Tuesday, November 22, 2022

Better #Batteries- Safer and more Efficient Options in Demand: (NASDAQ: $KULR) (NYSE: $GM) (NASDAQ: $MMAT) (NASDAQ: $ENVX) @KULRTech @GM @Metamaterialtec @Enovix3D

Better #Batteries- Safer and more Efficient Options in Demand: (NASDAQ: $KULR) (NYSE: $GM) (NASDAQ: $MMAT) (NASDAQ: $ENVX) @KULRTech @GM @Metamaterialtec @Enovix3D

 

Vancouver, Kelowna, Delta, BC –November 22, 2022 - Investorideas.com, a leading investor news resource covering EV manufacturers, energy and battery stocks releases a special report  on the growing demand for safer and more efficient battery options featuring KULR Technology Group, Inc. (NYSE: KULR). As EV production ramps up, we also see an “electrification” of the world agenda in an attempt to move away from traditional fossil fuel options.

 

Read this Article featuring $KULR in full at https://www.investorideas.com/news/2022/renewable-energy/11221KULR-Battery.asp

According to an S&P Global Future of Copper report, the world may face a shortfall of between 1.6 and 9.9 million tons of copper by 2035. Even under an optimistic scenario, supply would not meet the copper demand required for net-zero emissions by 2050. An EV requires 2.5 times more copper than an ICE vehicle and the forecasted supply shortage needs a better solution than more mining. Current collectors used on the cathode and anode are made from aluminum and copper foils, respectively, and together contribute about 15% of the weight of the battery cell; the heavier copper material accounts for more than 10%.

 

This follows a general trend of global battery needs and demands seen in other recent reports saying that, “According to the latest research study, the demand for global Sodium Ion Battery Market size & share was valued at approximately USD 1120 Million in 2021 and is expected to reach USD 1317 Million in 2022 and is expected to reach a value of around USD 2899 Million by 2030, at a compound annual growth rate (CAGR) of about 11.8% during the forecast period 2022 to 2030.”

 

KULR Technology Group, Inc. (NYSE: KULR), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, recently announced the launch of its new CubeSat SmallSat Lithium-ion (Li-ion) battery pack format to further support the NASA space program and launch of Artemis. From the International Space Station and the Mars Rover Perseverance mission to the new Artemis Space Program, KULR continues its close relationship and contract with NASA helping to ensure the safety of battery systems, flight, and the exploration of space.

 

From the news: With an industry-leading position in safe battery design and testing, and as a major player in the current global electrification movement, KULR is one of few companies that has successfully achieved the stringent requirements and rigorous testing set forth by the JSC 20793 Revision D safety standard created by NASA crewed space missions. This qualification allows for KULR’s products and solutions to be utilized for the Artemis missions as well as other forthcoming, critical voyages. And, as a result of today’s mission success, KULR has established a deepened proof of concept, positioning itself to offer this battery format to customers across various commercial applications. KULR expects to begin accepting consumer orders in Q1 of 2023.

 

This follows the company’s previous announcement of entering into an agreement to provide its internal short circuit (“ISC”) battery safety and testing device to the largest automotive manufacturer in the United States. Additional information regarding the Customer pipeline can be found in the Company's latest 10-Q filing.

 

The internal short circuit testing solution reliably creates thermal runaway in lithium-ion battery trigger cells in controlled, laboratory conditions. The device does not rely on mechanically damaging the battery exterior to activate the short, as do most of the other evaluation methodologies, but instead triggers a true internal short. This makes it possible to accurately pinpoint and fix problems leading to malfunctions. This superior testing method allows KULR and its customers to more effectively test the next generation of EV batteries and bring more reliable and safer battery systems to market in a faster and more cost-effective manner.

 

The ISC technology received the prestigious R&D 100 Award in 2016 and was the runner-up for NASA invention of the year in 2017.

