NextNRG, Inc. has appointed Gary M. Goldfarb as Chairman of its Advisory Board to enhance commercialization strategies.
Quiver AI Summary
NextNRG, Inc. has entered into a strategic advisory agreement with Goldfarb Management Services, appointing Gary M. Goldfarb as Chairman of its new Advisory Board. Goldfarb, an expert in global logistics and supply chain innovation, brings over 50 years of experience in the field, including notable roles at The World Trade Center Miami and Interport Logistics. His expertise will assist NextNRG in developing and commercializing its AI-driven energy solutions such as smart microgrids and wireless EV charging, which aim to transform energy management in commercial and industrial facilities. The formation of the Advisory Board is intended to bolster NextNRG’s market strategies and partnerships, aligning with the company’s objectives to enhance energy efficiency and support the transition to sustainable energy solutions.
Potential Positives
- NextNRG has established a strategic advisory agreement with Gary M. Goldfarb, a recognized authority in global logistics and supply chain, which could enhance the company's market position and strategic partnerships.
- The formation of the Advisory Board is a significant step in NextNRG’s corporate development strategy, indicating a commitment to growth and infrastructure improvement within commercial and industrial energy sectors.
- Goldfarb's extensive experience and network in operational infrastructure and international trade could lead to valuable insights and opportunities for NextNRG's innovative energy solutions, particularly in commercialization and market entry strategies.
- The press release highlights NextNRG's innovative technology, including wireless charging systems and smart microgrids, which positions the company well within the growing market for efficient energy management and distribution solutions.
Potential Negatives
- The announcement of the strategic advisory agreement may suggest that the company is seeking external expertise, which could imply a lack of confidence in internal capabilities or strategy.
- NextNRG's forward-looking statements indicate that the company's future performance is subject to significant risks and uncertainties, potentially raising concerns among investors about its ability to achieve its stated goals.
- The reliance on Gary M. Goldfarb’s connections and experience in logistics might indicate that the company is heavily dependent on external relationships for its growth, which can be seen as a vulnerability if those partnerships do not materialize as expected.
FAQ
What is NextNRG, Inc. known for?
NextNRG, Inc. is a pioneer in AI-driven energy innovation, focusing on smart microgrids, wireless EV charging, and mobile fuel delivery.
Who is Gary M. Goldfarb?
Gary M. Goldfarb is the newly appointed Chairman of NextNRG's Advisory Board, with extensive experience in logistics and supply chain management.
What does the Advisory Board do at NextNRG?
The Advisory Board provides guidance on commercialization strategy, market entry planning, and strategic partner engagement to enhance NextNRG's initiatives.
How does NextNRG's wireless charging technology work?
NextNRG's wireless charging technology offers seamless power solutions for operation in warehouses, eliminating the need for traditional plug-in systems.
What are NextNRG's future plans?
NextNRG aims to commercialize AI-driven platforms and expand its energy solutions across infrastructure and industrial sectors.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
MIAMI, July 02, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered through its Next Utility Operating System ® , smart microgrids, wireless EV charging, and mobile fuel delivery, today announced a strategic advisory agreement with Goldfarb Management Services, LLC. As part of the agreement, Gary M. Goldfarb, a recognized authority in global logistics and supply chain innovation, has been appointed Chairman of NextNRG’s newly established Advisory Board.
Mr. Goldfarb is Chairman of the Board of The World Trade Center Miami and past Chairman of the Board of the Miami-Dade Beacon Council. He is currently Chief Strategy Officer at Interport Logistics and a board member of Global Empowerment Mission, bringing decades of experience in operational infrastructure, international trade and market expansion. Mr. Goldfarb helped revitalize The Miami Free Zone, driving occupancy above 96% and growing trade volume to nearly $1 billion at its peak. He also developed and obtained patents for software solutions for international logistics (From2.com) and holds advisory roles with organizations including the World Trade Center Miami and Florida International University’s Engineering Master’s ELE Program. He brings more than 50 years of experience in international trade and supply chain management.
"Our mission at NextNRG is to reimagine how energy is generated, managed and delivered," said Michael D. Farkas, Executive Chairman and CEO of NextNRG. "Gary's extensive background in logistics, distribution centers, and manufacturing operations, combined with his industry relationships, will be instrumental as we pursue strategic partnerships and business development initiatives aimed at powering commercial and industrial facilities with distributed energy generation, advanced smart grid technologies, and our revolutionary dynamic wireless charging solutions for industrial equipment and robotics."
NextNRG's innovative portfolio includes cutting-edge wireless charging technology specifically designed for industrial and commercial facility operations. The company's patented wireless charging systems provide seamless power solutions for warehouse equipment, forklifts, automated robotics, and fleet vehicles within manufacturing and distribution centers. These compact, efficient charging solutions eliminate the need for traditional plug-in infrastructure on factory floors and in logistics facilities, enabling continuous operations while reducing maintenance costs and safety hazards. NextNRG's smart microgrid technology integrates seamlessly with these wireless charging systems, creating intelligent power ecosystems that optimize energy distribution across entire commercial facilities.
Under the agreement, Mr. Goldfarb and his firm will advise on commercialization strategy, market entry planning and strategic partner engagement, leveraging his deep connections within the logistics, manufacturing, and distribution sectors. As Chairman of the Advisory Board, Mr. Goldfarb will help guide the company's efforts to bring intelligent, resilient energy solutions to commercial and industrial facilities across new regions and market segments.
"I'm excited to support a company that's leading the way in smart, decentralized energy systems for commercial and industrial applications," said Gary M. Goldfarb. "NextNRG is building the kind of adaptive infrastructure that modern warehouses, distribution centers, and manufacturing facilities demand, and I look forward to contributing to its continued growth and impact in powering the future of industrial operations."
The formation of the Advisory Board represents a key step in NextNRG’s corporate development strategy as the company moves toward commercial deployment of its AI-driven platforms and targets high-impact opportunities across infrastructure, industrial and municipal energy sectors.
About NextNRG, Inc.
NextNRG Inc. (NextNRG) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.
At the core of NextNRG’s strategy is its Next Utility Operating System ® , which leverages AI and ML to help make existing utilities’ energy management as efficient as possible, and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, healthcare campuses, universities, parking garages, rural and tribal lands, recreational facilities and government properties, expanding energy accessibility while supporting decarbonization initiatives.
NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, providing fuel delivery while advancing efficient energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.
To find out more visit: www.nextnrg.com
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as "expect," "intends," "will," and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.
Investor Relations Contact
NextNRG, Inc.
Sharon Cohen
[email protected]