#ACTexpo Round-Up: Honda, Ryder, ChargePoint, Dannar, Coulomb, ZevX & GreenPower (2024)

The stage is set for the most anticipated annual gathering in the commercial transportation industry as the organizers of theAdvanced Clean Transportation (ACT) Expoprepare for its largest event to date. Set for May 20-23, 2024, at the Las Vegas Convention Center, this year’s ACT Expo will draw record-breaking attendance, bringing together leading fleet operators, vehicle OEMs, technology providers, utilities, public agencies and other important stakeholders from across the globe to explore the trends, policies, and technologies transforming the future of commercial transportation.

“In spite of some recent mixed headlines, we see tremendous forward momentum within the clean transportation industry,” noted Erik Neandross, president of GNA, a TRC Company, the producers of ACT Expo. “We have nearly 500 exhibitors this year, showcasing more than 200 of the world’s most cutting-edge technologies and other state-of-the-art fueling solutions. The four-day agenda is packed from front to back with the world’s top CEOs and industry titans, who I am sure will reaffirm their company’s commitment to a zero-carbon future. The complications, costs and other complexities of making a transition away from combustion technologies in the next several decades will be tackled head-on in the number of dynamic workshops we have lined up, keynote addresses from the industry’s top leaders, top-level executive panels, comprehensive technical sessions, and an absolutely packed trade show floor that will showcase the greatest collection of advanced clean vehicle technologies the world has ever seen.”

Fleet-Focused Agenda

The ACT Expo agenda will cover the state of the commercial transportation landscape, including fleet case studies of clean vehicle deployments, environmental policy developments, and a deep dive into the latest technologies and fuels. Through an assortment of expert-led workshops, executive panels, keynote presentations, and deep dive breakout sessions, fleet managers will walk away with a deeper understanding of how to navigate these new technologies, trends, and regulations and integrate the findings into their operations.

Highlighted sessions:

Battery Technology Advancements
Hydrogen Workshop
Regulatory Workshop
Vehicle Automation Workshop
Global Sustainability Trends in the Transportation Sector
CEO Roundtable on Scaling Vehicle Electrification
Energy Transition Executive Roundtable: Navigating the New Fuel Frontier
Microgrids to Support Fleet Deployments
EV Charging Event
Ultra Clean Vehicle Summit
Utility Workshop
ACT Shipper-Carrier Connect
Innovative Tech Showcase

Who’s Who Speaker Lineup

Attendees will gain invaluable insights from executives representing some of the world’s largest fleets, vehicle manufacturers, and industry suppliers, offering diverse perspectives and unparalleled expertise on the most important issues facing the commercial fleet sector today.

Featured speakers include:

Roger Alm, President, Volvo Trucks
Dan Purefoy, Chief Supply Chain Officer, Sysco
Jim Monkmeyer, President of Transportation, DHL Supply Chain
Javier Garcia Atique, Regional Head of Customer Delivery for Landside Transportation, Maersk
David Allen, Vice President and Chief Sustainability Officer, PepsiCo Foods North America
Elisabeth Fauvelle Munck af Rosenschöld, Global Sustainability Manager, IKEA
Dan Priestley, Senior Manager, Semi, Tesla
Shelley Simpson, President, J.B. Hunt Transport Services, Inc.
Art Vallely, President, Penske Truck Leasing
John O’Leary, President and Chief Executive Officer, Daimler Truck North America
Peter Voorhoeve, President, Volvo Trucks North America
Jason Skoog, General Manager, Peterbilt and PACCAR Vice President
Mathias Carlbaum, President and Chief Executive Officer, Navistar
Jonathan Randall, President, Mack Trucks North America
Adam Wright, Chief Executive Officer, Pilot
Robert Sanchez, Chairman and Chief Executive Officer, Ryder System, Inc.
Pedro J. Pizarro, President and Chief Executive Officer, Edison International
Selda Gunsel, President, Shell Global Solutions US, and Global Vice President of Lubricants, Mobility, and Fuels Technology, Shell
Andy Walz, President, Americas Products, Chevron
John Kenning, Chief Executive Officer and President, First Student
Emil Youssefzadeh, Chief Technology Officer, Chairman of the Board, and Co-Founder, WattEV

Largest Expo Hall to Date

The Expo Hall, twice the size of 2023 with nearly 500 exhibitors, will showcase the largest advanced clean vehicle display available anywhere. Fleet managers can find more than 200 low- and zero-emission commercial vehicles to meet their economic and environmental sustainability needs. The technologies span battery-electric, hydrogen fuel cell, renewable fuels, efficiency technology, autonomous technologies, and more. Plus, attendees can get behind the wheel of the newest advanced trucks, buses, and vans at the Ride & Drive event. ACT Expo is supported by presenting sponsors Daimler Truck North America, Penske Transportation Solutions, and Shell.