 

“We are at the beginning of the electrification movement and it's great to see a global automotive company fully embrace the strategic value of better testing for designing the next wave of EV battery systems,” said Michael Mo, CEO at KULR Technology. “Particularly in the wake of Hurricane Ian and the continued destruction that was caused by the explosion of EV batteries in areas affected by the storm, solutions like KULR’s ISC device are more important than ever at ensuring consumer safety across a variety of industries including electric vehicles, electric vertical take-off and landing aircrafts, maritime and more.”

 

In their recent 10Q  the company reported, “The KULR sales and marketing team has expanded its customer engagements through direct sales and their Manufacturer’s Representative team to support some East Coast customers. KULR had over 300 customer engagements by the end of Q3 2022 with some of the world’s largest industrial and commercial companies such as Lockheed Martin (NYSE: LMT) , Ball Aerospace, subsidiary of Ball Corporation (NYSE: BALL) , SAFT, subsidiary of  TotalEnergies SE (NYSE: TTE) , General Motors (NYSE: GM), Cirba, Redwood Materials, Leidos Holdings (NYSE: LDOS) , Meta Platforms Inc. (NASDAQ: META), Viridi and BOSCH. As we continue to expand our relationship with major partners such as Lockheed Martin across their product portfolio, it is expected they will be able to cross-sell and up-sell their total solution package to these customers.”

 

A recent news article in Energy and Storage, reports that General Motors Company (NYSE: GM) is partnering with one of California’s main investor-owned utilities (IOUs), Utility San Diego Gas & Electric (SDG&E), which serves 3.7 million people, to explore the potential of vehicle-to-grid and vehicle-to-home battery integration.

 

Continued: They plan to investigate the feasibility of integrating bi-directional electric vehicles (EVs) to act as an energy resource for the grid. That includes looking at the various considerations for hardware, software, processes and construction required to enable vehicle-to-grid (V2G), where energy stored in vehicles can be leveraged for the network.

 

It closely follows the launch by carmaker GM last month of a dedicated energy storage division, called GM Energy. GM Energy is offering products to the residential and commercial and industrial (C&I) battery storage market segments, along with EV charging, powered with lithium battery cells from Ultium, the company’s joint venture (JV) with LG.

 

The collaboration comes amid a wave of exploratory and pilot activity in the vehicle-to-x sector. Pacific Gas & Electric (PG&E), another of California’s IOUs, recently established the US’ first dynamic export mechanism for commercial vehicle V2G charging.

 

Meta Materials Inc. (NASDAQ:MMAT) is also looking into the EV space having recently announced it has entered into a Memorandum of Understanding ("MOU") in partnership with DuPont Teijin Films and Mitsubishi Electric Europe. Using META's PLASMAfusion®, the parties plan to scale a proprietary, high volume, roll-to-roll manufacturing system for film-based, coated copper current collectors. The film-based products will reduce battery weight and cost, improve energy efficiency, extend vehicle range, and enhance safety against the risk of battery fires (known as thermal runaway) compared to standard Li-Ion batteries for electric vehicles and other use cases.

 

"Current Li-Ion battery innovations focus mainly on extending battery range and life span. With today's climate crisis and the increased demand for Electric Vehicles, a next generation Li-Ion battery is required that is more sustainable and safer," said George Palikaras, META's President and CEO. "We are excited to form a strategic alliance with Dupont Teijin Films and Mitsubishi Electric Europe focused on scaling PLASMAfusion® in a proprietary high volume battery coating system that can reduce copper volume and provide superior functionality, reduced cost, and improved battery safety."

 

From the news :The MOU is focused on developing battery materials, such as coated copper current collectors and solid-state battery electrodes, as a multi-year project in several stages: a pilot-scale roll-to-roll system, to be followed by an industrial scale mass production line, and further development of the application to the production of solid-state batteries. META will contribute the PLASMAfusion® technology platform, system development and independent testing of finished cells; DuPont Teijin Films will develop and supply the polyester substrates, and Mitsubishi Electric Europe will contribute automation technology, expertise, and interface to machine builders.

