MILPITAS, Calif.—- TurnOnGreen, Inc. (“TurnOnGreen” or the “Company”), today announced the continued expansion of the Company’s electric vehicle (“EV”) charging infrastructure across select Tenet Health (“Tenet”) properties in California. In accordance with a Site Licensing Agreement (“SLA“) between TurnOnGreen and Tenet, TurnOnGreen will assume ownership, operation, and maintenance responsibilities for the EV chargers for a term of ten (10) years. In exchange for these responsibilities, TurnOnGreen will retain a percentage of recurring charging revenues for the duration of the contract and any extensions.
TurnOnGreen high-power, networked EVP700G Level 2 EV charger located at Desert Regional Medical Center in Palm Springs, CA
Property of TurnOnGreen, all rights reserved @2024
Tenet provides quality, compassionate care in communities across the United States. Tenet currently owns and or operates more than 480 ambulatory surgery centers and surgical hospitals, 58 hospitals, and approximately 160 additional outpatient centers and other sites of care across the United States.1
Desert Regional Medical Center, in Palm Springs California, will be the first Tenet facility at which TurnOnGreen will complete the installation of its EV chargers. The project features multiple high-power, networked EVP700G Level 2 EV chargers that hospital employees can activate using the TurnOnGreen App, RFID cards, or scanning a unique QR code displayed on each EV charger. The Company collects fees for any paid sessions on the platform.
Hi-Desert Medical Center, located in Joshua Tree California, is the second Tenet facility at which TurnOnGreen will install and operate EV charging infrastructure under the SLA. The project is currently in the engineering and permitting phase and is expected to be completed by December 2024.
“We are thrilled to work with Tenet Health facilities to provide their physicians, nurses, and healthcare workers access to affordable, dependable EV charging services while at work,” said TurnOnGreen President Marcus Charuvastra. “Providing EV charging infrastructure in a healthcare setting supports our front-line workers and helps our partners achieve their sustainability goals.”
Amos Kohn, the Company’s Chairman and Chief Executive Officer, added, “Working through Site License Agreements is a selective process, a key component of our growth, and will help support our recurring revenue verticals. We are steadfast in our quest to be the leader in workplace EV charging and sustainable energy infrastructure solutions.”
TurnOnGreen offers scalable EV charging solutions to homes, businesses, and fleets across North America. The Company’s EV charging hardware, management software, and network services allow municipalities, businesses, and homeowners to monetize, track and report EV charger usage. TurnOnGreen charging systems maintain high standards in the market, are Energy Star Certified, and are backed by an internationally recognized certificate of safety and performance.
About TurnOnGreen
TurnOnGreen Inc. (OTC: IMHC) designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen headquarters are located at Milpitas, CA; www.TurnOnGreen.com.
TurnOnGreen Investor Contact:
IR@TurnOnGreen.com or (877) 634-0982
