Mullen Signs Partnership with Watergen to Launch Water-from-Air Solutions for EVs
September 01 2022 - 8:30AM
via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an emerging electric vehicle (“EV”)
manufacturer, announces a signed partnership with Watergen Inc. to
develop and equip Mullen’s portfolio of electric vehicles with
technology that will produce fresh drinking water from the air for
in-vehicle consumer and commercial applications.
Watergen is a pioneering Israel-based company and a global
leader in the atmospheric drinking water devices (AWG) market,
building technology and equipment that create drinking water from
the air. The company’s solutions are the most effective and
economical way to solve the pressing issue of drinking water
scarcity in any location, at any time, and to enable the
elimination of carbon-intensive supply chains and environmentally
harmful plastic waste.
Watergen’s technology of “air to clean drinking water” for
vehicles can generate a fresh supply of hot and cold drinking water
for vehicle occupants. This technology is envisioned for Mullen’s
fleet of EV cargo vans and can be utilized in both commercial and
recreational vehicle settings. The air-to-water systems will
provide up to 5 liters of drinking water daily, directly from the
air, while the vehicle is moving and can be used as a fresh water
source for the vehicle occupants.
The agreement between the companies has been forged over recent
months, with Mullen serving as one of Watergen's design partners
for in-vehicle air-to-water technology, with the goal of Mullen
initiating vehicle testing of the new service in the first quarter
of 2023.
Steve Elbaz, VP Mobility, Watergen, commented, "The cooperation
with Mullen takes us another step towards a cleaner environment and
a unique and uncompromising vehicle experience. We are working and
will continue to work for a clean future – not just for us but for
every person in this world."
“Our partnership with Watergen has been months in the making and
is a very exciting opportunity for both our companies,” said David
Michery, CEO and chairman of Mullen Automotive. “Mullen will
be the first automotive company to co-develop this technology with
Watergen for our entire portfolio of electric vehicles. The
opportunities for air-to-water vehicle applications are endless,
and Mullen is proud to partner with Watergen on this game-changing
technology.”
Mullen’s EV development portfolio includes the Mullen FIVE EV
Crossover, the Mullen ONE EV Fleet Vans and the DragonFLY Sports
Car. Mullen recently announced the “Strikingly Different” U.S. test
drive tour and will offer “Front Row” FIVE reservation holders the
first chance to test drive and experience the Mullen FIVE in
person. Mullen asks interested individuals who have not already
done so to book their FIVE reservations here in order to secure a
spot on the upcoming national tour. Further details and upcoming
progress will be shared on Mullen’s social media platforms and with
individuals who opt to stay connected here.
About MullenMullen is a Southern California-based
automotive company that owns and partners with several synergistic
businesses working toward the unified goal of creating clean and
scalable energy solutions. Mullen has evolved over the past decade
in sync with consumers and technology trends. Today, the Company is
working diligently to provide exciting EV options built entirely in
the United States and made to fit perfectly into the American
consumer’s life. Mullen strives to make EVs more accessible than
ever by building an end-to-end ecosystem that takes care of all
aspects of EV ownership.
About WatergenWatergen Inc. is an innovative Israeli
company (incorporated in Israel in 2009) that has developed a
unique, cutting-edge, patented technology through which clean
drinking water is generated from the air we breathe using
cost-effective energy consumption. Watergen’s impact is creating
both an additional clean drinking water source and accomplishing it
in the most economically efficient manner, making its unique
technology available to all. Watergen’s revolutionary technology
has presented a much-needed challenge to save human lives by
improving the quality of life for billions of people around the
world who suffer from contaminated water sources and the lack of or
shortage of a continuous supply of clean drinking water. Generating
the water directly from the air enables Watergen’s solutions to be
completely independent and autonomous, requiring no infrastructure
whatsoever but electricity, making it literally a plug-and-drink
solution aimed for everyone.
Forward-Looking StatementsCertain statements in this
press release which are not historical facts are forward-looking
statements within the meaning of Section 27A of the Securities
Exchange Act of 1934, as amended. Any statements contained in this
press release that are not statements of historical fact may be
deemed forward-looking statements. Words such as "continue,"
"will," "may," "could," "should," "expect," "expected," "plans,"
"intend," "anticipate," "believe," "estimate," "predict,"
"potential" and similar expressions are intended to identify such
forward-looking statements. All forward-looking statements involve
significant risks and uncertainties that could cause actual results
to differ materially from those expressed or implied in the
forward-looking statements, many of which are generally outside the
control of Mullen and are difficult to predict. Examples
of such risks and uncertainties include but are not limited to
whether the Company will achieve its objectives for finishing its
engineering development within anticipated timelines; and whether
the Company’s collaborations with Watergen will be successful or
yield anticipated results. Additional examples of such risks and
uncertainties include but are not limited to:
(i) Mullen’s ability (or inability) to obtain additional
financing in sufficient amounts or on acceptable terms when needed;
(ii) Mullen's ability to maintain existing, and secure
additional, contracts with manufacturers, parts and other service
providers relating to its business;
(iii) Mullen’s ability to successfully expand in existing
markets and enter new markets; (iv) Mullen’s ability to
successfully manage and integrate any acquisitions of businesses,
solutions or technologies; (v) unanticipated operating costs,
transaction costs and actual or contingent liabilities; (vi) the
ability to attract and retain qualified employees and key
personnel; (vii) adverse effects of increased competition
on Mullen’s business; (viii) changes in government
licensing and regulation that may adversely
affect Mullen’s business; (ix) the risk that changes in
consumer behavior could adversely affect Mullen’s business;
(x) Mullen’s ability to protect its intellectual property; and
(xi) local, industry and general business and economic conditions.
Additional factors that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements can be found in the most recent annual report on Form
10-K, quarterly reports on Form 10-Q and current reports on Form
8-K filed by Mullen with the Securities and Exchange
Commission. Mullen anticipates that subsequent events and
developments may cause its plans, intentions and expectations to
change. Mullen assumes no obligation, and it specifically
disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by law.
Forward-looking statements speak only as of the date they are made
and should not be relied upon as representing Mullen’s plans and
expectations as of any subsequent date.
Contact:Mullen Automotive, Inc.+1 (714)
613-1900www.MullenUSA.com
Wire Service Contact:InvestorWire (IW) Los Angeles,
Californiawww.InvestorWire.com212.418.1217
OfficeEditor@InvestorWire.com
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