In partnership with the City of Anaheim, the Anaheim Transportation
Network (ATN) has been awarded a two-million-dollar grant from the
Federal Transportation Administration (FTA). ATN has chosen to
partner with Arrival as the vehicle producer for this grant and
will use grant funds to replace Liquefied Natural Gas (LNG) buses
with Arrival’s American built zero-emission battery electric buses.
Arrival accelerates the global mass adoption of
electric vehicles by producing sustainable and affordable
commercial vehicles, with a substantially lower Total Cost of
Ownership (TCO). This is enabled by Arrival’s unique new method of
design and production using local Microfactories which utilise the
company’s in-house technologies, including software, hardware and
robotics. Arrival’s first Microfactory in the United States is
located in Rock Hill, South Carolina, where the buses for ATN will
be produced. Arrival currently has two microfactories in the US in
Rock Hill, South Carolina and Charlotte, North Carolina, and
intends to deploy Microfactories all over the country.
“In addition to ATN’s own investments, we have
been actively seeking grant funding opportunities to ensure we can
meet our goal of becoming California’s first all-electric bus fleet
by 2025. This investment brings us that much closer,” said Diana
Kotler, ATN Executive Director. “We want to thank Congressman Lou
Correa for his support of his important effort to provide
sustainable and clean-air public transportation options to our
community.”
Funds provided as part of the FTA’s Low or
No-Emission (Low-No) Bus Program Projects will assist in the
purchase of five 100% zero emission, battery-powered, 40’ buses,
providing significant environmental benefits for Orange County
residents and visitors. The project also includes workforce
development programs. ATN will partner with local community
colleges that have Electrical and Mechanical Engineering programs
to provide internships to eligible students for workforce
experience in the emerging zero-emission transportation
industry.
“We are so pleased that ATN has chosen Arrival
to support its transition to an entirely electric bus fleet and
have been impressed with its commitment to sustainability,
including its solar powered charging depot,” said Mike Ableson, CEO
Arrival Automotive. “The Arrival Bus will change the face of public
transportation when it hits the roads, making bus journeys clean,
efficient, equitable and enjoyable for riders, drivers and
operators. Our first order from a US transit operator is just the
beginning, and we look forward to bringing the US produced Arrival
Bus to cities and people all over the USA.”
ATN’s public transportation network plays an
important role in connection of residents, visitors and employees
to numerous regional employment centers. In addition, ATN connects
riders through the county’s regional transit hub, Anaheim Regional
Transportation Intermodal Center (ARTIC), to Metrolink commuter
services and the interstate Amtrak system. ATN’s service is
available seven days a week and tickets are available for instant
purchase via ATN’s RideART mobile app. Prepaid ART passes grant
access to any route in the ART system.
About Arrival
Arrival (NASDAQ: ARVL), a joint stock company
(société anonyme) governed by the laws of the Grand Duchy of
Luxembourg, is reinventing the automotive industry with its unique
method to the design and assembly of electric vehicles. Low CapEx,
rapidly scalable Microfactories combined with proprietary in-house
developed components, materials and software, enable the production
of best in class vehicles competitively priced to fossil fuel
variants and with a substantially lower total cost of ownership.
This transformative approach provides cities globally with the
solutions they need to create sustainable urban environments and
exceptional experiences for their citizens. Arrival is a global
business founded in 2015 with offices in Luxembourg, London, UK and
Charlotte, North Carolina, USA, Germany, Israel, the Netherlands
and Russia, with more than 1,900 global employees. The company is
deploying its first four Microfactories in North Carolina, USA,
South Carolina, USA, Bicester, UK and Madrid, Spain.
About Anaheim Transportation Network (ATN)
Operating as the flagship program of the Anaheim
Transportation Network (ATN), Anaheim Resort Transportation (ART)
and Free Rides Around the Neighborhood (FRAN) is a network of
interchangeable transit and microtransit routes with service to
more than 70 stops in-and-around Anaheim and Orange County. ATN
transports more than 9.5 million patrons each year using a fleet of
81 buses and 10 microtransit vehicles, all of which are certified
clean-fuel vehicles running on either natural gas or electric
operating platforms.
Forward Looking Statements This
press release contains certain forward-looking statements within
the meaning of the federal securities laws, including statements
regarding the products offered by Arrival and the markets in which
it operates, Arrival’s ability to produce electric commercial
vehicles, expectations regarding Arrival’s ability to enable AD and
ADAS features in the Arrival Bus and Van, expectations regarding
the mass adoption of EVs, expectations regarding the benefits of
the collaboration between Arrival and Ambarella and expectations
regarding the benefits of Arrival’s Microfactories. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Such statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and are based on management’s belief or interpretation
of information currently available. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including, but not
limited to: (i) the impact of COVID-19 on Arrival’s business; (ii)
the risk of downturns and the possibility of rapid change in the
highly competitive industry in which Arrival operates, (iii) the
risk that Arrival and its current and future collaborators are
unable to successfully develop and commercialize Arrival’s products
or services, or experience significant delays in doing so, (iv) the
risk that Arrival may never achieve or sustain profitability; (v)
the risk that Arrival experiences difficulties in managing its
growth and expanding operations, (vi) the risk that third-parties
suppliers and manufacturers are not able to fully and timely meet
their obligations; (vii) the risk that the utilization of
Microfactories will not provide the expected benefits due to, among
other things, the inability to locate appropriate buildings to use
as Microfactories, Microfactories needing a larger than anticipated
factory footprint, and the inability of Arrival to deploy
Microfactories in the anticipated time frame; (viii) the risk that
the orders that have been placed for vehicles, including the order
from UPS, are cancelled or modified; (ix) the risk of product
liability or regulatory lawsuits or proceedings relating to
Arrival’s products and services; and (x) the risk that Arrival will
need to raise additional capital to execute its business plan,
which may not be available on acceptable terms or at all; and (xi)
the risk that Arrival is unable to secure or protect its
intellectual property. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in the “Risk Factors”
section of Arrival’s annual report on Form 20-F filed with the U.S.
Securities and Exchange Commission (the “SEC”) on April 30, 2021
and other documents filed by Arrival with the SEC from time to
time. Readers are cautioned not to put undue reliance on
forward-looking statements, and Arrival assumes no obligation and
does not intend to update or revise these forward-looking
statements, whether as a result of new information, future events,
or otherwise. Arrival does not give any assurance that Arrival will
achieve its expectations.
Media contact, Arrival Rachael CharltonTel.:
+44 7803 438 393Email.: pr@arrival.com
Media Contact, Anaheim Transportation
NetworkMelinda AndradeTel.: (949) 378-8174Email:
melinda@toddpriest.com
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