Resources

ZOOZ Power (“ZOOZ”) has successfully completed the certification process, in accordance with the UL standards, of its newest Power Booster, the ZOOZTER™-100 system, which is aimed to enable the establishment of ultra-fast charging infrastructure for electric vehicles, despite power limitations of the electricity grid at the charging site.

TEL AVIV, Israel and NEW YORK, July 31, 2023 /PRNewswire/ — ZOOZ Power Ltd. (“ZOOZ”) (TASE: ZOOZ), a leading provider of flywheel-based power boosting solutions for the EV charging infrastructure market, and Keyarch Acquisition Corporation (“Keyarch”) (NASDAQ: “KYCHU” units, “KYCH” Class A ordinary shares, “KYCHW” warrants and “KYCHR” rights), a special purpose acquisition company, today announced that they have entered into a business combination agreement (the “Business Combination Agreement”) and certain ancillary agreements related thereto. Following the closing of the transaction, ZOOZ is expected to be publicly listed on Nasdaq under the symbol “ZOOZ”, and will remain listed on the Tel Aviv Stock Exchange (“TASE”).