REDMOND, OR / ACCESSWIRE / July 24, 2023 / Expion360 Inc. (NASDAQ:XPON), an industry leader in lithium-ion battery power storage solutions, has expanded its sales and distribution partnership with Meyer Distributing, a leading national marketer and distributor of automotive and RV specialty products.
Meyer's distribution network includes more than 90 warehousing facilities across the U.S. and Canada that service thousands of customers and hundreds of dealers.
In addition to its broad reach, Meyer brings to Expion360 best-in-class supply chain technology and more than 38 years of experience managing vendor and customer relationships.
The newly expanded partnership includes the assignment and special training of Meyer sales representatives focused on selling Expion360 products. Their training will help them assist RV dealers with configuring new and aftermarket e360™ battery power system installations. Meyer will also help manage logistics and distribution of Expion360 products to Expion360's growing portfolio of OEM customers.
"This expanded partnership reflects the increasing scale of our customer base and product lines that we believe will benefit from Meyer's exceptional marketing and distribution capabilities," stated Expion360 CEO, Brian Schaffner. "We see their professional sales teams and logistics expertise across both regional and national markets providing us a competitive edge for growing our B2B business more rapidly while sustaining our high level of customer service."
A select number of Expion360 products were first featured in Meyer's 2023 RV Towing & Accessories Catalog, and have been available for purchase online through the Meyers Online dealer portal. The order history supported the mutual decision to expand the relationship. Expion360's full product line of lithium iron phosphate (LiFePO4) batteries and select accessories will be featured in the upcoming 2024 edition of the Meyer RV Towing & Accessories Catalog.
Expion360 has also been invited to showcase its products at Meyer's 2024 RV & Marine Mega Show being held at the historic French Lick Resort and Casino in French Lick, Indiana, on January 9-10, 2024.
"Meyer's coast to coast U.S. and Canada delivery ability and the quality of Expion360 products makes this a perfect partnership," commented Meyer's category sales manager for RV Towing & Marine, Ben Johnson. "A quality brand that can be delivered next day is exactly what dealers need to close sales and to make consumers' travel trailers and boats powered for any adventure."
New Expion360 products now available through Meyer Online and expected to be featured in the 2024 catalog include:
About Meyer Distributing, Inc.
Meyer Distributing is a leader in automotive specialty products marketing and distribution. Through numerous strategically positioned warehousing facilities, Meyer serves thousands of customers nationwide with most states via Meyer Logistics direct ship. For more information visit www.meyerdistributing.com.
About Expion360
Expion360 is an industry leader of premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles and marine applications,with residential and industrial applications under development.
The company's lithium batteries feature half the weight of standard lead-acid batteries while delivering three times the power and 10 times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other Li-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer.
The company is headquartered in Redmond, Oregon. Expion360 Li-ion batteries are available today through more than 213 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the company, visit expion360.com.
Forward-Looking Statements and Safe Harbor Notice
All statements other than statements of historical facts included in this press release are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Examples of such forward-looking statements include statements regarding our expectations regarding our business strategies and plans, growth opportunities and competitive position, our expectations regarding the ability of the special training of Meyer sales associates to enable them to help RV dealers with configuring e360™ battery power system installations, our expectation that Meyer will also help manage logistics and distribution of our products to our OEM customers, our expectations that we will benefit from Meyer's marketing and distribution capabilities and that their sales teams and logistics expertise will provide us with a competitive edge for growing our B2B business more rapidly while sustaining a high level of customer service, our expectations that our products will be featured in the 2024 edition of the Meyer RV Towing & Accessories Catalog and those statements that use forward-looking words such as "projected," "expect," "possibility" and "anticipate," or similar expressions. Because forward-looking statements relate to the future, such forward-looking statements involve significant risks, uncertainties, and assumptions that are difficult to predict and many of which are outside our control. Actual results could differ materially from those indicated in the forward-looking statements. Factors that could cause such differences include, among others, the competitive nature of our industry and the pricing pressures that we face, our history of losses and increasing costs, our ability to continue as a going concern, our dependency on the needs and success of our customers and our substantial customer concentration, any inability to successfully manage our growth, the impact of public health epidemics or outbreaks, our ability to expand our sales and distribution channels, our ability to expand into international markets, the limited number of ports through which our raw materials enter the United Sates and our reliance on third parties to store and ship certain inventory, uncertainty in the global economic condition, any government reviews, inquiries, investigations and other actions, changes in the cost and availability of raw materials, our dependency on third-party manufacturers and suppliers and increases in the cost or disruption of supply or shortages in any of our raw materials, battery components or raw materials used in the production of such parts, our dependency on our two warehouse facilities, the risk that lithium-ion battery cells may catch fire or release smoke and flame, potential product liability claims, risks related to litigation, tax, environmental and other legal compliance, any failure to introduce new products and product enhancements and market acceptance of new technologies introduced by our competitors, any failure by us to adequately protect our intellectual property or to defend ourselves against intellectual property infringement claims, quality problems with our products, our ability to raise capital, risks related to our electronic data becoming compromised, our dependency on our senior management team and other key employees, any failure to keep pace with developments in technology and those discussed in our filings with the SEC. Investors should read the risk factors set forth in the Company's previous filings, subsequent filings, and future periodic reports filed with the SEC. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.
The Company cautions that forward-looking statements are not historical facts and make no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. The information set forth herein speaks only as of the date hereof. The Company and its management are under no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statements following the date of this news release, whether as a result of new information, future events or otherwise, except as required by law.
Expion360 Contact:
Brian Schaffner, CEO
Tel (541) 797-6714
Expion360 Investor Contact:
Ronald Both
CMA Investor Relations
Tel (949) 432-7566
Email contact
Expion360 Media Contact:
Tim Randall
CMA Media Relations
Tel (949) 432-7572
Email contact
Meyer Contact:
Ben Johnson
Category Sales Manager RV Towing & Marine
Meyer Distributing, Inc.
560 E. 25th St.
Jasper, IN 47546
Tel (800) MeyerUSA (800-639-3787), ext. 6165
This email address is being protected from spambots. You need JavaScript enabled to view it.
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