ACT Expo Media Events Now Live

Starting on Monday, May 20, leading fleets, OEMs, and suppliers will debut their latest advanced clean vehicles, announce game-changing partnerships, and make exclusive project updates live at the Expo Hall.
Daimler Truck North America’s new concept vehicle will make its first public appearance, and David Carson, SVP of sales and marketing, will address the critical need for cross-industry synergy to resolve the layered challenges of ZEV deployment.

Hexagon Purus and Hino Motors will unveil a completely new and game-changing electric Class 8 truck. Zero emissions, high efficiency, and ready for the road.

Volvo Trucks North America will present the all-new Volvo VNL among other advanced technologies. Volvo Autonomous Solutions will unveil its purpose-designed, purpose-built, scalable, Class 8 autonomous truck. Volvo Construction Equipment will reveal outcomes from its year-long pilot of the EC230 Electric, North America’s first mid-size fully electric excavator, along with new charging solution partnerships. Volvo Penta will introduce its multipronged emission reduction strategy.

Lion Electric will unveil its next groundbreaking 100% electric vehicle, featuring a next-gen battery system set to revolutionize the industry. Don’t miss this heavy-duty, game-changing announcement.

Accelera by Cummins will unveil its next generation of fuel cell technology. Accelera’s fuel cells are purpose-built for commercial on-highway and stationary power applications, meeting the demanding requirements of commercial vehicles and extended duty cycles. The modular design integrates easily for OEMs and can be paired with a variety of powertrains depending on the application. Get a first-hand look at the latest fuel cell engine and hear more about customer demonstrations.

Penske Transportation Solutions and ForeFront Power will formally announce a new joint venture focused on helping commercial fleets with charging infrastructure solutions.

This new entity will provide critical energy infrastructure advisory consulting and design solutions from conceptualization through construction and implementation. It will leverage the core strengths of both companies, including their deep experiences with feasibility studies, funding, engineering, project design, and management solutions involving construction and equipment sourcing, installation, maintenance, and a robust network of partners and suppliers.

Kenworth will provide a glimpse into the future of trucking during the public debut of SuperTruck 2. Shown for the first time at ACT Expo, Kenworth’s SuperTruck 2 was developed under the U.S. Department of Energy’s initiative to accelerate innovations in Class 8 truck sustainability.

Hexagon Agility will unveil a new product, increased capacity, and expanded fleet services as it prepares for a significant inflection point this year. Demand for natural gas trucks is growing. Hexagon Agility, the world’s leading manufacturer of clean fuel systems, is preparing for the new X15N natural gas engine to increase the company’s addressable market threefold.

Honda Class 8 Fuel Cell Truck

Honda will debut a Class 8 Hydrogen Fuel Cell Truck Concept at the Advanced Clean Transportation (ACT) Expo on May 20, showcasing the start of a new demonstration project aimed at future production of fuel cell powered products for the North American market. Honda is seeking new business collaborations as the company expands its hydrogen business to achieve its global goal of zero environmental impact, including carbon neutrality for all products and corporate activities by 2050.

“Commercial vehicles, including Class 8 trucks, where fuel cells offer the best zero-emission replacement for existing diesel applications, are a key part of Honda’s broad hydrogen business strategy,” said Ryan Harty, assistant vice president, sustainability & business development, American Honda Motor Co., Inc. “Honda is actively seeking business collaborations and customers to help bring these hydrogen fuel cell solutions to market here in North America.”

The operational Honda Class 8 truck concept is powered by three new Honda fuel cell (FC) systems, now in mass production at Fuel Cell System Manufacturing, LLC (FCSM), a joint venture production facility with General Motors (GM) in Brownstown, Michigan. The new FC system is key to the Hondahydrogen business strategy. Co-developed by Honda and GM over the last decade, the Honda FC system advances performance and doubles durability while reducing cost by two-thirds compared to the previous generation¹system.

