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Morgan Olson, EAVX and REE Automotive host customer

Morgan Olson, EAVX and REE Automotive host customer

  • Organizations kick-off dwell demonstrations and evaluations by future shoppers
  • Proxima sets new common in driver ease and comfort, aerodynamics and maneuverability
  • Watch Proxima in movement in this article

ANN ARBOR, Mich., July 25, 2022 (Globe NEWSWIRE) — EAVX, Morgan Olson and REE Automotive (Nasdaq: REE) are web hosting the initial reside demonstrations and shopper evaluations this week of Proxima Driven by REE, the recently declared entirely travel-by-wire stroll-in step van. The joint situations emphasize the gains of the newly-intended EAVX and Morgan Olson physique paired with REE’s entirely-flat, modular P7 chassis and x-by-wire technology.

More than the up coming a number of weeks, future clients will have the option to expertise the Proxima overall body powered by REEcorner technology and the P7 chassis. A single of the joint program’s aims is to decrease complete charge of ownership, thereby easing the transition to electric powered for fleets. It also helps fleets meet at any time-growing requires going through the industry, together with elevated consumer deliveries and ongoing driver shortages.

Further prospective added benefits consist of operational efficiencies and adaptability that can be scaled across additional purposes and courses 2b-6 for the two the system and the chassis, with modularity and style and design flexibility in mind.

Important predicted rewards of the Proxima body on REE’s P7 include its substantially improved aerodynamics, increased driver ergonomics, improved driver visibility and in general safety, improved maneuverability, and built-in technologies:

  • Almost 60% reduction in drag when combining the Proxima physique with the REE system
  • Generate-, steer-, and brake-by-wire performance gets rid of mechanical connections, decreasing underfloor turbulence and a low and flat load ground
  • A good digital infrastructure by EAVX allows all related systems through the car or truck to trade data and aid the driver.
  • Very low load flooring enables rapid, straightforward accessibility for drivers and will help reduce supply cycle instances
  • Ergonomics built with motorists of all human body sorts, with aim on each and every inside element to decrease driver distraction and enhance security and comfort and ease
  • Important driver visibility improvements coming from each overall body and chassis, boosting both of those driver and pedestrian basic safety
  • REEcorners™ minimal turning radius from all-wheel steer and torque vectoring makes sure optimal maneuverability in crowded urban zones and loading docks
  • Minimized overall fees of ownership thanks to decreased repair occasions from immediate REEcorner™ swaps and single rear tires from an ideal weight distribution of Proxima entire body and cargo

“We are thrilled to get started sharing this initial Proxima principle Run by REE, and its probable impression on the business with these consumers,” explained Mark Hope, COO and normal manager of EAVX. “Initial conversations have now been satisfied by praise from buyers massive and little throughout a range of supply segments. The purchaser evaluations this 7 days are an thrilling and important up coming phase as we transfer closer to bringing the Proxima human body to current market.”

“These activities are an amazing chance for foremost shipping providers and fleet managers to see firsthand how Proxima paired with the REE chassis can answer the call for electrification possibilities that are rapid, efficient and provide a small full cost of possession,” reported Daniel Barel, co-founder and CEO of REE. “These dwell demonstrations will express the value and efficiencies REE’s x-by-wire engineering can deliver to fleets, as effectively as the electrical power of pairing this revolutionary chassis with EAVX and Morgan Olson’s substantial-tech system. We’re so energized to get it on the street – and to assist future-evidence professional fleets as they electrify.”

Morgan Olson’s President and CEO, Mike Ownbey provides, “This new Proxima move van is yet another case in point of Morgan Olson’s legacy for furnishing the work truck business with revolutionary shipping alternatives. I’m hunting ahead to this voice of the consumer occasion and being part of this collaborative challenge with EAVX and REE Automotive.”

For fleet entrepreneurs and technologies corporations fascinated in finding out extra about Proxima or to set up a demonstration, visit https://www.lastmileevolution.com.

Media
Matt Eul
Senior Supervisor, Advertising & Communications I EAVX
641.629.0921
[email protected]

Caroline Hutcheson
Head of Worldwide Communications I REE Automotive
+1252-314-2028
[email protected]

Ken Klein
Director of Marketing and advertising & Communications | Morgan Olson
269-689-5704
[email protected]

Investors
Limor Gruber
VP Investor Relations | REE Automotive
+972-50-5239233
[email protected] 

Kamal Hamid
VP Investor Relations | REE Automotive
+1 303-670-7756
[email protected] 

About EAVX
EAVX, the most recent business enterprise device and subsidiary of JB Poindexter & Co, collaborates with the most sophisticated electric and alternative electricity chassis producers, permitting chassis partners to emphasis on their innovative and proprietary systems. EAVX and the specific small business models of JBPCO are the integration bodybuilders of selection for chassis producers serving current and potential EV and option gas marketplaces and superior vehicle technological know-how markets. Check out eavxco.com for far more info.

