Investor

REE will organize an event for investors

  • The hybrid event will include a business update and a Q&A session with REE management
  • On-site attendance allows analysts and investors to experience firsthand REE’s fully flatbed P7 chassis fitted with a step van body by EAVX and Morgan Olson
  • Event follows initial customer testing and feedback as REE builds backlog for production start in 2023
  • The invitation-only event will take place at the American Center for Mobility in Ypsilanti, Michigan on July 28
  • The virtual webcast link will be hosted at https://investors.ree.auto/news-events/events

ANN ARBOR, Mich., June 29, 2022 (GLOBE NEWSWIRE) — REE Automotive Ltd. (REE), an automotive technology company and provider of electric vehicle (EV) chassis, today announced that it will host an event for investors and analysts on July 28 at 11 a.m. ET at the U.S. Center for Mobility in Ypsilanti, Michigan.

Just one year after announcing a partnership with EAVX, a subsidiary of JB Poindexter & Co (JBPCO), a leader in the North American market for delivery truck bodies, REE and EAVX are set to launch a new prototype step van entirely electrical and conduct customer reviews in the United States in July. The Class 5 vehicle will debut with new bodywork designed by EAVX and JBPCO subsidiary Morgan Olson, and is powered by REE’s P7 Modular Electric Chassis, making it the first all-electric step van on the market.

The step van body is a new development and will be shown for the first time on REE’s P7 chassis, which has all-wheel steering and wheel drive and is intended to power Class 3-5 vehicles. The vehicle is designed to provide unique user benefits, operational efficiency and flexibility for fleets.

The event will include a live demonstration of the vehicle, static displays of REE’s P7 chassis and REEcorner technology, as well as a business update and Q&A session with REE’s management team, including :

  • Daniel Barel, co-founder and CEO,
  • David Goldberg, Chief Financial Officer,
  • Joshua Tech, Chief Operating Officer, and
  • Peter Dow, vice president of engineering.

The event takes place during a multi-week period of evaluations of potential customers in the delivery, logistics and retail segments at two locations in the Detroit metro area.

A live audio webcast of the event will be broadcast via REE’s Investor Relations website at https://investors.ree.auto/news-events/events. The webcast link will be available two weeks before the event.

To request an invitation to the on-site event, please email [email protected]

For fleets and customers wishing to learn more about the REE P7 platform, visit https://ree.auto/segments/p7-platform/.

contacts
Investor Relations Media
Limor Gruber
VP Investor Relations | REE Automotive
+972-50-5239233
[email protected]
caroline hutcheson
Head of Global Communications | REE Automotive
+1-252-314-2028
[email protected]
Kamal Hamid
VP Investor Relations | REE Automotive
+1 303-670-7756
[email protected]

ABOUT REE AUTOMOTIVE

REE (REE) is an automotive technology leader whose mission is to enable companies to build any size or shape of electric or autonomous vehicle – from Class 1 to Class 6 – for any application and any target market. REE aims to serve as the foundation upon which electric vehicles (“EVs”) and autonomous vehicles (“AVs”) will be built and envisions a future where EVs and AVs are “powered by REE”™.

REE’s revolutionary technology – the REEcorner™ – consolidates the vehicle’s critical components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the frame and the wheel, allowing REE to build platforms Fully flat EVs with more space for passengers, cargo and batteries. REE plans to use its proprietary X-By-Wire control technology to control each REEcorner™ of vehicles with full drive-by-wire, brake-by-wire, and steer-by-wire capabilities.

REE’s electric vehicle platforms are designed to offer customers complete design freedom, enabling automakers, OEMs, delivery and logistics fleets, mobility-as-a-service providers and new players to mobility to design mission-specific electric and audio-visual vehicles based on their exact needs. business needs and significantly reduce their time to market, reduce total cost of ownership and comply with zero carbon regulations.

Based in Glil Yam, Israel, REE has an engineering center in the UK, as well as subsidiaries in Japan and Germany, and plans to open its US headquarters and first integration center in Austin, Texas. REE’s unique CapEx-light manufacturing model leverages Tier 1 partners’ existing production lines; the company’s extensive partner ecosystem includes top names including Hino Motors (truck arm of Toyota), Magna International, JB Poindexter, Navya and American Axle & Manufacturing to provide a complete turnkey solution.

REE’s patented technology, combined with its unique value proposition, positions it to innovate in the field of electric mobility. For more information, visit https://www.ree.auto.

Caution Regarding Forward-Looking Statements

This communication includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding REE’s expectations, hopes, beliefs, intentions or strategies. or its management team regarding the future. In addition, any statement that refers to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, is a forward-looking statement. The words “aim”, “anticipate”, “appear”, “approach”, “believe”, “continue”, “could”, “estimate”, “expect”, “plan”, “have the intention”, “may”, “could”, “plan”, “possible”, “potential”, “predict”, “project”, “seek”, “should”, “would” and similar expressions (or the negative version of such words or phrases) may identify forward-looking statements, but the absence of such words does not mean that a statement is not forward-looking. All statements, other than statements of historical fact, may be forward-looking statements Forward-looking statements in this communication may include, among other things, statements about REE’s strategic and business plans, technology, relationships, goals and expectations for our business, the impact of trends and interest in our business, intellectual property or product and its future results, operations ons and performance and financial condition.

These forward-looking statements are based on information available as of the date of this communication and on current expectations, forecasts and assumptions. Although REE believes that the expectations reflected in the forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments and other factors that could cause our actual results, performance or achievements to be materially different from future results, performance or performance. or achievements expressed or implied by the forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. The forward-looking statements contained in this communication speak only as of the date on which they are made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise. , if circumstances change, unless the securities otherwise require. and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that the results, events or developments discussed in any forward-looking statements made in this communication may not occur.

Uncertainties and risk factors that could affect REE’s future performance and cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan; REE’s ability to maintain and grow relationships with current Tier 1 suppliers and strategic partners; development of advanced REE prototypes into marketable products; REE’s ability to develop and scale its manufacturing capability through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK engineering center of excellence for the design, validation, verification, testing and certification of its products; REE’s limited operating history; risks associated with REE’s initial commercial production plans; REE’s dependence on potential suppliers, some of which will be single-source or limited; commercial electric vehicle market development; intense competition in the field of e-mobility, including with competitors with far more resources; risks relating to the fact that REE is incorporated in Israel and governed by Israeli law; REE’s ability to continue investing in its platform; the impact of the ongoing COVID-19 pandemic and any other global health epidemics or outbreaks that may occur; and adverse global conditions, including macroeconomic and geopolitical uncertainty; the need to attract, train and retain a highly skilled technical workforce; changes in laws and regulations impacting rare earths; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly skilled employees to achieve its objectives; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s annual report filed with the United States Securities and Exchange Commission (the “SEC ”) on March 28, 2022 and in subsequent SEC filings.

A photo accompanying this ad is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/67d8cc10-7b4b-4a50-a61b-75646bb222e6

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