Ideanomics Launches WareSmart to Help Warehouse Operators Plan and Implement Clean Fleet Technologies for ISR Compliance

• WareSmart is a free tool to help warehouse operators in the South Coast Air Quality Management District (SCAQMD) navigate ISR Rule 2305 and become compliant with the Warehouse Actions and Investments to Reduce Emissions (WAIRE) program.
• SCAQMD's new WAIRE program applies compliance and reporting requirements targeting emissions reduction of over 3,000 warehouses.
• WareSmart assists with WAIRE fee estimation supporting warehouse operators with developing scenarios to achieve compliance cost-effectively with trusted products and fleet electrification solutions that can significantly reduce or eliminate fines for operators.

NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the adoption of commercial electric vehicles (EV), today announced its new tool called WareSmart, available now at http://www.waresmart.us The web-based tool allows warehouse operators under South Coast Air Quality Management District (SCAQMD) jurisdiction to determine potential fees associated with the new Warehouse Indirect Source Rule (ISR) 2305 and the Warehouse Actions and Investments to Reduce Emissions (WAIRE) program.

Ideanomics' new WareSmart tool provides a simple platform for warehouse operators to calculate estimated points and associated fees based on self-reported operations data, making it less complicated and easily manageable to comply with ISR 2305. With a Return-on-Investment (ROI) scenario planner, warehouse operators can better analyze the short- and long-term financial implications of the WAIRE program and the benefits of electrification.

"We knew we were in a position to help warehouse operators navigate the WAIRE program since its announcement. There was a huge need for program education and guidance, scenario planning and insight into product suitability and availability to meet the new regulatory requirements. With the WareSmart tool and our team of electrification experts, we aim to help more warehouses become compliant with the new rule while potentially saving money and committing to a cleaner future," states Keith Byers, Ideanomics Senior Vice President, Commercial Development. 

The WareSmart tool supports operators with multiple warehouses and creates different operation scenarios for operators' planning purposes. The tool also allows multi-year planning scenarios to help operators estimate ISR 2305 compliance fees year-over-year and the effectiveness of fee reduction strategies as they move towards electrification.

In the WareSmart dashboard, warehouse operators have an easy-to-use platform for research and scenario planning for the integration of high-powered, zero- or near-zero-emission trucks, chargers, and renewable power generation which is customizable to their operational data and ISR 2305 compliance preferences. A team of clean fleet solutions experts is available to assist warehouse operators with understanding and implementing the clean fleet technologies identified within WareSmart.

For more information and news on Ideanomics and its operating companies, please visit https://ideanomics.com.

About Ideanomics
Ideanomics (NASDAQ: IDEX) is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation, and financial services, we provide solutions needed for the commercial world to commit to an EV future. To keep up with Ideanomics, please follow the company on social @ideanomicshq or visit https://ideanomics.com.

Safe Harbor Statement
This press release contains certain statements that may include "forward-looking statements". All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties, and include statements regarding our intention to transition our business model to become a next-generation financial technology company, our business strategy and planned product offerings, our intention to phase out our oil trading and consumer electronics businesses, and potential future financial results. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to continue as a going concern; our ability to raise additional financing to meet our business requirements; the transformation of our business model; fluctuations in our operating results; strain to our personnel management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior management; competitive pressure; our international operations; and other risks and uncertainties disclosed under the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contacts:

Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
[email protected]

Malory Van Guilder, Skyya PR for Ideanomics
[email protected]

SOURCE Ideanomics

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