REE Automotive Ltd. Files Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2022
March 28 2023 - 8:30AM
REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”), an
automotive technology leader and provider of electric vehicle (EV)
platforms, today announced that it has filed its Annual Report on
Form 20-F for the fiscal year ended December 31, 2022 with the U.S.
Securities and Exchange Commission (the “SEC”).
The report is available on the SEC’s website,
at www.sec.gov and REE’s Investor Relations website,
at https://investors.ree.auto/.
Shareholders can obtain copies of REE’s Annual
Report on Form 20-F, free of charge, by making a request within a
reasonable period of time to REE’s Investor Relations Department
at investors@ree.auto.
About REE
REE Automotive (Nasdaq: REE) is an automotive
technology company that allows companies to build any size or shape
of electric vehicle on their modular platforms. With complete
design freedom, vehicles Powered by REE are equipped with the
revolutionary REEcorner, which 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 platforms are
future proofed, autonomous capable, offer a low TCO, and
drastically reduce the time to market for fleets looking to
electrify. To learn more visit www.ree.auto.
Contacts
InvestorsKamal HamidVP Investor Relations | REE
Automotive+1 303-670-7756investors@ree.auto
MediaKeren ShemeshChief Marketing
Officermedia@ree.auto
Caution About Forward-Looking
Statements
This communication includes certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include, but are not limited to, statements regarding
REE or its management team’s expectations, hopes, beliefs,
intentions or strategies regarding the future. In addition, any
statements that refer to plans, projections, forecasts or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. The words
“aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,”
“could,” “estimate,” “expect,” “foresee,” “intends,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “project,”
“seek,” “should,” “would”, “designed,” “target” and similar
expressions (or the negative version of such words or expressions)
may identify forward-looking statements, but the absence of these
words does not mean that a statement is not forward-looking. All
statements, other than statements of historical facts, may be
forward-looking statements. Forward-looking statements in this
communication may include, among other things, statements about
REE’s strategic and business plans, technology, relationships,
objectives and expectations for our business, the impact of trends
on and interest in our business, intellectual property or product
and its future results, operations and financial performance and
condition.
These forward-looking statements are based on
information available as of the date of this communication and
current expectations, forecasts, and assumptions. Although REE
believes that the expectations reflected in forward-looking
statements are reasonable, such statements involve an unknown
number of risks, uncertainties, judgments, and other factors that
may cause our actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by forward-looking statements.
These factors are difficult to predict accurately and may be beyond
REE’s control. Forward-looking statements in this communication
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 could cause actual results to differ
include, but are not limited to: REE’s ability to commercialize its
strategic plan, including its plan to successfully evaluate,
produce and market its newest medium-duty electric box truck built
on a P7 platform, as discussed in this press release; 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 REE 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; and adverse global conditions, including macroeconomic
and geopolitical uncertainty; 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 annual report filed with the U.S. Securities and Exchange
Commission (the “SEC”) on March 28, 2023 and in subsequent filings
with the SEC.
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