Automation Expected to Improve Efficiency by 50% and
Enhance Safety for Production of ATV and UTV Vehicles Lines
GARLAND,
Texas, July 17, 2024 /PRNewswire/ -- Massimo
Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and
distributor of powersports vehicles and pontoon boats, today
announced the adoption of a new automated vehicle assembly robot
line. The robot line is expected to
be installed in the coming weeks at its 376,000 square foot
factory in Garland, Texas to
support production of its ATV and UTV vehicles lines.
The purpose-built production line integrates an automated
flexible conveyance system utilizing Automated Guided Robots
("AGRs") that move vehicles along
the assembly line, guided through the facility along pre-determined
pathways. The AGRs replace the traditional fixed workstations for work-in-process movement
during manufacturing operations. Each Robot can be individually
controlled, enabling de-coupling from the assembly line when
needed, such as smoothing station-to-station timing imbalances.
Massimo expects the new process will increase assembly efficiency
by 50% by minimizing manual handling, decreasing labor and
enhancing safety for assembly line workers.
"The completion of the new automated assembly line and vehicle
manufacturing capabilities adds to our recent 90,000 sq. ft.
expansion to support increased production across our Motor product
vertical," said David Shan, Founder,
Chairman & CEO of Massimo. "By implementing this industry
leading automated manufacturing infrastructure, we hope to ensure Massimo can continue to
deliver the same uncompromising quality, reliability, durability
and performance our customers have come to expect, while
simultaneously adding significant efficiencies and safety
advantages to the production process. After assembly,
accessorizing, and inspection on the new production line, our
facility will be outfitted to
efficiently palletize and shrink-wrap ATVs and UTVs, enabling the
shipment of most orders to stores or distributors within three
days.
"Our recent expansion efforts are aimed at enhancing
manufacturing flexibility and increasing annual production. We believe with the increased operating
efficiencies from the new automated assembly robot line, we can
further enhance margins while continuing to grow our revenue and
expand our product line with new models and capabilities,"
concluded Shan.
About Massimo Group
Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor
of powersports vehicles and pontoon boats. Founded in 2009, Massimo
Motor believes it offers some of the most value packed UTV's,
off-road, and on-road vehicles in the industry. The company's
product lines include a wide selection of farm and ranch tested
utility UTVs, recreational ATVs, and Americana style mini-bikes.
Massimo Marine manufacturers and
sells Pontoon and Tritoon boats with a dedication to innovative
design, quality craftsmanship, and great customer service. Massimo
is also developing electric versions of UTVs, golf-carts and
pontoon boats. The company's 376,000 square foot factory is in the
heart of the Dallas / Fort Worth
area of Texas in the city of
Garland. For more information,
visit massimomotor.com and massimomarine.com.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and the use of proceeds thereof. In some cases, you
can identify forward-looking statements because they contain words
such as "anticipate," "believe," "estimate," "expect," "intend,"
"may," "predict," "project," "target," "potential," "seek," "will,"
"would," "could," "should," "continue," "contemplate," "plan," and
other words and terms of similar meaning. These forward-looking
statements include information concerning statements regarding
the effect and installation of an
automated vehicle assembly robot line, future cash needs,
future operations, business plans and future financial results; and
any other statements that are not historical facts. No assurance
can be given that the proceeds of the offering will be used as
indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of Massimo,
including those set forth in the "Risk Factors" section of
Massimo's Registration Statement on Form S-1 for the initial public
offering filed with the SEC and its other
public filings. Copies are available on the SEC's
website, www.sec.gov. Massimo undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com
Investor
Relations
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
MAMO@mzgroup.us
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SOURCE Massimo Group