TEL AVIV, Israel, Sept. 21, 2023 (Globe NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE), an automotive engineering company and supplier of total by-wire electric powered trucks and platforms, has been included in FreightWaves’ annual FreightTech 100 list, an award spotlighting the most modern businesses in the freight engineering sector. FreightWaves provides imagined leadership and editorial written content centered on economic and modern technological know-how motorists for the freight transportation ecosystem.
“At REE, we believe that in pushing the boundaries of what is doable in the entire world of mobility,” reported Daniel Barel, CEO and co-founder of REE Automotive. “Being acknowledged as a FreightTech 100 organization not only serves a testament to the tough get the job done and commitment of our crew but also reinforces our mission to reshape the foreseeable future of fleets by means of our ground breaking REEcorner™ know-how.”
Almost 900 firms from all over the world were being nominated for this year’s award application. The 100 finalists ended up picked by a panel of journalists, analysts and authorities handpicked by FreightWaves.
Third-bash auditor Henderson, Hutcherson and and McCullough (HHM) will perform a vote between a decide on group of CEOs, field leaders and investors actively engaged in the business to further more slender down the finalists and the FreightTech 25 will be revealed during the impending F3: Future of Freight Festival, scheduled for November 7-9 in Chattanooga, Tenn.
To study far more about REE Automotive’s patented technological innovation and exceptional worth proposition that placement the corporation to crack new ground in e-mobility, take a look at www.ree.automobile.
Media Speak to
Malory Van Guilder
Skyya PR for REE Automotive
Investor Make contact with
VP Investor Relations | REE Automotive
About REE Automotive
REE Automotive (Nasdaq: REE) is an automotive know-how enterprise that makes it possible for corporations to establish any dimensions or shape of electric car on their modular platforms. With total style and design flexibility, vehicles Run by REE are outfitted with the innovative REEcorner™, which packs significant car parts (steering, braking, suspension, powertrain and management) into a single compact module positioned concerning the chassis and the wheel. With proprietary by-wire engineering for generate, steer and brake control that eliminate the need for mechanical connections, all 4 identical REEcorners™ permit REE to develop the industry’s flattest EV platforms with much more room for travellers, cargo and batteries. REE platforms are foreseeable future proofed, autonomous able, offer you a lower TCO, and significantly cut down the time to industry for fleets on the lookout to electrify. To understand a lot more take a look at www.ree.auto.
Warning About Forward-Seeking Statements
This communication contains certain forward-hunting statements inside of the indicating of the “safe harbor” provisions of the Personal Securities Litigation Reform Act of 1995, Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. Ahead-wanting statements incorporate, but are not limited to, statements concerning REE or its management team’s expectations, hopes, beliefs, intentions or approaches with regards to the potential. In addition, any statements that refer to plans, projections, forecasts or other characterizations of future gatherings or circumstances, which includes any fundamental assumptions, are ahead-on the lookout statements. The words and phrases “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “estimate,” “expect,” “foresee,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would”, “designed,” “target” and related expressions (or the adverse version of such words and phrases or expressions) may possibly identify ahead-seeking statements, but the absence of these words and phrases does not necessarily mean that a assertion is not forward-wanting. All statements, other than statements of historical specifics, may perhaps be forward-seeking statements. Forward-seeking statements in this communication may perhaps involve, among other matters, statements about REE’s strategic and business enterprise plans, technology, relationships and goals, which include its skill to fulfill certification prerequisites, the effect of developments on and curiosity in our enterprise, or products, intellectual home, REE’s expectation for development, and its foreseeable future effects, functions and fiscal performance and condition.
These forward-on the lookout statements are based mostly on REE’s existing anticipations and assumptions about future situations and are centered on at this time offered info as of the day of this communication and current anticipations, forecasts, and assumptions. While REE believes that the expectations reflected in forward-hunting statements are sensible, these types of statements involve an unfamiliar number of dangers, uncertainties, judgments, and other components that may perhaps cause our precise effects, performance or achievements to be materially various from any upcoming effects, performance or achievements expressed or implied by forward-seeking statements. These factors are challenging to predict correctly and could be past REE’s handle. Ahead-on the lookout statements in this communication talk only as of the day built and REE undertakes no obligation to update its forward-looking statements, regardless of whether as a result of new info, potential developments or if not, really should conditions change, besides as usually expected by securities and other applicable guidelines. In light-weight of these pitfalls and uncertainties, traders ought to preserve in intellect that final results, functions or developments reviewed in any ahead-hunting statement manufactured in this conversation might not happen.
Uncertainties and risk components that could influence REE’s long run general performance and could trigger true results to differ involve, but are not restricted to: REE’s capacity to commercialize its strategic strategy, like its approach to effectively evaluate, obtain regulatory acceptance, produce and market place its P7 lineup REE’s capacity to sustain and advance associations with present Tier 1 suppliers and strategic associates progress of REE’s advanced prototypes into marketable merchandise REE’s capacity to develop and scale manufacturing potential by means of relationships with Tier 1 suppliers REE’s estimates of device sales, costs and profitability and fundamental assumptions REE’s reliance on its British isles Engineering Heart of Excellence for the layout, validation, verification, tests and homologation of its solutions REE’s restricted running background dangers involved with making out of REE’s offer chain challenges involved with programs for REE’s initial commercial output REE’s dependence on prospective suppliers, some of which will be one or limited source development of the industry for business EVs pitfalls associated with facts safety breach, failure of facts safety methods and privateness worries risks connected to deficiency of compliance with Nasdaq’s minimal bid price requirement upcoming gross sales of our securities by present materials shareholders or by us could cause the sector price tag for the Class A Normal Shares to drop likely disruption of shipping routes owing to mishaps, political occasions, intercontinental hostilities and instability, piracy or acts by terrorists powerful level of competition in the e-mobility place, including with rivals who have drastically far more means hazards linked to the actuality that REE is included in Israel and ruled by Israeli law REE’s capability to make continued investments in its system the impact of the COVID-19 pandemic, curiosity price improvements, the ongoing conflict between Ukraine and Russia and any other globally wellness epidemics or outbreaks that may well occur and adverse worldwide conditions, which includes macroeconomic and geopolitical uncertainty the world financial environment, the basic current market, political and financial problems in the countries in which we work fluctuations in desire prices and international trade premiums the want to attract, educate and keep really-experienced complex workforce variations in laws and laws that effects REE REE’s capacity to implement, shield and sustain intellectual property legal rights REE’s capacity to keep engineers and other highly certified personnel to even further its goals and other dangers and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Observe Pertaining to Forward-Hunting Statements” in REE’s once-a-year report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 28, 2023 and in subsequent filings with the SEC.