TEL AVIV, Israel, July 23, 2024 (GLOBE NEWSWIRE) -- 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.

The order is scheduled to be fulfilled throughout 2025, ensuring that the systems are fully operational and integrated into Parking Design’s facilities within the year.

Charging Robotics' system leverages machine learning and artificial intelligence algorithms to efficiently manage EV charging in automatic parking facilities. This technology addresses the increasing demand for electricity by prioritizing and optimizing the charging sequence for EVs based on various parameters, such as planned departure time, vehicle type, and individual driving habits.

Charging Robotics recently installed its wireless charging system under a pilot project in an automatic parking facility in Tel Aviv, Israel.

Parking Design specializes in innovative parking solutions, providing comprehensive designs that maximize space efficiency and improve user convenience. This collaboration with Charging Robotics is set to revolutionize how EVs are managed and charged within automated parking environments, ensuring sustainability and operational excellence.

About Charging Robotics
Charging Robotics is developing various automatic wireless charging solutions such as robotic and stationary charging systems for EVs. Robotic solutions are intended to offer the driver the ability to initiate charging by use of a simple smartphone app that instructs an autonomous robot, which navigates under the EV for access and charging capabilities. Charging Robotics’ stationary systems offer various charging solutions, including automatic car parks where the company’s system enables EVs to charge in places where drivers cannot connect plugs to sockets. For further information, visit: https://www.chargingrobotics.com