About Morgan Olson
Morgan Olson is the leading walk-in action van body maker in North The us, generating more than 15,000 automobiles each year. Nearly anything requested online is delivered by a Morgan Olson walk-in step van. Other very important industries served by Morgan Olson involve all important parcel package shipping organizations, laundry products and services, baking and snack foodstuff, provider & utility motor vehicles, and the at any time-growing cellular delicacies food vehicles. For much more details about Morgan Olson wander-in step vans, take a look at www.morganolson.com.

About REE Automotive
REE (Nasdaq: REE) is an automotive technological innovation chief whose mission is to empower providers to develop any dimension or form of electric or autonomous vehicle – from Course 1 as a result of Course 6 – for any application and any target market. REE aims to provide as the underpinning on top of which EVs and AVs will be created and envisions a long run exactly where EVs and AVs will be ‘Powered by REE’.

REE’s innovative technological know-how – the REEcorner™ – packs essential car components (steering, braking, suspension, powertrain and command) into a solitary compact module positioned among the chassis and the wheel, enabling REE to establish the industry’s flattest EV platforms with additional room for travellers, cargo and batteries. REE utilizes x-by-wire technologies to manage each of the corners of the automobiles with comprehensive push-by-wire, brake-by-wire and steer-by-wire.

REE’s EV platforms find the money for finish liberty of style and design, enabling vehicle-brands, OEMs, supply & logistic fleets, Mobility-as-a-Provider providers and new mobility gamers to design mission-certain EVs and AVs based mostly on their correct small business necessities and noticeably reduce their time-to-industry, decreased TCO and fulfill zero-carbon regulations.

Headquartered in Herzliya, Israel, REE has an Engineering Center in the United kingdom, as well as subsidiaries worldwide like Japan and Germany, and options to open up its U.S. headquarters and very first Integration Centre in Austin, Texas. REE’s unique CapEx-light producing product leverages Tier-1 partners’ present manufacturing strains the company’s comprehensive companion ecosystem encompasses top names including Hino Motors (truck arm of Toyota), Magna Intercontinental, JB Poindexter, Navya and American Axle & Producing to supply a full turnkey answer.

REE’s patented technologies, jointly with its exceptional value proposition, posture it to split new ground in e-Mobility.
For a lot more information and facts take a look at: https://www.ree.vehicle.

Forward Wanting Statements

This press release includes ahead-searching statements in just the meaning of the Personal Securities Litigation Reform Act of 1995. All statements, other than statements of historic info, might be forward-looking statements. Phrases such as “may,” “potential,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plan,” “projects,” “believes,” “views,” “estimates”, “future”, “allow”, “aims”, “strives” “endeavors” and related expressions are utilised to identify these ahead-seeking statements.  These statements incorporate, amid other items, statements about strategic and business enterprise plans, the Proxima entire body run by REEcorner technological know-how, the P7 chassis and the joint plan referenced herein. These forward-on the lookout statements are based on expectations and beliefs concerning long term activities and include pitfalls and uncertainties that may lead to actual outcomes to vary materially from existing expectations. Forward-on the lookout statements are only as of the day built and the functions undertake no obligation to update the ahead-wanting statements, no matter if as a end result of new info, foreseeable future developments or usually, must situations adjust, other than as otherwise necessary by securities and other relevant rules. In mild of these dangers and uncertainties, investors should really continue to keep in intellect that results, functions or developments mentioned in any ahead-on the lookout statement designed in this press release could not arise. Uncertainties and risk variables that could induce success to differ from the forward-hunting statements in this release include, but are not confined to: the capacity of the functions to convey the Proxima human body powered by REEcorner technologies and P7 chassis to current market, the effects of the customer evaluations, and other challenges and uncertainties established forth in the sections entitled “Risk Factors” and “Cautionary Take note Regarding Forward-Searching Statements” in REE’s Once-a-year Report on Sort 20-F filed with the U.S. Securities and Trade Fee (the “SEC”) on March 28, 2022 and in subsequent filings built by REE with the SEC.

Morgan Olson, EAVX and REE Automotive host customer