Inzile selected for Swedish procurement framework agreement

Inzile AB (publ) (”Inzile”), with its light truck Pro4, has been selected for Swedish HBV's (Sw. Husbyggnadsvaror) framework agreement regarding procurement of electric work vehicles. The framework agreement, worth up to MSEK 189, is valid for three years with an option for another year. Inzile is one of four accepted suppliers.

The framework agreement is aimed at HBV's members of Sweden's public housing companies and simplifies their purchase of electric work vehicles, which are mainly used for landscaping and property management.

- Inzile's qualification for HBV's framework agreement shows that we have a competitive product that helps customers to switch to fossil-free vehicle solutions and thereby contribute to creating sustainable cities and municipalities, says Carsten Jörgensen, Sales & Product Manager at Inzile.

For further information, please contact:

Yago Mendez, CEO Inzile, yago.mendez@inzile.com, +46 490 199 99

Peter Wergens, CFO Inzile, peter.wergens@inzile.com, +46 73 325 75 04

About Inzile

Inzile is a Swedish tech company manufacturing intelligent electrically powered vehicles as well as creating modern transport and service solutions for a sustainable community. The company’s vision is to liberate the world from emission of fossil fuels and to accelerate the climate efforts by contributing to sustainable cities that improve quality of life.

Inzile was founded in 2012 based on a strong will to secure a future climate friendly utility vehicle sector. The team consists of some of Scandinavia’s foremost authorities related to electrical vehicles, digitalization, manufacturing and purchasing. Inzile develops, produces, and sells innovative vehicle solutions on the global market based on the demanding Nordic climate, security requirements and environmental standards. The company is based in Sweden with headquarters and production facility located in Västervik, R&D in Tranås and marketing office in Stockholm.

The company's share is traded on Nasdaq First North Growth Market Stockholm.

Redeye AB is the Company’s Certified Adviser, +46 8 121 57 690, certifiedadviser@redeye.se.

For further information, please visit: www.inzile.com

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