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Orange EV Names Current President Kurt Neutgens as CEO and Strengthens Leadership Team with Antonio Alva Assuming New COO Role

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Co-Founder Wayne Mathisen Transitions to Board Advisor After Fourteen Years Leading the Manufacturer’s Growth and Market Disruption

KANSAS CITY, Kan., June 30, 2026 /PRNewswire/ — Orange EV today announced that Kurt Neutgens, Co-founder, President, and Chief Technology Officer, has assumed the role of Chief Executive Officer. The company also announced the hiring of Antonio Alva as Chief Operating Officer. The leadership moves come as demand grows for the manufacturer’s turnkey solution for yard operations which includes purpose-built EV terminal trucks, fleet chargers, and factory-direct service.

Neutgens’ work on Orange EV began before the company was founded. He spent more than a year analyzing commercial vehicle duty cycles to identify where electrification could deliver a meaningful operational advantage over traditional diesel equipment. Rather than beginning with technology in search of an application, Neutgens focused on finding an application where EVs could solve real-world operating challenges.

That search led him to the terminal truck.

Terminal trucks offered a uniquely strong starting point for electrification: highly repeatable routes and load profiles, controlled operating environments, and a clear operational drag from diesel trucks due to fluctuating fuel costs, high downtime, and maintenance and repair unpredictability. The result was a case that fleets could validate performance, quantify total cost of ownership, and quickly build confidence to move from pilot programs to broader fleet standardization.

Wayne Mathisen, who has served as CEO since co-founding Orange EV with Neutgens in 2012, is stepping back from day-to-day leadership after fourteen years helping build Orange EV from a category-creating idea into the market leader it is today. As CEO, Mathisen helped shape Orange EV’s strategy, business model, customer relationships, and disciplined approach to growth, helping turn an early vision for electric terminal trucks into a proven commercial platform serving fleets across North America. Mathisen will continue as a board advisor, providing continuity and strategic counsel as Orange EV enters its next phase of growth.

“Wayne has been indispensable to Orange EV’s success,” said Neutgens. “When we founded the company, we shared a conviction that electric vehicles, properly designed for the right application, could create a better way to run commercial operations. For fourteen years, every significant decision, direction, and method has been shaped by a partnership built on shared standards, trust, and commitment. Wayne led Orange EV from a germ of an idea in a garage to a transformative company that modernizes an important link in the supply chain. I could not have hoped for a better business partner, and I am deeply grateful that he will remain an advisor as we continue building on what we created together.”

Since Orange EV’s founding, Neutgens and Mathisen have guided Orange EV’s growth. Neutgens focused on the company’s technology, product roadmap, manufacturing strategy, service model, and operational direction. Under his leadership, Orange EV created the electric terminal truck market and established “yard dogs” as the most validated heavy-duty commercial EV application.

“Orange EV is built around a simple idea: yard operations need a better solution than diesel terminal trucks are able to provide,” said Neutgens. “From the beginning, our focus has been helping customers make their yards more reliable, more predictable, and more efficient. That does not change. Our customers depend on us for equipment, charging, and service to help reduce operational drag in the yard. I am grateful for the trust they have placed in Orange EV, and I am committed to continuing to earn that trust every day.”

In addition to Neutgens’ new role, Orange EV continues to build out its leadership team to address growth brought on by an inflection point in the terminal truck market. Antonio Alva brings more than 25 years of executive leadership experience across complex, multi-site industrial organizations. He most recently served as COO and President at parts manufacturer MPI Products, where he had P&L responsibility across engineering, quality, service, production, and procurement, the five functions he will now lead at Orange EV.

Known for aligning cross-functional teams around measurable operating and financial results, Alva has led multiple operational success stories in demanding industrial environments. He holds an MBA from the University of Phoenix and a Bachelor of Science in Industrial and Systems Engineering from the University of Florida.

“Orange EV is at a point where execution matters as much as innovation,” said Alva. “My focus is to align engineering, quality, service, production, and procurement around the same customer outcome: reliable equipment, dependable support, and an operating model that provides uptime rates far superior to what fleets have ever experienced with their diesel terminal trucks.”

Orange EV continues to scale, with more than 2,000 electric terminal trucks deployed across hundreds of customer fleets. Those vehicles have accumulated millions of real-world operating miles and key-on hours in warehouse, distribution, manufacturing, port, rail, and logistics environments. As operators evaluate the long-term cost, uptime, maintenance demands, and fuel-price variability of diesel equipment, the terminal truck market is rapidly shifting to broader operational standardization with EVs.

