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Wallbox Flat on Partnership

Wallbox (NYSE: WBX) shares barely changed to begin Wednesday, as the company, a leading provider of electric vehicle (EV) charging solutions, and ChargeLab, a pioneering EV charging software provider, announce a strategic partnership to streamline commercial EV charger deployments across North America. This collaboration integrates cutting-edge hardware and smart software to offer distributors a bundled solution.

Under the terms of this partnership, Wallbox’s Pulsar Pro Level 2 charger and Supernova 180 DC fast chargers sold as part of this bundled offering will come pre-configured to utilize ChargeLab software through OCPP. This integration unlocks a plethora of smart charging features, including power management (load balancing), pricing functionality for charger monetization, and access control. The combined solution is an ideal choice for charging deployments in workplaces, multi-family dwellings, and public charging networks.

"Following the successful launch of our Supernova 180 in North America, we are excited to announce our partnership with ChargeLab which will allow us to offer customers in a number of key locations across North America, a holistic commercial solution.” said Fred Turner, Senior Director at Wallbox North America.

"The partnership between Wallbox and ChargeLab marks a significant milestone in the evolution of EV chargers as a product line for electrical distributors," remarked Zak Lefevre, CEO of ChargeLab.

WBX shares derived a penny to $1.50 soon after Wednesday’s opening.