^TEL AVIV, Israel, June 28, 2023 (GLOBE NEWSWIRE) — REE Automotive Ltd.
(https://ree.auto/) (Nasdaq: REE) announced today that Carlton Rose,
former Global President of Fleet Maintenance and Engineering at UPS, with
was appointed to the company’s board of directors with immediate effect.
?Mr. Rose, who has been with UPS for 42 years, is one of the most experienced and
most respected fleet managers in the world and brings invaluable expertise and
a wealth of experience at REE,” says Arik Steinberg,
Chairman of the Board of Directors of REE.?We are endorsed by his management and
Industry experience greatly benefit while sharing our long-term vision and
develop strategy.”
?I am pleased to join the REE Board of Directors at this crucial time
to join corporate development,” said Carlton Rose.?Over a number of years
I’ve watched REE grow from a startup to a company
has developed, which is based on the scaling of production as highly innovative
and commercially competitive electric vehicle solution. I
I look forward to sharing my strategic expertise and industry knowledge
as a former Global President of Fleet Maintenance and Engineering at UPS
where I manage more than 330,000 units around the world
have.”
?During my time at UPS I have developed and deployed over
16,000 low-emission and zero-emission vehicles with alternatives
fuels and advanced technologies,” continued Rose.?The
REE’s focus on innovation, electrification and automation provides a
convincing basis for accelerating electromobility in
different vehicle classes, use cases and applications. I am of it
convinced that the future holds great things and that REE will play a leading role in it
commercial EV industry.”
?It has been exactly four years since we first met Mr. Rose and his team
in Tel Aviv, where we presented the REEcorner technology to UPS,” said Daniel
Barel, co-founder and CEO of REE.?The in-depth industry knowledge of
Mr. Rose and his practical experience in introducing new technologies
will be a great asset to REE as we continue our strategic
Partnerships with industry-leading dealers and fleet customers continue
Remove.”
If you want to know more about the patented technology and the unique offer of
REE Automotive want to learn that will enable the company to create new
Visit www.ree.auto to find out more about electromobility
(http://www.ree.auto/).
media contact
Malory Van Guilder
Skyya PR for REE Automotive
+1 651-335-0585
[email protected] (mailto:[email protected])
investor contact
Kamal Hamid
VP Investor Relations | REE Automotive
+1 303-670-7756
[email protected] (mailto:[email protected])
About REE Automotive
REE Automotive (Nasdaq: REE) is an automotive technology company that
Company allows on its modular platforms electric vehicles of any
build size and shape. In addition to complete freedom in design, REE
enabled vehicles equipped with the revolutionary REEcorner, the
critical vehicle components (steering, brakes, suspension, powertrain and
control) in a single compact module that is between
chassis and wheel is positioned. This allows REE to offer the slimmest EV
Platforms in the industry with more space for passengers, cargo and batteries too
build. REE platforms are future-proof, autonomous, offer low TCO and
reduce the time to market for fleets that are going to be electrified
should, drastically. Visit www.ree.auto for more information
(http://www.ree.auto/).
Cautionary Note Regarding Forward-Looking Statements
This release contains certain forward-looking statements within the meaning of
Private Securities Litigation Reform Act of 1995. Forward-Looking Statements
include, but are not limited to, statements about expectations,
hopes, beliefs, intentions or strategies of REE or his
Management teams regarding the future. In addition, all statements that
based on plans, projections, forecasts or other characterizations
future events or circumstances, including the underlying
underlying assumptions, forward-looking statements. The words “aspire”,
“anticipate”, “appear”, “approximately”, “believe”, “continue”, “could”,
?assess”,?expect”,?foresee”,?intend”,?can”,
“possibly”, “plan”, “possible”, “potential”, “predict”,
“project”, “track”, “should”, “would”, “envisaged”, “aim” and
similar expressions (or the negative version of such words or expressions)
may identify forward-looking statements, but the absence of those words
does not mean that any statement is not forward-looking. All statements
statements that are not historical facts may constitute forward-looking statements
be. Forward-looking statements in this release may include, but are not limited to:
Statements about REE’s strategic and business plans, technology,
Relationships, goals and expectations for our business, the impact of
Trends in and interest in our business, intellectual property or
Product and its future results, operational and financial
include benefits and conditions.
These forward-looking statements are based on information available at the time
of this release, as well as current expectations, projections
and assumptions. Although REE believes that the expectations reflected in
forward-looking statements reflect, are reasonable, are such
Statements that involve an unknown number of risks, uncertainties,
assessments and other factors that may lead to
materially different from our actual results, performance or achievements
deviate from future results, performance or achievements that
expressed or implied by the forward-looking statements. This
Factors are difficult to predict accurately and may lie
beyond REE’s control. Forward-looking statements in this
Notices relate only to the date they were made and REE
assumes no obligation to update its forward-looking statements
update, be it due to new information, future developments
or for other reasons should circumstances change, unless
this is required by securities and other applicable laws. In
Given these risks and uncertainties, investors should consider that
Results, events or developments in a forward-looking
statement mentioned in this release may not come true.
Among the uncertainties and risk factors affecting the future performance of
REE and may cause actual results to differ
could include, but are not limited to: REE’s ability to execute its strategic plan
to market, including his plan to market his latest mid-size
electric panel van built on a P7 cab chassis,
successfully evaluate, produce and market as in this one
press release described; REE’s ability to maintain relationships with the
current Tier 1 suppliers and strategic partners and
to develop; the development of REE’s advanced prototypes
marketable products; REE’s ability to expand manufacturing capabilities
Expand and scale relationships with Tier 1 suppliers; the estimates
of REE in terms of sales, costs and profitability as well as the underlying
underlying assumptions; the use of its engineering center of excellence in the
United Kingdom by REE in relation to design, validation,
verification, testing and approval of its products; the limited
operational history of REE; Risks related to the plans for the first
commercial production of REE; the dependence of REE on potential
Suppliers, some of whom have only a single or limited source of supply
become; the development of the commercial electric vehicle market;
intense competition in the field of electromobility, also with competitors,
who have significantly more resources; Risks related to the
fact that REE is incorporated in Israel and governed by Israeli law;
REE’s ability to continue investing in its platform; the
Effects of the ongoing COVID-19 pandemic and others worldwide
health epidemics or outbreaks that may occur; and unfavorable
global conditions, including macroeconomic and geopolitical
Uncertainty; the need for highly qualified technical personnel
recruit, train and retain; changes in laws and regulations,
affecting REE; REE’s ability to protect intellectual property rights
enforce, protect and uphold; the ability of REE,
Engineers and other highly qualified staff adhere to its goals
to advance; and other risks and uncertainties discussed in sections
“Risk Factors” and “Cautionary Statements Regarding Forward-Looking Statements” in
REE’s annual report filed with the US Securities and Exchange Commission (the
“SEC”) was filed on March 28, 2023, and in subsequent filings with the
SEC.
A photo accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/0dad5048-7885-422f-
b639-c5cfdb9d203e/de
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