Orange EV’s mission remains unchanged: to help operators modernize their yard operations with a superior financial and operational solution that includes purpose-built terminal trucks, charging solutions, and a network of factory-backed service.

The leadership moves come on the heels of the company announcing the deployment of its 2,000th truck and a historic 600-truck order earlier this spring.

About Orange EV

Orange EV is the leading manufacturer of purpose-built zero-emission terminal trucks in North America. Manufactured in Kansas City, Orange EV delivers a turnkey electrification solution that includes Class 8 EV trucks, on-site service, and chargers including the Orange Juicer™ CCS1 battery-integrated charging system, empowering fleets to deploy yard operations with superior reliability in days or weeks, not years. Surpassing 33 million miles and 12 million hours of operation across more than 41 states, Canada, and the Caribbean, savvy fleets choose Orange EV for more cost-effective, predictable operations. Visit orangeev.com.

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SOURCE Orange EV

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Flō Networks Announces Intention to Launch Public Tender Offers to Acquire Up to 100% of Controladora Axtel, S.A.B. de C.V. and Axtel, S.A.B. de C.V.

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MEXICO CITY and EL PASO, Texas, Sept. 1, 2026 /CNW/ — Transtelco Holding, Inc. (doing business as Flō Networks, or “Flō”), a U.S.-based, independent digital infrastructure provider operating its own fiber-optic network across Mexico, the Southwestern United States and Latin America, today announced its intention to launch concurrent public tender offers (ofertas públicas de adquisición, or the “Offers”) to acquire up to 100% of the outstanding shares of Controladora Axtel, S.A.B. de C.V. (“Controladora Axtel”) and up to 100% of the outstanding CPOs of Axtel, S.A.B. de C.V. (“Axtel,” and together with Controladora Axtel, the “Axtel Companies”).

Flō has received preliminary approval from the Boards of Directors of both Axtel Companies to continue the process

Flō has received preliminary approval from the Boards of Directors of both Axtel Companies to continue the process toward launching the Offers, and is working to obtain the required regulatory approvals.

The commencement of the Offers remains subject to authorization by the Comisión Nacional Bancaria y de Valores, clearance by the Comisión Nacional Antimonopolio, the receipt of any other required regulatory approvals, and the satisfaction of the applicable contractual and corporate conditions. Subject to the satisfaction of these requirements, Flō is prepared to move promptly toward commencement of the Offers. The terms and conditions of the Offers, including the applicable offering documents, will be published in accordance with Mexican securities laws and the regulations of the Bolsa Mexicana de Valores at the appropriate time.

“This is an important step in our long-term vision for Flō and for the digital infrastructure that will support Mexico’s continued economic and technological development,” said Miguel Fernandez, Chief Executive Officer of Flō Networks. “By bringing together the complementary networks, capabilities and talent of Flō and Axtel, we have an opportunity to create a stronger digital infrastructure platform with greater scale, reach and capacity to serve customers across Mexico and beyond. We believe that stronger infrastructure enables stronger businesses, greater innovation and new opportunities for the communities and economies we connect.”

The proposed acquisition would combine complementary assets and expertise to strengthen Flō’s ability to invest in network resilience, expand its portfolio of digital services and deliver greater value to businesses operating in Mexico and across the region. Flō believes the combination would create meaningful operational and commercial synergies while supporting continued investment in the infrastructure required for critical technologies for productivity and competitiveness. The transaction would also create opportunities for long-term value creation for customers, employees, shareholders, partners and the communities the companies serve.

About Flō Networks

Founded as Transtelco in 2001, Flō Networks is a leading digital infrastructure provider connecting companies on both sides of the U.S.-Mexico border and across the Americas. Flō provides comprehensive connectivity solutions and advanced cloud infrastructure to Fortune 500 companies, telecommunications providers and cable operators through a fiber-optic network spanning more than 30,000 route miles across the Southwestern United States and Mexico, with connectivity across fifteen countries throughout the Americas. For more information, visit flo.net.

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SOURCE Flō Networks

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Arista Demand Hires Jordanna Howard to Strengthen the Company’s Continued Growth

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SAN FRANCISCO, Sept. 1, 2026 /PRNewswire/ — Arista Demand, a leading provider of B2B demand generation solutions, is pleased to announce Jordanna Howard has joined the company as VP, Global Integrated Sales, effective September 1, 2026.

Prior to joining Arista Demand, Jordanna spent five years at Veritas Media Group, serving as VP of Client Services. Jordanna played a key part in growing VMG’s client portfolio and driving net-new revenue through new business partnerships, while also expanding and strengthening existing client relationships. She was instrumental in championing VMG’s reputation for white-glove service, exceptional client experiences, and long-term client success.