Honda has identified four core domains for the initial utilization of its new fuel cell system: fuel cell electric vehicles (FCEVs), commercial fuel cell vehicles, stationary power stations and construction machinery.

In addition to the Honda display at ACT Expo, Harty will provide the keynote presentation at the expo’s Ultra Clean Heavy-Vehicle Vehicle Summit on May 22 to provide further details about Honda hydrogen plans.

Honda ACT Expo Display Items
Honda will showcase the following zero-emission products and technologies at its ACT Expo display booth (#1031):

Class 8 Hydrogen Fuel Cell Truck Conceptto make global debut at ACT Expo.
2025 Honda CR-V e:FCEV, the first production plug-in hydrogen fuel cell electric vehicle in America.
Honda Fuel Cell Systemat the core of Honda’s strategy to expand the range of applications that use hydrogen toward the decarbonization of society.
Honda Autonomous Work Vehicle (AWV), a prototype, all-electric off-road vehicle designed to enhance worksite efficiencies and support repetitive tasks.

Companies interested in collaboration and partnership with Honda hydrogen business may contacthydrogen@na.honda.com.

Class 8 Hydrogen Fuel Cell Truck Concept Specifications

Total length/width/height	8,000 mm / 2,400 mm / 4,000mm
GCW	37,273kg (Tractor Weight Target : 12,918kg, Load Weight Target : 24,355kg )
Top Speed	70 mph (Estimated)
Driving range	400 miles at GCW (Estimated)
Fuel Cell System Output	240kW combined (80kW x 3 FC systems)
Hydrogen Tank	High pressure 700bar Hydrogen Tank 82kg-H2
Vehicle Battery	120kWh High Voltage Battery

ChargePoint MCS

ChargePoint(NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), today announced its support for the Megawatt Charging System (MCS), the latest addition to ChargePoint’s leading DC fast charging lineup. The system is estimated to be capable of dispensing enough energy to power approximately 1000 homes, so the immense rate of charge will help enable the electrification of commercial trucking.

“Megawatt technology is the first step toward electrifying the commercial trucking industry,” said Hossein Kazemi, CTO for Hardware at ChargePoint. “Megawatt charging solves one half of the electrification equation for trucking. The companies developing electric trucks can now leverage this infrastructure to test and enable their vehicles until they meet – or even exceed – the distances covered by internal combustion trucks.”

The greatest benefit of an electrified trucking sector is the reduction of emissions, as transportation represents the largest polluting segment. The industry is currently responsible for an annual 400+ million metric tons of greenhouse gas emissions in the USA alone. The electrification of these vehicles will represent a significant step towards achieving global climate goals, but first the megawatt charging infrastructure must go into place to charge them.

The MCS cable and connector will be available on ChargePoint’s Power Link 2000 stations, part of the modular Express Plus DC fast charging platform. Initially, MCS will deliver up to 1.2 megawatts. The Megawatt Charging System supports bi-directional charging and will enable output of up to 3 megawatts in the future before vehicles capable of accepting such charge come. The system is also designed for charging in marine and aviation applications.

ChargePoint enables its customers to meet their electrification needs. Partners planning on megawatt charging can begin ChargePoint interoperability testing now to ensure a seamless deployment. ChargePoint’s Megawatt Charging System will be on display at the ACT Expo taking place May 20-23 in Las Vegas, NV. For more information, please visit the ChargePoint booth #3733 at the Las Vegas Convention Center West Hall, or online at:https://info.chargepoint.com/request-a-quote.html?product=homepage.

Ryder Reduces Costs

Ryder System, Inc.(NYSE: R), a leader insupply chain,dedicated transportation, andfleet managementsolutions, returns to theAdvanced Clean Transportation (ACT) Expoin Las Vegas on May 20-23 with opportunities to engage the Ryder team and where Chairman and CEO Robert Sanchez will take the mai

During his keynote address, Sanchez will explore the transport costs and infrastructure challenges associated with converting commercial diesel vehicles to electric vehicles (EVs) in today’s market. This follows a recent analysis published by Ryder, titled “Charged Logistics: The Cost of Electric Vehicle Conversion for U.S. Commercial Fleets,” examining the estimated total cost to transport (TCT) goods by diesel versus electric in the light-, medium-, and heavy-duty commercial vehicle classes and potential broader inflationary impacts.

