-state trial utilizing the ZEVX premier battery electric
powertrain and power system products to repower up to 16 Fastenal
vehicles in 2023.
About ZEVX
ZEVX is a worldwide leader in intelligent
EV systems powering commercial Class 2 to 5 vehicles, power
takeoff, reefer refrigeration, and EV infrastructure such as
charging stations. ZEVX has a series of battery electric powertrain
and power system products that can quickly migrate commercial fleet
assets to zero carbon. ZEVX has a service mission to support
customers through a deep partner network using existing automotive
service infrastructure. This provides for rapid adoption through
our service network to install and deliver advanced data
intelligence from fleet asset customers to optimize their carbon
transition. For more information, please visit zevx.com.
About Fastenal
Fastenal provides a broad offering of
industrial supplies, including fastener, safety, and metal cutting
products, to manufacturing, construction, and state and local
government customers through more than 3,300 in-market locations
(branches and customer-specific Onsite locations) spanning 25
countries. With continual investment in tailored local inventory,
dedicated local experts, and flexible
FMI® (Fastenal Managed Inventory) and digital
solutions, Fastenal helps its business partners achieve product and
process savings across the supply chain – a "high-touch, high-tech"
approach encapsulated by its tagline, Where Industry
Meets Innovation™. Fastenal's local service
teams are supported by 16 regional distribution centers, a captive
logistics fleet, multiple teams of industry specialists and support
personnel, and robust sourcing, quality, and manufacturing
resources, enabling it to grow by getting closer to customers and
providing innovative and comprehensive solutions to customer supply
chain challenges.
Additional information regarding Fastenal is available on the
Fastenal Company website at fastenal.com.
Cautionary Note Regarding Forward-Looking
Statements
This release includes forward-looking statements,
which are subject to risks and uncertainties. The forward-looking
statements contain words such as "goal," "potential," and similar
expressions and any sustainability goals, targets, and expectations
are long-term and inspirational and by their nature, include
forward-looking statements. Actual results may differ from those
set forth in the forward-looking statements due to a variety of
factors, including those described in Fastenal's ESG Report and
filings with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made.
Fastenal undertakes no obligation to update or revise any
forward-looking statements.
The information contained on the websites referenced in this
press release or connected to such websites are not incorporated by
reference into this press release and should not be considered a
part of this press release.
Contact:
Jeff Boone
ZEVX
(480) 234-9146
marcom@zevx.com
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SOURCE ZEVX, Inc