REE Automotive to Ring the Opening Bell at Nasdaq on July 27th
27 Luglio 2021 - 12:12AM
Business Wire
REE Automotive (Nasdaq: REE) (“REE” or “the Company”), a leader
in e-mobility, today announced that the Company’s management team
will ring the opening bell at the Nasdaq MarketSite in Times Square
on Tuesday, July 27 at 9:00am EST to celebrate its recently
completed public listing.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210726005815/en/
(Photo: Business Wire)
REE, an automotive technology company that is building the
electric vehicle platform of the future, began trading on Nasdaq
Friday, July 23 and announced that it will open its U.S.
headquarters and first U.S. Integration Center in Austin,
Texas.
“We are thrilled for our team to celebrate our public listing
and recent momentum with the Nasdaq team," said Daniel Barel,
Co-Founder and CEO of REE. "Our becoming a public company marks a
major milestone for REE and we look forward to capitalizing on the
tremendous opportunities ahead of us. We believe that our
disruptive REEcorner™ technology and fully-flat and modular EV
platforms will be the cornerstone for the growing EV market space.
Our most recent plans to open Texas headquarters and Integration
Center will position us closer to our partners as we continue to
grow and bring our REEcorner technology to market."
Daniel Barel, REE Co-Founder and CEO, will be available for
interviews at Nasdaq to discuss the company's disruptive
technology, horizontal manufacturing approach, and established
partnerships with global industry leaders such as Magna
International, Hino Motors (a subsidiary of Toyota Motor
Corporation), American Axle, EAVX, a newly formed business unit of
JB Poindexter & Co (JBPCO) and Navya.
The market opening ceremony will occur on Tuesday, July 27, 2021
at 9:00 a.m. Eastern Time (New York) / 4pm IDT (Tel-Aviv) / 2pm
GMT+1 (London), and can be viewed live at
https://livestream.com/accounts/27896496/events/9724158
About REE
REE is an automotive technology leader creating the cornerstone
for tomorrow's zero-emission vehicles. REE’s mission is to empower
global mobility companies to build any size or shape of electric or
autonomous vehicle – from class 1 through class 6 – for any
application and any target market. Our revolutionary, award-winning
REEcorner technology packs traditional vehicle drive components
(steering, braking, suspension, powertrain and control) into the
arch of the wheel, allowing for the industry's flattest EV
platform. Unrestricted by legacy thinking, REE is a truly
horizontal player, with technology applicable to the widest range
of target markets and applications. Fully scalable and completely
modular, REE offers multiple customer benefits including complete
vehicle design freedom, more space and volume with the smallest
footprint, lower TCO, faster development times, ADAS compatibility,
reduced maintenance and global safety standard compliance.
Headquartered in Tel Aviv, Israel, with subsidiaries in the USA,
the UK and Germany, REE has a CapEx-light manufacturing model that
leverages its Tier 1 partners’ existing production lines. REE’s
technology, together with its unique value proposition and
commitment to excellence, positions REE to break new ground in
e-Mobility.
For more information visit: www.ree.auto
Caution About Forward-Looking Statements
This communication includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements, other than statements of historical facts,
may be forward-looking statements. Words such as “may,” “will,”
“should,” “likely,” “anticipates,” “expects,” “intends,” “plan,”
“projects,” “believes,” “views,” “estimates”, “future”, “allow”,
“aims”, “strives” “endeavors” and similar expressions are used to
identify these forward-looking statements. These statements
include, among other things, the Company’s statements about the
Company’s strategic and business plans, relationships or outlook,
the impact of trends on and interest in its business, intellectual
property or product and its future results. These forward-looking
statements are based on REE’s expectations and beliefs concerning
future events and involve risks and uncertainties that may cause
actual results to differ materially from current expectations.
These factors are difficult to predict accurately and may be beyond
REE’s control. Forward-looking statements in this communication or
elsewhere speak only as of the date made and REE undertakes no
obligation to update its forward-looking statements, whether as a
result of new information, future developments or otherwise, should
circumstances change, except as otherwise required by securities
and other applicable laws. In light of these risks and
uncertainties, investors should keep in mind that results, events
or developments discussed in any forward-looking statement made in
this communication may not occur. Uncertainties and risk factors
that could affect REE’s future performance and cause results to
differ from the forward-looking statements in this release include,
but are not limited to: REE’s ability to commercialize its
strategic plan; REE’s ability to maintain and advance relationships
with current Tier 1 suppliers and strategic partners; development
of REE’s advanced prototypes into marketable products; REE’s
ability to grow and scale manufacturing capacity 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 homologation of its products;
REE’s limited operating history; risks associated with plans for
REE’s initial commercial production; REE’s dependence on potential
suppliers, some of which will be single or limited source;
development of the market for commercial EVs; intense competition
in the e-mobility space, including with competitors who have
significantly more resources; risks related to the fact that the
Company is incorporated in Israel and governed by Israeli law;
REE’s ability to make continued investments in its platform; the
impact of the ongoing COVID-19 pandemic and any other worldwide
health epidemics or outbreaks that may arise; the need to attract,
train and retain highly-skilled technical workforce; changes in
laws and regulations that impact REE; REE’s ability to enforce,
protect and maintain intellectual property rights; REE’s ability to
retain engineers and other highly qualified employees to further
its goals; and other risks and uncertainties set forth in the
sections entitled “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in REE’s final prospectus relating to
its business combination filed with the U.S. Securities and
Exchange Commission (the “SEC”) on July 1, 2021 and in subsequent
filings with the SEC. While the list of factors discussed above and
the list of factors presented in the final prospectus are
considered representative, no such list should be considered to be
a complete statement of all potential risks and uncertainties.
Unlisted factors may present significant additional obstacles to
the realization of forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210726005815/en/
Media Keren Shemesh Chief Marketing Officer | REE
Automotive +972-54-5814333 media@ree.auto
Investor Relations Limor Gruber VP Investor Relations |
REE Automotive +972-50-5239233 investors@ree.auto
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