“At Ryder, we understand complexities of the commercial EV landscape – both the challenges and the opportunities it presents,” says Sanchez. “While we recognize the long-term potential of leveraging zero-emission vehicle technology, our EV TCT analysis quantifies the costs of fleet electrification and highlights other realities for businesses and consumers to consider.”

According to the analysis, light-duty vehicles emerge as the most cost-effective entry point for EV adoption in today’s market, whereas medium- and heavy-duty vehicles could pose a significant increase in the TCT. For a complete copy of the analysis and further insights from Ryder on the road to electrification, download a copy of “Charged Logistics: The Cost of Electric Vehicle Conversion for U.S. Commercial Fleets” viaryder.com/evtct.

Ryder joins other industry leaders during ACT Expo to discuss the trends, infrastructure solutions, and technologies in commercial transportation. This includes a breakout session called “Developing the Alternative Fuels Workforce” on May 20 moderated by Arun Chickmenahalli, director of maintenance at Ryder. Also during ACT Expo, conference attendees are invited to visit Ryder’s interactive exhibit (booth #1944) to engage with Ryder’s team and discover more aboutRyderElectric+, the company’s turnkey EV solution. Previously unveiled at the 2023 ACT Expo, RyderElectric+ provides electrification advisors, EVs, chargers, telematics, and maintenance all for one price and from one point of contact. The Ryder exhibit will feature presentations and an interactive putt-putt golf challenge designed with elements of the current EV landscape and Ryder’s EV solutions.

Coulomb AAM for EVs

Coulomb Solutions Inc. (CSI), announced that it will unveil their new fully integrated Advanced Accessory Module (AAM) for commercial electric vehicles. This single integrated unit is a breakthrough for commercial vehicle OEM’s, at North America’slargest Advanced Commercial Vehicle Technology Conference (ACT EXPO), onMay 20^th, 2024, inLas Vegas, NVin Booth 3601.

CSI’s Advanced Accessory Module (AAM) is compact and incorporates all EV advanced accessory electronics including the high-voltage power distribution unit (PDU+), battery thermal management brake air compressor, the 3-4kW electric steering pump, 3kW cabin compressor, 12kW cabin heater, water pumps and one or two 20kW AC chargers.

DANNAR MPS Platform

DANNAR– a global leader in clean energy technology and the pioneer of the Mobile Power Station^®category – is revealing its latest MPS platform option at the Advanced Clean Transportation Expo (ACT Expo),North America’spremier event for advanced vehicle technology. DANNAR will feature its groundbreaking Mobile Power Station^®(MPS) and the new Gen2 MPS 480 3-Phase option, which increases total energy export capacity, expands the types of applications or equipment that can be powered and broadens access to reliable, high-power energy.

“Our mission is to empower our customers to transform their communities with cleaner, more efficient energy solutions,” said DANNAR Founder and CEO Gary Dannar. “The Gen2 MPS 480 exemplifies our commitment to disciplined innovation, offering superior power export, scalability, and adaptability. We’re excited to share these advancements at ACT Expo and demonstrate to transportation leaders how DANNAR’s Mobile Power Station^®redefines the way fleets and operators think about energy resilience. Our team is already working with exceptional companies like Caterpillar, Amazon AWS, BMW and Volvo Construction Equipment to continuously improve our one-of-a-kind MPS. The Gen2 is the next step in our vision to deliver innovative solutions, scale and value to our customers.”

DANNAR’s Mobile Power Station^®is a versatile, modular off-road platform capable of powering a variety of work attachments, providing mobile microgrid energy, and supporting autonomous operations. It also functions as an unparalleled energy storage solution, trusted by fleet managers, first responders, utility companies, and military operators. The platforms can support electric and hydraulic attachments for various tasks, improving efficiency while reducing emissions and eliminating the need for single-use equipment.

The newly released Gen2 MPS 480 3-Phase option integrates with 480 3-Phase panels, which are heavily used in industrial applications, heavy-duty equipment and commonly used in commercial buildings, hospitals, city infrastructure, farms and more. The added capacity offers high power handling, bidirectional energy flow, and scalability, making it adaptable to evolving power needs. The MPS’s go-anywhere mobility, which has been described as a “walking 480 3-Phase,” gives crews a reliable source of power during an outage or off-grid project site with 500 kWh energy storage capacity and quick recharge using 480 3-Phase bidirectional capabilities.

