XOS XOS INC

Xos, Inc. Powers Crown Linen Service, Inc.’s Energy Initiatives with Battery-Electric Stepvans

Xos, Inc. Powers Crown Linen Service, Inc.’s Energy Initiatives with Battery-Electric Stepvans

LOS ANGELES, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leader in the electrification of fleets, is excited to announce a purchase order from Crown Linen Service, Inc., a leading provider of linen and uniform rental services. Crown Linen has ordered two fully electric 22' stepvans, reflecting its commitment to sustainability and reducing its environmental impact.

“We are thrilled to partner with XOS, Inc. in our journey towards a greener future,” said Plato Spilios, Co-President of Crown Linen Service, Inc. “Integrating electric vehicles into our fleet is a crucial part of our strategy to provide environmentally responsible services to our customers while maintaining the highest standards of efficiency and reliability.”

The Xos SV stepvans, with zero tailpipe emissions, align with Crown Linen’s comprehensive energy efficiency and sustainability initiatives. In addition to contributing to cleaner air, these electric vehicles are engineered to deliver long-term total cost of ownership (TCO) savings, making them a smart choice for businesses.

“We’re proud to support Crown Linen’s sustainability goals,” said Dakota Semler, CEO and Co-Founder of Xos, Inc. “Our electric vehicles not only help reduce carbon tailpipe emissions but also provide cost savings and superior performance. We are confident that Crown Linen will experience the full range of benefits that come with switching to electric.”

Crown Linen Service, Inc. joins a growing list of businesses in the uniform and linen industry transitioning to Xos’ electric vehicles. By adopting electric stepvans, they advance their sustainability efforts while benefiting from efficient, reliable, and cost-effective operations.

About Xos, Inc.

Xos is a leading technology company, electric truck manufacturer, and fleet services provider for battery-electric fleets. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes. The company leverages its proprietary technologies to provide commercial fleets with battery-electric vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, visit .

Contacts

Xos Media Relations

About Crown Linen Service, Inc

Founded in 1914, Crown Linen Service, Inc. has built a reputation for excellence in the linen and uniform rental industry, serving a diverse clientele with top-notch products and services. Family-owned and operated for over 100 years, the company proudly serves the healthcare, dental, industrial, and food and beverage industries, equipping them with the proper uniforms, apparel, linens, and floor care services to keep their teams and facilities safe, professional, and pristine.

Sustainability Initiatives:

Crown Linen Service, Inc. has implemented various sustainability initiatives to reduce its environmental impact:

Water and The Green / Ecofriendly Movement: Identifying opportunities to reduce waste, reuse materials, and recycle what cannot be reduced or reused.

Hanger Recycling Program: Collecting wire hangers, cleaning, and reusing them to prevent waste and reduce new hanger production.

Recycling Decommissioned Uniforms and Linens: Repurposing or donating linens and uniforms that no longer meet quality standards. Medical uniforms and lab coats are given to non-profits like the Red Cross and Doctors Without Borders.

Paper, Plastics, Metal Recycling: Implementing single-stream recycling and training staff to maximize recycling efforts.

Reusables in the Workplace: Transitioning from disposable cups and mugs to reusable ones, with "Mug Walls" installed for easy access and reuse.

Polybag Re-use and Recycling: Using recycled content poly-bags for hygienic delivery of medical garments and reducing their environmental impact.

Energy Efficiency Initiatives:

Green Transportation: Replacing the delivery fleet with "clean" diesel vehicles, upgrading the sales fleet to energy-efficient Toyota Priuses, instituting a route management system, and setting anti-idling policies.

Upgraded Lighting: Installing super-efficient T-5 and LED lighting, motion light sensors, automated timers for office electronics, and end-of-day office shutdown policies.

Solar Panels: Partnering with GE to install solar panels on the roof, providing 1/3 of the plant's electrical capacity.

Heat Reclamation System: Using wastewater heat for incoming water to reduce gas and energy costs and environmental pollution.

For more information about Crown Linen Service, Inc. and its sustainability initiatives, please visit .

Contact:

Plato Spilios

Co-President

Crown Linen Service, Inc.

