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

GlobeNewswire11-22

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 www.xostrucks.com.

Contacts

Xos Media Relations
press@xostrucks.com

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 www.crownuniform.com.

Contact:

Plato Spilios
Co-President
Crown Linen Service, Inc.
800-221-2725
www.crownuniform.com

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 investors.xostrucks.com or the SEC’s website at www.sec.gov. 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.


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