Us hybrid secures two contracts valued at more than $6 million

New york , may 8, 2023 /prnewswire/ -- ideanomics  (nasdaq: idex), a global company focused on accelerating the commercial adoption of zero-emission vehicles, is pleased to announce that its subsidiary us hybrid has secured two large follow-on orders for electric propulsion systems that, separately, will be used in department of defense projects and to power specialty vehicles. these two orders, valued at more than $6 million, are part of us hybrid's robust customer pipeline through the next 12-18 months, which is expected to generate more than $50 million in sales.
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