WAVE, a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX) and developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles, today announced its facility expansion to accommodate growing demand. The new 12,000 square-foot facility is located across the street from the company’s current Salt Lake City headquarters and will provide more space for product line expansion and support WAVE’s growing engineering, testing and production teams. Employees will begin moving into the facility this week. “We are proud to increase our footprint locally – it’s a commitment to the company’s long-term growth,” said Aaron Gillmore, chief executive officer of WAVE. “We look forward to the increased efficiency and product development this facility will provide, ultimately enhancing our ability to serve our customers and strengthening our position in the market.”
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About Ideanomics Inc.
Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation and financial services, Ideanomics provides the solutions needed for the commercial world to commit to an EV future. For more information about the company, visit www.Ideanomics.com.
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