According to Gal Friedman, CEO of Aquarius: “We are proud to collaborate with one of the largest and leading car rental companies in the world on this groundbreaking project. This project will significantly increase the number of electric vehicles the rental company can charge at its sites, thereby allowing it to rent more vehicles to its customers as a direct result of using our innovative power systems at its locations. This agreement joins several other significant agreements we have recently signed in the American market. We continue to present our revolutionary system to more and more companies.

The dual achievement we are reporting today is both the payment we will receive for conducting the pilot and the type of companies we are collaborating with, companies that are planning to jointly examine and implement our system. This collaboration demonstrates our commitment to innovation and green energy, and we look forward to the success of the pilot and the broad commercial potential that will follow.

“Aquarius Engines (TASE: AQUA) announced today that it entered into a memorandum of understanding with EnviroCharge, an American company that operates electric vehicle charging stations, to initiate a pilot with one of the largest car rental companies in the world. The pilot will start in 2025 and will integrate Aquarius’s solution into the electric vehicle charging infrastructure for rental and fleet management companies.

Additionally, the agreement presents potential for extensive orders for the years 2026-2027. The memorandum is valid for 18 months or until a final agreement is signed.