Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an vitality know-how chief delivering superior electrification options for complicated industrial automobile functions, as we speak introduced it has been awarded the primary section of a multi-phase industrial program with Indigo Technologies (“Indigo”), an automotive OEM specializing in light-weight electrical autos for rideshare and supply driving concentrating on the bottom value per mile.
Recent evolution of the last-mile supply and on-demand passenger automobile sector has created a necessity for energy- and space-efficient autos that optimize fixed reloading of cargo and passengers. Indigo will launch its full dimension, FLOW present automobile later this 12 months on the Los Angeles Auto Show. The FLOW PLUS full-size present automobile will launch with completely different prototype testing variations in 2023.
“Indigo’s selection of Romeo Power showcases the joint efforts of two nimble companies that strongly believe in the advancement of this emerging market. Romeo is pleased to partner with Indigo and further demonstrate its innovative vehicles for the rideshare and delivery market,” states Lauren Webb, Romeo’s Chief Strategy and Commercial Officer.
“We are pleased to announce our OEM technology collaboration with Romeo Power,” said Greg Tarr, Indigo’s Chief Strategy Officer. “We have a great, technical collaboration with Romeo’s leadership team to develop our lightweight commercial vehicles in conjunction with Romeo’s advanced battery technology. Romeo’s battery technology is designed for a diverse and wide ranging set of vehicles, including on-road, off-road, marine, and stationary applications. Romeo’s superior Battery Management System (BMS) will be strategically important to customers, advancing Indigo’s efforts to separate itself from other purpose-built vehicles. We look forward to a valuable future of serving our mutual customer base and pioneering in the lightweight, commercial EVs sector.”
Romeo and Indigo will likely be exhibiting on the ACT Expo in Long Beach, California on May 9-12, 2022 and would welcome the chance to debate this progressive collaboration with attendees, media, and buyers.
About Romeo Power, Inc.
Founded in 2016 and headquartered in Los Angeles, California, Romeo Power (NYSE: RMO) is an vitality know-how chief delivering superior electrification options for complicated industrial automobile functions. The Company’s suite of superior battery electrical merchandise, mixed with its progressive battery administration system, delivers the security, efficiency, reliability and configurability its prospects must succeed. To sustain with every thing Romeo Power, please comply with the Company on social @romeopowerinc or go to www.romeopower.com.
About Indigo Technologies, Inc.
Indigo is delivering a completely new class of easy driving and roomy electrical autos which can be extremely environment friendly and reasonably priced for fleets and drivers. Indigo EVs have the bottom cost-per-mile and carbon footprint for its class because of its patented robotic wheels that present superior consolation and dealing with whereas maximizing usable cabin area for compact city rideshare and supply.
Forward Looking Statements
Certain statements on this press launch might represent “forward looking statements” throughout the that means of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used on this press launch, the phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of those phrases or related expressions (or the damaging variations of such phrases or expressions) are meant to determine forward-looking statements. These forward-looking statements, together with, with out limitation, specific or implied statements regarding Romeo Power’s means to develop or promote new merchandise, or to pursue prospects in new product or geographic markets, Romeo Power’s expectations relating to its future monetary efficiency, the demand for protected, efficient, reasonably priced and sustainable EV merchandise, Romeo Power’s means to supply and ship such merchandise on a industrial scale, and Romeo Power’s expectations that its prospects will adhere to contracted buy commitments on the at present anticipated timeframe should not ensures of future efficiency, situations or outcomes, and contain numerous identified and unknown dangers, uncertainties, assumptions and different vital components, lots of that are exterior Romeo Power’s administration’s management, that would trigger precise outcomes or outcomes to vary materially from these mentioned within the forward-looking statements. Important components, amongst others, which will have an effect on precise outcomes or outcomes embrace: Romeo Power’s means to execute on its plans to develop and market new merchandise and the timing of those growth applications; Romeo Power’s means to extend the dimensions and capability of its manufacturing processes; Romeo Power’s estimates of the dimensions of the markets for its merchandise; the speed and diploma of market acceptance of Romeo Power’s merchandise; the success of different competing applied sciences which will turn into out there; Romeo Power’s means to determine and combine acquisitions; Romeo Power’s potential want for and skill to safe extra capital; the efficiency of Romeo Power’s merchandise and prospects; potential litigation involving Romeo Power; demand for battery cells and provide shortages; the potential results of COVID-19; and normal financial and market situations impacting demand for Romeo Power’s merchandise. You ought to rigorously contemplate the foregoing components and the opposite dangers and uncertainties described within the Company’s filings with the SEC. If any of those dangers materialize or our assumptions show incorrect, precise outcomes may differ materially from these implied by our forward-looking statements. Forward-looking statements communicate solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and Romeo Power undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as required by legislation.
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