NEW YORK, Sept. 23, 2020 /PRNewswire/ -- Ideanomics
(NASDAQ: IDEX) ("Ideanomics" or the "Company") is pleased
to announce the hire of Dr. Liqing
Hu as Chief Scientist for Medici Motors Works. Dr. Hu will
be based in China.
Dr. Liqing Hu is a celebrated
innovator and pioneer in the field of hydrogen energy in
China. He completed his
post-doctoral research in China,
then worked for Ballard Systems in Canada before returning to China. To read more about Dr. Hu's
distinguished career, refer to this article.
"We are very excited to announce the hire of a distinguished
executive to lead Medici Motor Works research and development
institute," said Ideanomics CEO Alf
Poor. "As well as bringing us access to fuel cell
technology, the establishment of the Medici Research Institute will
ensure that Medici Motor Works stays at the forefront of hydrogen
fuel cell and battery electric vehicle innovation."
Chief Scientist, Dr. Liqing Hu,
will lead the Medici Research Institute and manage a fuel cell
research and development team. Dr Hu and his staff have previously
designed and developed fuel cells for more than 30 national major
projects in China.
The Research Institute will mainly focus on the core components
of fuel cell membrane electrodes, bipolar plates, stacks, hydrogen
supply systems, heat dissipation systems, fuel cell engines, and
vehicle layout design and integration – all with independent
intellectual property rights. The products range from several
hundred watts to 120 kilowatts and will be applied vehicles and
vehicular products under various scenarios such as ships, backup
power sources, and combined heat and power supply.
About Ideanomics
Ideanomics is a global company
that facilitates the adoption of commercial electric vehicles and
supports next-generation financial services and fintech products.
Our electric vehicle division, Mobile Energy Global (MEG) provides
group purchasing discounts on commercial electric vehicles, EV
batteries and electricity, as well as financing and charging
solutions; we refer to this business model as sales to financing to
charging (S2F2C). Ideanomics Capital provides fintech services that
include intelligent and innovative solutions powered by AI and
blockchain. Together, MEG and Ideanomics Capital provide our global
customers and partners with more efficient solutions for a greener
economy.
The company is headquartered in New
York, NY, with offices in Beijing, Guangzhou, and Qingdao, and operations in the U.S.,
China, Ukraine, and Malaysia.
Safe Harbor Statement
This press release contains
certain statements that may include "forward looking statements".
All statements other than statements of historical fact included
herein are "forward-looking statements." These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions,
involve known and unknown risks and uncertainties, and include
statements regarding our intention to transition our business model
to become a next-generation financial technology company, our
business strategy and planned product offerings, our intention to
phase out our oil trading and consumer electronics businesses, and
potential future financial results. Although the Company believes
that the expectations reflected in such forward-looking statements
are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of risks and uncertainties, such as risks related to: our
ability to continue as a going concern; our ability to raise
additional financing to meet our business requirements; the
transformation of our business model; fluctuations in our operating
results; strain to our personnel management, financial systems and
other resources as we grow our business; our ability to attract and
retain key employees and senior management; competitive pressure;
our international operations; and other risks and uncertainties
disclosed under the sections entitled "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our most recent Form 10-K and Form 10-Q
filed with the Securities and Exchange Commission, and similar
disclosures in subsequent reports filed with the SEC, which are
available on the SEC website at www.sec.gov. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these risk
factors. Other than as required under the securities laws, the
Company does not assume a duty to update these
forward-looking statements.
Investor Relations and Media Contact
Tony Sklar, VP of Communications
55 Broadway, 19th Floor New York, New York 10006
Email: ir@ideanomics.com
Valerie Christopherson /
Lora Wilson
Global Results Communications (GRC)
+1 949 306 6476
valeriec@globalresultspr.com
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SOURCE Ideanomics