The unique combination of mobility, access to multi-phase electrical power, and modular configuration to suit nearly any job makes the MPS a practical and highly versatile asset across numerous industries where fixed grid infrastructure is unavailable or impossible.

Committed to cleaner energy, DANNAR is building stronger, safer, and more resilient communities while helping entities like microgrid operators and emergency responders enhance public infrastructure development and response.

The company’s proprietary agnostic Mobile Power Station^®platforms will be on display in booth #3765 at the ACT Expo.

A4000 All-in-One

In today’s EV charging industry, lack of reliability, complex charging experiences for drivers and insufficient return on investment (ROI) are three key challenges for owner/operators and fleets that hinder large-scale deployment of charging infrastructure. The new A400 All-in-One charger offers the highest power density with the smallest footprint and addresses these challenges head-on by introducing innovations in these three problem areas: a holistic, end-user centric experience design, industrialized modularity and system engineering, and a telecom-level approach to asset management.

Today, charging success rates are mediocre at best, often below 70%. When approaching a charger, drivers of private or commercial vehicles are often confused about how to use the chargers, face payment issues that block the charging process, and too often think their vehicle is charging when it is not.

The A400 has been developed with a consumer-centric design approach focused on achieving the highest charging success rates possible. The A400 enhances the overall charging process by creating clarity and reducing friction points between car, charger, and payment systems to ensure a seamless experience from arrival to completion. With its intuitive user interface displayed on a large 32-inch screen, the A400 is as easy and familiar to use as your smartphone. It guides the user step by step and confirms the charging status and completion of the charging process with the ambition of a 99% charging success rate.

The A400 is more than just a hardware product. With its new cloud-based asset management toolchain, it will be possible to manage charging assets at the highest level – like telecommunication networks, where reliability, scalability, interoperability, security, and performance play an important role. This means that the A400 comes with 24/7 asset management service-level agreements (SLAs) that target 99% charging success rates, as well as 97% uptime and fast service response times.

For many fleets and owner/operators, the focus in recent years has been mainly on installing power – peak power and volume of power. The question has been “how much installed power do I get for my money?” The result has been a pursuit of quantity over quality. ABB E-Mobility believes that as an industry, we need to continue to deploy more power and increase grid densities as the installed base of EV fleets continues to grow. At the same time, we need to find a better balance between just installing more power on the one hand and more reliability and more power sharing on the other. That’s why ABB E-mobility designed the A400 with the aim of achieving a 10-year product lifetime, high reliability and, most importantly, enabling our customers to sell energy at the lowest cost. This will significantly improve the customer’s bottom line.

In addition, the dynamic power sharing with a granularity of 50 kW helps to take different charging patterns into account, while in-house built silicon carbide-based power modules, maximum efficient air cooling, and a highly industrialized system design deliver the required reliability.

ABB E-mobility is the first to implement two-phase cooling technology (liquid to vapor to liquid) into a charging connector capable of up to 600 amperes of peak current. This patented technology is more reliable and efficient, with lower maintenance cost than traditional liquid cooled cable solutions.

“Charging networks constitute a mission-critical transport infrastructure on the way to an energy-efficient and climate-neutral mobility era. The A400 has been designed from the ground up as a system for the reliable and cost-effective delivery of energy, enabling our customers to operate their network at the highest level, and achieving their desired economic outcome,” saidMichael Halbherr, CEO of ABB E-mobility. “At ABB E-Mobility, we have taken key lessons from our extensive experience and are obsessed with creating a charging experience that is reliable, scalable, managed and secure, while ensuring interoperability and performance.”

What the A400 Delivers:

Two charging ports provide 200kW of continuous charging power to two vehicles, up to 400kW for a single vehicle, compliant with all applicable governmental requirements and funding parameters in theU.S. and Europe.
Silicon carbide power modules developed and produced in-house, arranged in

ZEVx MCUs

ZEVx^™, Inc., a worldwide leader in mobile EV charging, announced it will launch the first of its configurable Mobile Charging Units (MCUs) in a Trailer at the Advanced Clean Transportation (ACT) Expo, May 20– 23 inLas Vegas, NV.

