Xylo Technologies Ltd. (NASDAQ:XYLO) ("Xylo", and the "Company"), a technology-based company engaged in advanced innovative technologies, announced today that Charging Robotics, Inc. (OTC:CHEV) ("Charging Robotics"), an innovator of wireless charging solutions held 67% by Xylo, received its first commercial order for the deployment of its wireless charging system designed for automatic parking facilities. This order comes from Parking Design Ltd. ("Parking Design"), a leading innovator in developing and designing parking solutions. This collaboration, announced on June 27, 2024, marks important progress in the evolution of automated parking and electric vehicle (EV) charging technologies.
The purchase order is for an initial batch of 12 systems, capable of wireless charging. The system enables several EVs to be charged at the same time, significantly improving the efficiency and convenience of automatic parking facilities.