Xylo Technologies: Charging Robotics and Make My Day to Deploy AI based EV Charging Management System
May 15 2024 - 9:22AM
Xylo Technologies Ltd. (Nasdaq: XYLO) (“Xylo”), a technology-based
company engaged in advanced innovative technologies, announces
today that Charging Robotics, Inc. (OTC: FDOCD) (“Charging
Robotics”), an innovator of wireless charging solutions held 67% by
Xylo, as part of its collaboration with Make My Day Ltd. ("Make My
Day”), a market leader in the field of electric vehicle (EV) fleet
management for minimizing EV battery consumption, reached the final
stages of development of their software for EV charging management
in automatic car parks.
The charging management system uses machine
learning and artificial intelligence (AI) algorithms in an attempt
to meet the growing shortage of electricity for EV charging.
With the rise in EV adoption, there is growing concern that a given
facility’s available electricity supply will not be sufficient to
fully charge all EVs parked in the typical automatic parking
facility in the required time. In order to address this need,
Charging Robotics and Make My Day jointly developed a charging
management software that allows the wireless system in automatic
car parks to prioritize the charge sequence for all present EVs and
deliver the exact amount of electricity each EV needs.
This software uses predictive machine learning
and AI algorithms to supply each EV the required amount of
electricity needed for their respective driver’s planned drives. It
also prioritizes the charge order based on the planned departure
time of each driver, the vehicle type, driving style and other
parameters. This software is based on Make My Day’s expertise in EV
fleet management with the adaptations to the Charging Robotics
system for wireless charging in automatic parking facilities. The
software is seamlessly integrated into the Charging Robotics user
interface and works with Charging Robotics’ system for wireless
charging in automatic car parks, allowing drivers to charge EVs in
places where the driver cannot physically access a charging
plug.
Charging Robotics recently installed its
wireless charging system as part of a pilot project in an automatic
parking facility in Tel Aviv, Israel.
“We are pleased with the cooperation with Make
My Day in developing this exciting feature. We believe that it will
add value for our future customers and allow them to use limited
electricity supply to optimally charge their EVs” said Hovav Gilan,
CEO of Charging Robotics.
About Make My DayMake My Day is
a premier solution provider, that specializes in streamlining the
transition and operation of electric vehicle (EV) fleets,
contributing significantly to the reduction of CO2 emissions. Make
My Day helps companies, fleets, and automotive leaders quickly and
efficiently transition to all green electric vehicles using Make My
Day technology.www.makemydayapp.com
About Charging RoboticsCharging
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. Our 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
About XyloBased in Israel,
Xylo Technologies Ltd. (Nasdaq: XYLO) is a technologies company
that is focused on innovative growth partnerships, mainly in
advanced medical solutions, digital commerce, and electric vehicle
markets. Xylo’ affiliations in the medical solutions arena include
the ownership in Polyrizon Ltd. The Company’s affiliates in digital
commerce include Gix Internet Ltd., Jeffs’ Brands and Eventer
Technologies Ltd. In the electric vehicle market, Charging
Robotics, Inc. and Revoltz Ltd. are also part of the Company’s
portfolio of technology solution providers. Other affiliations of
the Company include Parazero Technologies Ltd., Zig Miami 54
LLC.
Xylo is traded on The Nasdaq Capital Market. To
learn more about Xylo’s advanced technologies, please
visit http://www.medigus.com/investor-relations.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. Words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates” and similar
expressions or variations of such words are intended to identify
forward-looking statements. Because such statements deal with
future events and are based on Xylo’ current expectations, they are
subject to various risks and uncertainties, and actual results,
performance or achievements of Xylo could differ materially from
those described in or implied by the statements in this press
release. For example, Xylo uses forward looking statement when
describing the potential of Charging Robotics and Make My Days’
algorithmic solution to meet potential electricity shortages in
automatic car parks.
The forward-looking statements contained or
implied in this press release are subject to other risks and
uncertainties, including those discussed in any filings with the
SEC. Except as otherwise required by law, Xylo undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. References and links to websites have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release. Xylo is not
responsible for the contents on third-party websites.
Company Contact:Tali DinarChief Financial
Officerir@medigus.com
Investor Relations Contact:Michal
EfratyInvestor Relations,michal@efraty.com
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