 

Continued: META's PLASMAfusion® technology has already been demonstrated in a project funded by the UK Research and Innovation Faraday Battery Challenge. Thin layers of copper are deposited on both sides of a polyester substrate, reducing the weight of the current collector by up to 80%. Lighter weight increases energy density, extending vehicle range. The polyester inner layer acts like a fuse, helping to inhibit thermal runaway. This new battery technology can reduce the dependence on copper that is needed for the other parts of electric vehicles. With copper consumption in electric vehicles predicted to increase to 4 million tons annually by 2040, this innovation could save millions of tons of copper.

 

Enovix Corporation (NASDAQ: ENVX) also remains on trend having recently announced that it has placed the remaining purchase orders for the laser patterning and assembly line equipment of its Gen2 Autoline.

 

The Gen2 Autoline represents a step-change improvement in manufacturing of Enovix cells, with up to 10x faster throughput and a 6x improvement in changeover speeds for different size batteries relative to the Gen1 production line that went into service earlier this year in Fremont. The Gen2 Autoline will be the “copy exact” platform from which the company plans to scale up production to meet the strong demand for its advanced batteries.

 

“We prioritized getting Gen2 right with the knowledge that we have to move fast to capitalize on our opportunity to deliver a game-changing battery in an industry starved for innovation,” said Harrold Rust, Enovix Co-founder and CEO. “I’m pleased that our team has delivered on the commitment we made in our last quarterly earnings call to get these critical Gen2 purchase orders placed swiftly.”

 

Whether we are looking at long-time auto manufacturers like GM and their new energy/battery demands, or companies like KULR Technology Group working with NASA on the Artemis Project, our global and local battery needs are both a possible risk for our growingly battery dependent world and a great boon for battery manufacturers. Every crisis creates an opportunity and as EV’s continue to gain market share alongside much more ambitious projects that are literally out of this world, there is a real need for batteries that are easy to produce at scale while remaining efficient and safe.

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring KULR is a paid for news release on Investorideas.com - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Monday, November 21, 2022

The “Electrification” of the World: (NASDAQ: $KULR) (NYSE: $GM) (NASDAQ: $MMAT) (NASDAQ: $ENVX) (NYSE: $LMT) (NYSE: $BALL) (NYSE: $TTE) (NYSE: $LDOS) (NASDAQ: $META) @KULRTech @GM @Metamaterialtec @Enovix3D @LockheedMartin @BallCorpHQ @TotalEnergies @LeidosInc @Meta

The “Electrification” of the World: (NASDAQ: $KULR) (NYSE: $GM) (NASDAQ: $MMAT) (NASDAQ: $ENVX) (NYSE: $LMT) (NYSE: $BALL)  (NYSE: $TTE) (NYSE: $LDOS) (NASDAQ: $META) @KULRTech @GM @Metamaterialtec @Enovix3D @LockheedMartin @BallCorpHQ @TotalEnergies @LeidosInc @Meta

 

#Battery #Safety and #Efficiency Demands Grow Amidst Lofty Global #Environmental Goals

 



Vancouver, Kelowna, Delta, BC –November 21, 2022 - Investorideas.com, a leading investor news resource covering EV manufacturers, energy and battery stocks releases a special report  on the growing demand for safer and more efficient battery options featuring KULR Technology Group, Inc. (NYSE: KULR). As EV production ramps up, we also see an “electrification” of the world agenda in an attempt to move away from traditional fossil fuel options.

 

Read this article, featuring KULR in full at https://www.investorideas.com/news/2022/renewable-energy/11211KULR-Electrification.asp

 

According to an S&P Global Future of Copper report, the world may face a shortfall of between 1.6 and 9.9 million tons of copper by 2035. Even under an optimistic scenario, supply would not meet the copper demand required for net-zero emissions by 2050. An EV requires 2.5 times more copper than an ICE vehicle and the forecasted supply shortage needs a better solution than more mining. Current collectors used on the cathode and anode are made from aluminum and copper foils, respectively, and together contribute about 15% of the weight of the battery cell; the heavier copper material accounts for more than 10%.

