Embark Technology, Inc. - EMBK STOCK NEWS

Embark Trucks, a key player in autonomous trucking technology, will participate in major industry events, including the J.P. Morgan 2022 Industrials Conference from March 15-17 and the Bank of America STAARS Summit from March 20-22. Founded in 2016 and headquartered in San Francisco, the company focuses on enhancing safety and sustainability in the $700 billion trucking market. Embark collaborates with leading shippers and carriers, managing over 35,000 trucks and representing $22 billion in annual freight spending. More details can be found on their website.

Embark Trucks has appointed Sam Loesche to its Public Policy team, enhancing its labor-friendly strategy in promoting autonomous trucking technology. Loesche brings over a decade of experience, previously leading federal policy at the International Brotherhood of Teamsters. His role involves deepening collaborations with policymakers to promote the benefits of autonomous trucks while improving driver livelihoods.

Embark is set to commercialize its technology in 2024, aiming to establish safer and more efficient transportation systems within the $700 billion trucking industry.

Embark Trucks, Inc. plans to release its fourth quarter 2021 results after market close on March 17, 2022, followed by a conference call at 5:00 p.m. ET. This event will be accessible via webcast on the company's Investor Relations website. Embark is a pioneer in developing autonomous technology for the trucking industry, aiming to enhance safety, efficiency, and sustainability in a market worth nearly $700 billion.

Headquartered in San Francisco, Embark collaborates with major logistics players, representing over 35,000 trucks and $22 billion in annual freight spending.

Embark Trucks, Inc. announced a strategic partnership with Alterra Property Group to establish transfer point sites across the U.S. Sunbelt. This collaboration aims to enhance Embark's coverage map in preparation for the deployment of its autonomous trucking technology in 2024. The partnership will leverage Alterra's industrial outdoor storage properties and $1.5 billion private equity funds, enabling Embark to implement a nationwide transfer point network. The initiative is expected to streamline operations and facilitate the expansion of autonomous trucking lanes.

Embark Trucks and Knight-Swift Transportation launched the Truck Transfer Program, transitioning ownership of Embark-equipped trucks to Knight-Swift. This historic initiative allows Knight-Swift drivers to operate these autonomous trucks, facilitating valuable insights and optimizing integration with supply chains. The program aims to improve operational models in freight logistics and is being prepared for launch with trucks scheduled for delivery by the end of 2022. Both companies are collaborating on technology and driver feedback mechanisms to enhance efficiency in meeting national supply chain demands.

Embark Trucks, a leader in autonomous trucking technology, will participate in major industry conferences in February and March 2022, including the Stifel Transportation & Logistics Conference and the Citi Global Industrial Tech and Mobility Conference.

Ahead of these events, the company has released a new investor presentation available on its website. Embark, a subsidiary of Embark Technology, is pioneering solutions for the $700 billion trucking market, partnering with major industry players to enhance safety and efficiency.

Embark Trucks has announced the appointment of Stephen Houghton as Chief Operating Officer, effective immediately. Houghton, a veteran in the autonomous vehicle sector with over 20 years of experience, will lead operational growth, oversee geographic expansion, and spearhead Embark's commercialization efforts. His previous role as Chief Operations and Fleet Officer saw significant growth in the operations team and expansion into new markets, including Texas, as Embark prepares for the commercial deployment of its technology in 2024.

Embark Trucks, Inc. (Nasdaq: EMBK) announced plans to develop autonomous trucks capable of navigating snowy conditions using its patent-pending Vision Map Fusion (VMF) technology. The company aims to demonstrate this capability by the end of winter 2022, enhancing its competitive edge in the autonomous trucking market. Currently, Embark has achieved 11 out of 16 milestones in its roadmap towards commercialization, set for 2024. Operating in snowy conditions is vital for supply chain efficiency, and Embark's advancements will support its national expansion following the initial rollout in the Sunbelt.

Embark Trucks, a leader in autonomous technology for trucking, announced its participation in key industry conferences. The upcoming events include the Wedbush Electric Vehicle Forum on December 14, 2021, and the Wells Fargo Tech in Transportation Day on December 16, 2021. Headquartered in San Francisco, Embark focuses on enhancing safety and efficiency within the $700 billion trucking market. Operating since 2016, the company collaborates with major shippers and carriers, managing over 35,000 trucks and $22 billion in freight spend. Visit embarktrucks.com for more information.