BOLLINGER MOTORS AND WABASH ANNOUNCE JOINT DEVELOPMENT TO PRODUCE LAST-MILE REFRIGERATED DELIVERY ELECTRIC TRUCK
September 21 2022 - 9:00AM
via InvestorWire -- Bollinger Motors, which recently became a
majority owned company of Mullen Automotive, Inc. (NASDAQ: MULN),
announces today it has teamed up with Wabash, a leading truck body
and trailer manufacturer, to develop a stronger, lighter,
refrigerated truck body on electric chassis.
Wabash has developed a lightweight composite technology, EcoNex™
Technology, for use in truck bodies and trailers that will
seamlessly integrate with Bollinger’s Class 4 electric chassis cab.
Wabash’s EcoNex Technology is made from composite material that is
more durable, lighter, and more thermally efficient than other
commercial products.
The companies’ unique offering includes:
- Weight savings due to Wabash’s lightweight EcoNex composite
technology
- Electrification of customer fleets utilizing Bollinger’s
all-electric chassis cab
- Increased total payload capacity due to lower overall truck
weight
- Breakthrough improvement in thermal efficiency compared to
conventional design
- Overall cost savings due to weight savings and thermal
efficiency
“Wabash’s EcoNex composite technology reduces the amount of
electricity needed to maintain cold temperatures,” said Mark
Ehrlich, VP new business development at Wabash. “The all-electric
truck we’re developing with Bollinger Motors will be highly
efficient with more uptime and less charging compared to
conventional construction.”
“I’m excited to help ‘green up’ the journey from farm to table,”
said Robert Bollinger, Founder & CEO of Bollinger Motors, who
was inspired to start the company while he owned a farm in upstate
New York. “We’re confident Wabash’s expertise in commercial
transportation, combined with Bollinger’s leadership in Class 4
electrification, will deliver a superior product for customers
looking to reduce their carbon footprints.”
On Wednesday, September 7th, 2022, Bollinger Motors become a
majority owned EV truck company of Mullen Automotive, Inc. (NASDAQ:
MULN). This is Mullen’s first EV acquisition and propels the
Company into the medium-duty truck classes 3-6, along with the B1
and B2 sport utility trucks. Learn more about the acquisition here.
Bollinger Motors is led by founder and CEO, Robert Bollinger, out
of their Oak Park, Michigan headquarters.
###
ABOUT BOLLINGER MOTORS
Founded in 2015 by Robert Bollinger, Bollinger Motors is a
U.S.-based company, headquartered in Oak Park, Michigan. Bollinger
Motors will manufacture all-electric platforms and chassis cabs for
commercial vehicles in Classes 4-6. www.BollingerMotors.com.
PRESS CONTACT BOLLINGER MOTORSValentine Oldham Principal,
Valentine PR valentine@valentinepr.com 617 721 5392
ABOUT WABASHWabash is a world-class manufacturer of
advanced engineered solutions and services for transportation,
logistics and distribution industries, with capabilities recognized
for innovation, reliability and industry expertise.
PRESS CONTACT WABASHMark EhrlichVP New Business
Development mark.ehrlich@onewabash.com
Forward-Looking Statements
Certain statements in this press release that 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 Bollinger Motors and are difficult
to predict. Examples of such risks and uncertainties include but
are not limited to whether the all-electric truck being developed
by Wabash for Bollinger Motors will be successful or achieve the
efficiencies and optimal charging contemplated. Additional examples
of such risks and uncertainties include but are not limited to: (i)
Bollinger Motors’ ability (or inability) to obtain additional
financing in sufficient amounts or on acceptable terms when needed;
(ii) Bollinger Motors’ ability to maintain existing, and secure
additional, contracts with manufacturers, parts and other service
providers relating to its business; (iii) Bollinger Motors’ ability
to successfully expand in existing markets and enter new markets;
(iv) Bollinger Motors’ 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 Bollinger Motors’ business; (viii) changes
in government licensing and regulation that may adversely affect
Bollinger Motors’ business; (ix) the risk that changes in consumer
behavior could adversely affect Bollinger Motors’ business; (x)
Bollinger Motors’ 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 Automotive, Inc., of which Bollinger Motors is
a partially-owned subsidiary, with the Securities and Exchange
Commission. Bollinger Motors anticipates that subsequent events and
developments may cause its plans, intentions, and expectations to
change. Bollinger Motors 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 Bollinger Motors’
plans and expectations as of any subsequent date.
Wire Service Contact:InvestorWire (IW)Los
Angeles, Californiawww.InvestorWire.com212.418.1217
OfficeEditor@InvestorWire.com
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