DETROIT, Sept. 21,
2022 /PRNewswire/ -- 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.
Bollinger Motors and Wabash Announce Joint
Development to Produce a Last-Mile Refrigerated Delivery Electric
Truck
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
its 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.
ABOUT WABASH
Wabash 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.
http://www.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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/bollinger-motors-and-wabash-announce-joint-development-to-produce-last-mile-refrigerated-delivery-electric-truck-301629106.html
SOURCE BOLLINGER MOTORS