ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica"
or the "Company"), a designer and manufacturer of electric
vehicles, has extended and expanded its agreement with
Unibail-Rodamco-Westfield (URW), the premier global developer and
operator of Westfield shopping destinations.
Based on the initial success, ElectraMeccanica will extend the
lease on its current SOLO EV storefront located at
Westfield Century City in Los Angeles. In addition,
ElectraMeccanica will open a second SOLO EV
storefront in the second half of 2020 at Westfield Fashion Square,
a premier shopping center in Sherman Oaks, California. The Sherman
Oaks neighborhood in the San Fernando valley of California has a
reputation for being an amenity rich area with high-end boutiques,
restaurants and malls. The Company is continuing to evaluate
additional locations within its initial target markets across the
west coast of the United States.
“Our exceptional relationship with URW continues to progress
from the success of our first SOLO EV storefront
at Westfield Century City in Los Angeles,” said Paul Rivera, Chief
Executive Officer of ElectraMeccanica. “As we expand into our
second storefront location and beyond, we continue to improve our
marketing program to appeal to early adopters and consumers looking
for a safe, environmentally responsible and fun EV.”
“We are always looking at how to expand our offering to not only
better meet the needs of our guests, but also provide new and
one-of-a-kind experiences,” said Ruben Perez, senior vice
president, Leasing, Unibail-Rodamco-Westfield.
“SOLO will be the first electric vehicle kiosk at
a Westfield center, and with interest in EVs and alternative
transportation continuing to rise, we think it makes the perfect
addition to two of our dynamic destinations in the Los Angeles
area.”
In addition, ElectraMeccanica is announcing that Jack Austin is
retiring, and therefore, resigning from the Board of Directors.
“Jack has been an active and engaged board member and will be
missed. We are pleased to see Jack devote more time to family
and personal affairs, after so many years of public service,”
concluded Rivera.
About
Unibail-Rodamco-WestfieldUnibail-Rodamco-Westfield is the
premier global developer and operator of Flagship destinations,
with a portfolio valued at €65.3 Bn as at December 31, 2019, of
which 86% in retail, 6% in offices, 5% in convention &
exhibition venues and 3% in services. Currently, the Group owns and
operates 90 shopping centres, including 55 Flagships in the most
dynamic cities in Europe and the United States. Its centres welcome
1.2 billion visits per year. Present on 2 continents and in 12
countries, Unibail-Rodamco-Westfield provides a unique platform for
retailers and brand events and offers an exceptional and constantly
renewed experience for customers. With the support of its 3,600
professionals and an unparalleled track-record and know-how,
Unibail-Rodamco-Westfield is ideally positioned to generate
superior value and develop world-class projects. As at December 31,
2019, the Group had a development pipeline of €8.3 Bn.
Unibail-Rodamco-Westfield distinguishes itself by its Better Places
2030 agenda, that sets its ambition to create better places that
respect the highest environmental standards and contribute to
better cities. Unibail-Rodamco-Westfield stapled shares are listed
on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW),
with a secondary listing in Australia through Chess Depositary
Interests. The Group benefits from an A- rating from Standard
& Poor’s and from an A3 rating from Moody’s. For more
information, please visit www.urw.com/ Visit our Media Library at
https://mediacentre.urw.com. Follow the Group updates on Twitter
@urw_group, Linkedin @Unibail-Rodamco-Westfield and Instagram
@urw_group.
About ElectraMeccanica Vehicles Corp.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a
Canadian designer and manufacturer of environmentally efficient
electric vehicles. The company’s flagship vehicle is the innovative
purpose-built; single-seat electric vehicle called the
SOLO. This three-wheeled vehicle will
revolutionize the urban driving experience, including commuting,
delivery and shared mobility. The SOLO provides a
driving experience that is unique, trendy, fun, affordable and
environmentally friendly. InterMeccanica, a subsidiary of
ElectraMeccanica, has successfully been building high-end specialty
cars for 61 years. For more information, please visit
www.electrameccanica.com.
Safe Harbor StatementExcept for the statements
of historical fact contained herein, the information presented in
this news release and oral statements made from time to time by
representatives of the Company are or may constitute
“forward-looking statements” as such term is used in applicable
United States and Canadian laws and including, without limitation,
within the meaning of the Private Securities Litigation Reform Act
of 1995, for which the Company claims the protection of the safe
harbor for forward-looking statements. These statements relate to
analyses and other information that are based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management. Any other statements that express or
involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or
phrases such as “expects” or “does not expect”, “is expected”,
“anticipates” or “does not anticipate”, “plans, “estimates” or
“intends”, or stating that certain actions, events or results
“may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved) are not statements of historical fact and should be
viewed as forward-looking statements. Such forward looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Such risks and other factors
include, among others, the availability of capital to fund programs
and the resulting dilution caused by the raising of capital through
the sale of shares, accidents, labor disputes and other risks of
the automotive industry including, without limitation, those
associated with the environment, delays in obtaining governmental
approvals, permits or financing or in the completion of development
or construction activities or claims limitations on insurance
coverage. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that such statements will prove to be accurate
as actual results and future events could differ materially from
those anticipated in such statements. Although the Company believes
that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance
that its expectations will be achieved. Forward-looking information
is subject to certain risks, trends and uncertainties that could
cause actual results to differ materially from those projected.
Many of these factors are beyond the Company’s ability to control
or predict. Important factors that may cause actual results to
differ materially and that could impact the Company and the
statements contained in this news release can be found in the
Company’s filings with the Securities and Exchange Commission. The
Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise. Accordingly, readers should not place
undue reliance on forward-looking statements contained in this news
release and in any document referred to in this news release. This
news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities.
Company Contact:Ms. Bal Bhullar, CPA, CGA,
CRMChief Financial Officer & Director(604)
428-7656bal@electrameccanica.com
Investor Relations:Greg FalesnikManaging
DirectorMZ Group - MZ North America(949)
385-6449SOLO@mzgroup.uswww.mzgroup.us
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