ZEVx MCU technology combines energy management and remote vehicle charging technologies using advanced high-density battery packs and ZEVx’s proprietary charging solutions. Once released to full production, the ZEVx MCU in a Trailer can be configured in the following four energy storage options: 180 kWh, 240 kWh, 360 kWh, and 480 kWh and are available with air cooled or liquid cooled systems.

“Expanding our mobile charging products within an enclosed trailer provides an immediate solution for mobile charging and on-site battery storage.” saidDon Listwin President& CEO of ZEVx. “Companies are now able to bring power to numerous locations, as well as offer stationary power where the electrical infrastructure is unavailable or insufficient.”

ZEVx MCUs are delivered with two or more DC Fast Charge output cables, capable of charging multiple vehicles simultaneously (using any combination of NACS and CCS1 charging connectors). Recharging the MCU can be accomplished using either L2 or L3 charge stations, as well as connection to shore power inputs.

About ZEVx
ZEVx is a worldwide leader in mobile EV charging. The ZEVxinnovative and proprietary battery pack technology delivers energy solutions for mobile and stationary applications where the electrical infrastructure is unavailable or insufficient.

GreenPower Type D Beast

GreenPower Motor Company Inc. (NASDAQ:GP) (TSXV: GPV) (“GreenPower”), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced its participation in the upcomingAdvanced Clean Transportation (ACT) ExpoonMay 20 to 23in booth #1230 at theLas VegasConvention Center.

At ACT Expo, GreenPower will showcase its all-electric Type D BEAST school bus, EV Star Cab & Chassis and EV Star Cargo Plus. The EV Star Cab & Chassis display will provide an opportunity for customers to see the inter-workings of GreenPower’s platform vehicle, giving visibility to the heart of GreenPower’s commercial products. The EV Star Cab & Chassis is a blank canvas which can be upfitted to address diverse needs of customers by providing customization through GP Truck Body.

“GreenPower is committed to leading the charge toward sustainable transportation by making all-electric school buses and commercial trucks affordable, durable and easy to deploy,” saidFraser Atkinson, CEO of GreenPower. “As we look forward to the upcoming ACT Expo, we are eager to demonstrate how our unique offerings are crucial for companies looking to transition to electric. With our innovative and purpose-built offerings, we take pride in offering our customers various fleet solutions that fit their unique needs.”

Located in booth #1230 at theLas VegasConvention Center, GreenPower, will showcase its all-electric, purpose-built, zero-emission vehicles. GreenPower experts will be onsite to discuss state and federal incentives programs and ways GreenPower can provide its safe, sensible and sustainable solutions to customers looking to deploy electric vehicles from one vehicle to their entire fleet.

BEAST: A unified structure that features a seamlessly integrated aluminum body made from extruded aluminum manufactured by Constellium on a high strength steel bus chassis. The BEAST’s complete flat floor design allows for tracking with no obstacles, and the high floors keep students out of the crash zone.
EV Star Cab & Chassis: The proprietary EV Star Cab & Chassis was designed to take on any mid and last-mile delivery while maintaining the benefits of being a zero-emission vehicle. It is purpose-built to be an electric vehicle and is designed to accommodate a multitude of upfits or bodies for different use cases. The vehicle has a carrying capacity of 7,000 pounds and a range of up to 150 miles.
EV Star Cargo Plus: With a standard 836 cubic feet of cargo capacity, the purpose-built GreenPower EV Star Cargo Plus exceeds delivery needs with improved payload to range ratios. The box truck has an optimal battery placement which provides for a lower center of gravity resulting in maximum cargo capacity of up to 5,000 pounds and a range of up to 150 miles.

Attendees of ACT Expo are encouraged to visit GreenPower’s booth #1230 to experience its one-stop-shop approach and learn more about how it can revolutionize their fleet operations.

GreenPower executives will be available for one-on-one meetings and media interviews throughout the show. For additional information or to schedule a one-on-one meeting with management, please contactgreenpower@skyya.com.

OnMay 9, 2024GreenPower announced the closing of aUS$2.3 millionpublic offering underwritten by Maxim Group LLC (“Maxim”). Maxim received an underwriting fee of$162,803, or 7.0% of gross proceeds, plus reimbursem*nt of certain expenses, for underwriting the offering.