 

This follows a general trend of global battery needs and demands seen in other recent reports saying that, “According to the latest research study, the demand for global Sodium Ion Battery Market size & share was valued at approximately USD 1120 Million in 2021 and is expected to reach USD 1317 Million in 2022 and is expected to reach a value of around USD 2899 Million by 2030, at a compound annual growth rate (CAGR) of about 11.8% during the forecast period 2022 to 2030.”

 

KULR Technology Group, Inc. (NYSE: KULR), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, recently announced the launch of its new CubeSat SmallSat Lithium-ion (Li-ion) battery pack format to further support the NASA space program and launch of Artemis. From the International Space Station and the Mars Rover Perseverance mission to the new Artemis Space Program, KULR continues its close relationship and contract with NASA helping to ensure the safety of battery systems, flight, and the exploration of space.

 

From the news: With an industry-leading position in safe battery design and testing, and as a major player in the current global electrification movement, KULR is one of few companies that has successfully achieved the stringent requirements and rigorous testing set forth by the JSC 20793 Revision D safety standard created by NASA crewed space missions. This qualification allows for KULR’s products and solutions to be utilized for the Artemis missions as well as other forthcoming, critical voyages. And, as a result of today’s mission success, KULR has established a deepened proof of concept, positioning itself to offer this battery format to customers across various commercial applications. KULR expects to begin accepting consumer orders in Q1 of 2023.

 

This follows the company’s previous announcement of entering into an agreement to provide its internal short circuit (“ISC”) battery safety and testing device to the largest automotive manufacturer in the United States. Additional information regarding the Customer pipeline can be found in the Company's latest 10-Q filing.

 

The internal short circuit testing solution reliably creates thermal runaway in lithium-ion battery trigger cells in controlled, laboratory conditions. The device does not rely on mechanically damaging the battery exterior to activate the short, as do most of the other evaluation methodologies, but instead triggers a true internal short. This makes it possible to accurately pinpoint and fix problems leading to malfunctions. This superior testing method allows KULR and its customers to more effectively test the next generation of EV batteries and bring more reliable and safer battery systems to market in a faster and more cost-effective manner.

 

The ISC technology received the prestigious R&D 100 Award in 2016 and was the runner-up for NASA invention of the year in 2017.

 

“We are at the beginning of the electrification movement and it's great to see a global automotive company fully embrace the strategic value of better testing for designing the next wave of EV battery systems,” said Michael Mo, CEO at KULR Technology. “Particularly in the wake of Hurricane Ian and the continued destruction that was caused by the explosion of EV batteries in areas affected by the storm, solutions like KULR’s ISC device are more important than ever at ensuring consumer safety across a variety of industries including electric vehicles, electric vertical take-off and landing aircrafts, maritime and more.”

 

In their recent 10Q  the company reported, “The KULR sales and marketing team has expanded its customer engagements through direct sales and their Manufacturer’s Representative team to support some East Coast customers. KULR had over 300 customer engagements by the end of Q3 2022 with some of the world’s largest industrial and commercial companies such as Lockheed Martin (NYSE: LMT) , Ball Aerospace, subsidiary of Ball Corporation (NYSE: BALL) , SAFT, subsidiary of  TotalEnergies SE (NYSE: TTE) , General Motors (NYSE: GM), Cirba, Redwood Materials, Leidos Holdings (NYSE: LDOS) , Meta Platforms Inc. (NASDAQ: META), Viridi and BOSCH. As we continue to expand our relationship with major partners such as Lockheed Martin across their product portfolio, it is expected they will be able to cross-sell and up-sell their total solution package to these customers.”

 

A recent news article in Energy and Storage, reports that General Motors Company (NYSE: GM) is partnering with one of California’s main investor-owned utilities (IOUs), Utility San Diego Gas & Electric (SDG&E), which serves 3.7 million people, to explore the potential of vehicle-to-grid and vehicle-to-home battery integration.