800-221-2725

Cautionary Statement Regarding Forward-Looking Statements

This website and other items we publish, including through social media outlets, may include “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements, including but not limited to: (i) Xos, Inc.’s (“Xos”) ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities, (ii) Xos’ limited operating history, (iii) cost increases and supply chain shortages in the components needed for the production of Xos’ vehicle chassis and battery system, (iv) Xos’ ability to meet production milestones and fulfill backlog orders, (v) changes in the industries in which Xos operates, (vi) variations in operating performance across competitors, (vii) changes in laws and regulations affecting Xos’ business, (viii) Xos’ inability to implement its business plan or meet or exceed its financial projections (ix) Xos’ ability to retain key personnel and hire additional personnel, (x) the risk of downturns and a changing regulatory landscape in the highly competitive electric vehicle industry and (xi) the outcome of any legal proceedings that may be instituted against Xos.

You should carefully consider the preceding factors and the other risks and uncertainties described in Xos’ filings with the Securities and Exchange Commission (the “SEC”), including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Copies of Xos’ SEC filings may be obtained by visiting Xos’ Investors Relations website at  or the SEC’s website at . These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Xos assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.



EN
22/11/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on XOS INC

 PRESS RELEASE

Xos, Inc. Reports Record-Breaking 2024 with Growing Unit Deliveries an...

Xos, Inc. Reports Record-Breaking 2024 with Growing Unit Deliveries and Highest-Ever Gross Profit Achieved $3.3 million of net cash provided by operating activities, and our first quarter of positive Free Cash Flow of $3.3 million Achieved positive gross margins of approximately 7% and approximately 18% non-GAAP gross margins, for the full year 2024 Exceeded 25% revenue growth year-over-year from 2023 to 2024 LOS ANGELES, March 28, 2025 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) (“Xos” or the “Company”), a leading electric truck manufacturer and fleet services provider, today reported...

 PRESS RELEASE

Xos, Inc. Announces Fourth Quarter 2024 Earnings Release Date and Conf...

Xos, Inc. Announces Fourth Quarter 2024 Earnings Release Date and Conference Call LOS ANGELES, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer and fleet services provider, announced it is scheduling the release of its fourth quarter 2024 operating results on Friday, March 28, 2025 after the close of the U.S. financial markets. Management will host a conference call to discuss these financial results at 4:30 p.m. Eastern Daylight Time / 1:30 p.m. Pacific Daylight Time that same day. Conference Call and Webcast Details Date / Time:Friday, M...

 PRESS RELEASE

Xos, Inc. Announces Major Milestone: Xos Hub Listed on Federal GSA Sch...

Xos, Inc. Announces Major Milestone: Xos Hub Listed on Federal GSA Schedule LOS ANGELES, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading provider of fleet electrification and energy solutions, is thrilled to announce that its innovative Xos Hub™ has been officially added to the General Services Administration (GSA) Schedule. This milestone makes it easier than ever for federal agencies and authorized customers to quickly and efficiently procure the Xos Hub, a state-of-the-art mobile energy storage system and DC fast charger. “As Federal agencies seek to reduce oper...

 PRESS RELEASE

Xos, Inc. Powers Crown Linen Service, Inc.’s Energy Initiatives with B...

Xos, Inc. Powers Crown Linen Service, Inc.’s Energy Initiatives with Battery-Electric Stepvans LOS ANGELES, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leader in the electrification of fleets, is excited to announce a purchase order from Crown Linen Service, Inc., a leading provider of linen and uniform rental services. Crown Linen has ordered two fully electric 22' stepvans, reflecting its commitment to sustainability and reducing its environmental impact. “We are thrilled to partner with XOS, Inc. in our journey towards a greener future,” said Plato Spilios, Co-Presi...

 PRESS RELEASE

Xos, Inc. delivers strong unit delivery and promising gross profit per...

Xos, Inc. delivers strong unit delivery and promising gross profit performance in the third quarter of 2024 Delivered fifth consecutive quarter of positive gross margins LOS ANGELES, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) (“Xos” or the “Company”), a leading electric truck manufacturer and fleet services provider, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Generated revenues of $15.8 million, up from $15.5 million last quarter and down from $16.7 million in the third quarter of 2023Delivered...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch