Romeo Power Supplies Batteries to Leader in Powertrain Performance Products
May 26 2022 - 4:30PM
Business Wire
Romeo Power announces commercial expansion into
aftermarket solutions in alignment with Company’s strategy to
support all stages of commercial vehicle electrification
Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO),
an energy technology leader delivering advanced electrification
solutions for complex commercial vehicle applications, today
announced that the Company is supplying batteries to a leader in
powertrain performance products.
“We are pleased to supply Romeo batteries to an established
provider of aftermarket solutions, marking another encouraging step
that supports our growth trajectory,” said Romeo Power’s Chief
Executive Officer Susan Brennan. “The superior energy density of
our battery packs is a natural fit for anyone interested in
optimizing the performance of an electric powertrain. Selling into
aftermarket solutions fits into our commercial strategy to support
vehicle electrification at all stages of a vehicle’s lifecycle and
serves as a solid indicator of our efforts to expand the
application of our leading technology into the growing spectrum of
vehicle electrification opportunities.”
“Our customer’s diverse portfolio of premium products to enhance
commercial and performance vehicles is an exciting opportunity to
showcase the superiority of Romeo’s technology. Our batteries offer
the power and energy needed, while staying light and compact to
complement our customer’s innovative product line,” Brennan
added.
About Romeo Power, Inc.
Founded in 2016 and headquartered in Los Angeles, California,
Romeo Power (NYSE: RMO) is an energy technology leader delivering
advanced electrification solutions for complex commercial vehicle
applications. The Company’s suite of advanced battery electric
products, combined with its innovative battery management system,
delivers the safety, performance, reliability and configurability
its customers need to succeed. To keep up with everything Romeo
Power, follow the Company on social media, @romeopowerinc or visit
RomeoPower.com
Forward-Looking Statements
Certain statements in this press release may constitute “forward
looking statements” within the meaning of the “safe harbor”
provisions of the United States Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
“estimates,” “projected,” “expects,” “anticipates,” “forecasts,”
“plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,”
“future,” “propose” and variations of these words or similar
expressions (or the negative versions of such words or expressions)
are intended to identify forward-looking statements. These
forward-looking statements, including, without limitation, express
or implied statements concerning Romeo Power’s ability to develop
or sell new products, or to pursue customers in new product or
geographic markets, Romeo Power’s expectations regarding its future
financial performance, the demand for safe, effective, affordable
and sustainable EV products, Romeo Power’s ability to produce and
deliver such products on a commercial scale, and Romeo Power’s
expectations that its customers will adhere to contracted purchase
commitments on the currently expected timeframe are not guarantees
of future performance, conditions or results, and involve a number
of known and unknown risks, uncertainties, assumptions and other
important factors, many of which are outside Romeo Power’s
management’s control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include: Romeo Power’s ability to execute on
its plans to develop and market new products and the timing of
these development programs; Romeo Power’s ability to increase the
scale and capacity of its manufacturing processes; Romeo Power’s
estimates of the size of the markets for its products; the rate and
degree of market acceptance of Romeo Power’s products; the success
of other competing technologies that may become available; Romeo
Power’s ability to identify and integrate acquisitions; Romeo
Power’s potential need for and ability to secure additional
capital; the performance of Romeo Power’s products and customers;
potential litigation involving Romeo Power; demand for battery
cells and supply shortages; the potential effects of COVID-19; and
general economic and market conditions impacting demand for Romeo
Power’s products. You should carefully consider the foregoing
factors and the other risks and uncertainties described in the
Company’s filings with the SEC. If any of these risks materialize
or our assumptions prove incorrect, actual results could differ
materially from those implied by our forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and Romeo Power undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
Romeo Power Inc.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220526005764/en/
For Investors: Joe Caminiti or Ashley Gruenberg Alpha IR
Group RMO@alpha-ir.com 312-445-2870
Romeo Power (NYSE:RMO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Romeo Power (NYSE:RMO)
Historical Stock Chart
From Sep 2023 to Sep 2024