 

Continued: They plan to investigate the feasibility of integrating bi-directional electric vehicles (EVs) to act as an energy resource for the grid. That includes looking at the various considerations for hardware, software, processes and construction required to enable vehicle-to-grid (V2G), where energy stored in vehicles can be leveraged for the network.

 

It closely follows the launch by carmaker GM last month of a dedicated energy storage division, called GM Energy. GM Energy is offering products to the residential and commercial and industrial (C&I) battery storage market segments, along with EV charging, powered with lithium battery cells from Ultium, the company’s joint venture (JV) with LG.

 

The collaboration comes amid a wave of exploratory and pilot activity in the vehicle-to-x sector. Pacific Gas & Electric (PG&E), another of California’s IOUs, recently established the US’ first dynamic export mechanism for commercial vehicle V2G charging.

 

Meta Materials Inc. (NASDAQ:MMAT) is also looking into the EV space having recently announced it has entered into a Memorandum of Understanding ("MOU") in partnership with DuPont Teijin Films and Mitsubishi Electric Europe. Using META's PLASMAfusion®, the parties plan to scale a proprietary, high volume, roll-to-roll manufacturing system for film-based, coated copper current collectors. The film-based products will reduce battery weight and cost, improve energy efficiency, extend vehicle range, and enhance safety against the risk of battery fires (known as thermal runaway) compared to standard Li-Ion batteries for electric vehicles and other use cases.

 

"Current Li-Ion battery innovations focus mainly on extending battery range and life span. With today's climate crisis and the increased demand for Electric Vehicles, a next generation Li-Ion battery is required that is more sustainable and safer," said George Palikaras, META's President and CEO. "We are excited to form a strategic alliance with Dupont Teijin Films and Mitsubishi Electric Europe focused on scaling PLASMAfusion® in a proprietary high volume battery coating system that can reduce copper volume and provide superior functionality, reduced cost, and improved battery safety."

 

From the news :The MOU is focused on developing battery materials, such as coated copper current collectors and solid-state battery electrodes, as a multi-year project in several stages: a pilot-scale roll-to-roll system, to be followed by an industrial scale mass production line, and further development of the application to the production of solid-state batteries. META will contribute the PLASMAfusion® technology platform, system development and independent testing of finished cells; DuPont Teijin Films will develop and supply the polyester substrates, and Mitsubishi Electric Europe will contribute automation technology, expertise, and interface to machine builders.

 

Continued: META's PLASMAfusion® technology has already been demonstrated in a project funded by the UK Research and Innovation Faraday Battery Challenge. Thin layers of copper are deposited on both sides of a polyester substrate, reducing the weight of the current collector by up to 80%. Lighter weight increases energy density, extending vehicle range. The polyester inner layer acts like a fuse, helping to inhibit thermal runaway. This new battery technology can reduce the dependence on copper that is needed for the other parts of electric vehicles. With copper consumption in electric vehicles predicted to increase to 4 million tons annually by 2040, this innovation could save millions of tons of copper.

 

Enovix Corporation (NASDAQ: ENVX) also remains on trend having recently announced that it has placed the remaining purchase orders for the laser patterning and assembly line equipment of its Gen2 Autoline.

 

The Gen2 Autoline represents a step-change improvement in manufacturing of Enovix cells, with up to 10x faster throughput and a 6x improvement in changeover speeds for different size batteries relative to the Gen1 production line that went into service earlier this year in Fremont. The Gen2 Autoline will be the “copy exact” platform from which the company plans to scale up production to meet the strong demand for its advanced batteries.

 

“We prioritized getting Gen2 right with the knowledge that we have to move fast to capitalize on our opportunity to deliver a game-changing battery in an industry starved for innovation,” said Harrold Rust, Enovix Co-founder and CEO. “I’m pleased that our team has delivered on the commitment we made in our last quarterly earnings call to get these critical Gen2 purchase orders placed swiftly.”

