PHOENIX, Jan. 6, 2022 /PRNewswire/ -- Nikola
Corporation (Nasdaq: NKLA), a global leader in zero-emissions
transportation and energy infrastructure solutions, today announced
a collaboration with Saia LTL Freight (Saia), a less-than-truckload
(LTL) company, to accelerate the implementation of heavy-duty
electric transportation trucks. This collaboration includes a
Letter of Intent (LOI) to purchase or lease 100 Nikola Tre heavy-duty battery electric vehicles
(BEVs) following the satisfactory completion of a
demonstration program.
The demonstration program will include three BEV trucks to be
operated in separate locations across the Saia network and is
expected to begin in the first half of 2022. Deliveries of
100 production vehicles are intended to occur between 2022 and 2024
with the initial 25 targeted for 2022.
"We are thrilled that Saia has chosen to work with us," said
Nikola President, Energy and
Commercial Pablo Koziner. "Saia is a leader in the freight and
logistics industry, and will be a key development partner for
Nikola. This announcement represents another milestone in our
continuous progress towards the delivery of zero-emissions
vehicles, energy solutions and the sales and service network
required to support our valued customers."
As a leading transportation provider who has been in operation
for nearly 100 years, Saia is committed to reducing the operational
impact on the environment through sustainable business practices,
equipment optimization and corporate efficiencies. Making
substantial investments and process improvements is a main goal of
Saia. The Nikola Tre BEV will further this commitment as they
continuously improve the fuel economy of the Saia fleet to reduce
the carbon imprint and minimize their use of resources.
"We are excited to partner with Nikola Corporation as we work to
integrate battery-electric trucks into our tractor fleet," said
Saia President and CEO Fritz Holzgrefe. "We are deeply committed to
conducting our business operations in a responsible and sustainable
manner, reducing our impact on the environment while still
providing our customers with exceptional service."
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.
ABOUT SAIA
Saia Inc. (Nasdaq: SAIA) offers customers a wide range of
less-than-truckload, non-asset truckload, expedited and logistics
services. With headquarters in Johns Creek, Georgia, Saia LTL Freight operates 176
terminals across the country and employs over 11,000 people. Saia
LTL Freight has been recognized by the American Trucking
Associations Safety Management Council for its outstanding safety
record as well as by the Environmental Protection Agency's SmartWay
program for its efforts to reduce its environmental impact. For
more information on Saia Inc., visit saia.com.
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 potential benefits of collaboration
between Nikola and Saia; the ability of Nikola's vehicles to assist
customers improve driver experience, reduce their carbon
imprint and use of recourses and increase efficiency of their
operations; the company's expectations regarding its business, its
manufacturing timeline, the general business model and strategy;
the company's expectations for its trucks, the trucks' anticipated
performance metrics and market acceptance of electric trucks, both
BEV and FCEV; 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, the
ultimate execution of definitive documentation; failure to realize
the anticipated benefits or objectives of the definitive
documentation; 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, regulatory and judicial proceedings to which Nikola is, or
may become a party; demand for and customer acceptance of Nikola's
trucks; risks associated with development and testing of fuel-cell
power modules and hydrogen storage systems; 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; risks associated with changes in
accounting treatment or accounting standards; and the other risks
detailed from time to time in reports Nikola files with the
Securities and Exchange Commission, including its quarterly report
on Form 10-Q for the quarter ended September
30, 2021. 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.
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