REE Automotive, Ltd. Announces Date for Second Quarter 2021 Financial Results Release, Webcast and Conference Call
REE Automotive, a leader in e-mobility, will release its Q2 2021 financial results on August 17, 2021, before market opening. A webcast and conference call will follow at 08:30 a.m. ET to discuss the results and recent developments. REE's innovative REEcorner technology aims to create zero-emission vehicles by integrating key components into the wheel arch, thereby offering design flexibility and reducing manufacturing costs. Headquartered in Tel Aviv, REE partners with Tier 1 suppliers for a CapEx-light manufacturing model.
- Innovative REEcorner technology enhances vehicle design flexibility.
- CapEx-light manufacturing model leveraging existing production lines reduces costs.
- Risks in commercialization of strategic plans and reliance on Tier 1 suppliers.
- Intense competition in the e-mobility sector may impact market share.
NEW YORK and TEL-AVIV, Israel, Aug. 10, 2021 (GLOBE NEWSWIRE) -- REE Automotive, Ltd. (NASDAQ: REE) (“REE” or the “Company”), a leader in e-mobility, announced today that the Company will release its second quarter 2021 financial results before the NASDAQ market opens on Tuesday, August 17, 2021. A webcast and conference call will be held on August 17, 2021, at 08:30 a.m. Eastern time to review the Company’s second quarter results, discuss recent developments and conduct a question-and-answer session.
The live webcast and archived replay of the conference call can be accessed via the Events and Presentations page of REE’s Investor Relations website at https://investors.ree.auto/. For those unable to access the webcast or would like to ask questions, the conference call will be accessible domestically or internationally, by dialing 877-407-9039 or 201-689-8470, respectively. Upon dialing in, please provide your details and request to join the REE Automotive Second Quarter 2021 Earnings Conference Call.
About REE
REE is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE’s mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 - for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.
Headquartered in Tel Aviv, Israel, with subsidiaries in the USA, the UK and Germany. REE has a unique CapEx-light manufacturing model that leverages its Tier 1 partners’ existing production lines. REE’s technology, together with their unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility. For more information visit https://www.ree.auto.
Contacts
Investor Relations
Limor Gruber
VP Investor Relations, REE Automotive
+972-50-5239233
investors@ree.auto
Media
Keren Shemesh
Chief Marketing Officer, REE Automotive
+972-54-5814333
media@ree.auto
Caution About Forward-Looking Statements
This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “views,” “estimates”, “future”, “allows”, “aims”, “strives” “endeavours” and similar expressions are used to identify these forward-looking statements. These statements include, among other things, the Company’s statements about the Company’s strategic and business plans, relationships or outlook, the impact of trends on and interest in its business, intellectual property or product and its future results. These forward-looking statements are based on REE’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication or elsewhere 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 cause results to differ from the forward-looking statements in this release include, but are not limited to: REE’s ability to commercialize its strategic plan; 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 the Company 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; 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 as well as protect itself and defend against actual or potential claims; REE’s ability to retain engineers and other highly qualified employees to further its goals and insulate itself from and defend against any potential or asserted employee claims or legal action; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s final prospectus relating to its business combination filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2021 and in subsequent filings with the SEC. While the list of factors discussed above and the list of factors presented in the final prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.
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