TEL AVIV, Israel, Dec. 28, 2021 /PRNewswire/ -- REE Automotive
Ltd. (NASDAQ: REE), today announced that it is exhibiting at CES on
Jan. 5-8th in Las Vegas both in-person and virtually with an
expanded and interactive digital experience. REE will display its
functional ultra-modular EVs, electric platform prototypes and
demos of its revolutionary REEcorner™ technology with full
x-by-wire.
Daniel Barel, REE Co-Founder
& CEO: "CES is a great opportunity to showcase the full breadth
and depth of our revolutionary technology, capabilities and broad
ecosystem of partners. We have so much to share with the industry
and we've been waiting for a physical conference to meet in person
at CES. We are closely monitoring the evolving COVID-19 situation
as well as the safety measures the CTA organizers have implemented.
Innovation is paramount and therefore we believe that the best path
forward is to exhibit at CES with a reduced physical presence while
providing complete virtual access to our exhibition and demos on
the show floor and to the REE team."
REE sees a future in which EVs - ranging from commercial vans to
passenger shuttles to autonomous robo-taxis and last mile delivery
vehicles - will have REE technology at its core. The company has
already laid the foundation to make this future possible by
partnering with global leaders such as Hino Motors, Hitachi America, Magna International, JB
Poindexter and others, creating one of the most comprehensive
mobility ecosystems of its kind.
The REE display at the CES show includes:
REE-Hino Motors EV Platform & Business Alliance
The companies' joint exhibit at CES reinforces the strength of
Hino's and REE's enduring partnership and shared effort to provide
electric commercial mobility solutions geared to improve quality of
life on a global scale. REE and Hino will showcase a full-size
FlatFormer concept model, a fully-flat and modular EV platform that
is geared to serve multiple target markets, from delivery companies
to Mobility-as-a-Service. Companies are on track for hardware
prototypes by FY2022.
REEcorner™ Demo
The REEcorner™ demo highlights the performance of four functional
REEcorners™ under real-world conditions, allowing visitors to
experience the wide range of mission-specific vehicles that can be
enabled by the REEcorners™ and EV platforms.
REEcorners™ boast x-by-wire technology allowing for independent
wheel drive, steering and brake control and full EV and AV design
flexibility. Through REE's partnership with American Axle &
Manufacturing (AAM; NYSE: AXL), REE will show how REEcorners™
incorporate AAM's 3-in-1 propulsion system (Electric Drive Unit,
Inverter and Gear Reducer) to deliver unparalleled power and
control.
Leopard - Autonomous Delivery Concept Vehicle
REE will display its fully autonomous delivery vehicle concept,
Leopard, for the first time ever, based on REE's brand new,
ultra-modular vehicle platform. The vehicle features LiDAR
sensors from Innoviz Technologies (Nasdaq: INVZ), a leading
provider of high-performance, solid-state LiDAR sensors and
perception software.
Information on media availability:
- REE's Co-Founders CEO Daniel
Barel and CTO Ahishay Sardes will be available for
interviews
- The REE, Hino Motors and AAM teams will be available for joint
media interviews
- Analyst event with American Axle is scheduled for Jan. 5 at 12:15PT
- REE location: Booth #4865, West Hall
For more information about media availability, media booth tours
and news releases, please contact:
Caroline Hutcheson
Head of Communications, REE Automotive
media@ree.auto
+1-252-314-2028
About REE Automotive
REE (Nasdaq: REE) is an
automotive technology leader whose mission is to empower companies
to build any size or shape of electric or autonomous vehicle – from
Class 1 through Class 6 – for any application and any target
market. REE aims to serve as the underpinning on top of which EVs
and AVs will be built and envisions a future where EVs and AVs will
be 'Powered by REE'.
REE's revolutionary technology – the REEcorner™ – packs critical
vehicle components (steering, braking, suspension, powertrain and
control) into a single compact module positioned between the
chassis and the wheel, enabling REE to build the industry's
flattest EV platforms with more room for passengers, cargo and
batteries. REE uses x-by-wire technology to control each of the
corners of the vehicles with full drive-by-wire, brake-by-wire and
steer-by-wire.
REE's EV platforms afford complete freedom of design, enabling
auto-manufacturers, OEMs, delivery & logistic fleets,
Mobility-as-a-Service providers and new mobility players to design
mission-specific EVs and AVs based on their exact business
requirements and significantly reduce their time-to-market, lower
TCO and meet zero-carbon regulations.
Headquartered in Herzliya, Israel,
REE has an Engineering Center in the UK, as well as subsidiaries
worldwide including Japan and
Germany, and plans to open its
U.S. headquarters and first Integration Center in Austin, Texas. REE's unique CapEx-light
manufacturing model leverages Tier-1 partners' existing production
lines; the company's extensive partner ecosystem encompasses
leading names including Hino Motors (truck arm of Toyota), Magna
International, JB Poindexter, Navya and American Axle &
Manufacturing to provide a full turnkey solution.
REE's patented technology, together with its unique value
proposition, position it to break new ground in e-Mobility. For
more information visit https://www.ree.auto.
Forward-Looking Statements
This press release includes
forward-looking statements. These statements are made under the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These statements may be identified by words
such as "believes," "expects," "anticipates," "estimates,"
"projects," "intends," "should," "seeks," "future," "continue," or
the negative of such terms, or other comparable terminology.
Forward-looking statements are statements that are not historical
facts. Such forward-looking statements are subject to risks and
uncertainties, which could cause actual results to differ
materially from the forward-looking statements contained herein.
Factors that could cause actual results to differ materially
include, but are not limited to: our limited operations and need to
expand in the near future to fulfill product orders; risks
associated with obtaining orders and executing upon such orders;
the ability to protect our intellectual property; the potential
lack of market acceptance of our products; potential competition;
our inability to retain key members of our management team; our
inability to raise additional capital to fund our operations and
business plan; our inability to satisfy covenants in our financing
agreements; our inability to maintain our listing of our securities
on the Nasdaq Capital Market; our inability to satisfy our customer
warranty claims; our ability to continue as a going concern; our
liquidity and other risks and uncertainties and other factors
discussed from time to time in our filings with the Securities and
Exchange Commission ("SEC"), including our annual report on Form
10-K filed with the SEC. REE expressly disclaims any obligation to
publicly update any forward-looking statements contained herein,
whether as a result of new information, future events or otherwise,
except as required by law.
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SOURCE REE Automotive