REE Automotive, Ltd. Announces Date for Fourth Quarter 2021 Financial Results Release and Conference Call
February 18 2022 - 8:00AM
REE Automotive, Ltd. (NASDAQ: REE) (“REE” or the “Company”), an
automotive technology leader and provider of electric vehicle
platforms, announced today that the Company will release its fourth
quarter 2021 financial results before the NASDAQ market opens on
Thursday, March 3, 2022. A webcast and conference call will be held
on the same date at 8 a.m. ET to review the Company’s results,
discuss recent events and conduct a question-and-answer session.
Investors may submit questions in advance through
the following URL: https://app.saytechnologies.com/ree-2021-q4/.
The platform opens Feb. 24 at 8 a.m. ET and closes March 2 at 8
a.m.
The live webcast of the conference call can be
accessed on the Investors section of the Company’s website at
www.ree.auto.
The conference call will be accessible domestically
or internationally, by dialing 646-741-3167 or +44 (0) 2071928338,
respectively. Upon dialing in, please provide your details and
request to join the REE Automotive Fourth Quarter 2021 Earnings
Conference Call or reference conference code 5167698.
Following the live webcast, a replay of the
conference call can be accessed via the Events section in REE’s
Investor Relations website at https://investors.ree.auto/.
About REE
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 for fully independent
control of driving, braking and steering functions.
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 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 www.ree.auto.
Contacts
Investor RelationsLimor
GruberVP Investor Relations | REE
Automotive+972-50-5239233investors@ree.auto
MediaCaroline HutchesonHead of
Global Communications | REE
Automotive+1-252-314-2028media@ree.auto
Caution About Forward-Looking
StatementsThis communication includes forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements, other than statements of
historical facts, may be forward-looking statements. Words such as
“may,” “will,” “should,” “likely,” “anticipates,” “expects,”
“intends,” “plan,” “projects,” “believes,” “views,” “estimates,”
“future,” “allow”, “aims,” “strives,” “endeavors” and similar
expressions are used to identify these forward-looking statements.
These statements include, among other things, the Company’s
statements about the Company’s strategic and business plans,
relationships or outlook, the impact of trends on and interest in
its business, intellectual property or product and its future
results. These forward-looking statements are based on REE’s
expectations and beliefs concerning future events and involve risks
and uncertainties that may cause actual results to differ
materially from current expectations. These factors are difficult
to predict accurately and may be beyond REE’s control.
Forward-looking statements in this communication or elsewhere speak
only as of the date made and REE undertakes no obligation to update
its forward-looking statements, whether as a result of new
information, future developments or otherwise, should circumstances
change, except as otherwise required by securities and other
applicable laws. In light of these risks and uncertainties,
investors should keep in mind that results, events or developments
discussed in any forward-looking statement made in this
communication may not occur. Uncertainties and risk factors that
could affect REE’s future performance and cause results to differ
from the forward-looking statements in this release include, but
are not limited to: REE’s ability to commercialize its strategic
plan; REE’s ability to maintain and advance relationships with
current Tier 1 suppliers and strategic partners; development of
REE’s advanced prototypes into marketable products; REE’s ability
to grow and scale manufacturing capacity through relationships with
Tier 1 suppliers; REE’s estimates of unit sales, expenses and
profitability and underlying assumptions; REE’s reliance on its UK
Engineering Center of Excellence for the design, validation,
verification, testing and homologation of its products; REE’s
limited operating history; risks associated with plans for REE’s
initial commercial production; REE’s dependence on potential
suppliers, some of which will be single or limited source;
development of the market for commercial EVs; intense competition
in the e-mobility space, including with competitors who have
significantly more resources; risks related to the fact that the
Company is incorporated in Israel and governed by Israeli law;
REE’s ability to make continued investments in its platform; the
impact of the ongoing COVID-19 pandemic and any other worldwide
health epidemics or outbreaks that may arise; the need to attract,
train and retain highly-skilled technical workforce; changes in
laws and regulations that impact REE; REE’s ability to enforce,
protect and maintain intellectual property rights; REE’s ability to
retain engineers and other highly qualified employees to further
its goals; and other risks and uncertainties set forth in the
sections entitled “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in REE’s final prospectus relating to
its business combination filed with the U.S. Securities and
Exchange Commission (the “SEC”) on July 1, 2021 and in subsequent
filings with the SEC. While the list of factors discussed above and
the list of factors presented in the final prospectus are
considered representative, no such list should be considered to be
a complete statement of all potential risks and uncertainties.
Unlisted factors may present significant additional obstacles to
the realization of forward-looking statements.
REE Automotive (NASDAQ:REE)
Historical Stock Chart
From Aug 2024 to Sep 2024
REE Automotive (NASDAQ:REE)
Historical Stock Chart
From Sep 2023 to Sep 2024