Mission Accomplished: Canoo Delivers Crew Transportation Vehicles to NASA for Artemis Missions

Rhea-AI Summary

Canoo delivers three Crew Transportation Vehicles (CTVs) to NASA's Kennedy Space Center for the Artemis lunar missions. The CTVs are designed to transport astronauts to the launch pad, providing comfort and safety. Canoo expects to reveal images of the CTV later this year. Canoo is proud to support NASA in the Artemis Lunar Missions.

JUSTIN, Texas, July 12, 2023 /PRNewswire/ -- Canoo (NASDAQ: GOEV), a leading high-tech advanced mobility company, announced it has delivered on time three Crew Transportation Vehicles (CTVs) to NASA's Kennedy Space Center in Florida. These vehicles will transport the astronauts to the launch pad for the Artemis lunar missions.

"We are thrilled to be a part of the Artemis missions and to deliver NASA's first zero-emission built for mission crew transportation vehicles," says Tony Aquila, Chairman and CEO, Canoo. "It's a very proud day for Canoo and all of our partners who worked so hard to ensure we perform our part to transport the astronauts for the first nine miles of every launch."

The CTVs are engineered to carry fully suited astronauts, flight support crew, and equipment to the launch pad. The vehicles have an exclusive interior and exterior design that will provide astronaut and crew comfort and safety while on the nine-mile journey to the launch pad at Kennedy Space Center. Canoo said it expects to reveal images of the exterior and interior of the CTV later this year.

The Artemis II is the first crewed mission that is part of NASA's plan to establish a long-term presence at the Moon for science and exploration. The 10-day flight will test NASA's foundational human deep space exploration capabilities, the Space Launch System rocket and Orion spacecraft, for the first time with astronauts.

Aquila says the company looks forward to supporting NASA in being the transport vehicle for the Artemis Lunar Missions.

About Canoo

Canoo's mission is to bring EVs to Everyone. The company has developed breakthrough electric vehicles that are reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that spans the full lifecycle of the vehicle. Distinguished by its experienced team from leading technology and automotive companies – Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space that is customizable across all owners in the vehicle lifecycle to support a wide range of vehicle applications for consumers and businesses. 

Canoo has teams in California, Texas, Michigan, Oklahoma and Arkansas. For more information, please visit www.canoo.com. For Canoo press materials, including photos, please visit press.canoo.com. For investors, please visit www.investors.canoo.com. 

Forward-Looking Statements

The information in this press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward- looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, expectations and timing related to commercial product launches and the achievement of operational milestones, including the ability to meet and/or accelerate anticipated production timelines, Canoo's ability to capitalize on commercial opportunities, current or anticipated customer orders, and expectations regarding the development of facilities. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Canoo's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Canoo. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; Canoo's ability to access future capital, via debt or equity markets, or other sources; the rollout of Canoo's business and the timing of expected business milestones and commercial launch; future market adoption of Canoo's offerings; risks related to Canoo's go-to-market strategy and manufacturing strategy; the effects of competition on Canoo's future business, and those factors discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Canoo's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the U.S. Securities and Exchange Commission (the "SEC") on March 1, 2022, as well as its past and future Quarterly Reports on Form 10-Q and other filings with the SEC, copies of which may be obtained by visiting Canoo's Investors Relations website at investors.canoo.com or the SEC's website at www.sec.gov. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Canoo does not presently know or that Canoo currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Canoo's expectations, plans or forecasts of future events and views as of the date of this press release. Canoo anticipates that subsequent events and developments will cause Canoo's assessments to change.

However, while Canoo may elect to update these forward-looking statements at some point in the future, Canoo specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Canoo's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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SOURCE Canoo

FAQ

What company delivered Crew Transportation Vehicles to NASA's Kennedy Space Center?

Canoo delivered the vehicles.

What are the vehicles used for?

The vehicles will transport astronauts to the launch pad for the Artemis lunar missions.

What is the purpose of the Artemis II mission?

The Artemis II mission is part of NASA's plan to establish a long-term presence at the Moon for science and exploration.

Will Canoo reveal images of the CTV?

Yes, Canoo expects to reveal images of the CTV later this year.

What does Canoo look forward to?

Canoo looks forward to supporting NASA in the Artemis Lunar Missions.