Jordanna joins Arista Demand as the organization continues to expand its capabilities, strengthen and build client partnerships, and help B2B organizations connect with the right prospects through results-driven demand generation and media initiatives.

“We are thrilled to welcome Jordanna to Arista Demand,” said Managing Director, Jennifer Sand. “She brings tremendous experience, energy, and a client-focused approach that aligns perfectly with how we work. Jordanna will be an important part of our continued growth, and we’re excited to have her on the team.”

In her new role, Jordanna will focus on client development, partnerships, and sales. Her experience in digital and non-traditional media will further strengthen Arista Demand’s ability to deliver innovative and integrated, measurable solutions, beyond lead gen, for clients.

“I’m excited to join Arista Demand and become part of a team that is so focused on its clients and their success,” said Howard. “I look forward to contributing to the company’s growth and helping our clients achieve meaningful results.”

Jordanna lives in Napa, California, with her partner, Jeff, and daughter, Mackie. Outside of work, she loves spending time with family and friends and is passionate about giving back.

She serves on UCSF’s Board of Directors for “All May See” vision foundation as well as sfBIG’s Board, supporting and connecting the Bay Area advertising community. Jordanna is also actively involved in her daughter’s school and is the troop leader for her local Girl Scouts Brownie troop.

About Arista Demand

Arista Demand helps B2B organizations accelerate revenue through intent targeted demand generation programs designed to connect brands with their respective audience that matter most. Through a combination of intent, 1st party data, strategy, technology, and client-focused execution, Arista Demand helps marketers build pipeline and drive measurable business results. Arista Demand brings buyers and sellers together around the globe. 

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SOURCE Arista Demand

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Reducto Unveils a Frontier Parsing Model That Makes the World’s Hardest Documents AI-Ready for 1¢ a Page

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The new r-1 model is the first in a family of document intelligence models that reduces parsing errors by up to 20% while replacing complex, multi-tool pipelines with a single model that costs up to 6× less.

SAN FRANCISCO, Sept. 1, 2026 /PRNewswire/ — Reducto today introduced r-1, a frontier document parsing model that turns complex PDFs, scans, spreadsheets, and other files into accurate, structured data for AI systems.

Reducto has already established itself as a leader in document parsing by handling the long tail of complex files that break conventional tools. Available today in preview, r-1 extends that lead—reducing errors by up to 20%, improving latency at high volumes, and bringing the all-in cost down to 1¢ per page.

Before an AI system can reason over a document, it must first understand what is on the page. That becomes difficult when meaning is encoded not only in text, but also in tables, handwriting, reading order, formatting, checkboxes, strikethroughs, and the position of content. A parser that misreads a financial table can give an AI agent the wrong numbers. One that drops a strikethrough can reverse the meaning of a contract.

Established services such as Amazon Textract and Azure Document Intelligence helped make cloud document processing widely available. But organizations working with complex documents often still combine multiple tools, models, and layers of post-processing to achieve the accuracy they need. In Reducto’s evaluations, r-1 outperformed commonly used hyper-scaler products and large LLMs on complex documents while providing a complete parse at one all-in price.

Built from the ground up and trained on some of the most challenging document data in the world, r-1 combines layout detection, reading order, tables, formatting, grounding, and granular citations in a single model. It is designed for the long tail of documents where simpler parsers break down, including dense tables, unusual layouts, low-quality scans, handwriting, watermarked content, and files that do not follow predictable templates.

By combining these capabilities, r-1 can handle an organization’s full document workload without requiring teams to route files among providers or maintain separate pipelines for different document types. Its flat price of 1¢ per page includes the complete parse, without additional model charges or feature-based multipliers.

r-1 is the first in a broader family of Reducto parsing models designed for different points on the accuracy, latency, and cost curve. Planned additions include r-1 mini, a smaller model for speed- and cost-sensitive workloads, and automatic routing that selects the right model for each page.

Organizations using another parser can receive up to $5,000 in credits to test r-1 on their most difficult documents, along with hands-on benchmarking support, at reducto.ai/migrate. r-1 is also available today in preview through a configuration flag in the Reducto Parse API.

About Reducto

Reducto is an agentic document platform that turns complex, real-world documents into structured data for AI agents and document-intensive workflows. The company has raised more than $108 million from investors including Andreessen Horowitz and First Round Capital and has processed more than a billion pages a month. Its customers include Harvey, Scale AI, Vanta, Airtable, Toast, and Fortune 10 enterprises.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/reducto-unveils-a-frontier-parsing-model-that-makes-the-worlds-hardest-documents-ai-ready-for-1-a-page-302866077.html

SOURCE Reducto

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