PHOENIX, Oct. 8, 2020 /PRNewswire/ -- Nikola
Corporation (NASDAQ: NKLA) today highlighted its ongoing hydrogen
and fuel-cell efforts in celebration of National Hydrogen and
Fuel-Cell Day 2020. National Hydrogen and Fuel-Cell Day was
established to recognize the progress made in fuel-cell and
hydrogen technologies as well as their potential role in a green
future. The day falls on October
8th each year in reference to the atomic weight
of hydrogen, 1.008.
"We are excited to celebrate National Hydrogen and Fuel-Cell Day
2020 by sharing our progress on our hydrogen fuel-cell technology,"
said Mark Russell, Chief Executive
Officer of Nikola. "Nikola is creating an ecosystem that integrates
next-generation truck technology, hydrogen fueling infrastructure
and maintenance. By removing commercial trucks from the carbon
equation, Nikola is fulfilling our mission of leaving the world a
better place."
Nikola, along with its strategic business partners and
suppliers, initially built Nikola Two Fuel-Cell Electric Vehicle
(FCEV) alpha prototypes for testing and demonstration in 2019.
Nikola Two FCEVs have been test-driven under extreme climate
conditions in Arizona, and have
completed a zero-emission beer delivery for Anheuser-Busch on
public roads while operating on hydrogen.
Nikola has developed core IP related to, among other things,
vehicle integration and hydrogen storage and fueling, and continues
to work with its world-class partners to develop next-generation
standard fueling hardware and advance hydrogen fuel-cell based
transportation. As previously stated, Nikola remains committed to
announcing a hydrogen station collaboration by the end of 2020, and
expects to begin testing of its FCEV beta prototypes in the first
half of 2022.
Nikola also announced its participation in today's Mission
Hydrogen Online Conference, the world's largest online hydrogen
event, along with many of the industry's leading executives,
engineers, scientists and policy makers. The presentation, "Taking
the Truck out of the Carbon Equation: Deep Dive into Alpha Fuel
Cell Truck Prototype Nikola Two & More," can be accessed under
News, Events and Presentations on Nikola's Investor Relations page
at www.nikolamotor.com/investors/.
ABOUT NIKOLA CORPORATION:
Nikola Corporation is
globally transforming the transportation industry. As a designer
and manufacturer of zero-emission battery-electric and
hydrogen-electric vehicles, electric vehicle drivetrains, vehicle
components, energy storage systems, and hydrogen station
infrastructure, Nikola is driven to revolutionize the economic and
environmental impact of commerce as we know it today. Founded in
2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit
www.nikolamotor.com or Twitter @nikolamotor.
FORWARD LOOKING STATEMENTS
Certain statements included
in this press release that are not historical facts are
forward-looking statements for purposes of the safe harbor
provisions under the Private Securities Litigation Reform Act of
1995. Forward-looking statements generally are accompanied by words
such as "believe," "may," "will," "estimate," "continue,"
"anticipate," "intend," "expect," "should," "would," "plan,"
"predict," "potential," "seem," "seek," "future," "outlook," and
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding the company's expectations regarding its
business, business model and strategy; the company's expectations
regarding its projected truck builds and related specifications;
the company's expectations for its trucks and market acceptance of
electric trucks; and market opportunity. These statements are based
on various assumptions, whether or not identified in this press
release, and on the current expectations of Nikola's management and
are not predictions of actual performance. Forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results to differ materially from the
forward-looking statements, including but not limited to general
economic, financial, legal, regulatory, political and business
conditions and changes in domestic and foreign markets; the
potential effects of COVID-19; the outcome of legal proceedings to
which Nikola is, or may become a party; failure to realize the
anticipated benefits of the recently completed business
combination; the conversion of pre-orders into binding orders;
risks related to the rollout of Nikola's business and the timing of
expected business milestones; the effects of competition on
Nikola's future business; the availability of capital; and the
other risks detailed from time to time in Nikola's reports filed
with the Securities and Exchange Commission, including its
quarterly report on Form 10-Q for the quarter ended June 30, 2020 and other documents Nikola files
with the SEC. If any of these risks materialize or our assumptions
prove incorrect, actual results could differ materially from the
results implied by these forward-looking statements. These
forward-looking statements speak only as of the date hereof and
Nikola specifically disclaims any obligation to update these
forward-looking statements.
SELL-SIDE ANALYST / INSTITUTIONAL INVESTOR
INQUIRIES:
Kim Brady
kim.brady@nikolamotor.com
MEDIA CONTACTS:
Nicole
Rose
nicole.rose@nikolamotor.com
480-660-6893
Colleen Robar
crobar@robarpr.com
313-207-5960
Tim Lynch / Scott Bisang
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
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SOURCE Nikola Corporation