Arrival hand-picked by UK Government to showcase at exclusive Global Investment Summit in London
October 06 2021 - 7:01PM
Arrival (NASDAQ: ARVL), pioneer of a unique new method of design
and production of affordable electric vehicles (EVs) by local
Microfactories, today announces it has been selected by the UK
Government to showcase to leaders of the business world at the
Global Investment Summit in London.
Working towards the delivery of the Prime
Minister’s Ten Point Plan for a Green Industrial Revolution, the
Summit will be hosted by the PM and supported by members of the
Royal Family, bringing together 200 of the world’s most prominent
decision makers, C-Suite executives, and investors to the UK.
The Summit takes place on Tuesday 19th October in
Central London followed by an evening reception at Windsor Castle,
where Arrival will be featured as one of the ‘Green Dozen’: a group
of twelve companies behind the latest cutting-edge innovations that
can help cement the UK’s position as a world leading centre for
green technology, while highlighting the global positive impact of
Arrival's technologies and new method of EV manufacturing.
During the Central London event, attendees will be
able to experience Arrival’s game changing zero-emission electric
vehicles through digital experiences, and hear from Arrival’s
President, Avinash Rugoobur, as part of a panel discussion - “From
Start-Up to Unicorn: How the right business environment makes it
happen” - alongside CEOs of TransferWise, Graphcore, Darktrace, and
moderated by Eileen Burbidge, Partner at Passion Capital.
Avinash Rugoobur, President of Arrival said: “It’s
an honour to be selected by the UK Government to present Arrival at
the Global Investment Summit. Arrival’s rapid growth is a clear
reflection of the demand for more sustainable and equitable
mobility solutions for cities and governments here in the UK, and
around the world.
“We’re proud to showcase Arrival's mission and our
in-house innovations in such a prestigious setting, as we transform
the automotive industry and pioneer a radical new method of EV
design and production in local Microfactories globally.”
Minister for Investment, Gerry Grimstone said: "The
Global Investment Summit will put UK innovation on the map and
demonstrate how we can use investment to nurture technological
developments and propel our economy towards a more prosperous,
exciting future.
"Our showcase businesses show why the UK is a
global hub for green technology, and I am proud that Arrival will
be presenting their innovative zero-emission electric vehicles
through digital experiences to some of the world's most high
profile investors at the summit.
"Our industries of the future like the automotive
industry will not only help ensure a cleaner, greener planet but
also create high value jobs in Oxfordshire and across the UK."
About ArrivalArrival was
founded in 2015 with a mission to make air clean by replacing all
vehicles with affordable electric solutions - produced by local
Microfactories. Six years and over 2,000 people later, we are
driving the transition to EVs globally by creating products that
are zero-emission, more desirable, more sustainable and more
equitable than ever before. Our in-house technologies enable our
radical new method of design and production using rapidly-scalable,
local Microfactories around the world. This method facilitates
cities and governments in achieving their sustainability goals
whilst also supercharging their communities. We are a technology
company, a product company, a supply chain company, an automotive
company, a mobility company, a fintech company and a service
company - all rolled into one with a shared goal of true
sustainability. This vertically integrated business model is how we
can have the radical impact our world needs today. Arrival (NASDAQ:
ARVL) is a joint stock company governed by Luxembourg law.
Forward-looking statementsThis
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 and Arrival’s projected future results. 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 except as required by applicable
law, 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 ContactsMedia
pr@arrival.com
Investors ir@arrival.com
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