ZOOZ POWER Ltd. announced the successful deployment of its innovative Power Boosting solution, enabling the upgrade of the ?ON? charging site at Dor-Alon Station on Route 6, the Cross-Israel Highway, one of Israel?s most congested transportation corridors. The upgraded site is the outcome of a fruitful collaboration between ZOOZ Power and "ON?

charging network, the leading ultra-fast charging network in Israel (a joint operation of Dor-Alon, a leading gas-station network operator, and Afcon Electric Transportation, a leading CPO in Israel). This ensembled effort aims to address the growing demand for ultra-fast charging capabilities, and provide better services to EV drivers, on this main route, while overcoming the limitations posed by the electricity grid in that site. ZOOZ?s innovative solution, based on the ZOOZTER?-100 Power Booster and ZOOZ?s proprietary Energy Management System (EMS), is aimed to enable ?ON?

to provide better charging services on site, by upgrading the previous configuration (1 ultra-fast charger and 2 fast chargers), which was limited due to the available grid power, to four ultra-fast (150kW) chargers, supporting eight charging ports, with ZOOZ?s solution boosting the grid, and managing the chargers? power, to support this upgraded configuration. This is another step of collaboration between the parties, following on the success of a Pilot project in which the parties established an ultra-fast charging site at the Dor-Alon station "Mall-Zichron" in Israel, which is commercially operational since January 2023.

The operational success of that project laid the groundwork for expanding the partnership to support ?ON? charging sites on the main transportation corridor in Israel. The parties plan to implement ZOOZ?s solution and upgrade an additional site of ?ON?

on Route 6, the Cross-Israel Highway. This additional upgraded charging site, in the southern part of this highway, is expected to open in the second quarter of 2024.