The following is a summary of the ADS-TEC Energy PLC (ADSE) Q4 2023 Earnings Call Transcript:

Financial Performance:

• ADS-TEC Energy exceeded its target with over €100 million in revenue for 2023 with positive adjusted EBITDA seen in Q4 2023.

• The company projects to double its revenue in 2024, aiming to surpass the €200 million mark.

• The company's financial success has been underpinned by its expanding product range. More than 1500 charging points have been installed, and over 2500 charging points have been produced.

Business Progress:

• Growing demand from a diversity of customers, including blue-chip partners, is fuelling ADS-TEC's growth.

• The company plans an expansion into the North American market, establishing a site in Auburn, the U.S., and engaging key personnel for operations.

• Partnerships in the U.S have begun, and efforts are underway to disseminate into decentralized regions.

• ADS-TEC Energy's business relationship with Porsche continues to consolidate with added services for dealers.

• With an increase in customer base and potential future demand in the EV sector, ADS-TEC is planning to introduce its significant selling products, ChargeBox and ChargePost, in the U.S in Q1 2025.

• Future growth is also expected as ADS-TEC continues to develop in-house software and features for its products and enhances services to optimize the Total Cost of Ownership for its customers.

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