 

Whether we are looking at long-time auto manufacturers like GM and their new energy/battery demands, or companies like KULR Technology Group working with NASA on the Artemis Project, our global and local battery needs are both a possible risk for our growingly battery dependent world and a great boon for battery manufacturers. Every crisis creates an opportunity and as EV’s continue to gain market share alongside much more ambitious projects that are literally out of this world, there is a real need for batteries that are easy to produce at scale while remaining efficient and safe.

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring KULR is a paid for news release on Investorideas.com - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Thursday, November 17, 2022

Breaking #EV #Stock News: Mullen (NASDAQ: $MULN) Announces Funding to Close on ELMS Assets; @Mullen_USA

Breaking #EV #Stock News: Mullen (NASDAQ: $MULN) Announces Funding to Close on ELMS Assets; @Mullen_USA

 

Existing Shareholders Invest $150 Million to Accelerate Production and Delivery of EVs

 


BREA, Calif. - November 17, 2022 (Investorideas.com Newswire) Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle (“EV”) manufacturer, announces today receipt of $150 million on Nov. 16, 2022, which will be used in part to close on ELMS assets.

 

Read this news, featuring MULN in full at https://www.investorideas.com/CO/MULN/news/2022/11171Funding-ELMS-Assets.asp

 



Mishawaka Indiana Factory for the Mullen FIVE and Bollinger B1 and B2 EVs

Mullen is now in position to fund and close on ELMS assets and complete engineering, preparation and launch of EVs.

 

"We are excited to announce today that we have the funding in place to close on the ELMS asset acquisition," said David Michery, CEO and chairman of Mullen Automotive.

 

"We expect to close quickly on the ELMS transaction. This will accelerate market introduction of our cargo van program and provide us with critical manufacturing capacity at a much lower investment than previously expected to supply the rest of our product portfolio."

 

ELMS assets include:

  • The factory in Mishawaka, Indiana, providing Mullen with the capability to produce up to 50,000 vehicles per year
  • All Intellectual Property, including all manufacturing data that is required for the assembly of the Class 1 van and Class 3 Cab Chassis
  • All inventory including finished and unfinished vehicles, part modules, component parts, raw materials, tooling
  • All property including equipment, machinery, supplies, computer hardware, software, communication equipment, data networks and all other data storage

 

"The completion of this acquisition brings together the critical enablers for our business strategy. With our Mullen, Bollinger and ELMS assets, as well as our plants, we are now in a unique position to be a leader in the new EV auto market," said Michery.

 

About Mullen

Mullen Automotive is a Southern California-based automotive company building the next-generation of premium electric vehicles (EVs) that are affordable and built entirely in the United States. With an end-to-end ecosystem that supports owners from test driving to financing and servicing through a unique hybrid dealership model, customers are supported through every aspect of EV ownership. The Mullen FIVE, the company's first electric crossover, is slated for delivery in 2024 and features an award-winning design and its patented PERSONA technology that utilizes facial recognition to personalize the driving experience for every individual. To learn more about the company, visit www.MullenUSA.com.

 

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to when the ELMS closing will occur, whether the closing will result in accelerating the Company's programs and production, whether the funding terms and the closing on ELMS assets will result in positive outcomes for shareholders. Further examples of such risks and uncertainties include but are not limited to: (i) Mullen's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen's ability to successfully expand in existing markets and enter new markets; (iv) Mullen's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen's business; (viii) changes in government licensing and regulation that may adversely affect Mullen's business; (ix) the risk that changes in consumer behavior could adversely affect Mullen's business; (x) Mullen's ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen's plans and expectations as of any subsequent date.

 

Contact:

Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

 

Mullen Automotive, Inc. (OTCQB:MULN) is a featured EV stock on

Investorideas.com

 

More info on MULN at Investorideas.com Visit: https://www.investorideas.com/CO/MULN/

 

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created:  Mullen Automotive, Inc. (MULN) is a paid featured EV stock. More details https://www.investorideas.com/About/News/Clientspecifics.asp. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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