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ELMS Sets Date for Third Quarter 2021 Earnings Release and Conference Call

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Electric Last Mile Solutions, Inc. (NASDAQ: ELMS; ELMSW) will report its Q3 2021 financial results on November 10, 2021, after market close. A conference call at 5 p.m. ET will follow, where management will discuss earnings, the CATL battery agreement, and launch plans for the Class 3 Urban Utility vehicle. Key executives on the call will include CEO James Taylor and CFO Rob Song. The company aims to define a new era in commercial vehicles with its first Class 1 electric vehicle already in the U.S. market and anticipated production of its next vehicle scheduled for H2 2022.

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  • Commencement of production for Class 3 Urban Utility EV expected in H2 2022.
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TROY, Mich., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ: ELMS; ELMSW) (“ELMS” or “the Company”), a pioneer of electric and intelligent mobility solutions for commercial vehicle customers, announced that it will report its third quarter 2021 financial results after market close on November 10, 2021.

This will be followed by a conference call at 5 p.m. Eastern Time during which management will discuss its quarterly earnings, elaborate on the CATL battery agreement and future localization plans, and provide more details on launch plans for the Class 3 Urban Utility vehicle.

Speakers on the call will include James Taylor, Chief Executive Officer; Rob Song, Deputy Chief Financial Officer; and Jonathan Ballon, Chief Strategy and Digital Officer.

Conference Call and Webcast
To listen to the live webcast, go to the Investors section of the Company’s website at www.electriclastmile.com at least 15 minutes prior to the scheduled start time in order to register.

To Participate in the Telephone Conference Call:
Dial in at least 15 minutes prior to start time.
Domestic: 1-800-909-4195
International: 1-212-231-2926

About Electric Last Mile Solutions, Inc.
Electric Last Mile Solutions, Inc. (Nasdaq: ELMS) is focused on defining a new era in which commercial vehicles run clean as connected and customized solutions that make our customers’ businesses more efficient and profitable. ELMS’ first vehicle, the Urban Delivery, is the first Class 1 commercial electric vehicle in the U.S. market. The Company expects to begin production of its second vehicle, the Class 3 Urban Utility EV, in the second half of 2022. ELMS is headquartered in Troy, Michigan. For more information, please visit www.electriclastmile.com.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance of the business, the size, demands and growth potential of the markets for the Company’s products and the Company’s ability to serve those markets, the Company’s ability to develop innovative products and compete with other companies engaged in the commercial delivery vehicle industry and/or the electric vehicle industry, the Company’s ability to attract and retain customers, the estimated go to market timing and cost for the Company’s products, and the implied valuation of the Company. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of the Company to grow and manage growth profitably and retain its key employees; (2) changes in applicable laws or regulations; (3) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (4) the impact of COVID-19 on the Company’s business; (5) any delays the Company may experience in realizing its projected timelines and cost and volume targets for the production, launch and ramp up of production of the Company’s vehicles and the modification of its manufacturing facility; (6) the ability of the Company to obtain customers, obtain product orders, and convert its non-binding pre-orders into binding orders or sales; (7) the Company’s ability to implement its business plans and strategies; and (8) other risks and uncertainties described in the “Risk Factors” section of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 and in the Company’s future filings with the Securities and Exchange Commission. Some of these risks and uncertainties may in the future be amplified by the COVID-19 outbreak and there may be additional risks that the Company considers immaterial or which are unknown. The Company cautions that the foregoing list of factors is not exclusive. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Contacts
Media: elms-svc@sardverb.com  
Investor Relations: IR@electriclastmile.com


FAQ

When will Electric Last Mile Solutions report Q3 2021 earnings?

Electric Last Mile Solutions will report its Q3 2021 financial results on November 10, 2021.

What will be discussed in the ELMS conference call?

The conference call will cover quarterly earnings, the CATL battery agreement, and launch plans for the Class 3 Urban Utility vehicle.

Who will present during the Electric Last Mile Solutions conference call?

CEO James Taylor, Deputy CFO Rob Song, and Chief Strategy Officer Jonathan Ballon will present.

What is the significance of the CATL battery agreement for ELMS?

The CATL battery agreement is crucial as it affects the supply chain and production capabilities for ELMS's electric vehicles.

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